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Underfloor Heating Actuator Market Size

  • Report ID: GMI4913
  • Published Date: Jul 2024
  • Report Format: PDF

Underfloor Heating Actuator Market Size

Underfloor Heating Actuator Market was valued USD 303.8 million in 2023 and is anticipated to grow at a CAGR of 4.4% from 2024 to 2032. It is a device used in underfloor heating systems to regulate the flow of hot water or electric current through the pipes or cables embedded in the floor. The actuator controls the opening and closing of valves or switches to adjust the temperature in individual zones or rooms.

 

Underfloor heating systems are deployed across building floors to provide comfortable warm floors and space heating. Technological advancements and growing demand from regions witnessing extreme climatic conditions initiated a positive business outlook. Further, the growing requirement of efficient systems to increase productivity & reduce the downtime primarily in industrial facilities & manufacturing hubs worldwide which will positively impact the underfloor heating industry, thereby complementing the demand for actuators.
 

Significant decline in the upfront and installation cost have re-established underfloor heating from luxury to a more mainstream technology. The systems, with recent technological development have become more convenient for both small-scale, comprising kitchen & bathrooms along with large-scale applications. Additionally, the growing requirement of efficient systems to increase productivity & reduce the downtime primarily in industrial facilities & manufacturing hubs worldwide which will positively impact the underfloor heating industry, thereby complementing the demand for actuators.
 

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

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.

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.

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.

Danfoss, Eberle Controls GmbH, Hunt Heating, Honeywell International, Inc., Heatmiser, Möhlenhoff GmbH, Oventrop GmbH & Co. KG, Polypipe, Siemens AG, and SHANGHAI SMLG THERMOSTATIC TECHNOLOGY CO.,LTD, among others.

Underfloor Heating Actuator Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 30
  • Countries covered: 28
  • Pages: 200
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