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Asia Pacific Residential Underfloor Heating Actuator Market Trends

Report ID: GMI8862
Published Date: Apr 2024
Report Format: PDF

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Asia Pacific Residential Underfloor Heating Actuator Market Trends

Growing emphasis on reducing utility bills and minimizing the environmental impact in line with increasing utilization of energy for heating and cooling will enhance the industry dynamics. For instance, in 2021, according to IEA, the Total Final Consumption (TFC) by businesses and industry to heat and cool buildings for residential was 19& and industry was 42% in Asia Pacific region. Additionally, the ability of these systems to reduce air movement and circulating dust will contribute to improved indoor air quality and health outcomes.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

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.

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.

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.

Major Asia Pacific residential underfloor heating actuator market firms are Danfoss, Eberle Controls GmbH, Oventrop GmbH & Co. KG, Heatmiser, Honeywell International, Inc., Möhlenhoff GmbH, Sauter AG, Uponor, Shanghai SMLG Thermostatic Technology Co., Ltd, Siemens AG, SMLGHVAC, Warmup