Global Underfloor Heating System Market Research Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2033
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1528
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May 2023
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This report was compiled by Kalyani Khudsange Kalyani Khudsange is a Research Analyst at Prudour Pvt. Ltd. with 2.5 years of experience in market research and a strong technical background in Chemical Engineering and manufacturing. Correspondence Sr. Research Analyst Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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Underfloor Heating System Market Overview:
The Underfloor Heating System Market was valued at $5.2 billion in 2023 & is projected to reach $10.3 billion by 2033. It is expected to grow at an 7.11% CAGR between 2023 and 2033.
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 based on product, end-users, and regions.
Underfloor heating and cooling is a form of central heating and cooling that 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, 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.
Competitive Landscape:
The underfloor heating system market is a growing industry with several players worldwide. Here are some of the key players in the underfloor heating system market:
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- Uponor Corporation
- Honeywell International Inc.
- Thermosoft International
- Danfoss A/S
- Robert Bosch
- Schneider Electric SE
- Mitsubishi Electric Corporation
- Resideo Technologies Inc
- Robert Bosch GmbH
- Siemens AG
- nVent Electric
- Warmup Plc
- REHAU AG + Co
- Pentair plc
These companies offer a range of underfloor heating systems, including electric and water-based systems, and they serve residential, commercial, and industrial applications. They also offer installation, maintenance, and repair services to their customers.
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:
- Commercial
- Industrial
- Residential
Global underfloor heating system market segmentation by region:
- North America
- Europe
- 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 -
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- Danfoss A/S
- Uponor
- Emersion Electric Co.
- Honeywell International Inc.
- Robert Bosch GmbH
- Pentair PLC
- Mitsubishi Electric Corporation
- Schneider Electric
- Siemens AG
- Nexans
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