Home > Industrial Machinery > HVAC > Underfloor Heating > Residential Hydronic Underfloor Heating Market
Residential Hydronic Underfloor Heating Market Size
- Report ID: GMI7487
- Published Date: Oct 2024
- Report Format: PDF
Residential Hydronic Underfloor Heating Market Size
The global residential hydronic underfloor heating market size was valued at USD 2.7 billion in 2023 and is estimated to grow at a CAGR of 6% from 2024 to 2032. Increasing demand for cost-effective space heating solutions, combined with government incentives for residential underfloor heating systems will complement the industry landscape. Shifting focus to reduce carbon emissions and shifting focus toward replacement of traditional space heating systems to energy efficient solutions will augment the industry outlook.
Stringent building efficiency codes, consumer inclination toward improved comfort levels and efforts to promote sustainable heating technologies in residential establishments, contribute to industry growth. For instance, in April 24, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA) announced new energy-efficiency standards for constructing single-family and multifamily homes. Effective May 28, 2024, these standards will apply to new constructions under various HUD and USDA programs.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Residential Hydronic Underfloor Heating Market Size in 2023: | USD 2.7 Billion |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 6% |
| 2024 – 2032 Value Projection: | USD 4.5 Billion |
| Historical Data for: | 2021-2023 |
| No. of Pages: | 105 |
| Tables, Charts & Figures: | 28 |
| Segments covered: | Facility, Application and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Residential Hydronic Underfloor Heating Market Scope
