The hydronic underfloor heating market size is projected to cross US$ 4,390.4 million in 2023 and is estimated to attain a valuation of US$ 8,012.2 million by 2033. The hydronic underfloor heating market share is expected to thrive at a CAGR of 6.2% from 2023 to 2033.
Hydronic underfloor heating systems are renowned for being energy-efficient. They function by pumping warm water via pipes buried in the floor, which distributes heat equally across the space. Because it reduces temperature stratification in the room and prevents heat loss through ducts, this heating technology is more effective than conventional forced-air systems. Consumer interest in hydronic underfloor heating is rising as awareness of energy efficiency and sustainable living increases. This rising inclination is promoting market growth significantly.
Hydronic underfloor heating systems are increasingly being used in both new construction and retrofit projects, which is a key factor driving the market rise. Builders, builders, and homeowners are beginning to acknowledge the value and long-term advantages of this heating alternative, which is increasing demand for and supply of such systems in the market. Furthermore, improvements in installation methods, control systems, and materials have made retrofitting simpler and more affordable, enticing current homeowners to consider replacing their heating systems.
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Hydronic underfloor heating systems provide design freedom since they reside underneath the floor surface. Due to the absence of radiators or other visible heating components, homeowners and architects are given greater authority when designing interior spaces. Hydronic underfloor heating offers a practical heating solution while retaining a neat and uncluttered look, which is becoming increasingly popular with open-concept layouts and minimalist design trends.
The hydronic underfloor heating market is growing due to the increasing popularity of smart homes and home automation. These systems are simple to integrate with smart home technologies, enabling consumers to remotely manage and check on their heating using voice assistants or smartphone applications. Consumers that are into technology find hydronic underfloor heating systems more enticing due to the ease, energy management tools, and customization choices provided by smart home connectivity.
Key Takeaways from Hydronic Underfloor Heating Market:
- In 2018, the global market size stood at US$ 3,701.6 million.
- The market expanded at a CAGR of 3.5% from 2018 to 2022.
- In 2022, the global market size stood at US$ 4,243.1 million.
- The United States captured 21.0% of global market shares in 2022.
- India captured 7.2% of global market shares in 2022.
- China captured 6.9% of global market shares in 2022.
- The United Kingdom captured 5.5% of global market shares in 2022.
- The residential segment under application captured 34.2% of global market shares in 2022.
- The new installations segment acquired 56.2% of global market shares in 2022.
Recent Developments Observed by FMI:
- In October 2022, Warmup unveiled a low-profile hydronic underfloor heating series. Warmup seeks to enhance and simplify the underfloor heating specification process.
- Advanced work packing and heat mapping features were added to AnVent Electric plc’s software in November 2021. It launched software with integrated heat management system (HMS) design capabilities incorporating the client’s 3D plant modeling systems.
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