Underfloor Heating Market size to exceed $8.5 Bn by 2027

Underfloor Heating Market size is slated to reach USD 8.5 billion by 2027, as reported in the latest study by Global Market Insights Inc.
 

Rising disposable incomes, low running costs, and a significant reduction in heating bills are a few of the prominent features driving the demand for underfloor heating technology. Stringent government regulations to curb carbon emissions and long-term energy efficiency goals will boost the product adoption. Moreover, increasing demand for space heating solutions due to the low efficiency of conventional heating systems in extreme climatic conditions will augment the deployment of these systems.
 

 

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The COVID-19 outspread accompanied by the threatening remark of the third wave hitting major countries may further result in discontinuation of industry operations owing to the implementation of stringent curfews and lockdowns by respective governments. Manufacturers require new forms of innovative approaches and collaborations to increase the overall resilience and mitigate the impacts of the pandemic on the supply chain. The necessity to provide instant heating solutions across healthcare establishments to cater to the requirements of the healthcare sector will fuel the market revenue.
 

Underfloor Heating Market, By Facility

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The robust construction of multistory buildings along with ongoing expansion & development of the real estate sector is set to complement the industry dynamics. Additionally, innovative product advancements and the introduction of advanced technological features will spur industry statistics. The ongoing development of smart city projects, rising requirements for energy security, and concerns over fossil-fuel consumption will positively encourage the business dynamics. However, shifting consumer focus toward the utilization of advanced and modern technologies will strengthen the overall market outlook.

 

 

Growing demand for comfort & premium space heating solutions across the commercial sector

The rising expansion of commercial properties coupled with significant cost-savings in the long run will foster underfloor heating market growth. These systems are widely deployed across several commercial properties, notably across the business & hospitality sector. Underfloor heating allows users the freedom of décor planning & design and saves more space, which is substantially required across hotels & offices. These systems are instantly adopted across properties that require comfort and premium heating solutions including spa and saunas.
 

Browse key industry insights spread across 295 pages with 424 market data tables & 30 figures & charts from the report, “Underfloor Heating Market Size By Product (Electric, Hydronic), By Facility (Existing Buildings, New Buildings), By Application (Residential {Single Family, Multi Family}, Commercial {Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality}, Industrial), COVID-19 Impact Analysis, Regional Analysis, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/underfloor-heating-market
 

Growing investments in infrastructure development to strengthen the industry growth from hydronic heating

The hydronic underfloor heating market value is projected to witness 5.5% CAGR through 2027. The deployment of advanced technological systems that offer optimized design & high efficiency across new infrastructural projects will drive the segment expansion. The ongoing focus on the expansion & development of smart city projects has augmented the rollout of enhanced technologies followed by the increasing number of green building construction establishments that has swayed the market demand. The expanding commercial sector and rapid industrialization base will propel the business trends.
 

Increasing investments in the development of commercial & multi-family infrastructure units in North America to enhance the demand

The North America underfloor heating market revenue is anticipated to gain momentum during 2021 to 2027 on account of robust growth across the service sector. Climate change and pollution have become a major concern across the region, leading to the introduction of stringent environmental norms. The market is gaining thrust owing to its multiple operational benefits as electric energy is entirely converted to heat, making the system highly efficient with minimum energy loss These units are gradually deployed across the residential sector to provide a reliable heating solution when compared to conventional radiators and air blowers.
 

Rising investments in infrastructure development by government & private organizations will positively influence the industry outlook. Furthermore, the introduction of favorable regulatory norms together with energy efficiency standards for sustainable heating solutions will foster the product demand.
 

Eminent players operating across the underfloor heating market are focusing on introducing enhanced products integrated with advanced technologies via strategic collaborations, mergers & acquisitions, and joint ventures. Key manufacturers include Danfoss, Uponor Corporation, REHAU AG, Amuheat, Robert Bosch GmbH, Eberle by Schneider Electric SE, Warmup, Mitsubishi Electric Corporation, H2O Heating Pty Ltd., Siemens AG, Hunt Heating, Schlüter-Systems Ltd., Polypipe, SALUS North America, Inc., and Daikin, amongst others.

 

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