- 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.
- 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.
- Asia-Pacific is expected to be the fastest growing region in the Underfloor Heating market during the forecast period due to rapid urbanization, rising construction of residential and commercial buildings
- Electric System Components segment is expected to dominate the market with a market share of 51.80% due to its ease of installation, lower upfront cost, and suitability for both renovations and new constructions.
