Global Underfloor Heating Actuator Market Size By Product (Thermal, Motoric), By Application (Residential, Commercial, Industrial), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), And Segment Forecasts, By Geographic Scope And Forecast to 2033

Industry: Machinery & Equipment

RELEASE DATE May 2024
REPORT ID SI4327
PAGES 200
REPORT FORMAT PathSoft

Global Underfloor Heating Actuator Market Insights Forecasts to 2033

  • The Global Underfloor Heating Actuator Market Size was valued at USD 1.6 Billion in 2023
  • The Market size is Growing at a CAGR of 13.55% from 2023 to 2033
  • The Worldwide Underfloor Heating Actuator Market Size is Expected to reach USD 5.7 Billion By 2033
  • Asia Pacific is expected to Grow the fastest during the forecast period

 

Global Underfloor Heating Actuator Market

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The Global Underfloor Heating Actuator Market Size is Expected To reach USD 5.7 Billion By 2033, at a CAGR of 13.55% during the forecast period 2023 to 2033.

 

The underfloor heating actuator market is a segment of the heating industry that focuses on actuators designed exclusively for underfloor heating systems. Underfloor heating systems are gaining popularity in both residential and commercial buildings due to their energy efficiency and comfort benefits. Actuators control the flow of hot water through pipes embedded in the floor, making them critical components of underfloor heating systems. These actuators are usually motorised valves or motorised ball valves that open and close to control the temperature in various areas of the building. They use thermostats or smart home devices to keep the indoor temperature comfortable.

 

Global Underfloor Heating Actuator Market Value Chain Analysis

The underfloor heating actuator market's value chain encompasses raw material suppliers providing essential components for manufacturers to produce actuators. These actuators are then distributed through various channels to end-users, who integrate them into underfloor heating systems in residential and commercial buildings. Installation and integration are facilitated by HVAC professionals, with after-sales service and support offered to ensure customer satisfaction. Throughout this process, feedback loops inform product development and quality improvements, enabling companies to adapt to customer needs and market demands effectively.

 

Global Underfloor Heating Actuator Market Opportunity Analysis

Underfloor heating systems are becoming more popular as people become more aware of the importance of energy conservation and sustainable heating options. Actuators play an important role in controlling these systems, which drives demand. The growing tendency of upgrading older buildings with underfloor heating systems opens up a profitable market for actuators. Actuators are critical components in these projects because they ensure efficient and precise control of heating zones. Underfloor heating systems are becoming increasingly popular in both residential and commercial buildings due to its comfort, space-saving design, and equal heat distribution. This expands the market potential for actuators designed for different building kinds and sizes. Emerging economies are seeing fast urbanisation and infrastructure development, resulting in increased adoption of sophisticated heating systems.

 

Global Underfloor Heating Actuator Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023 :USD 1.6 Billion
Forecast Period:2023 – 2033
Forecast Period CAGR 2023 – 2033 :13.55%
023 – 2033 Value Projection:USD 5.7 Billion
Historical Data for:2019 - 2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Product, By Application, By Region, By Geographic
Companies covered:: Danfoss, Eberle (Schneider Electric), Heatmiser, Honeywell International, Hunt Heating, Mohlenhoff GmbH, Polypipe, Schlüter-Systems Ltd, Warmup, Siemens, Shanghai SMLG Thermostatic Technology, and other key vendors
Pitfalls & Challenges:Covid-19 Impact, Challenge, Future,Growth and Analysis

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Market Dynamics

Underfloor Heating Actuator Market Dynamics

 

Increasing urbanization and commercialization to boost the market growth

Rapid urbanisation around the world is causing a spike in construction activity, particularly in metropolitan locations where space optimisation is critical. Underfloor heating systems, which provide effective space heating without the use of cumbersome radiators, are gaining popularity in both residential and commercial settings. The growth of commercial spaces such as office buildings, shopping malls, hotels, and hospitals is pushing up demand for efficient heating systems. Underfloor heating systems, when combined with modern actuators, provide accurate temperature control and zoning capabilities, making them perfect for commercial applications where different regions require varying heating levels. The urbanisation trend is especially prominent in emerging nations where fast industrialization and urban growth are taking place. As these economies develop, there is a greater need for modern infrastructure.

 

Restraints & Challenges

Underfloor heating systems, including actuators, sometimes have a higher initial investment than typical heating systems like radiators. The initial costs of purchasing and installing underfloor heating systems may deter some customers, particularly in areas where cost is a significant factor. Retrofitting underfloor heating systems into existing buildings can be difficult and expensive, particularly in constructions with limited access to the basement or where extensive repairs are necessary. The intricacy of installation may impede uptake, especially in older buildings or those with structural constraints. Radiators and forced-air heating systems are still widely used in various markets. Convincing customers and companies to migrate to underfloor heating systems, despite their benefits, can be difficult due to established preferences and familiarity with current technologies.

 

Regional Forecasts

North America Market Statistics

 

Global Underfloor Heating Actuator Market

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North America is anticipated to dominate the Underfloor Heating Actuator Market from 2023 to 2033. With greater awareness of energy efficiency and sustainability, there is a growing demand for underfloor heating systems in residential, commercial, and industrial buildings across North America. Actuators are critical to improving the performance and energy efficiency of these systems. North America has a substantial rehabilitation and retrofitting sector, with many older buildings being modified to increase energy efficiency and comfort. Underfloor heating systems, powered by innovative actuators, are increasingly being implemented in these projects, fueling market expansion. The North American market is diversified, with residential, commercial, and industrial sectors each having unique heating requirements. Actuator manufacturers can design their products and marketing methods to specific markets, such as single-family homes, multi-family residences, office buildings, retail spaces, healthcare facilities, and educational institutions.

 

Asia Pacific Market Statistics

Asia Pacific is witnessing the fastest market growth between 2023 to 2033. The Asia Pacific region is rapidly urbanising, accompanied by an increase in construction activities. As urban populations grow and cities develop, there is a greater demand for contemporary heating systems in residential, commercial, and industrial buildings. Underfloor heating systems, powered by modern actuators, provide space-saving, energy-efficient heating choices that are ideal for the region's urbanisation tendencies. With growing worries about energy consumption and environmental sustainability, Asia Pacific countries are putting more focus on energy-efficient building techniques and green technologies. Underfloor heating systems, when combined with efficient actuators, can assist reduce energy consumption and carbon emissions, in line with government programmes and industry trends that promote sustainability.

 

Segmentation Analysis

Insights by Product

The thermal segment accounted for the largest market share over the forecast period 2023 to 2033. Thermal actuators regulate the flow of hot water or electric currents in underfloor heating systems, resulting in optimal temperature control and energy efficiency. As consumers, businesses, and governments throughout the world prioritise energy saving, there will be a greater need for thermal actuators that improve the performance of underfloor heating systems. Underfloor heating systems are becoming increasingly popular worldwide due to their energy-efficient operation, comfort benefits, and space-saving design. As more residential, commercial, and industrial buildings use underfloor heating, there will be a greater demand for thermal actuators with precise temperature control and zoning capabilities.

 

Insights by Application

The commercial segment is dominating the market with the largest market share over the forecast period 2023 to 2033. Offices, retail spaces, hotels, and healthcare facilities are examples of commercial structures that prioritise human comfort and energy efficiency. Underfloor heating systems, controlled by modern actuators, provide uniform heating, zoning capabilities, and energy economy, making them more appealing for commercial applications. Sustainable building methods and green technologies are becoming increasingly important in the business sector. Underfloor heating systems, which are powered by efficient actuators, align with these sustainability goals by lowering energy usage and carbon emissions as compared to traditional heating techniques, resulting in increased adoption in commercial buildings. Office buildings, retail spaces, the hotel industry, healthcare facilities, educational institutions, and cultural centres are just a few of the commercial areas where underfloor heating actuator demand is high.

 

 Recent Market Developments

  • In June 2023, Ambiente introduced new products, including AmbiEgo, an intelligent self-balancing actuator that supports cooling and heating circuits.

 

Competitive Landscape

Major players in the market

  • Danfoss
  • Eberle (Schneider Electric)
  • Heatmiser
  • Honeywell International
  • Hunt Heating
  • Mohlenhoff GmbH
  • Polypipe
  • Schlüter-Systems Ltd
  • Warmup
  • Siemens
  • Shanghai SMLG Thermostatic Technology

 

Market Segmentation

This study forecasts revenue at global, regional, and country levels from 2023 to 2033.

 

Global Underfloor Heating Actuator Market, Product Analysis

  • Thermal
  • Motoric

 

Global Underfloor Heating Actuator Market, Application Analysis

  • Residential
  • Commercial
  • Industrial

 

Global Underfloor Heating Actuator Market, Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions (FAQ)

  • 1. What is the market size of the Underfloor Heating Actuator Market?
    The global Underfloor Heating Actuator Market is expected to grow from USD 1.6 billion in 2023 to USD 5.7 billion by 2033, at a CAGR of 13.55% during the forecast period 2023-2033.
  • 2. Who are the key market players of the Underfloor Heating Actuator Market?
    Some of the key market players of the market are Danfoss, Eberle (Schneider Electric), Heatmiser, Honeywell International, Hunt Heating, Mohlenhoff GmbH, Polypipe, Schlüter-Systems Ltd, Warmup, Siemens, Shanghai SMLG Thermostatic Technology.
  • 3. Which segment holds the largest market share?
    The commercial segment holds the largest market share and is going to continue its dominance.
  • 4. Which region is dominating the Underfloor Heating Actuator Market?
    North America is dominating the Underfloor Heating Actuator Market with the highest market share.

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