Global Underfloor Heating Market, By Component (Electric System Components, Hydronic System Components), Type (Hydronic Underfloor Heating Systems, Electric Underfloor Heating), Installation (New Installation, Retrofit), Application (Residential, Commercial, Healthcare, Entertainment, Industrial Sector, Others), Facility (New Building, Existing Building), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Underfloor heating market will reach at an estimated value of USD 7.9 billion by 2028 and grow at a CAGR of 7.95% in the forecast period of 2021 to 2028. Increase in the awareness about the benefits of underfloor heating acts as an essential factor driving the underfloor heating market.
Underfloor heating is defined as a central heating and cooling which ensures the indoor temperature. It forms radiant heating that helps in enabling heat to pass from the hot element and also makes the indoor climate hot providing comfort also provides thermal comfort using conduction, radiation and convention. It is extensively applicable in residential and commercial buildings and it also helps to save power being consumed by the heaters.
Increase in the level of comfort and flexibility is a crucial factor accelerating the market growth, also increase in the introduction of energy efficiency standards, rise in the standard of living, increase in the strict government regulations, increase in the extreme climatic conditions and rise in the demand for space heating are the major factors among others boosting the underfloor heating market. Moreover, rise in the technological advancements and rapid digitalization in underfloor heating, rise in the environmental concerns and an increasing number of efficiency standards and increase in the deployment of IoT-enabled underfloor heating systems in smart homes will further create new opportunities for underfloor heating market in the forecast period mentioned above.
However, high upfront cost associated with installation and slow response time for underfloor heating are the major factors among others restraining the market growth, and will further challenge the underfloor heating market in the forecast period mentioned above.
This underfloor heating market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on underfloor heating market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Underfloor Heating Market Scope and Market Size
Underfloor heating market is segmented on the basis of component, type, installation, application and facility. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, underfloor heating market is segmented into electric system components and hydronic system components.
- Based on type’, the underfloor heating market is segmented into hydronic underfloor heating systems and electric underfloor heating.
- Based on installation, the underfloor heating market is segmented into new installation and retrofit.
- Based on application, the underfloor heating market into residential, commercial, healthcare, entertainment, industrial sector and others.
- The underfloor heating market is also segmented on the basis of facility into new building, existing building.
Underfloor Heating Market Scope Country Level Analysis
Underfloor heating market is analysed and market size, volume information is provided by country, component, type, installation, application and facility as referenced above.
The countries covered in the underfloor heating market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the underfloor heating market due to increase in the introduction of energy efficiency standards, rise in the standard of living, increase in the strict government regulations, increase in the extreme climatic conditions and rise in the demand for space heating in this region. This region is further expected to witness a firm share of growth in the respective market.
The country section of the underfloor heating market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Underfloor Heating Market Share Analysis
Underfloor heating market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to underfloor heating market.
The major players covered in underfloor heating market report are Siemens, Mitsubishi Electric Corporation, WARMUP Plc, Pentair plc, NEXANS, Danfoss, Honeywell International Inc., Uponor Corporation, Robert Bosch GmbH, Robot uk ltd, Schneider Electric, Emersion Electric Co., The Underfloor Heating Company London, Flexel International Ltd. , Jupiter Heating Systems Ltd., Rehau, Toshiba Corporation, Speedheat (Pty) Ltd, Uheat, Pergo, ZingyHomes and ThermoSphere among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Underfloor Heating Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.