Global Underfloor Heating Market - Global Forecast To 2030


Global Underfloor Heating Market - Global Forecast To 2030

 Published: Aug-2022
 Author: SPER Analyst

Global Underfloor Heating Market is projected to be worth USD 10.21 billion by 2032 and is anticipated to expand at a CAGR of 7.84%.

Global underfloor heating refers to the market for heating systems installed below a building's floor. The effective and comfortable heating solutions offered by these systems can be used in residential, commercial, and industrial establishments. Underfloor heating systems are gaining popularity all over the world due to its warm interior temperature, reduced energy consumption, improved indoor air quality, and other advantages. One of the major factors boosting the growth of the global underfloor heating market is the growing demand for energy-efficient heating choices. People all around the world are becoming more aware of how energy use affects the environment, which has increased the demand for energy-efficient heating systems. Underfloor heating systems are vastly more energy-efficient than traditional heating systems because they distribute heat more evenly across the room. The ability to precisely control underfloor heating systems reduces energy use even more. Another factor driving the growth of the smart home sector is underfloor heating. The lighting, security, heating and cooling systems, and other aspects of a smart home are all controlled by a number of technology. Underfloor heating systems can be integrated with smart home systems to give homeowners remote control to their home's temperature. A growing number of smart homes worldwide are using underfloor heating systems because of how convenient they are. The need for energy-efficient heating systems is expected to rise along with the acceptance of smart homes, which will lead to an increase in the global market for underfloor heating.

On the global market for underfloor heating, the COVID-19 outbreak has had a significant impact. The epidemic's effects on the supply chain resulted in delays in the production and delivery of underfloor heating systems. Further reducing demand for underfloor heating systems was the fact that fewer development projects were started as a result of the epidemic. Lockdowns and travel bans imposed by governments around the world had an effect on the installation of underfloor heating systems. When many development projects were put on hold, underfloor heating systems lost some of their appeal. As a result, the income of the worldwide underfloor heating market fell dramatically. As the world begins to recover from the pandemic, underfloor heating systems are expected to become more prevalent. Due to the expanding focus on energy-efficient solutions and the building industry, the underfloor heating market is anticipated to rebound in the coming years. The pandemic's effect on consumer behaviour has resulted in many people spending more time at home. The market for underfloor heating may eventually profit from the rise in demand for comfortable and efficient heating options brought on by this. The COVID-19 pandemic has negatively impacted the underfloor heating industry globally, but as the world continues to recover from the epidemic, it is projected that the market will recover.

Underfloor Heating Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Amuheat, Bosch GmbH, Danfoss, Emersion Electric Co., ESI Heating and Cooling, Honeywell International Inc., Hurlcon Hydronic Heating, Janes Radiant, Mitsubishi Electric Corporation, Pentair plc., Polypipe, Robert Bosch GmbH, Schneider Electric, Schlüter-Systems Ltd., SALUS North America, Siemens AG, Uponor Corporation.

Global Underfloor Heating Market Segmentation:

By Application: Based on the Application, Global Underfloor Heating Market is segmented as; Commercial, Institutional, Residential.

By Type: Based on the Type, Global Underfloor Heating Market is segmented as; Electric Underfloor Heating, Hydronic Underfloor Heating.

By Installation: Based on the Installation, Global Underfloor Heating Market is segmented as; New installations, Retrofit installations.

By Region: Due to the rising demand for energy-efficient heating options in residential and commercial buildings, North America now holds a monopoly on the global underfloor heating market. Due to the rising use of smart homes and the expansion of the construction sector in emerging economies like China and India, the Asia-Pacific region is predicted to experience significant market growth.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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