Hydronic Underfloor Heating Market to Grow with a CAGR of 6.19% through 2028
Growing
popularity of smart homes and rising demand for energy-efficient heating
solutions are likely to drive the market in the forecast period.
According to
TechSci Research report, “Hydronic Underfloor Heating Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2028”,
the Global Hydronic Underfloor Heating Market stood at USD 8.08 billion in 2022
and is anticipated to grow with a CAGR of 6.19% in the forecast period. One of
the primary drivers fueling the growth of the global Hydronic Underfloor
Heating Market is its remarkable energy efficiency, which leads to substantial
cost savings for both residential and commercial users. Unlike traditional
forced-air heating systems, hydronic underfloor heating systems distribute heat
evenly across floors, minimizing heat loss and optimizing energy utilization.
This efficiency translates into lower energy bills, making it an attractive
choice for environmentally-conscious consumers and businesses looking to reduce
their carbon footprint and operating costs. Hydronic underfloor heating systems
are particularly efficient because they operate at lower water temperatures
than conventional radiators, which require higher temperatures to heat a space
adequately. The lower operating temperatures also enable integration with
renewable energy sources like solar panels or heat pumps, further enhancing
their energy efficiency and reducing dependency on fossil fuels. As governments
and organizations worldwide prioritize energy conservation and greenhouse gas
reduction, the demand for energy-efficient heating solutions like hydronic
underfloor heating continues to rise, driving growth in the market.
The
global Hydronic Underfloor Heating Market is also experiencing growth due to
the increasing demand for superior comfort and aesthetics in residential and
commercial spaces. Traditional heating systems often result in uneven heating
distribution, leading to cold spots and discomfort in buildings. In contrast,
hydronic underfloor heating provides a consistent and gentle heat across the
entire floor surface, eliminating temperature variations and ensuring a cozy
and comfortable environment. Furthermore, this heating method offers aesthetic
benefits by eliminating the need for visible radiators or baseboard heaters,
which can disrupt interior design and limit furniture placement. Hydronic
underfloor heating operates silently and discreetly beneath the floor, allowing
for greater design flexibility and maximizing the use of space. Architects,
interior designers, and homeowners increasingly recognize the value of hydronic
underfloor heating in creating aesthetically pleasing, functional, and
comfortable living and working environments. This demand for improved indoor
comfort and design flexibility is propelling the adoption of hydronic
underfloor heating systems, making it a key driver in the global market's
expansion.
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The Global Hydronic
Underfloor Heating Market is segmented into facility, application and region. Based
on the facility, The Existing Buildings segment had the largest market share in
2022 & expected to maintain it in the forecast period. Existing buildings
represent a vast market because there are already numerous homes, commercial
spaces, and other structures in place. Many of these buildings were constructed
with older, less energy-efficient heating systems. Property owners, including
homeowners and commercial building managers, often seek cost-effective ways to
upgrade their heating systems without the need for extensive construction or
new builds. Hydronic underfloor heating systems offer an attractive retrofit
solution because they can be installed without major disruptions to the
existing structure. As energy efficiency becomes increasingly important for
reducing utility bills and environmental impact, property owners of existing
buildings are motivated to switch to more efficient heating solutions. Hydronic
underfloor heating is known for its efficiency and ability to evenly distribute
heat, which can lead to significant energy savings over time. This appeals to
existing building owners looking to reduce operating costs and make their
properties more sustainable. Hydronic underfloor heating provides superior
comfort and aesthetic advantages over traditional heating systems. Retrofitting
older buildings with these systems can enhance the overall living or working
experience for occupants. The elimination of visible radiators or baseboard
heaters creates more design flexibility and a cleaner, clutter-free look in
interior spaces.
Based on application,
The Residential segment had the largest market share in 2022 and is projected
to experience rapid growth during the forecast period. Comfort and aesthetics
are top priorities for homeowners. Hydronic underfloor heating provides an
exceptionally comfortable indoor environment by evenly distributing heat
throughout the floors. This eliminates cold spots and creates a cozy atmosphere
throughout the entire living space. Additionally, the absence of visible
radiators or baseboard heaters enhances interior design possibilities, making
it a favored choice among homeowners seeking both comfort and aesthetics.
Energy efficiency is a key consideration for homeowners looking to reduce
energy consumption and lower utility bills. Hydronic underfloor heating systems
are renowned for their efficiency. They operate at lower water temperatures
than traditional radiators, which means they require less energy to maintain
comfortable indoor temperatures. Over time, this can result in substantial cost
savings for homeowners, especially in regions with cold winters. Hydronic
underfloor heating systems have become more accessible and affordable for
residential applications over the years. Homeowners have the option to retrofit
their existing homes with these systems without major disruptions or extensive
construction. Retrofitting appeals to those looking to upgrade their heating
systems while retaining their current residences. As awareness of the benefits
of hydronic underfloor heating has grown, it has gained popularity among
homeowners. They recognize the advantages of this technology, such as energy
efficiency, improved comfort, and design flexibility, leading to a higher
adoption rate in residential settings.
Major companies
operating in the Global Hydronic Underfloor Heating Market are:
- Uponor Corporation
- Rehau AG
- Warmup Plc
- Daikin Industries Ltd
- Viega LLC
- Honeywell International Inc.
- Amuheat
- REHAU AG
- Eberle by Schneider Electric
- Mitsubishi Electric Corporation
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“The Global Hydronic
Underfloor Heating market is expected to rise in the upcoming years and
register a significant CAGR during the forecast period. The increasing demand
for low-cost heating solutions, combined with government incentives and support
for adopting hydronic underfloor heating, will shape the market opportunities
for hydronic underfloor heating. Hydronic underfloor heating is a highly
energy-efficient heating system that can save up to 30% on energy costs
compared to traditional heating systems. This is due to the fact that hydronic
underfloor heating heats the entire floor, which helps to distribute heat
evenly throughout the room. Smart homes are becoming increasingly popular, and
hydronic underfloor heating is a perfect fit for these homes. Hydronic
underfloor heating can be easily integrated with smart home automation systems,
which allows homeowners to control the heating system remotely or according to
a pre-set schedule. Additionally, Many governments are offering incentives and
support for the adoption of hydronic underfloor heating. For example, the US
government offers a tax credit of up to 30% for the installation of hydronic
underfloor heating in new homes. Therefore, the market of Hydronic Underfloor
Heating is expected to boost in the upcoming years.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Hydronic
Underfloor Heating Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2018-2028 Segmented By Facility (Existing Buildings, New
Buildings), By Application (Residential (Single Family, Multi Family),
Commercial (Education, Healthcare, Retail, Transportation, Office,
Hospitality)), By Region, By Competition”, has evaluated
the future growth potential of Global Hydronic Underfloor Heating Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision-makers make sound investment decisions., The report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Global Hydronic Underfloor Heating Market.
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