Underfloor Heating System Market 2019-2025
発行: Orion Market Research Pvt Ltd
Global Underfloor Heating System
Market Size, Share & Trends Analysis Report by Product Type (Hydronic System and Electric System) and by Application (Residential, Commercial, and Industrial) and Forecast, 2019-2025.
With the rise in construction activities, the demand for sustainable heating solutions is increasing with a rapid pace. Underfloor heating uses the floor surface of a room as a heat emitter, which eliminates the use of conventional radiators. The major factors fueling the market growth include the increasing consumer awareness towards energy conservation along with the low carbon emission of the underfloor heating system. The favorable government regulation towards the energy-efficient standards coupled with the increased investment in R&D has led to the increasing demand for underfloor heating systems. The underfloor heating system requires no maintenance cost, flexibility in control through single thermostat, and is regarded as an appropriate replacement of conventional underfloor water heating systems such as radiators.
The underfloor heating system market is segmented on the basis of product type and applications. Based on the product type, the market is segmented into hydronic system and electric systems. Among these products, the hydronic system is expected to register significant growth in the market during the forecast period. This is owing to the large surface area of the emitters; water can be circulated to the low width pipe a relatively low temperature as compared to radiators which require high temperature to run. This, in turn, makes the system compatible with low-temperature heat sources such as condensing boilers and heat pumps; which accelerates its adoption rate in the underfloor heating market. Based on application, the market is segmented into residential, commercial, and industrial. The commercial underfloor heating system is expected to show significant growth in the market during the forecast period. The low power consumption of the underfloor heating system along with the energy-efficient deployment are some prime factors that propel the market growth in commercial sector.
Geographically, the global underfloor heating market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Among these regions, Europe accounts to hold a significant share in the global underfloor heating market due to the stringent government policies towards the energy-efficient standards coupled with the integration of digital home heating technologies. Moreover, the extreme cold snap in Europe propels the deployment rate of the underfloor heating system in residential and commercial sector.
The major players operating in the global underfloor heating market include Danfoss A/S, Uponor Inc., Honeywell International Inc., Emersion Electric Co., REHAU Ltd., Hunt Heating, nVent Electric PLC, and SunTouch. These companies are adopting several strategies, such as merger and acquisitions, product launches, geographical expansion and collaboration, and partnership to expand market share across the globe.
The market study of the global underfloor heating system market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
The report is intended for underfloor heating system market players, potential entrants, interior designing and construction sector for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.