Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 318.29 Million | USD 477.1 Million | 4.6% | 2023 |
According to the report published by Zion Market Research, the global Underfloor Heating Actuator Market size was valued at USD 318.29 Million in 2023 and is predicted to reach USD 477.1 Million by the end of 2032. The market is expected to grow with a CAGR of 4.6% during the forecast period. The report analyzes the global Underfloor Heating Actuator Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Underfloor Heating Actuator industry.
An underfloor heating (UFH) actuator is a crucial component of underfloor heating systems as they can significantly improve its performance and life span. The actuator functions as a door that opens and closes to let the water flow through each circuit. Primarily used in a room thermostat, this device allows for an automatic shut-off of the system fluid.
Thermostatic actuators are utilized for remotely controlling the heating circuits of an advanced underfloor heating manifold. Installation of a superior quality actuator can ensure that the thermostat, the most crucial component of the underfloor heating solutions, functions in an optimal condition. The global underfloor heating actuators market outlook has been witnessing the launch of next-generation actuators that provide high reliability, sustainable designs, and high protection against dust ingress.
The growth in the demand for electro-hydraulic (EHA) actuators and electro-mechanical (EMA) actuators has been reinforcing the advancement of the global underfloor heating actuator market size. The advantages of these devices include on-demand energy utilization, plug & run feature that reduces installation & commissioning time, and reduction of life cycle costs. The shift toward sustainable heating solutions has brought about the development of actuators that feature minimal carbon footprint.
The global underfloor heating actuator market is set to benefit from the growing number sports halls and industrial halls as these actuators are being deployed in these large-sized facilities for even heating during harsh winters. As the requirement of these actuators for reducing downtime and boosting production across industrial facilities and manufacturing units rises, the market should prosper at a stable pace.
The expansion of the hydraulics industry has been lending a hand to the growth of the global underfloor heating actuators market share. Since every floor heating system necessitates a different setup, several manufacturers are also offering components based on the customer requirements with a view to provide the most suitable manifolds and actuators for the application.
The global underfloor heating actuator market can be segregated by product, by application, and by region.
On the basis of product, the global underfloor heating actuator market has been bifurcated as motoric and thermal.
Based on application, the global underfloor heating actuator market can be differentiated into commercial, residential, and industrial.
The residential sector is likely to account for the maximum share of the global underfloor heating actuators market through the forecast timeframe, owing to the high degree of comfort assured by advanced room controls for UFH systems. The need to comply with government mandates has led to the deployment of energy efficient actuators that can significantly bring down energy costs by reducing energy consumption.
Report Attributes | Report Details |
---|---|
Report Name | Underfloor Heating Actuator Market |
Market Size in 2023 | USD 318.29 Million |
Market Forecast in 2032 | USD 477.1 Million |
Growth Rate | CAGR of 4.6% |
Number of Pages | 205 |
Key Companies Covered | Uponor Corporation, Honeywell International, Polypipe, Siemens, Oventrop, Warmup, Danfoss, Eberle Controls, Möhlenhoff GmbH, Schluter-Systems Ltd., Heat miser, and Hunt Heating |
Segments Covered | By product, By application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The UFH actuators market in North America is expected to gain substantially in terms of revenue, owing to the surging demand for these heating solutions from the residential sector. The multiple benefits offered by the contemporary designs of these systems have been gaining popularity due to the renovation and refurbishment activities in the region. The government has also been fostering the demand for energy efficient underfloor heating actuators via tax credit facilities.
The U.S., closely followed by Canada, is expected to accrue a considerable share, boosting the overall global underfloor heating actuators market share. The prominence of the region can be attributed to the increasingly stringent regulatory directives, alongside the growing tendency to spend leniently on home designing and décor.
Asia Pacific market for underfloor heating actuators has been displaying a rising curve in the recent times and is certain to grow at a high CAGR through 2026. The increased focus toward the adoption of eco-friendly heating systems with low carbon footprint has been spurring the growth of the regional market. The global underfloor heating actuators market share from this segment is likely to expand on account of the robust commercialization, high rate of industrialization, and the adoption of latest technologies across the region.
The players dominating the global underfloor heating actuator market are implementing growth strategies such as product development, bringing out newer designs, and reducing overall system expenses. This factor will reinforce the demand for underfloor heating actuators in the forecast timeline.
are some of the prominent companies leveraging the expansion of the global underfloor heating actuator market.
The Global Underfloor Heating Actuator Market is segmented as follows:
By product
By application
What Reports Provides
FrequentlyAsked Questions
The growth in the demand for electro-hydraulic (EHA) actuators and electro-mechanical (EMA) actuators has been reinforcing the advancement of the global underfloor heating actuator market size. The advantages of these devices include on-demand energy utilization, plug & run feature that reduces installation & commissioning time, and reduction of life cycle costs. The shift toward sustainable heating solutions has brought about the development of actuators that feature minimal carbon footprint.
The UFH actuators market in North America is expected to gain substantially in terms of revenue, owing to the surging demand for these heating solutions from the residential sector. The multiple benefits offered by the contemporary designs of these systems have been gaining popularity due to the renovation and refurbishment activities in the region.
Uponor Corporation, Honeywell International, Polypipe, Siemens, Oventrop, Warmup, Danfoss, Eberle Controls, Möhlenhoff GmbH, Schluter-Systems Ltd., Heat miser, and Hunt Heating are some of the prominent companies leveraging the expansion of the global underfloor heating actuator market.
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