Hydronic Underfloor Heating Market Share

North American Market Forecast

The North America hydronic underfloor heating market is projected to be the largest with a share of about 35% by the end of the forecast period, 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.

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 Share