North America Underfloor Heating Market Analysis

North America Underfloor Heating Market Analysis

To get key market trends

  Download Free Sample

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.