Hydronic Underfloor Heating Market Analysis

Hydronic Underfloor Heating Market Analysis

The market for new buildings is estimated to observe around 6% gains through 2030. Rapid development & urbanization especially in developing economies including China & India have led to a surge in the construction industry expansion, thereby increasing product acceptance
 

The presence of desert & semi-desert climatic situations in several countries is expected to have a positive impact on the business outlook as the technology has a wide array of applications during night-time. Also, the increasing deployment of the Internet of Things (IoT) enables heating systems to cater to smart homes, which will further augment the hydronic underfloor heating market growth.
 

The residential application is projected to hold a significant share across the industry owing to an increasing focus on demand-based heating solutions. The product outlasts heating systems based on other combustion-based system together with offering efficient heating to buildings cost-effectively will bolster its usage for the residential applications. The key players focus on product innovations and increasing production capabilities, fostering the hydronic underfloor heating market expansion.
 

The hydronic underfloor heating market in Europe is predicted to exceed USD 3.5 billion by 2030. Various factors including increasing extreme climatic conditions in line with the growing need for space heating in countries including the UK, Germany, and Italy, among others are augmenting the industry dynamics.
 

In Europe, most heated buildings depend on water to distribute heat in various rooms. As per the European commission climate-neutral future report 2020, water-based or hydronic heat emitters including convectors, radiators, and surface heating & cooling can be found across 130 million European buildings. This will result in decreasing energy costs, thereby adding to the reduction of carbon emissions.
 

Product features and its integration in a wide range of heat pumps including ground/geothermal heat pumps and water source heat pumps, among others offer promising results for space heating. Furthermore, financial incentives & rebate programs merged with government guidelines to promote the establishment of net zero-emission buildings will influence hydronic underfloor heating market demand globally.
 

The COVID-19 pandemic has caused an economic crisis in various regions & countries, causing a delay in commercial businesses worldwide. However, the condition elevated in 2021 after relaxations in the lockdown and recreational activities & building operations resumed post-mandatory vaccination drives. Additionally, the resumption of new building construction post-pandemic and recovery in the construction industry will increase product penetration in new buildings.