|01-11-2019 07:17 PM CET - IT, New Media & Software||
Warmup, Honeywell, Schneider profiled in Electric Underfloor Heating Market to hit $2.5bn by 2024 |By Key Vendors: Emerson Electric, Uponor, Danfoss, Sensata technologies, Siemens, Pentair, Robert Bosch, Mitsubishi, Nexans, Amuheat, Hunt Heating, REHAU
Press release from: Global Market Insights, Inc
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.
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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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Emerson Electric
• Sensata technologies
• Robert Bosch
• Hunt Heating
• H2O Heating
Japan electric underfloor heating market is anticipated to witness high growth on account of favorable government initiatives with an aim to increase energy efficiency. Internal migration of population to urban areas from remote locations will further complement the product penetration. In 2016, urban population of the country increased up to 93.9% with an average annual growth rate of 0.62%.
Electric Underfloor Heating Market is projected to surpass USD 2.5 billion by 2024. Increasing consumer awareness toward conservation of energy along with high demand for the installation of reliable heating systems will drive the electric underfloor heating market growth. 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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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.
UK electric underfloor heating market is projected to expand over 7% on account of growing measures to improvise energy security by the reduction of energy consumption. In 2015, UK implemented an energy saving ordinance with an objective to reduce energy consumption across new buildings by 25% and ensures to achieve the carbon-neutral buildings target by 2050.
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Rising energy demand for localized heating across the residential establishments along with high petroleum products’ cost will foster the electric underfloor heating market. The European Commission has estimated 64.7% of energy consumption in the residential sector primarily for heating homes.
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.
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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