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Underfloor Heating Market is projected to reach USD 7.8 billion in 2029, increasing at 7.1% CAGR during 2022-2029 | Size, Growth & Industry Report
Underfloor Heating Market
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-underfloor-heating-market/
The factors driving growth of Underfloor Heating Market includes increasing number of green building projects, retrofitting of residential & small commercial spaces such as offices, retail stores and institutions, expansion of the real-estate industry, Government initiatives to reduce greenhouse emissions and improvements in the living standards. Moreover, growing adoption of advanced technologies by manufacturers, increasing deployment of underfloor heating systems in kitchen and bathroom spaces, shift towards clean heating technology, rise in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the Underfloor Heating Market share. In addition, the increasing investments by major corporations on research and developments, strategic partnerships between companies, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.
However, growth of the Underfloor Heating Market is hindered due to problems related to installation of underfloor heating systems.
The leading players operating in the market are Schneider Electric SE (France), Siemens AG (Germany), Robert Bosch (Germany), Danfoss A/S (Denmark), Uponor Corporation (Finland), Emersion Electric Co. (US), Pentair PLC (US), Mitsubishi Electric Corporation (Japan), Honeywell International (US), and Nexans S.A. (France), among others.
Based on Product Type, the Hydronic underfloor heating segment is predicted to dominate the market during the forecast period
Increasing application of hydronic underfloor heating solutions in marble, slate, carpet, timber, and stones, is propelling underfloor Heating Market size.
Based on Application Type, the Residential {Single Family, Multi Family} segment is projected to expand at a remarkable CAGR over the forecast period
Increase in the number of home renovation activities across the globe, growing adoption of modern designs and favorable Government policies for the installation of energy efficient systems, are pushing growth of the segment.
Based on Region, the European region is anticipated to capture the largest market share during the forecast period
Presence of the leading players such as Robert Bosch (Germany), Danfoss A/S (Denmark), Uponor Corporation (Finland), rise in the construction of green buildings, rapid urbanization, increasing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in the European region.
Market Segmentation
Segmentation by Product Type
Electric underfloor heating
• Hydronic underfloor heating
Segmentation by Application Type
Residential {Single Family, Multi Family}
• Industrial
• Commercial {Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality}
Segmentation by Installation Type
Existing buildings
• New buildings
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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