Press release
Global Electric Underfloor Heating Market Growth Opportunity By Key Industry Players: Emerson Electric, Uponor, Danfoss, Warmup, Honeywell, Schneider, Sensata technologies, Siemens, Pentair, Robert Bosch, Mitsubishi, Nexans, Amuheat
Electric Underfloor Heating Market
Rising disposable personal income along with the improving living standards will further complement the product penetration. According to the Office for National Statistics, UK household disposable personal income in the year 2016 was around USD 34,930 which was USD 790 higher when compared with the previous year.
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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. Russia electric underfloor heating market is predicted to exceed USD 120 million by 2024.
Significant growth across residential construction along with increasing awareness towards adoption of low emission heating systems will positively influence the business outlook. Rising demand for heating systems owing to extreme weather conditions will further complement the product demand. In 2015, underfloor heating accounted for over 30% of the overall heating systems across residential establishments.
Shifting focus towards green buildings coupled with strict government regulations to reduce greenhouse gas emissions will embellish the electric underfloor heating market growth. Introduction of building codes and standards to cut the energy consumption will further complement the industry outlook. The European Union has introduced several directives including Energy Performance of Buildings Directive to achieve the target of nearly zero-energy by 2020.
Growth Drivers:
• Introduction of energy efficiency standards
• Increasing standard of living
• Strict government regulations
• Extreme climatic conditions
• Rapid urbanization and commercialization
• Increasing demand for space heating
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The U.S. electric underfloor heating market will witness strong growth subject to growing space heating demand coupled with increasing energy cost. Advancement in technology along with the declining associated cost will further embellish the business growth. The government of California has implemented building energy efficiency and cost-effective appliance standards which has resulted into an estimated cumulative annual efficiency & conservation savings for electricity to reach over 95,000 GWh by 2016.
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.
Eminent industry participants in the electric underfloor heating market include Emerson Electric, Uponor, Danfoss, Warmup, Honeywell, Schneider, Sensata technologies, Siemens, Pentair, Robert Bosch, Mitsubishi, Nexans, Amuheat, Hunt Heating, REHAU, and H2O Heating.
Browse key industry insights spread across 225 pages with 372 market data tables & 14 figures & charts from the report, Electric Underfloor Heating Market in detail along with the table of contents:
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