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Commercial Underfloor Heating Market Size

Report ID: GMI9992
Published Date: Jun 2024
Report Format: PDF

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Commercial Underfloor Heating Market Size

Commercial Underfloor Heating Market was valuated at USD 2.4 billion in 2023 and is set to observe about 5.7% CAGR from 2024 to 2032. Rising development of commercial infrastructure along with shifting inclination toward clean energy technologies accompanied by increasing consumer investments in luxury & comfort will augment the industry landscape market.

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Increasing demand from various nations witnessing extreme weather conditions will positively augment the product deployment. For instance, according to National Centres for Environmental Information, in U.S., 5 climatic disasters have occurred in April 2024, including three severe storms that hit the central, southern, and eastern U.S. in mid-February and early April along with the two winter storms hit the northwest and central U.S. in mid-January.

Commercial Underfloor Heating Market Report Attributes
Report Attribute	Details
Base Year:	2023
Commercial Underfloor Heating Market Size in 2023:	USD 2.4 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	5.7%
2032 Value Projection:	USD 4 Billion
Historical Data for:	2021 - 2023
No. of Pages:	80
Tables, Charts & Figures:	38
Segments covered:	Technology, Application and Region
Growth Drivers:	Stringent standards by respective authorities to curb carbon emissions Accelerated investment for development of commercial infrastructure Growing adoption of energy efficient space heating technologies
Pitfalls & Challenges:	High initial implementation cost

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Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The market size of commercial underfloor heating was reached USD 2.4 billion in 2023 and will grow at a 5.7% CAGR between 2024 and 2032, propelled by rising demand for energy-efficient heating solutions.

Commercial underfloor heating market share from the hospitality segment will garner 5% CAGR through 2032, due to the industry's focus on enhancing guest experiences, combined with the trend towards luxurious and sustainable amenities.

Europe commercial underfloor heating industry will reach USD 2 billion by 2032, owing to the region's cold climate, advanced technology and high standards in construction, stringent energy efficiency regulations and a strong emphasis on sustainable building practices.

Some of the leading commercial underfloor heating industry players include Daikin, Danfoss, Gaia Climate Solutions, H2O Heating Pty td., Hunt Commercial, Thermo-Floor UK Limited, Uponor Corporation, Warmup, and Watts, among others.