North America Residential Underfloor Heating Actuator Market Size - By Product (Thermal, Motoric), Country Outlook & Forecast, 2024 – 2032
North America residential underfloor heating actuator market size is expected to record over 4.8% CAGR from 2024 to 2032 driven by increasing consumer demand for energy-efficient and sustainable heating solutions. Lately, homeowners are increasingly prioritizing energy conservation and cost savings, leading to the shift towards underfloor heating systems to offer consistent and efficient heat distribution. The ability of underfloor heating to reduce energy consumption by operating at lower temperatures compared to traditional heating systems makes it an attractive option. For instance, in April 2024, EcoFlow launched a new air and water pump for home usage with R290 refrigerant available in 9kW and 20kW models.
Moreover, modern actuators equipped with smart controls and connectivity features allow homeowners to remotely monitor and adjust their heating systems for optimal performance and comfort. The increasing penetration of smart home devices and the growing preference for automated, user-friendly solutions are driving the demand for advanced underfloor heating actuators. The construction of new residential buildings and renovation activities, driven by urbanization and the robust housing market, are also contributing to the product demand.
The overall industry is classified into product and country.
Based on product, the North America residential underfloor heating actuator market from the thermal segment is poised to witness decent growth during 2024-2032 backed by superior energy efficiency and enhanced comfort levels. Thermal actuators, which regulate the flow of heated water in hydronic underfloor heating systems, provide precise temperature control for ensuring even heat distribution across different areas of the home. This precise control helps in reducing energy consumption and operational costs, making thermal actuators an attractive option for energy-conscious homeowners.
Canada residential underfloor heating actuator industry size is anticipated to grow at a significant CAGR over 2024-2032. The cold climate of the country necessitates efficient and reliable heating solutions for homes. Canadian homeowners are increasingly seeking comfortable and energy-efficient heating options to cope with long winters, making underfloor heating systems an attractive choice. The surging government emphasis on energy conservation and sustainable building practices, along with incentives and rebates for energy-efficient home upgrades, will also stimulate regional market growth.
Chapter 1 Methodology & Scope
1.1 Research design
1.2 Base estimates & calculations
1.3 Forecast model
1.4 Primary research and validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
Chapter 2 Industry Insights
2.1 Industry ecosystem analysis
2.2 Regulatory landscape
2.3 Impact forces
2.3.1 Growth drivers
2.3.2 Industry pitfalls & challenges
2.4 Growth potential analysis
2.5 Porter's analysis
2.5.1 Bargaining power of suppliers
2.5.2 Bargaining power of buyers
2.5.3 Threat of new entrants
2.5.4 Threat of substitutes
2.6 PESTEL analysis
Chapter 3 Competitive Landscape, 2023
3.1 Introduction
3.2 Strategic outlook
3.3 Innovation & sustainability landscape
Chapter 4 Market Estimates and Forecast, By Product, 2021 – 2032 (USD Million, ‘000 Units)
4.1 Key trends
4.2 Thermal
4.3 Motoric
Chapter 5 Market Estimates and Forecast, By Country, 2019 – 2032 (USD Million,‘000 Units)