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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.
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.
How large is the commercial underfloor heating market?
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.
Why is there a rising demand for commercial underfloor heating from hospitality sector?
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.
What is Europe commercial underfloor heating market worth?
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.
Who are the prominent commercial underfloor heating market players?
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.