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Hydronic Underfloor Heating Market worth $7 Bn by 2030

  • Published Date: June 21, 2022

Hydronic Underfloor Heating Market size is projected to cross USD 7 billion by 2030, as reported in the latest study by Global Market Insights Inc.

Governmental measures to curb carbon emissions & GHG

Ongoing measures toward energy conservation and increasing standards for energy-efficient systems is likely to drive the industry growth. Comfort, cost efficiency, product equivalence with other heat sources, and minimal design considerations are propelling the industry landscape. Substantial economic transformation owing to the rapid commercialization & industrialization will positively stimulate the hydronic underfloor heating market revenue.

Rising usage of cost-effective heating technologies and increasing infrastructure developments

The commercial hydronic underfloor heating industry is predicted to grow at a rate of over 6% through 2030. Product applications in healthcare in line with the growing requirement for space heating in the hospitality sector will complement product demand. The execution of regulatory codes & standards favoring green building infrastructures coupled with the trend to reduce energy bills will further encourage product deployment across commercial applications. For instance, in April 2022, Germany unveiled its new plan to accelerate the transition toward clean energy technologies from previous green energy standards. It included a shift from 65% to 80% of the total energy mix to green energy by 2030.

Browse key industry insights spread across 280 pages with 517 market data tables & 29 figures & charts from the report, “Hydronic Underfloor Heating Market Size By Facility (New Buildings, Retrofit), By Application (Residential {Single Family, Multi Family}, Industrial, Commercial {Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality}), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 - 2030”, in detail along with the table of contents:

Rising investments in the commercial sector in APAC

The Asia Pacific hydronic underfloor heating market is anticipated to witness 6% gains from 2022 to 2030. Efforts to improve indoor air quality combined with minimizing energy bills & greenhouse gases are primary industry driving factors. Moreover, rising private & government investments in construction applications to encourage the adoption of improved & energy-efficient technologies will complement the business outlook.

COVID-19 had a serious impact on the commercial hydronic underfloor heating industry due to the global closure of manufacturing industries. Components used in the underfloor heating system including heating panels faced supply chain disruptions as cross-state & country trade was on halt by strict lockdown measures. However, the global economy has started to recover from the slump, thereby offering a positive outlook for the market.

Key participants actively participating across the hydronic underfloor heating market consists of Daikin, Mitsubishi Electric Corporation, REHAU AG, Schluter Systems, Robert Bosch GmbH, Amuheat, Uponor Corporation, H2O Heating Pty Ltd., Warmup, Eberle by Schneider Electric, Honeywell International, Inc., Hurlcon Hydronic Heating, Hunt Heating, Warmboard, Inc., Polypipe, and Danfoss.

Authors: Ankit Gupta, Divyendu Sharma