Underfloor Heating Market Global Rising Demand & Huge Scope Till 2030

The Underfloor Heating Market size is expected to reach US$ 6.95 billion by 2030 from 3.90 billion in 2022, at an estimated CAGR of 7.5% from 2022 to 2030.Underfloor Heating Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Hydronic System Components and Electric System Components); Installation (Retrofit and New), Application (Residential and Commercial)

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Competitive Landscape: Underfloor Heating Market:
The North American Underfloor Heating market is segmented into the US, Canada, and Mexico. Increased demand for underfloor heating in North America's cold zones is predicted as a result of the building & construction industry's rapid rise in developed nations such as the US, Canada, and Mexico. Moreover, various players across the region are providing underfloor heating in response to the comfort and convenience in the kitchens and bathrooms by providing warm floor. In February 2020, Mysa Smart Thermostats, a Newfoundland-based smart-home tech company, announced the launch of Electric In-underfloor heating. The launched product provides households across North America with greater control over their electricity bills by helping them use energy more efficiently.The North American climate is known to be intensely cold, and the regions extreme polar location such as Alaska (USA), Northern Canada and Greenland, is colder. Thus, the people located in the region need warmth in winter. The governors of 25 states of US formed a coalition in order to reach 20 million deployed heat pumps by 2030. In response, 4.8 million heat pumps were installed in the US in 2020. Heat pumps are energy efficient and act as replacements for fossil fuel-powered furnaces and air conditioners. They use electricity to transfer heat, as opposed to generating heat, and they can either heat a building when it is cold outside or cool a building when it is hot outside. Compared to a gas boiler, heat pumps reduce greenhouse gas emissions by 20% and are also energy efficient. The governors of the states are focusing on the sustainable heating of the residents along with the focus on greenhouse gas emissions. The underfloor heating connected to a boiler or heat pump is a convenient option. Thus, the government initiatives and cold climate across North America will propel the growth of the underfloor heating market.

Danfoss AS
Emerson Electric Co
nVent Electric Plc
Watts Water Technologies Inc
Robert Bosch GmbH
Resideo Technologies Inc
Uponor Corp
REHAU Ltd
Daikin Europe NV
Schneider Electric SE
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Chapter Details of Underfloor Heating Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Underfloor Heating Market Landscape
Part 04: Underfloor Heating Market Sizing
Part 05: Underfloor Heating Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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