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Know How Underfloor Heating Market is Thriving Worldwide? Key Players - Uponor Corporation, Warmup, Emerson Electric, Honeywell, Robert Bosch, Danfoss, Siemens, Mitsubishi.

08-09-2018 09:38 AM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights Inc.

Underfloor Heating Market

Underfloor Heating Market

Germany is another emerging lucrative spot for underfloor heating market growth. The participation of governmental bodies is a major driving force for Germany underfloor heating market. For instance, the launch of initiatives such as the Energy Saving Ordinance (EnEV) by the German government to reduce carbon footprints is forecast to upsurge underfloor heating industry size across the region. Analysts claim the Germany underfloor heating industry to record a CAGR of 6% during 2017 to 2024.

Underfloor heating industry has been gaining critical acclaim across myriad geographies. The stringent deployment of legislations such as the American Energy Efficiency Act, 2015, to promote power efficiency practices is expected to substantially drive the development of U.S. underfloor heating market. As per estimates, the regional industry is projected to generate a revenue of over USD 1 billion by 2024.

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 The recent deal between Jupiter Heating Systems and New Era Floor Systems highlights the developments prevalent in underfloor heating market. The strategic agreement, that was formally announced in the March of 2017, was focused on the development of a new underfloor heating system within a batten & cradle structure, that would be amply deployed across numerous end-use domains. The rising preference for underfloor heating across the high end residential ventures has thus necessitated the requirement of a lightweight solution without compromising on the quality of the design. The new launch by Jupiter Heating Systems and New Era Floor Systems precisely functions alongside these expectations, and has been predicted to considerably boost underfloor heating market trends.

Over the past few years, the demand for underfloor heating (UHF) systems has been substantially escalating, prompting companies to build new systems for retrofit applications. These systems, which are built to operate at lower temperatures as compared to radiator systems, have found wide applications in boilers and heat pumps. Their favorable features such as low power consumption and heating costs are subsequently expected to upsurge the product demand, favoring underfloor heating market expansion.

It is prudent to note that heated floors distribute heat uniformly across each room and warm the room space through an accurate combination of heat conduction and radiant energy. In a modern, well-insulated house, UFH systems act as a primary tool for heat distribution and eliminate the requirement of radiators, on the grounds of which they are extensively used across residential, commercial, and industrial sectors. The robustly rising need to improve air quality and comfort level will in fact, particularly help augment product demand across the commercial sector, inherently impelling the overall underfloor heating market share.

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China, which contributed over 30% toward the regional underfloor heating industry share in 2016, is predicted to experience a lucrative growth over the years to come. Rise in green building constructions in conjunction with China’s eleventh five-year plan is anticipated to fuel the product demand across the region.

Honeywell International Incorporation, Schneider Electric SE, Bosch, Siemens AG, The Mitsubishi Group, and REHAU are some of the reputed firms that have made their presence felt across underfloor heating industry. These players, it has been observed, have been coining new growth strategies that may substantially augment the revenue graph of this business space. Driven by the launch of contemporary technologies in heating systems, underfloor heating market size is likely cross a valuation of USD 8 billion by 2024.

Partial Chapter of the Table of Content

Chapter 2    Executive Summary

2.1    Underfloor heating industry 3600 synopsis, 2013 - 2024

2.1.1    Business trends

2.1.2     Product trends

2.1.3    Facility trends

2.1.4    Application trends

2.1.5    Regional trends

Chapter 3    Underfloor Heating Market Industry Insights

3.1   Underfloor heating Industry Segmentation

3.2   Underfloor heating Industry landscape, 2013 – 2024 (USD Million)

3.3    Industry ecosystem analysis

3.3.1    Raw material/component outlook

3.3.1.1    Heating pipes

3.3.1.2    Manifold

3.3.1.3    Sensors & thermostats

3.3.2    Vendor Matrix

3.4    Technology & innovation landscape

3.5    Electric vs. hydronic underfloor heating

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3.5.1    Electric underfloor heating

3.5.2    Hydronic underfloor heating

3.6    Regulatory landscape

3.6.1    U.S.

3.6.2    Europe

3.6.3    United Kingdom

3.6.4    Germany

3.6.5    China

3.6.6    Asia Pacific

3.7    Infrastructure/Construction spending outlook, 2016/2015

3.8    Industry impact forces

3.8.1    Growth drivers

3.8.1.1    Introduction of energy efficiency standards

3.8.1.2    Increasing standard of living

3.8.1.3    Strict government regulations

3.8.1.4    Extreme climatic conditions

3.8.1.5    Rapid urbanization and commercialization

3.8.1.6    Increasing demand for space heating

3.8.2    Industry pitfalls & challenges

3.8.2.1    High Cost of Retrofitting in Existing Buildings

3.9    Growth potential analysis

3.10    Porter's Analysis

3.11    Competitive landscape, 2016

3.11.1    Strategy dashboard

3.11.1.1     REHAU

3.11.1.2     Danfoss

3.11.1.3     Warmup

3.11.1.4     Robert Bosch

3.11.1.5     Uponor

3.11.2    Product development

3.11.3    M&A landscape

3.12    PESTEL Analysis

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/

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