Home > Industrial Machinery > HVAC > Underfloor Heating > Underfloor Heating Market

Underfloor Heating Market Trends

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

Download Free Sample

Underfloor Heating Market Trends

The underfloor heating industry is set to witness significant growth on account of rising demand for space heating along with implementation of stringent regulatory compliances on account of depletion of conventional fuels. Increasing investments by several authorities for transformation of commercial, industrial, and residential green building structures will favor the industry dynamics. The organization added that if the industry keeps growing at an annual pace of 11%, it will be able to reach the 2030 annual investment levels. Furthermore, accelerating urban migration that led to rapid expansion of building infrastructure will positively influence the industry outlook.

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.