Press release
Honeywell, Siemens Profiled in Electric Underfloor Heating Market 2024 Report - Uponor, Danfoss, Warmup, Emerson Electric, Schneider, Sensata technologies, Pentair, Nexans, Robert Bosch, Mitsubishi
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.
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Global Electric Underfloor Heating Market size will exceed USD 2.5 billion by 2024, 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.
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.
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.
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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 Content:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Electric Underfloor Heating Market Industry Insights
Chapter 4. Electric Underfloor Heating Market, By Facility
Chapter 5. Electric Underfloor Heating Market, By Application
Chapter 6. Electric Underfloor Heating Market, By Region
Chapter 7. Company Profiles
More Details on this Report At: https://www.marketstudyreport.com/reports/electric-underfloor-heating-market
Related Report:
United States Electric Underfloor Heating Market Report 2017
In this report, the United States Electric Underfloor Heating market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
https://www.marketstudyreport.com/reports/united-states-electric-underfloor-heating-market-report-2017/?utm_source=RR-AN
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