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Asia Pacific Residential Underfloor Heating Actuator Market Size
Asia Pacific Residential Underfloor Heating Actuator Market was valued at USD 50.8 million in 2023 and is anticipated to grow at a CAGR of 5.3% from 2024 to 2032.
Homeowners seeking to invest in heating systems to improve indoor comfort and well-being along with rising energy costs and environmental concerns will encourage the product adoption. Rising urbanization, population growth, and economic development along with increasing integration of these system into new residential construction projects will enhance the business landscape. For instance, according to the Asia Pacific Population and Development Report 2023, the population figure in 2023 was estimated over 4.7 billion and is expected to grow over 5.2 billion by 2050.
What is the size of the Asia Pacific residential underfloor heating actuator market?
Asia Pacific market for residential underfloor heating actuator was reached USD 50.8 million in 2023 and will record 5.3% CAGR between 2024 and 2032, owing to rapid urbanization, coupled with growing population and the increasing demand for efficient heating solutions.
Why is the need for thermal residential underfloor heating actuators growing?
The thermal segment in the Asia Pacific residential underfloor heating actuator industry will reach USD 76 million by 2032, primarily attributed to its efficient temperature control, ensuring optimal comfort and energy efficiency for homeowners.
Why is the demand for residential underfloor heating actuator rising across Chaina?
Chaina residential underfloor heating actuator market revenue to cross USD 68.5 million by 2032, driven by burgeoning construction sector, rapid urbanization, and increasing consumer demand for efficient heating solutions.
Which are the prominent players operating in the APAC residential underfloor heating actuator market?
Major Asia Pacific residential underfloor heating actuator market firms are Danfoss, Eberle Controls GmbH, Oventrop GmbH & Co. KG, Heatmiser, Honeywell International, Inc., M