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Residential Underfloor Heating Market Trends

Report ID: GMI8030
Published Date: Feb 2024
Report Format: PDF

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Residential Underfloor Heating Market Trends

The residential underfloor heating systems market is projected to observe a significant upsurge on account of various parameters including new technological advancements along with the changing consumer preferences. Moreover, the introduction of different sustainability initiatives the respective governing authorities will further propel the industry outlook. For instance, in October 2023, the New York State Energy Research and Development Authority (NYSERDA) confirmed a new initiative announced by the New York Governor including the Empire Technology Prize worth USD 10 million. The new reward program is projected to boost the innovations for low carbon heating system retrofitting across the multifamily buildings and tall commercial infrastructure within the state.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of residential underfloor heating was reached USD 4.3 billion in 2023 and is anticipated to observe about 5.5% growth rate through 2032, owing to the growing demand for energy-efficient heating solutions, and stringent energy efficiency regulations & environmental concerns.

The residential hydronic underfloor heating market was valued at over USD 2.7 billion in 2023 and is set to observe a significant expansion owing to the increasing demand for affordable space heating solutions coupled with encouraging government incentives & support.

Europe residential underfloor heating market size crossed USD 2 billion in 2023 and is projected to observe substantial expansion through 2032, due to the notable shift towards low-carbon heating solutions attributed to the stern environmental regulations & sustainability goals.

Amuheat, ASIASTAR co., Ltd., Danfoss, DEVEX SYSTEMS AUSTRALIA, Elektra UK, Heat Mat Ltd., Hemstedt GmbH, Hurlcon Hydronic Heating, and MAGNUM Heating B.V. among others.