Global Underfloor Heating Market
Report Highlights
Market Overview:
The Global Underfloor Heating Market was valued at USD 2.68 billion in 2016 and is projected to reach USD 3.92 billion by 2025, growing at a CAGR of 4.31% from 2017 to 2025.
Underfloor Heating is a form of heating system that is placed under the floor of a building which achieves indoor climate control for thermal comfort using conduction, radiation and convection. There are several benefits of underfloor heating system that includes - easy to install, less costly, child-friendly, no maintenance, fast working, simple energy efficiency, more hygienic, provides flexibility in room temperature, ideal for open space living, and is eco-friendly.
Market Dynamics:
1. Market Drivers
1.1 High comfort and flexibility
1.2 Increasing tax credit programs by government
1.3 Increasing cost of skilled labor and retrofitting installation
1.4 Rising awareness about the benefits of underfloor heating
1.5 Growing automation in commercial, industrial, and residential sector
1.6 Rising energy and environment concerns
2. Market Restraints
2.1 Complexity in designing of underfloor heating systems
2.2 Slow response time for underfloor heating
Market Segmentation:
The Global Underfloor Heating Market is segmented on the type, component, installation, application, and region.
1. Type:
1.1 Hydronic Underfloor Heating System
1.2 Electric Underfloor Heating System
2. By Component:
2.1 Hydronic Underfloor Heating Component
2.1.1 Manifolds
2.1.2 Sensor and Thermostat
2.1.3 Heating Pipes
2.2 Electric Underfloor Heating Component
2.2.1 Heating Mats
2.2.2 Sensors and Thermostat
2.2.3 Heating Cables
3. By Installation:
3.1 New Installation
3.2 Retrofit
4. By Application:
4.1 Healthcare
4.2 Education
4.3 Commercial
4.4 Entertainment
4.5 Residential
4.6 Industrial
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Danfoss A/S
2. Pentair PLC
3. Honeywell International PLC
4. Schneider Electric SE
5. Nexans S.A.
6. Uponor Corporation
7. Emerson Electric Co.
8. Robert Bosch GmbH
9. Mitsubishi Electric Corporation
10. Siemens AG
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Underfloor Heating Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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