DUBLIN--(BUSINESS WIRE)--The "Global Underfloor Heating Market Size, Share & Industry Trends Analysis Report By Product Type (Hydronic and Electric), By Application, By System, By Installation Type, By Regional Outlook and Forecast, 2021-2027" report has been added to ResearchAndMarkets.com's offering.
The Global Underfloor Heating Market size is expected to reach $7 billion by 2027, rising at a market growth of 6.0% CAGR during the forecast period.
The installation of electrical or water systems to the floor to generate heat beneath the flooring is known as underfloor heating. Water systems employ the length of a pipe to pump water through a heat source to heat the floor, whereas electrical systems use electrical cables to generate heat. Electric underfloor heating systems are more suited to smaller spaces like bathrooms since water underfloor heating systems take more space and deployment time.
Underfloor heating (UFH) is a better and more efficient technique to heat a single dwelling. In addition, UFH softly give warmth to people and items in the room from the ground by using radiant heat technology. The benefits of underfloor heating are energy efficient, require low maintenance, design freedom and adaptability of floor heaters, as well as safety & ease of installation, which are among the important factors fueling the growth of the underfloor heating market in the coming years.
The Underfloor Heating Market is increasing over the world as new building approaches such as insulation and controls improve in quality. The expanding use of underfloor heating systems in the residential sector, refurbishment activities in developed countries such as the United States and Germany and rising demand for high-end amenities and flexibility are estimated to augment the growth of the market.
Along with that, government regulations for energy efficiency and standards for the use of electrical and electric appliances is expected to encourage the use of sustainable technologies, which boost market growth. Due to high operating costs and significant energy and heat loss, the new advanced underfloor heating systems are increasing the rate of replacement of legacy heating systems.
Market Growth Factors:
Growing investments in the development of new infrastructure
Romans were the first to use hydronic underfloor heating to heat their personal spaces. Following WWII, the sector saw fast technological and product design developments. Product demand will be boosted by continued rollouts of efficient and enhanced space heating solutions across smart cities, as well as an increase in the number of green construction projects. In addition, the growing commercial and residential sectors, as well as fast industrialization, is expected to enhance market trends.
Quick heating and easy to manage
Since underfloor heating products are easy to maintain and provide quick heating to the space, its popularity is rapidly increasing across the world. Major industry players are shifting their business strategies to focus on product differentiation and innovation for a broad range of products to meet a variety of client needs. Underfloor heating allows customers to construct their home however they want, taking advantage of every inch of wall and floor space. Users may still choose the type of flooring they want because floor heating works with laminate, wood, tile, stone, carpet, and more.
Marketing Restraining Factor:
High cost of installation
Electric systems allow for quick installation, with many systems being able to be installed in an average-sized bathroom in as little as 1-2 days. The cost of installation will vary based on the system users choose, the size of the room, and the installer's fee; labour costs for installation is expected to also be incurred by the customer till the time, it get ready to use. Customers also need to hire a competent electrician to connect the system to the power supply, which might take many hours and cost a lot of money.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Heating System
- Control System
By Installation Type
- New Installation
- Retrofit Installation
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Uponor Corporation
- Honeywell International, Inc.
- Robert Bosch GmbH
- Pentair PLC
- Mitsubishi Electric Corporation
- Emerson Electric Co.
- Schneider Electric SE
- Siemens AG
- The Danfoss Group
- Warmup PLC
For more information about this report visit https://www.researchandmarkets.com/r/pf34y5