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Underfloor Heating Market Report 2023 - Industry Trends, Growth Drivers, Size And Forecast To 2032 | Siemens AG, Mitsubishi Electric Corporation, Pentair plc, Emersion Electric Co, Honeywell International Inc
Underfloor Heating Market
Underfloor Heating Market Size, Growth Rate, And Forecast
The global underfloor heating market size grew from $4.95 billion in 2022 to $5.21 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The underfloor heating market size is expected to grow to $6.45 billion in 2027 at a CAGR of 5.5%.
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Underfloor Heating Market Drivers
Strong government support and incentives toward the adoption of underfloor heating solutions are driving the market. Government institutions across the globe are providing grants and incentives for the upgrade of existing heating systems and the adoption of renewable-source based heating systems.
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Underfloor Heating Market Segments
1. By Type: Hydronic Underfloor Heating, Electric Underfloor Heating.
2. By Installation: New installations, Retrofit installations.
3. By Application: Residential, Commercial, Institutional.
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the Underfloor Heating market.
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Underfloor Heating Market Key Players
Major competitors in the underfloor heating market include Siemens AG, Mitsubishi Electric Corporation, Pentair plc, Emersion Electric Co, Honeywell International Inc., Uponor Corporation Amuheat, Robert Bosch GmbH.
The Business Research Company's "Global Underfloor Heating Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Underfloor Heating Market Include:
1. Executive Summary
2. Underfloor Heating Market Characteristics
3. Underfloor Heating Market Trends And Strategies
4. Underfloor Heating Market - Macro Economic Scenario
5. Underfloor Heating Market Size And Growth
……
26. Africa Underfloor Heating Market
27. Underfloor Heating Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Underfloor Heating Market
29. Underfloor Heating Market Future Outlook and Potential Analysis
30. Appendix
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