Underfloor heating market size is anticipated to reach USD 4.6 billion by 2024 from USD 2.3 billion in 2016, growing at a CAGR of 9.1% over the forecast period 2016-2024. The major driving factor for the growth of under floor heating market is the housing and construction industry of a region coupled with the average temperature in that region which increases the demand for the installation of under floor heating systems. Based on heating method, hydraunics under floor heating systems are preferred owing to its lower cost of installation, efficiency and low energy consumption which is also suitable with most of the flooring types, and it is expected to grow annually at the rate of 4.3%.
Global underfloor heating market, based on geography, Europe dominated the market with a market share of 51.45% in 2016, due to the presence of maximum European countries under the influence of frigid or temperate zone and also the housing permit trend is reasonably strong in most European countries.
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Market Segmentation
On the basis of our in-depth analysis, Global Underfloor Heating Market can be segmented as follows:
By Heating Method
• Radiant Under Floor Heating
• Hydraunics Under Floor Heating
By Component
• Heating Mats
• Heating Cables
• Sensors and Thermostat
• Heating Pipes
• Manifolds
By Application
• Residential
• Industrial
• Commercial
By Facility
• Existing Buildings
• New Buildings
By Region
• North America
• Europe
• Middle East and Africa
• Latin America
• Asia Pacific
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Underfloor Heating Industry Analysis” contains detailed overview of the global underfloor heating market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by heating method, component, application and facility.
This industry research report includes a considerable use of secondary sources, & databases to identify and compile data used for this technical, market-determined study of the market.
Underfloor Heating Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
This market research report also includes competitive outlook of some of the major players profiling of companies such as Honeywell International, Mitsubishi Electric Corporation, Schneider Electric SE, Siemens AG, Nexans S.A., Pentair PLC, Uponor, WMS Underfloor Heating, Danfoss A/S, Emersion Electric Co., Robert Bosch, etc. The company profiles include business strategy, regional market partition, top-line qualitative and quantitative summary information, leading firms of the companies which enclose business overview, key metrics, products, services & industries catered, financial analysis of the company and recent developments.
Overall, the industry report represents the underfloor heating market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching "prospects and other collaborators to align their market-dominant action according to the current and emerging trends in the future.
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