North America Residential Underfloor Heating Actuator Market Size - By Product (Thermal, Motoric), Country Outlook & Forecast, 2024 – 2032
Report ID: GMI9425
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Published Date: May 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 12
Tables & Figures: 20
Countries covered: 2
Pages: 80
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North America Residential Underfloor Heating Actuator Market Size
North America Residential Underfloor Heating Actuator Market was valued at USD 17.5 million in 2023 and is anticipated to grow at a CAGR of over 4.8% between 2024 and 2032. Underfloor heating actuators control the flow of warm water through the pipes embedded in the floor. They open and close valves to regulate the temperature of each zone or room independently, ensuring that each area reaches the desired level of comfort. Ability to enable zoning capabilities in underfloor heating systems, allowing homeowners to divide their living spaces into separate heating zones is set to augment the industry landscape.
Growing urbanization and real estate development projects, particularly in densely populated areas coupled with supportive government policies and building regulations aimed at reducing carbon emissions will strengthen the product demand. Additionally, growing adoption of underfloor heating systems across construction projects will augment the industry landscape.
Surge in home renovation and remodeling activities, integration with smart thermostats or heating control systems along with growing focus on home comfort and wellness will continue to drive the business momentum. Furthermore, underfloor heating operates silently, providing a comfortable and peaceful environment in the home, contributing to quiet operation, thereby strengthening the market landscape.
North America Residential Underfloor Heating Actuator Market Trends
Key features comprising programmable settings, wireless connectivity, and energy-saving algorithms is set to drive the business scenario. For instance, in March 2022, Danfoss introduced the A5 Series Electronic Valve Actuators including the ABNM A5 and ABRA A5 models. Both are used to electrically activate valves on chilled and hot water cooling and heating systems while consuming less power. Additionally, technical advancements in underfloor heating technology coupled with enhanced demand from regions observing extreme climatic conditions will stimulate the produce adoption.
North America Residential Underfloor Heating Actuator Market Analysis
Based on product, the motoric residential underfloor heating actuator is projected to surpass USD 900 million by 2032. Optimized energy usage and reducing greenhouse gas emissions associated with heating, align with this eco-conscious mindset, driving the product adoption across environmentally aware consumers. Furthermore, homeowners recognize the potential for significant savings over time, making motoric actuators an economically sensible choice which will stimulate the market statistics.
Thermal residential underfloor heating actuator market accounted for over 96% revenue share in 2023. They are typically compact and can be installed discreetly, either within walls, ceilings, or underfloor, depending on the heating or cooling system design, thereby appealing or homeowners who value aesthetics and prefer heating and cooling solutions. Further, the systems require minimal maintenance and have a long lifespan, providing cost effective heating and cooling solutions over the long term, thereby stimulating the business statistics.
The U.S. residential underfloor heating actuator market is likely to cross USD 20.5 million by 2032. Actuators allow for precise temperature control in different zones, ensuring optimal comfort while minimizing energy waste coupled with introduction of incentives will support offset the upfront costs of installation, thereby encouraging homeowners to invest in energy efficient heating technologies. Additionally, growing awareness about the benefits of underfloor heating, including improved comfort, energy efficiency, and space-saving design, has contributed to growing demand across the economy.
Canada experiences a wide range of climates, from extremely cold winters in the northern regions to more temperate conditions in the south. Growing need for efficient and reliable heating solutions to cope with the country's diverse climate conditions will drive the product demand. Government incentives and rebates for energy efficient home upgrades along with Programs that offer financial incentives for installing energy-efficient heating systems, including those with advanced actuators, encourage homeowners to invest in these technologies.
North America Residential Underfloor Heating Actuator Market Share
Danfoss, ABB, Heatmiser, Honeywell International Inc., and Uponor are some key industry players operating across the economy. These manufacturers offer a variety of underfloor heating actuators designed to meet the specific needs of residential applications. Homeowners can choose from a range of options based on factors such as system compatibility, performance features, and budget considerations. Collaborative research and development initiatives will continue to drive technological advancements.
North America Residential Underfloor Heating Actuator Market Companies
Major key players operating across the North America residential underfloor heating actuator industry include:
North America Residential Underfloor Heating Actuator Market News
This North America residential underfloor heating actuator market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue in ‘‘000 Units & USD Million’ from 2021 to 2032, for the following segments:
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Market, By Product
The above information has been provided for the following countries: