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North America Underfloor Heating Market size was valued at above USD 1.8 billion in 2023 and is projected to experience a CAGR of 4.9% through 2032. Rising demand for efficient floor heating solutions in areas experiencing extreme climatic conditions, along with a growing commitment to curb carbon emissions, will boost product demand.
For instance, in May 2023, British Columbia updated the target for all new buildings to achieve net-zero emissions by 2030, previously was till 2032. This regulation grants local governments the authority to either incentivize or mandate builders to comply with these standards. Moreover, ongoing development of residential & commercial building infrastructure coupled with growing inclination toward adoption of clean energy technologies will complement the industry outlook.
Report Attribute | Details |
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Base Year: | 2023 |
North America Underfloor Heating Market Size in 2023: | USD 1.8 Billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 4.9% |
2032 Value Projection: | USD 2.8 Billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 80 |
Tables, Charts & Figures: | 14 |
Segments covered: | Technology, Facility, Application and Country |
Growth Drivers: |
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Pitfalls & Challenges: |
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The underfloor heating market is set to witness significant growth on account of rising demand for space heating along with implementation of stringent regulatory compliances driven by replacement of traditional heating systems. Stringent mandates toward improvement of energy efficiency building structures and ongoing adoption of enhanced technologies will favor the business dynamics.
For instance, in April 2024, the Department of Energy unveiled a Clean Energy Rule targeting new constructions and renovations nationwide. This regulation aims to significantly reduce emissions from buildings, steering them towards achieving net-zero carbon emissions in their infrastructure by 2045. Furthermore, increasing urban migration has led to expansion of building infrastructure and increasing investments for development of green building structures will positively influence the industry outlook.
Hydronic segment is set to grow over USD 1.8 billion by 2032. Increasing demand for advanced technologies and efficient floor heating solutions across several applications and rising clean building initiatives have accelerated the product deployment. Furthermore, the ongoing expansion of both residential and commercial infrastructures, driven by rising number of smart city projects in developing nations, is set to boost the hydronic underfloor heating business outlook.
Electric underfloor heating market is anticipated to witness significant momentum owing to shifting focus toward replacement of traditional heating systems to energy efficient ones along with increasing inclination toward reducing energy consumption. The increasing adoption of clean energy technologies, the introduction of stringent environmental regulations, and a shift in consumer preferences towards energy efficiency and reliable comfort solutions are all set to boost product demand.
North America underfloor heating market from residential segment is set to witness a CAGR of over 4.5% through 2032. Rising building infrastructure driven by rapidly growing urban population along with ongoing research and development initiatives toward development of clean building infrastructure will augment the industry landscape. Continuous technological advancements in space heating systems, along with a growing preference for clean energy technologies, are shaping the industry landscape. Ongoing adoption of effective and efficient space heating solutions across urban areas, rising green building projects and expanding residential infrastructures. Additionally, collaborative efforts between governments and private entities aim to provide efficient heating solutions in colder climates, further complement the residential underfloor heating industry outlook.
U.S. underfloor heating market is set to grow over USD 2 billion by 2032. Increasing demand for advance floor heating solutions, stringent regulations toward energy-efficient and low emission building infrastructure will positively enhance the industry outlook. Favorable policies and financial grants for the upgradation of residential infrastructure and adoption of low emission and energy efficient systems will favor the business dynamics. For instance, from January 2023 to December 2032, taxpayers can claim a credit worth 30% of qualified expenses, encompassing energy efficiency upgrades, residential energy properties, and home energy audits. Individuals can claim a maximum annual credit of USD 1,200 including USD 250 per door (USD 500 total for doors), USD 600 for windows, and USD 150 for home energy audits.
Key players in the North America underfloor heating industry are actively introducing new products and technologies, mergers & acquisitions, pursuing strategic collaborations, partnerships, and entering joint ventures to bolster their competitive market share. Major players, including Danfoss, Emerson Electric, Uponor Corporation, nVent, and Warmup, holds the majority of industry's market share.
Major manufacturers operating across the market comprising of:
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Market, By Technology, 2021 – 2032 (USD Million)
Market, By Facility, 2021 – 2032 (USD Million)
Market, By Application, 2021 – 2032 (USD Million)
The above information has been provided for the following countries: