Underfloor Heating Actuator Market Trends, Reginal Opportunities & Growth Outlook 2023-2027
Rising consumer awareness toward energy conservation along with increasing adoption of clean energy sources is set to drive underfloor heating actuator business landscape. Rising product advancement including the integration of modern features combined with declining component and installation cost is supporting product adoption. The key players operating in the underfloor heating actuator market include Uponor, Eberle Controls, Danfoss, Oventrop, Honeywell International, and Möhlenhoff among others.
Latest product developments, business expansion, and the introduction of new technologies by the leading players are expected to enhance product acceptance. Manufacturers are continuously strategizing up and are taking major steps including mergers and acquisitions, joint ventures along with various technology providers suitable to support business expansion, meet customer requirements and stay ahead in competition.
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According to GMI, the underfloor heating actuator market is set to witness a yearly installation of more than 27 million units by 2027.
However, COVID-19 pandemic has impacted several businesses which have directly affected global economies. Industries comprising of construction, manufacturing, and others are the major hit sectors. Global manufacturers are facing issues related to resuming production facilities because of a shortage of labor force. Lockdowns imposed by governments worldwide have forced labor community to move to their hometowns. This has affected the business of underfloor heating actuator.
Nonetheless, surging consumer demand for efficient space heating primarily in extreme climatic regions along with shifting customer focus on luxury fittings is set to stimulate market growth. The introduction of government rules and regulations focusing on the adoption of energy-efficient systems is expected to upsurge the underfloor heating actuator market size.
Estimates suggest that the demand for motoric actuators may grow owing to their utilization in thermally independent actuating devices. Widespread applicability in the underfloor heating systems on account of higher strokes, higher actuating force, and quiet operation along with its utilization in industrial and building services & building automation applications will propel the underfloor heating market growth, thereby strengthening the adoption for actuators.
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The U.S. underfloor heating actuator market is projected to grow over 5% by 2027. Introduction of building codes, constant growth along with the service sector, and directives along with extreme climatic conditions in various geographic areas will favor the regional business landscape. Growing consumer inclination towards home designing & decor and increased consumer spending toward residential renovation projects are expected to augment product adoption.
Partial Chapter of the Table of Content
Chapter 2 Executive Summary
2.1 Underfloor heating actuator industry 3600 synopsis, 2017 - 2027
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Underfloor Heating Actuator Industry Insights
3.1 Industry segmentation
3.2 Industry ecosystem analysis
3.2.1 Vendor matrix
3.3 Innovation & sustainability
3.3.1 Eberle Controls GmbH (Schneider-Electric)
3.3.2 ABB Limited
3.3.3 Siemens AG
3.4 Regulatory Landscape
3.4.1 North America
3.4.1.1 U.S.
3.4.1.1.1 Federal Energy Management Program
3.4.1.1.2 New California Building Efficiency Standards
3.4.2 Europe
3.4.2.1 Key Laws
3.4.2.2 Energy Efficiency Plan 2011
3.4.2.3 UK
3.4.2.3.1 The UK National Energy Efficiency Action Plan
3.4.2.3.2 CRC Energy Efficiency Scheme
3.4.2.3.3 Mandatory greenhouse gas reporting
3.4.2.3.4 The Heat Network (Metering and Billing) Regulation, 2014
3.4.2.4 Germany
3.4.2.4.1.1 German Energy Saving Ordinance (EnEV)
3.4.2.4.1.2 Energy Concept - The Energy Strategy
3.4.2.4.1.3 Energy Concept - Part Buildings
3.4.2.5 Ireland
3.4.2.5.1 Standards
3.4.2.6 Finland
3.4.2.6.1 National energy policy
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