Residential Underfloor Heating Actuator Market size is expected to reach USD 5 billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of residential underfloor heating actuator was USD 1 billion. The major factor dominating the growth of the market is growing construction activities. Approximately 794,431 built-up areas (BUAs) were there in 2016. By 2022, it is projected that this number is set to rise by over 849,406 residents. Additionally, close to 2 million buildings are predicted to be constructed by 2050. Hence, the demand for residential underfloor heating actuators is predicted to grow.
Moreover, governments around the world are launching various initiatives and stringent regulations to reduce emissions from the construction sector and encourage the trend towards green building construction. As a result, the adoption of residential underfloor heating actuators is predicted to rise. This is because this solution functions at low temperatures, further demanding less energy to operate, hence encouraging energy savings. Therefore, this is predicted to reduce carbon footprints, which is why underfloor heating is considered a greener alternative.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~5% |
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Base Year Market Size (2023) |
~ USD 1 Billion |
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Forecast Year Market Size (2036) |
~ USD 5 Billion |
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Regional Scope |
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Product (Thermal, Motoric)
The thermal segment is predicted to account for 60% share of the residential underfloor heating actuator market during the forecast period. This growth of the segment is set to be influenced by growing consumers prioritizing efficient and accurate solutions for heating. Thermal actuators play a prominent role in ensuring responsive and energy-efficient temperature regulation, along with optimizing underfloor heating systems. These actuators increase the capabilities of thermal sensing, reacting to changes in temperature, and boosting overall comfort at home. Furthermore, as sustainable practices gain importance, the segment is experiencing a surge in demand for thermal products that are associated with energy conservation. Additionally, manufacturers are also producing innovative products and launching cutting-edge thermal actuators. Hence, this factor might drive segment growth, further boosting residential underfloor heating actuator market demand.
Product (Thermal, Motoric)
The motoric segment in residential underfloor heating actuator market is also estimated to experience notable growth in the revenue during the forecast period. This growth in the segment is set to be dominated by rising investment in green building construction. Investment needed for constructing green buildings is set to amount to over USD 2 trillion by the next decade in emerging markets. Moreover, motoric actuators are also projected to grow on account of their use in thermally independent actuating devices. Furthermore, the growing preference for motorized underfloor heating systems is poised to be dominated by their ability to offer higher strokes, higher actuating force, and quiet operation. It is also estimated to be used significantly in building automation applications. Hence, the residential underfloor heating actuator market is projected to surge.
Our in-depth analysis of the global market includes the following segments:
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Product |
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European Market Forecast
The Europe market for residential underfloor heating actuators is set to gather the highest market share of over 30% over the coming years. This growth of the market is poised to be encouraged by rising disposable income in this region. For instance, as a result, a large number of people are estimated to invest in resident renovation projects in this region. As a result, a large number of people are estimated to invest in resident renovation projects in this region. Furthermore, this region is also experiencing growth in its investment in advanced technologies, which is also estimated to influence market demand. Moreover, there have been increasing R&D activities in this region, which have further influenced the market leaders in transforming the component modular structure, thereby easing the customization of products according to the preferences of the customer.
APAC Market Analysis
The Asia Pacific market for residential underfloor heating actuator is also projected to experience growth in the market over the coming years. This growth of the market is set to be encouraged by a rising population, which is further estimated to influence the construction of residential buildings. Furthermore, the region is experiencing significant cost reductions for the production and installation of underfloor heating actuators, which are further driven by economies of scale and growing competition, hence making these solutions more affordable and accessible. Additionally, a large number of people in this region are shifting to cities. Hence, the standard of living of the people has risen notably in this region. Therefore, this factor is also predicted to dominate the growth of the market in this region over the coming years.
Author Credits: Rushikesh, Richa Gupta
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