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Underfloor Heating Market by Component, Type, Application and Geography - Global Forecast to 2023

Underfloor Heating Market: Global Forecast until 2023

  • July 2017
  • 147 pages
  • ID: 5025061
In this report:
The underfloor heating market for the residential application in North America was valued at USD ##.## million and is expected to grow further to USD ##.## million by 2023, at the highest CAGR of ##.##% from 2017 to 2023.
The underfloor heating market in Europe for the industrial application is expected to grow at the highest CAGR of ##.##% between 2017 and 2023, because underfloor heating in an industrial building is effective and efficient.

Summary

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"Underfloor Heating market to exhibit a high increase between 2017 and 2023"

The underfloor heating market is estimated to grow ~$4.2B by 2023 and is likely to grow at a compound annual growth rate (CAGR) of 7.50 percent between 2017 and 2023. The main key factors driving the increase of the market contain progress in analysis and development facilities, growing demand for energy efficient systems, government tax credit program, and government focus on low-carbon emission products. Nevertheless, the floor and setup issue while installing underfloor heating and the high cost of skilled labor and retrofitting installation are inhibiting the increase of this market.

"Hydronic underfloor heating systems market to grow at an important rate in the next years"

Several advantages of hydronic underfloor heating systems including the ability to offer heat for a longer time; no visible heating dust, which can be useful for asthma patients; requirement of minimal energy once the room has reached the desired temperature; and easy-to-maintain and balanced humidity level are driving the hydronic underfloor heating market.

"Underfloor heating system market in Europe (EU) to grow at an important rate in the next years"

The sector is increasing quickly because Europe is moving toward a low-carbon economy and because of the increased awareness about environmental and energy efficiency concerns. Also, higher levels of insulation, driven by regulatory requirements and government actions, are contributing to a reduction in the global heating load, making underfloor heating a more practical and efficient heating solution in EU. For example, the EU has targeted for zero-carbon emission for buildings in the UK by 2019. To accomplish this target, the UK has giving tax benefits to the renewable energy system user. These initiatives help the underfloor heating market grow at the highest compound annual growth rate (CAGR) during the outlook period.

Breakdown of the profile of the primary participants:

• By Company category: Tier 1-40.0 percent, Tier 2-35.0 percent, and Tier 3-25.0 percent

• By Description: C-Level Executives-35%, Directors-25%, and Others-40%

• By Area: North America-45%, Europe-30%, APAC-20%, and RoW-5%

Main top actors operating in the underfloor heating market contain Danfoss A/S, Uponor Corporation, Emersion Electric Co., Honeywell International, and Robert Bosch. Pentair PLC, Mitsubishi Electric Corporation, Schneider Electric SE, Siemens AG, and Nexans S.A..

Segment Research

In this business report, different segments including component, category, installation, application, and geography of the underfloor heating system market have been covered. It also considers key market drivers, industry restraints, possibilities, and opportunities pertaining to the market. The market research contributes a exhaustive view of the market across 4 main regions: North America continent, Europe (EU), Asia-Pac, and RoW.

Why Purchasing This Study Can Help You:

• this business report includes the industry statistics pertaining to component, category, installation, application, and territory.

• Major drivers, market restraints, opportunities, and alternatives for the underfloor heating market have been precised in this industry report.

• Illustrative segmentation, review, and estimate for industries established on component, category, installation, application, and area have been organized to give an global view of the market.

• A in-depth competitive landscape that includes top players, revenue of main actors, and strategic expansions, among others, has been specified.

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