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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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