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North America Underfloor Heating Market Size
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.
Wha is the size of North America underfloor heating market?
North America underfloor heating industry Size was valued at above USD 1.8 billion in 2023 and is projected to experience a CAGR of 4.9% through 2032, due to the rising demand for efficient floor heating solutions in areas experiencing extreme climatic conditions.
How will residential application influencing the growth of North America underfloor heating industry?
Residential segment is set to witness a CAGR of over 4.5% through 2032, driven by rapidly growing urban population along with ongoing research and development initiatives toward development of clean building infrastructure.
How big is the U.S. underfloor heating industry?
U.S. underfloor heating market is set to surpass USD 2 billion by 2032, driven by the increasing demand for advance floor heating solutions, alongside stringent regulations toward energy-efficient and low emission building infrastructure.
Who are the key players in North America underfloor heating market?
Emerson Electric Co., FloorHeat LLC, Gold Heat, nVent, REHAU, Resideo Technologies Inc., Schluter Systems, STEP HEAT, and SunTouch among others.