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Underfloor Heating Actuator Market Trends

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

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Underfloor Heating Actuator Market Trends

Rapid economic growth, shifting consumer trend toward energy efficient heating technologies across the emerging economies have compelled the regulators to adopt advanced heating systems, thereby creating a positive business scenario. Surging consumer demand for efficient space heating primarily in the extreme climatic regions along with shifting customer focus on luxury fittings is set to stimulate the market growth. Integration of smart technology and home automation systems along with rising demand for underfloor heating systems with zoning capabilities, allowing users to control heating levels in individual rooms or zones independently will drive the industry outlook.

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, M