Press release
Underfloor Heating Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
The underfloor heating market is projected to grow from USD 4.8 billion in 2022 to USD 7.0 billion by 2027; it is expected to grow at a CAGR of 7.6% from 2022 to 2027. The market is driven by government support and incentives of adoption of underfloor heating solutions, and rising demand for cost-effective heating solutions.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=167464533
"Underfloor heating market for hardware offering to held largest market share in 2021"
Hardware offerings accounted for a largest share of the underfloor heating market in 2021. Hardware components mainly include heating pipes, heating cables, distribution units, sensors, and control interfaces. Wet/hydronic underfloor heating systems and dry/electric underfloor heating systems require different hardware components. Growing adoption of underfloor heating systems across North America and Europe fuels the growth of the market.
"Electric underfloor heating market to grow at highest CAGR during the forecast period"
The market for electric underfloor heating systems is expected to grow at a highest CAGR during the forecast period. Electric underfloor heating systems are primarily used in residential applications, followed by commercial and industrial applications. The deployment of components such as heating mats in new and retrofit installations of electric underfloor heating systems is increasing. Consequently, the demand for installation and repair and maintenance services pertaining to electric underfloor systems is also rising. Electric underfloor heating systems are easy to to install and cost less than hydronic systems. This in turn is expected to drive the growth of the market.
"Market for newly installed underfloor heating systems to grow at a significant rate between 2022 and 2027"
New installations would dominate the underfloor heating market during the forecast period mainly because of favorable government regulations and tax credit facilities on the installation of energy-efficient systems and a high focus on energy saving and minimizing energy bills. Underfloor heating systems also reduce installation cost in new builds where developers use on-site laborers to install basic systems and use specialist contractors to commission and connect electric systems and boilers.
"Residential end use application accounted for largest share of underfloor heating market in 2021"
The residential application held the largest share of the underfloor heating market in 2021 due to the increasing awareness about the benefits of underfloor heating systems in residential properties. The high growth rate of the underfloor heating market for the residential application is mainly due to the growing refurbishment activities in many developed nations. Underfloor heating is considered to be ideal for new builds and also becoming more popular for renovations because of new product innovations in this area.
"Europe to lead underfloor heating market during forecast period"
The European market is expected to grow at the highest CAGR during the forecast period. The standards for floor heating were first developed in Europe. Subsequently, underfloor heating has been popular in mainland Europe for many years. Nevertheless, recent technological advances have led to the increasing adoption of underfloor heating systems in the mainstream market as these systems are easier to install and have the property to distribute heat equally throughout a zone. Developed nations such as the UK, Germany, France, as well as Nordic countries have contributes to the growth of the underfloor heating market in the region.
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=167464533
A few of the key players in the underfloor heating market are Uponor (Finland), Resideo Technologies Inc. (US), nVent Electric (UK), Warmup (UK), Rehau (Switzerland), Emerson (US), Robert Bosch (Germany), Danfoss (Denmark), Mitsubishi Electric (Japan), andSiemens (Germany).
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Underfloor Heating Market Set to Grow at the Fastest Rate- Time to Grow your Revenue here
News-ID: 2699848 • Views: …
More Releases from MarketsandMarkets
Gas Turbine Market to Surpass $22.5 Billion by 2026
The global gas turbine market is expected to grow from USD 18.9 Billion in 2021 to reach USD 22.5 Billion by 2026, at a CAGR of 3.6% during the forecast period, owing to an increase in demand of gas turbines in power generation. Gas turbines are majorly used for power generation. However, they are also used for mechanical drive purposes and in jet engines.
Gas turbines are preferred in small and…
EV Charging Station Market Size, Share, Trends & Analysis by 2030
The global EV Charging Station Market is estimated to be worth USD 7.3 billion in 2024 and reach USD 12.1 billion by 2030 at a CAGR of 8.8% over the forecast period. The growth of EV charging stations is driven by factors such as increased global EV sales and the need to expand charging infrastructure. Government policies and subsidies incentivize rapid deployment across regions. The limited driving range of EVs…
More Releases for Europe
Strategy Consulting Market 2025 | Analysis By Top Key Players: Booz & Co. , Rola …
Global Strategy Consulting Market 2019-2025, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The key players covered in this study
McKinsey , The Boston Consulting Group , Bain & Company , Booz & Co. , Roland Berger Europe…
Influenza Vaccination Market Global Forecast 2018-25 Estimated with Top Key Play …
UpMarketResearch published an exclusive report on “Influenza Vaccination market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 115 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. This report focuses on the Influenza Vaccination market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This…
Global Strategy Consulting Market Research Report 2018-2025 | Global Key Player …
An up-to-date research report has been disclosed by Market Research Hub highlighting the title “Global Strategy Consulting Market Size, Status and Forecast 2018-2025” which provides an outlook for current market value as well as the expected growth of Strategy Consulting during 2018-2025. The report studies the casing heads market worldwide, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, size, growth, revenue, consumption, import and export…
Strategy Consulting Market Deep Insights with Core Business Strategies 2018 - Ro …
Strategy Consulting Market report provides a vital recent industry data which covers in general market situation along with future scenario for industry around the Globe. It also consist of major data along with forecasts of a global market along with clear presentation of diagrams (charts and tables).
Global strategy consulting market size status and forecast 2025 has a vast collection of market research reports concerning the software industry, its sub-sectors, and…
Wearable Heart Monitoring Devices Market 2018 To 2023 – Top Leaders Beurer Gmb …
The Worldwide Wearable Heart Monitoring Devices Market is growing at a healthy rate. The major players in this market are Medtronic (U.S.), Kinetec Products UK Ltd. (South America), Beurer GmbH (Europe), Medisana AG (Europe), Briggs Healthcare (U.S.), Polar Electro (Europe), SUUNTO (Europe), Koninklijke Philips N.V. (Europe), Garmin Ltd. (Europe) and others. The Wolrdwide Wearable Heart Monitoring devices is segmented on the basis of products, type, application, and end users. On…
Surgical Equipment Market 2018 Leading Manufacturer in Europe, the Middle East & …
The Europe, the Middle East & Africa Surgical Equipment Market is expected to grow at an approximate CAGR of 6.7% during the forecast period.
A surgical equipment is a designed tool or device to carry out various surgical procedures so as to modifying biological tissues and to provide access for viewing them. The surgical equipment can be designed specifically for a particular surgery or it can be used as general purpose…
