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Underfloor Heating Market Size

Report ID: GMI2122
Published Date: Jun 2024
Report Format: PDF

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Underfloor Heating Market Size

Underfloor Heating Market was valued at above USD 7.2 billion in 2023 and is set to observe a CAGR of 5.5% from 2024 to 2032. Growing inclination to curb emissions and the rising demand for reliable floor heating solutions from several nations witnessing extreme climatic conditions will augment the product demand.

Underfloor Heating Market

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For instance, in April 2024, the Department of Energy announced Clean Energy Rule for new buildings and renovations across the U.S. This rule mandates to cut emissions from buildings and help them to achieve net-zero carbon emissions from building infrastructure by 2045. Moreover, increasing development of existing residential and commercial infrastructure along with shifting focus toward adoption of green energy technologies will augment the industry landscape.

Underfloor Heating Market Report Attributes
Report Attribute	Details
Base Year:	2023
Underfloor Heating Market Size in 2023:	USD 7.2 Billion
Forecast Period:	2024-2032
Forecast Period 2024-2032 CAGR:	5.5%
2032 Value Projection:	USD 11.7 Billion
Historical Data for:	2021-2023
No. of Pages:	95
Tables, Charts & Figures:	44
Segments covered:	Technology, Facility, Application, and Region
Growth Drivers:	Stringent standards by respective authorities to curb carbon emissions Flourishing investment for development of green building infrastructure Growing adoption of energy efficient space heating technologies
Pitfalls & Challenges:	High initial implementation cost

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Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of underfloor heating was worth more than USD 7.2 billion in 2023 and is projected to expand at 5.5% CAGR from 2024 to 2032, due to the growing inclination to curb emissions and the rising demand for reliable floor heating solutions.

The hydronic technology segment in the underfloor heating industry is projected to surpass USD 7.6 billion by 2032, owing to the rising demand for enhanced technological and efficient floor heating solutions across various applications.

The residential application segment in the underfloor heating industry is estimated to grow at over 5% CAGR between 2024 and 2032, due to the increasing urbanization and establishment of residential infrastructure.

Europe underfloor heating industry may amass over USD 5.6 billion by 2032, due to the introduction of energy efficient policies and standards along with stringent regulatory mandates pertaining to the emissions across buildings.