Electric Underfloor Heating Market 2024: Global Industry Analysis Top Manufacturers Robert Bosch, Mitsubishi, Honeywell, Siemens, Uponor, Danfoss, Warmup, Emerson Electric, Schneider, Sensata technologies, Pentair, Nexans

Market Study Report recently introduced new Space heating has lately witnessed a rising demand across myriad applications, on the grounds of which electric underfloor heating market has depicted a commendable growth chart, due to the technology’s low cost and energy efficient means of heating rooms report that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024.

Global Electric Underfloor Heating Market size will exceed USD 2.5 billion by 2024, as reported in the latest study report. Growing consumer awareness toward energy conservation coupled with increasing installation of reliable heating systems will stimulate the electric underfloor heating market size. Rising disposable income coupled with improving living standards will further embellish the product demand. As per Office for National Statistics (Great Britain), UK household disposable income was USD 34,930 in the financial year 2016 which was USD 790 higher than the previous year.

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U.S. electric underfloor heating market is set to reach over USD 500 million by 2024. Increasing demand for space heating along with rising energy cost will fuel the business growth. Advancement in technology coupled with declining associated cost will further complement the industry landscape. The government of California has introduced standards to improve the building efficiency with an aim to reduce the overall energy cost.

High cost associated with petroleum products along with rising energy demand for localized heating from residential establishments will drive the electric underfloor heating market. As per European Commission, residential sector accounts for 64.7% of energy consumption primarily for heating homes.

UK electric underfloor heating market is set to grow over 7% owing to growing measures toward improvisation of energy security by reducing the energy consumption. In 2015, the country has introduced an energy saving ordinance to cut down the energy consumption by 25% across new buildings and ensures the achievement of target for carbon-neutral buildings by 2050.

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Russia electric underfloor heating market is set to surpass USD 120 million by 2024. Paradigm shift in population demographics along with significant growth in residential construction will augment the industry landscape. Growing demand for heating systems subject to extreme climatic conditions will further escalate the product penetration. In 2015, underfloor accounted for 32% of the overall heating devices across residential buildings.

Japan, in 2016, accounted for over 15% of Asia Pacific electric underfloor heating market share. Increasing adoption of low emission heating systems coupled with favorable government initiatives to increase energy efficiency will positively influence the business growth. Internal migration of population from remote locations to urban areas will further boost the product demand. In 2016, urban population in Japan has increased up to 93.9% with average growth rate of 0.62% per year.

Notable industry participants in electric underfloor heating market include Uponor, Danfoss, Warmup, Emerson Electric, Honeywell, Siemens, Schneider, Sensata technologies, Pentair, Nexans, Robert Bosch, Mitsubishi, Amuheat, REHAU, Hunt Heating and H2O Heating.

Table of Contents

Chapter 1. Methodology and Scope
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Market definition and forecast parameters
1.2 Data Sources
1.2.1 Secondary
1.2.2 Primary

Chapter 2 Executive Summary
2.1 Electric underfloor heating industry 360 degree synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Facility trends
2.1.3 Application trends
2.1.4 Regional trends

Chapter 3 Electric Underfloor Heating Market Industry Insights
3.1 Industry Segmentation
3.2 Industry landscape, 2013 - 2024 (Revenue)
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
3.3.1.4 Electric Heating mats
3.3.1.5 Heating cables
3.3.2 Vendor Matrix
3.4 Technology & innovation landscape
3.4.1 Electric vs. hydronic underfloor heating
3.4.1.1 Electric underfloor heating
3.4.1.2 Hydronic underfloor heating
3.5 Regulatory landscape
3.5.1 U.S.
3.5.2 Europe
3.5.3 United Kingdom
3.5.4 Germany
3.5.5 China
3.5.6 Asia Pacific
3.6 Infrastructure/Construction spending outlook, 2016/2015
3.7 Industry impact forces
3.7.1 Growth drivers
3.7.1.1 Introduction of energy efficiency standards
3.7.1.2 Increasing standard of living
3.7.1.3 Strict government regulations
3.7.1.4 Extreme climatic conditions
3.7.1.5 Rapid urbanization and commercialization
3.7.1.6 Increasing demand for space heating
3.7.2 Industry pitfalls & challenges
3.7.2.1 High initial investment
3.8 Growth potential analysis
3.9 Porter's Analysis
3.10 Competitive landscape, 2016
3.10.1 Strategy dashboard
3.10.1.1 REHAU
3.10.1.2 Danfoss
3.10.1.3 Warmup
3.10.1.4 Robert Bosch
3.10.1.5 Uponor
3.10.2 M&A landscape
3.11 PESTEL Analysis

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Outside of scope of this report favorable government measures to ensure energy efficiency of buildings in a bid to control global levels of adverse climate change and the fact that the heating method is much more energy efficient that traditional radiators have also contributed to the growth of electric underfloor heating industry. Electric underfloor heating systems also have the advantage of being controlled via smart thermostats that can be adjusted as per convenience and which contribute toward lower energy bills by running at low temperatures. Low installation costs and easy, versatile installation process and low emission rate have led to electric underfloor heating market gaining quite some remuneration from residential spaces.

rising consumer awareness related to energy conservation has added a major stimulus to the growth of the electric underfloor heating market, as such a heating system has been proved to be not only environmentally less taxing but also capable of heating tricky places like the bathroom where a radiator is hard to fit. Retrofitting of buildings to include underfloor hitting is also a growing trend. With legislative pressure to develop new energy efficient buildings and retrofit old ones to bring down carbon footprint, electric underfloor heating market is witnessing a spate of newer growth avenues. Driven by the popularity of this technique among the affluent as well as the middle class, the electric underfloor heating market is anticipated to garner significant profits over the ensuing years.

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