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Commercial Underfloor Heating Market Trends

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

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Commercial Underfloor Heating Market Trends

Commercial underfloor heating industry is set to grow owing to rising demand for reliable heating solutions across commercial establishments accompanied by ongoing development of building infrastructure. Rising investments by government and private authorities for development of existing & new building infrastructure will complement the industry dynamics. Furthermore, increasing urban migration along with rapid expansion of multi-story buildings driven by foreign & domestic investments will foster the product demand.

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.