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Underfloor Heating Market worth $9.44 billion by 2030, growing at a CAGR of 8.53% - Exclusive Report by 360iResearch
Underfloor Heating Market | 360iResearch
The Global Underfloor Heating Market to grow from USD 5.32 billion in 2023 to USD 9.44 billion by 2030, at a CAGR of 8.53%.
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The underfloor heating market involves the manufacturing, distribution, and installation of systems that provide radiant heating beneath various types of flooring surfaces. These systems efficiently heat residential, commercial, and industrial buildings by evenly distributing heat across a room while minimizing energy consumption. The primary function of underfloor heating is to maintain comfortable indoor temperatures in colder climates while enhancing energy efficiency. The increasing industrialization and urbanization and surging demand for commercial, residential, and industrial buildings drive the demand for underfloor heating. On the contrary, the cost associated with installing underfloor heating systems and functional issues limit market growth. However, initiatives towards smart city development and introducing improved underfloor heating systems are expected to proliferate the market growth in the coming years.
The Americas region has experienced a steady growth in underfloor heating demand due to increased construction activities and energy-efficient building regulations. The U.S. standards, such as LEED certification, encourage sustainable construction practices incorporating energy-saving technologies. Although this presents opportunities for manufacturers, it also calls for compliance with strict regulatory requirements. Asia-Pacific is expected to have an accelerated growth rate in the underfloor heating market due to rapid urbanization, increasing disposable income levels, and government initiatives promoting energy-efficient technologies. Countries such as China and India provide immense potential for expansion due to increasing investments in the construction sector and smart city initiatives launched by the governments. To capitalize on this market opportunity, some companies are forming strategic partnerships with local firms or investing directly in regional production facilities. The EMEA region holds a significant share of the global underfloor heating market due to stringent regulations to decrease carbon emissions and increase energy efficiency in buildings. The region also has the presence of prominent players involved in continuous process improvement and launch. Meanwhile, emerging countries in the region require tailored strategies targeting local competition and regional preferences.
Market Segmentation & Coverage:
This research report categorizes the Underfloor Heating Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Offering, market is studied across Hardware and Services. The Hardware commanded largest market share of 76.29% in 2023, followed by Services.
Based on Type, market is studied across Electric Underfloor Heating and Hydronic Underfloor Heating. The Electric Underfloor Heating commanded largest market share of 64.49% in 2023, followed by Hydronic Underfloor Heating.
Based on Installation Type, market is studied across New Installation and Retrofitting. The New Installation commanded largest market share of 71.64% in 2023, followed by Retrofitting.
Based on Application, market is studied across Commercial, Industrial, and Residential. The Residential commanded largest market share of 51.33% in 2023, followed by Industrial.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.83% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Underfloor Heating Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Underfloor Heating Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Underfloor Heating Market, highlighting leading vendors and their innovative profiles. These include Ambiente Systems Ltd., Amuheat Pty Limited, Arkon Heating, ASIASTAR co., Ltd., Daikin Industries, Ltd., Danfoss A/S, Devex Systems Pty Limited, Emerson Electric Co., EMPUR Produktions GmbH, ESI Heating and Cooling, Flexel International Ltd., Gaia Climate Solutions, Genuit Group PLC, Gold Heat, Green Building Renewables, Hemstedt GmbH, Hunt Heating, IMI PLC, Incognito Heat Co Ltd., Janes Radiant Heating, JK floorheating Ltd., Mitsubishi Electric Corporation, Mysa, Nexans, S.A., nVent Electric PLC, OJ Electronics A/S By BITZER Kühlmaschinenbau GmbH, Purmo Group Oy Ab, REHAU Limited, Reliance Worldwide Corporation Ltd., Resideo Technologies, Inc., Robert Bosch GmbH, Schluter Systems L.P., Schneider Electric SE, Schütz GmbH & Co. KGaA, Siemens AG, Stiebel Eltron GmbH & Co. KG, Therma-HEXX Corporation, ThermoSoft International Corp., Uponor Corporation, and Warmup PLC.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Underfloor Heating Market, by Offering
7. Underfloor Heating Market, by Type
8. Underfloor Heating Market, by Installation Type
9. Underfloor Heating Market, by Application
10. Americas Underfloor Heating Market
11. Asia-Pacific Underfloor Heating Market
12. Europe, Middle East & Africa Underfloor Heating Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Underfloor Heating Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Underfloor Heating Market?
3. What is the competitive strategic window for opportunities in the Underfloor Heating Market?
4. What are the technology trends and regulatory frameworks in the Underfloor Heating Market?
5. What is the market share of the leading vendors in the Underfloor Heating Market?
6. What modes and strategic moves are considered suitable for entering the Underfloor Heating Market?
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