Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Hydronic Underfloor Heating Market size was valued at USD 4.5 billion in 2024 and is set to exceed USD 9.25 billion by 2037, expanding at over 5.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of hydronic underfloor heating is evaluated at USD 4.71 billion.
The demand for hydronic underfloor heating is attributed to the rising trend of building automation across the globe. By the end of 2023, in the United States region, almost 15% of the building will have building automation systems (BAS) installed.
Hydronic underfloor heating is an advanced system that is considered to be an efficient way of heating the individual’s dwelling place. Generally, hydronic underfloor heating uses radiant heat technology that allows gentle heating of the surroundings, from the ground up while facilitating a much more energy-efficient method. Several advantages of hydronic underfloor heating include increased energy efficiency, low maintenance, freedom of design, and adaptability of floor heaters. All these factors are projected to favor the global industry expansion in the upcoming years.
Hydronic Underfloor Heating Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Adoption of HVAC Systems – People nowadays are inclined towards adopting advanced technologies such as HVAC (Heating, Ventilation, and Air-Conditioning) systems to upgrade their living standards. The adoption of HVAC control systems is anticipated to increase the demand for hydronic underfloor heating too. The HVAC industry generated a revenue of USD 17 Billion in 2022 and is poised to grow and reach USD 30 Billion by 2028.
- Significant Growth in the Number of Smart Homes and Buildings – Rapid urbanization has led to the development of smart homes and buildings across the globe. These advanced infrastructures require automatic and efficient heating systems such as hydronic underfloor heating for setting the room temperature. It has been found that in 2022, the count of smart homes worldwide was around 308 million and is projected to increase to reach 670 million smart homes throughout the world by 2025.
- Emergence of Advanced IoT-enabled Heating Systems – The rising integration of the Internet of Things (IoT) and Wi-Fi has enabled hydronic underfloor heating for observing, monitoring, and studying user settings and preferences. This trend is anticipated to favor the growth of the global hydronic underfloor heating market size during the assessment period.
Challenges
- High Initial Cost During Installation Process – Hydronic underfloor is built beneath the floor which requires high investments in the installation process. Furthermore, the usage of several pipes to carry the hot water along with the integration of wires and other things increases the overall cost. It is therefore estimated to hamper the growth of the market in the forecast period.
- Rising Concern Regarding the Complication Structure of the System
- Easy Availability of Cost-Effective Alternatives
Hydronic Underfloor Heating Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
5.7% |
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Base Year Market Size (2024) |
USD 4.5 billion |
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Forecast Year Market Size (2037) |
USD 9.25 billion |
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Regional Scope |
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Hydronic Underfloor Heating Segmentation
Facility (New Buildings, Retrofit)
The new buildings segment is anticipated to account for 51% share of the hydronic underfloor heating market in the 2037. The major factor that is anticipated to help segment growth is the lower installation cost in construction as compared to retrofit. Usually, developers use laborers that are present on the site to install the basic elements of hydronic underfloor heating systems beforehand and connect electric systems to avoid hassles after the development of the property.
Application {Residential (Single Family, Multi Family), Industrial, Commercial (Education, Healthcare, Retail, Transportation, Offices, Hospitality)}
The residential segment in the hydronic underfloor heating market is set to garner the highest revenue share of 47% through the forecasted timeframe. The growing awareness level about different automatic heating systems such as hydronic underfloor heating that is used in residential properties among the global population is anticipated to drive segment growth. In addition to the other aforementioned, rising renovation activities of residents along with the growing popularity of modern design have inspired consumers to adopt hydronic underfloor heating. Moreover, the presence of favorable government regulations and tax credit facilities for the installation of energy-efficient systems is also estimated to drive market growth.
Our in-depth analysis of the global market includes the following segments:
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Facility |
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Application |
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Customize this ReportHydronic Underfloor Heating Industry - Regional Synopsis
North American Market Forecast
North America industry is likely to dominate majority revenue share of 35% by 2037, owing to the investments of hefty amounts in the construction of multi-family buildings and commercial units especially in the United States and Canada region. Also, the significant rise in the real estate sector along with the escalation in the construction of new infrastructure is estimated to bring lucrative growth opportunities for market growth during the forecast period.
APAC Market Analysis
The Asia Pacific hydronic underfloor heating sector is set to hold 24% of the market share by the end of the projected timeframe. Asia Pacific is expected to observe a growth outlook in the coming years owing to the burgeoning population in the countries, especially, India and China, and their rising demand for fully efficient homes, and other infrastructure. In addition, the initiatives started by the government policies and regulations to reduce the carbon emission from heating equipment and bring a sustainable way of regulating the temperature of space are projected to create a positive outlook for market growth in the next coming years.
Companies Dominating the Hydronic Underfloor Heating Landscape
- Innovex Downhole Solutions, Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Honeywell International Inc.
- Uponor Oyj
- Amuheat Pty Limited
- The REHAU Group
- Mitsubishi Electric Corporation
- Robert Bosch GmbH
- Danfoss
- Daikin Industries, Ltd.
- Hurlcon Hydronic Heating
In the News
- nVent Electric plc has announced the introduction of new features which include advanced work packaging and heat mapping capabilities. for nVent RAYCHEM TracerLynx electric heat tracing (EHT) design software. It is also estimated to reduce total installed and power distribution costs.
- Honeywell International Inc. along with DunAn Environment Co., Ltd. has agreed to facilitate the adoption of the non-flammable, low-GWP refrigerant Solstice N41 for the HVAC industry. Solstice N14 is an effective substitution for R-410A in static air conditioning systems, with global warming mitigation at almost 65%.
Author Credits: Dhruv Bhatia
- Report ID: 5046
- Published Date: Dec 06, 2024
- Report Format: PDF, PPT
