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Residential Underfloor Heating Market Revenue, Regional Growth & Trend 2018-2024 By Top Players – Danfoss, Honeywell, Bosch, Emerson, Siemens.
Residential Underfloor Heating Market
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Underfloor Heating Market size will exceed USD 8 billion by 2024, as reported in the latest study by Global Market Insights, Inc. Substantial economic transformation on account of rapid commercialization and industrialization will drive the underfloor heating market size. Rising disposable income coupled with internal migration of rural population to urban areas will further boost the product demand. As per United Nations Department of Economic and Social Affairs, urbanization along with overall growth will add 2.5 billion to urban population by 2050 with highest growth across Asia and Africa.
Germany underfloor heating market is set to experience growth over 6% owing to ongoing government initiatives to curb the carbon emissions along with efforts toward improving energy security. Introduction of EnEV – energy saving ordinance to cut down primary energy consumption by 25% across new builds along with the target of carbon-neutral buildings by 2050 will further complement the business outlook.
• Global Underfloor Heating Market, By Application
1. Residential
2. Single Family
3. Multi Family
4. Commercial
5. Education
6. Healthcare
7. Retail
8. Logistics and transportation
9. Offices
10. Hospitality
11. Others
12. Industrial
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The U.S. underfloor heating market size is predicted to witness strong growth owing to increasing demand for space heating along with rising consumer awareness toward adoption of sustainable heating systems. Implementation of codes and standards to encourage the deployment of energy efficient products will positively impact the business growth. The American Energy Efficiency Act of 2015, focusses to achieve the target of 20% electricity savings and 13% natural gas savings by 2030.
Russia market is set to exceed USD 350 million by 2024. Deployment of sustainable technologies to improvise energy efficiency along with the growing adoption of advanced heating systems will augment the industry landscape. The country is developing sustainable energy policy framework that focusses on the reduction of energy intensity across Russian economy by 40% by 2020.
China in 2016, accounted for over 30% of Asia Pacific underfloor heating market share. Rapid urbanization along with growing demand for energy efficient products will fuel the business growth. The China Eleventh Five Year Plan focusses toward implementation of design standard of 50% energy conservation on new buildings.
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Underfloor heating is also useful to reduce potential health hazards, as per analysts. Conventional heating facilities may impact negatively on people having dust allergies and asthma, on account of which most of the medical care practitioners recommend underfloor heating systems. The surging need for radiant heating systems to provide comfort will thus suitably propel underfloor heating market trends over the years ahead.
Hydronic underfloor heating systems have been gaining popularity lately, owing to their allergen free heating methodology. It is prudent to mention that modern boilers used in hydronic heating need lots of care, as they emit comparatively more heat. In order to meet the escalating requirement of hydronic underfloor heating systems along with to improve the quality and performance of boilers, renowned giants in underfloor heating industry are investing heavily in research and development activities. Speaking of which, Uponor Corporation, Siemens, Robert Bosch, Sensata Technologies, Honeywell International, REHAU corporation, Schneider Electric, Emerson Electric, Mitsubishi, Pentair, Danfoss, Hunt Heating, Nexans, WARMUP Plc, H2O Heating, and Amuheat are few of the well-known players in underfloor heating market.
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Notable players in underfloor heating market include Danfoss, Uponor Corporation, Warmup, Emerson Electric, Honeywell, Robert Bosch, Siemens, Sensata technologies, Pentair, Schneider Electric, Mitsubishi, Nexans, Amuheat, REHAU, Hunt Heating and H2O Heating.
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.
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Global Market Insights, Inc.
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