Global Underfloor Heating System Market Research Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
The Underfloor Heating System Market report offers in-depth insights, revenue details, and other vital information regarding the global underfloor heating market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027.
The Underfloor Heating System Market report offers insightful and detailed information regarding the various key players operating in the global underfloor heating system market, their financials, supply chain trends, technological innovations, and key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global underfloor heating system market research report has been segmented on the basis of product, end-users, and regions.
Underfloor Heating System Market Overview:
The Underfloor Heating System Market was valued at $42.4 billion in 2021 & is projected to reach $84.9 billion by 2028. It is expected to grow at an 8.3% CAGR between 2021 and 2028.
Underfloor heating and cooling is a form of central heating and cooling which achieves indoor climate control for thermal comfort using conduction, radiation, and convection.
This system uses embedded pipes or electric heating cables beneath a finished floor so that heat radiates steadily from floor level. Under Floor Heating (UFH) system radiates comfortable warmth evenly in a clean, efficient and non-polluting manner.
Underfloor heating systems are efficient as they distribute heat more evenly, they actually need water at a lower temperature as compared to a radiator, making the boiler more efficient. Additionally, underfloor heating systems work at lower temperatures, reducing the electricity bills.
As its hidden, UFH doesn’t spoil the home decor, thereby enhancing value of sale of the house.
High rate of adoption by households in developed economies is a key factor driving the growth of the global underfloor heating system market.
In addition, simplicity of the technology, rising demand for cost-effective solutions, and consumer-direct marketing by prominent manufacturers are major factors fueling growth for this market.
However, high cost of underfloor heating systems is a key restraint for growth of the global underfloor heating system market.
Additionally, the time taken for systems that are currently available for underfloor heating is high, which is a major factor in the rising demand for technological advancements in the underfloor heating systems market.
The market in Europe accounted for highest revenue share in the global underfloor heating system market, owing to high adoption rate of underfloor heating solutions in countries in the region.
The market in North America contributed second-highest revenue share in the global underfloor heating system market followed by the markets in Asia Pacific, and Middle East & Africa.
Global Underfloor Heating System Market Segmentation:
Global underfloor heating system market research segmentation by-product:
- Electric underfloor heating
- Hydronic underfloor heating
Global underfloor heating system market research segmentation by end-users:
Global underfloor heating system market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Danfoss A/S
- Emersion Electric Co.
- Honeywell International Inc.
- Robert Bosch GmbH
- Pentair PLC
- Mitsubishi Electric Corporation
- Schneider Electric
- Siemens AG
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