Underfloor Heating Market Latest Trends, Technology Growth and Global Demands 2021 to 2027

The Underfloor Heating Market report 2021-2027 presents an in-depth assessment of key trends, current scenarios, challenges, standardization, regulatory landscape, and deployment models. Historical and futuristic case studies, opportunities, future roadmap, value chain, Key player profiles, and strategies lead to builds stronger business decisions. This report covers the pre and post Covid-19 impact analysis and gives expert reviews to overcome it. The report also presents forecasts for Underfloor Heating from 2021 till 2027.

The underfloor heating market is expected to reach a CAGR of 7.3% during the forecast period (2020 - 2025).

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Key Players:

Uponor Corporation, Emersion Electric Co., Honeywell International Inc., Robert Bosch GmbH, DanfossÊGroup, Mitsubishi Electric Corporation, Siemens AG, Schneider Electric, Nexans S.A.Ê, Amuheat, nVent ElectricÊPLC, Flexel International Limited, and others.

Key Market Trends:

Residential Sector to Drive the Market Growth

- The smart home market is anticipated to register a CAGR of 25% over the 2020 - 2025 and is expected to reach USD 246.42 billion by 2025, compared to USD 64.60 billion in 2019.

- Underfloor heating is 15-20% more energy efficient than traditional methods and, therefore, reduces the overall carbon footprint of a building. They are hence considered as an optimal solution for heating the homes. Further, Government advisers have even recommended recently to ban gas boilers installation in new homes by 2025, which stimulates market growth.

Europe Holds Maximum Market Share

- Europe holds the maximum share of the market as the region has a strong presence of underfloor heating vendors such as Robert Bosch GmbH, Siemens AG, Schneider Electric, Nexans S.A., and nVent Electric plc among others. Moreover, Europe has been witnessing an increasing number of players entering the market, owing to the rising inclination for energy-efficient buildings that are enabling companies the potential to gain profit by expanding their sales.

Competitive Landscape:

- In January 2020 - Emerson introduced new Warm Tiles ColorTouch WiFi-enabled thermostats. This system is designed with a WiFi-enabled version that gives consumers remote access to their system from a mobile device or web browser. It allows consumers to program their floor's temperature remotely to set their floor warming preferences at any time, whether for a few hours, few days, vacation, or permanently.

- In January 2020 - nVent expanded its alliance with MAPEI, a global leader in the manufacturing of mortars, grouts, adhesives, and chemicals for the building industry. nVent and MAPEI collaborated to develop MAPEI Mapeheat for the US flooring channel. Mapeheat Mat, Mapeheat Membrane, Mapeheat Cable, and Mapeheat Thermostats are a few more products that are likely to be manufactured through this alliance.

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Influence of the Underfloor Heating Market Report:

-Comprehensive assessment of all opportunities and risks in the Underfloor Heating market.
-The detailed study of business strategies for the growth of the Underfloor Heating market-leading players.
-Conclusive study about the growth plot of the market for forthcoming years.
-In-depth understanding of market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the market.

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Underfloor Heating Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. Analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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