Residential Underfloor Heating Actuator Market Size & Share, by Product (Thermal, Motoric)-Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5984
  • Published Date: Apr 03, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

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.


Residential Underfloor Heating Actuator
Get more information on this report: Request Free Sample PDF

Residential Underfloor Heating Actuator Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Deployment of IoT in Underfloor Heating Actuator -The Internet of Things (IoT) is observing significant growth in its adoption by various industries, owing to technological advancements and the growing need for instant insights regarding activities. As a result, its adoption is also set to rise in underfloor heating actuators. This is because the need to control the system remotely and monitor their underfloor heating systems is growing.
  • Further, the IoT has made monitoring possible through various gadgets, including tablets, smartphones, and more. Owing to this favorable access to scheduling, temperature settings, and real-time energy usage monitoring. For instance, smart thermostats and sensors could be integrated to collect real-time humidity, temperature, and occupancy data. Furthermore, loT-enabled underfloor heating actuators also enable energy optimization through advanced algorithms. Hence, energy waste is reduced with the deployment of this solution. As a result, IoT technology in underfloor heating systems made collecting and analyzing data efficient.
  • Surge in the Trend of Smart Homes - Populations across the globe are extensively driving towards aesthetic home interiors with smart display, which is why their preference for smart homes is growing. Furthermore, conventional home automation systems offered a modest level of connectivity, in which consumers could only utilize operating systems. However, with the trend towards smart home technology, a whole new set of opportunities has been created. One such opportunity includes energy sustainability. The growing need for human beings to perform day-to-day activities has caused a substantial increase in carbon emissions, resulting in global warming. The careless use of electricity is one of the main causes of global warming. As a result, the adoption of underfloor heating actuators is set to rise to encourage the adoption of smart homes.
  • Growing Integration of Renewable Energy for Underfloor Heating Actuator - With the growing awareness among people regarding the consequences of utilizing fossil fuels on the environment, their demand for renewable energy is growing. For instance, over 74% of energy-related emissions could be reduced with the utilization of renewable energy. Hence, the utilization of renewable energy in underfloor heating actuators is also set to rise.

Challenges

  • High Cost of Installing Residential Underflow Heating Actuator
  • In contrast to conventional heating methods, the initial cost of installing an underfloor heating actuator is higher since it involves a complex installation process. Moreover, the requirement for specific components, including pipes, heating cables, insulation materials, and more, is high in underfloor heating actuators. Hence, this further makes the installation process more difficult. Additionally, the cost of maintaining an underfloor heating actuator is also high because specialized technicians are required to carry out the operation. As a result, the residential underfloor heating actuator market is set to hinder revenue growth over the coming years.
  • Limited Availability of Limited Size & Shape
  • Growing Risk of Cyber Attack

Residential Underfloor Heating Actuator Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~5%

Base Year Market Size (2023)

~ USD 1 Billion

Forecast Year Market Size (2036)

~ USD 5 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Residential Underfloor Heating Actuator Segmentation

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:

     Product

  • Thermal
  • Motoric

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Residential Underfloor Heating Actuator Industry - Regional Synopsis

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.

Research Nester
Residential Underfloor Heating Actuator size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Residential Underfloor Heating Actuator Landscape

top-features-companies
    • Siemens
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Schneider Electric
    • Danfoss
    • Honeywell International Inc.
    • IMI plc
    • Sauter AG
    • Emmeti
    • REHAU Group
    • Uponor
    • Belimo Holding AG

In-the-news

In The News

  • The range of SSA actuators for small valves has been upgraded by Siemens Smart Infrastructure by adding novel features for more energy efficient and versatile hydronic room applications.
  • The leader in the digital transformation of energy management and automation, Schneider Electric, and Samridhi Group Pvt. Ltd., announced the signing of a Memorandum of Understanding (MoU) to encourage sustainable and technologically advanced smart home solutions. 

Author Credits:  Rushikesh, Richa Gupta


  • Report ID: 5984
  • Published Date: Apr 03, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growing deployment of IoT in underfloor heating actuator, surge in trend of smart homes, and growing integration of renewable energy for underfloor heating actuator.

The market size of residential underfloor heating actuator is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market are Siemens, Schneider Electric, Danfoss, Honeywell International Inc., and others.

The thermal segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Europe region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Residential Underfloor Heating Actuator Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying