“According to the research report published by Polaris Market Research, the global underfloor heating market was valued at USD 4.63 billion in 2021 and is expected to reach USD 8.80 billion by 2030, to grow at a CAGR of 7.8% during the forecast period.”
The report delivers significant research data and proof to be a ready-to-access and self-analyzed study for managers, analysts, industry experts, and other key people, assisting them in making crucial business decisions. The report comprises qualitative and quantitative information on the Underfloor Heating Market that provides historical data and growth forecast. It covers recent developments, technologies, and the changing investment structure of the market. The report is showcased with self-explained tables and charts in a presentable format.
The major factors favoring the industry growth include the rising need for a high level of flexibility and comfort in residential buildings, government support and incentives for the implementation of UFH solutions, and the ongoing trend of residential infrastructure development. Moreover, the global industry is regulated under different standards and regulations associated with CO2 emissions. This has further created the demand for energy-efficient UFH solutions.
Get Access to Sample Research Report with Latest Industry Insights @ https://www.polarismarketresearch.com/industry-analysis/underfloor-heating-market/request-for-sample
Furthermore, the proliferation of electric underfloor heating is expected to create lucrative growth opportunities for the market during the forecast period. This is mainly attributed to the easier installation and less space requirement as compared with the traditional hydronic underfloor heating.
The residential segment dominated the global market in 2021 due to the rise in awareness about the advantages of systems in residential properties among the end-users. For instance, residential UFH offers superior all-around comfort, flexibility in room temperature, low maintenance costs, and simple energy efficiency.
Asia Pacific is anticipated to witness the highest growth in the global market. The growth of the industry in this region is driven by considerable economic transformation and rapid urbanization in developing countries. In addition, the flourishing residential housing sector coupled with the smart city projects across the countries such as India and China are anticipated to create lucrative growth opportunities for the industry. For instance, China government announced to build low-cost rental housing by 2025, under the drive for “common prosperity”. Under the initiative, around 6.5 Mn homes for leasing purposes are expected to be built in around 40 cities by 2025.
Top Key Players:
- Amuheat
- Danfoss
- Emerson Electric Co.
- Incognito Heat Co.
- Mitsubishi Electric
- Myson
- Nexans
- Nvent Electric PLC
- Rehau
- Resideo Technologies Inc
- Robert Bosch GmbH
- Schneider Electric
- Siemens AG
- Uponor Corporation
- Warmup
Enquiry Before Buying @ https://www.polarismarketresearch.com/industry-analysis/underfloor-heating-market/inquire-before-buying
For instance, in December 2021, RWC introduced a new UFH solution to supplement JG LowFit. On the other hand, in March 2021, nVent Electric plc announced a new update to its premium nVent RAYCHEM SENZ WIFI electric thermostat.
Polaris Market Research has segmented the underfloor heating market report on the basis of offering, product, installation, application, and region:
Underfloor Heating, Offering Outlook (Revenue – USD Billion)
- Hardware
- Service
Underfloor Heating, Product Outlook (Revenue – USD Billion)
- Hydronic
- Electric
Underfloor Heating, Installation Outlook (Revenue – USD Billion)
- New Installation
- Retrofit Installation
Underfloor Heating, Application Outlook (Revenue – USD Billion)
- Residential
- Commercial
- Industrial
- Healthcare
- Sports & Entertainment
- Others
Underfloor Heating, Regional Outlook (Revenue – USD Billion)
- North America
- U.S.
- Canada
- Europe
- France
- Germany
- UK
- Italy
- Spain
- Netherlands
- Russia
- Asia Pacific
- China
- India
- Japan
- Malaysia
- South Korea
- Indonesia
- Latin America
- Mexico
- Brazil
- Argentina
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Ask Analyst for Customization of this Report @ https://www.polarismarketresearch.com/industry-analysis/underfloor-heating-market/request-for-customization
Key Questions Answered with This Study
- What makes the market feasible for long-term investment?
- What geographic region would have better demand for products/services?
- What opportunity emerging territory would offer to established and new entrants in the market?
- How influencing factors driving the demand for Underfloor Heating Market in the next few years?
- What is the impact analysis of various factors in the market growth?
- What strategies of major players help them acquire share in a mature market?
- What are the recent trends in the regional market?
- What will be the market-based future possibilities, development patterns, and Underfloor Heating Market elements?
Browse market data Tables and Figures and in-depth TOC on Underfloor Heating Market Forecast Report (2023-2032) @ https://www.polarismarketresearch.com/industry-analysis/underfloor-heating-market
Contact Us:
Polaris Market Research
Email: sales@polarismarketresearch.com
Ph: +1-929 297-9727