August 26, 2019
Worldwide underfloor heating market is predicted to surpass US $9 billion by 2025, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2019-2025.
Constant growth in the real estate segment along with strict standards and building codes towards the use of energy efficient electrical systems will supplement underfloor heating market size. These systems have become mainstream owing to growing disposable income and decreasing product cost. Technological upgradation along with extensive research and development done to improve system design will enhance product adoption. Manufacturing players have also introduced several hydronic and electric underfloor alternatives appropriate for deployment across new and existing facilities.
Ongoing expansion in the service segment along with strict directives towards installation of advanced heating technologies will drive the U.S. underfloor heating market. Building of several commercial and multifamily units across various U.S states will increase product penetration. Furthermore, increased spending on housing retrofitting projects with growing inclination towards designing and home décor will complement the business landscape.
Growing acknowledgement of the product along with increasing demand for central heating systems will drive underfloor heating market growth. Shift towards clean energy technologies coupled with extreme weather conditions will expand industry size. Moreover, growing demand for home heating systems with strong deployment across kitchen and bathroom will increase product demand.
According to the research, cost benefits and long-term energy along with growing concerns towards carbon emissions will increase hydronic underfloor heating market growth. Rising demand across high-end buildings and domestic establishments on account of important benefits like comfortable heating and virtually invisible distribution will complement the business landscape. However, high cost linked with the system will impact product adoption.
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Constant hot water requirement due to extreme climatic circumstances will augment Europe underfloor heating market. Government authorities have introduced strict EU energy efficiency directive to boost the deployment of sustainable heating solutions. Moreover, significant drop in installation cost and time coupled with introduction of flexible electrical rugs for smaller applications will boost product use.
Development of domestic and commercial properties on account of rising development of smart cities across many nations will foster underfloor heating market size across new amenities. Increased pollution has led to introduction of many building norms that instruct deployment of low emission heating systems. Furthermore, rapid commercialization across emerging economies is estimated to complement industry landscape.
Renowned companies operating in underfloor heating industry include REHAU, Nexans, Amuheat, Mitsubishi, H2O Heating, Hunt Heating, Pentair, Siemens, Danfoss, Emerson Electric, Uponor, Warmup, Honeywell, Robert Bosch, Schneider and Sensata Technologies. The company profiles of these firms are mentioned in the report alongside their product benchmarking, business overview, financials, and recent developments.