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Strategic partnerships in the underfloor heating actuator industry can drive innovation, expand market reach, and enhance product offerings. These collaborations can involve technology providers, component manufacturers, energy companies, and industry associations. Further, collaborating with smart home solution providers can ensure that underfloor heating actuators are compatible with broader smart home ecosystems, including lighting, security, and HVAC systems.
Eminent players operating in the underfloor heating actuator industry are:
Danfoss, Eberle Controls GmbH, Hunt Heating, Honeywell International, Inc., Heatmiser, M
The market size of underfloor heating actuator was reached USD 303.8 million in 2023 and is anticipated to register 4.4% CAGR between 2024 and 2032, driven by increasing standard of living along with the rising urbanization and commercialization.
Europe underfloor heating actuator market is anticipated to reach USD 283 million by 2032, on account of majority of the demand coming from UK, Germany, and Denmark and extreme climatic conditions and stringent environment regulations to limit carbon emissions.
The thermal segment in the underfloor heating actuator market is anticipated to grow at USD 429 million by 2032, on account of better utilization of the systems in small spaces including kitchen and bathrooms.