Hydronic Underfloor Heating Market Analysis

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 2035. 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:

Facility

New Buildings
Retrofit

Application

Residential

Single Family
Multi-Family

Industrial
Commercial

Education
Healthcare
Retail
Transportation
Offices
Hospitality

Frequently Asked Questions (FAQ)

Increasing demand for advanced home appliances for automatic heating of rooms and spaces along with the rising living standard are considered to be major factors contributing to market size expansion.

The market size of hydronic underfloor heating is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023 â€“ 2035.

The major players in the market are Innovex Downhole Solutions, Inc., Honeywell International Inc., Uponor Oyj, Amuheat Pty Limited, The REHAU Group, Mitsubishi Electric Corporation, Robert Bosch GmbH, Danfoss, Daikin Industries, Ltd., Hurlcon Hydronic Heating, and other key players.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by facility, application, and by region.

The residential segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

Rising concerns regarding the requirement of high initial investment along with the easy availability of cost-effective alternatives and the complex design of the heating system are estimated to be the growth-hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

Hydronic Underfloor Heating Market Analysis