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Underfloor Heating Market size to exceed $6.5 Bn by 2026

Published Date: May 4, 2020    Authors: Ankit Gupta, Nikhil Paranjape

Underfloor Heating Market size will surpass USD 6.5 Billion by 2026, as reported in the latest study by Global Market Insights, Inc.
 

The underfloor heating systems are deployed across building floors to provide comfortable warm floors and space heating. The technology was initially developed for premium heating applications owing to their exclusive designs and high upfront costs. However, technological advancements and the growing demand from various regions witnessing extreme weathers initiated a positive business outlook. The market demand of underfloor heating units is undergoing significant growth owing to the declining systems costs along with ongoing adoption of building efficiency targets & norms aimed toward energy conservation.

 

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Ease of installation & maintenance will boost the electric underfloor systems industry growth

Electric underfloor heating systems have gained pace over their counterparts owing to low cost, easy setup, and integration. The primary components of the system include electric cables, sensors, and thermostats. Resistance cables are laid under the floor, producing heat and in turn warming the floor surface. To enhance the efficiency, insulation layers are provided beneath the surface to direct the heat upwards, minimizing losses. They can be readily installed without the need for a skilled technician, eliminating additional installation & labor costs. Customization and scalability across multiple floor types are few of the prominent factors driving the electric underfloor heating market growth.
 

Browse key industry insights spread across 280 pages with 425 market data tables & 28 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}, Industrial, Commercial {Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality}) Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/underfloor-heating-market

 

Adoption of stringent energy efficiency standards will spur the underfloor heating industry growth across existing buildings

The growing number of retrofitting projects on account of stringent energy-efficiency standards is a major factor driving the underfloor heating market size across the existing facilities. Underfloor heating mats are the most suitable renovation solutions as its installation does not require floor excavation and can be flexibly integrated with the existing electrical circuit. In addition, simple installation along with growing number of DIY projects will further augment the market opportunities over the forecast timeline.
 

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

It is being widely adopted across various commercial properties, most notably across the hospitality & business sector. The underfloor heating allows freedom of design, décor planning, and releases more space, which is essentially required across offices & hotels. These systems are readily deployed across properties requiring premium and comfort heating solutions including saunas and spa. The growing expansion of commercial properties along with significant cost-savings in the long run will fuel the underfloor heating market demand.
 

Increasing adoption of sustainable heating solutions drive the Europe market share

The Europe market demand is governed by stringent building standards and codes on energy-efficiency. The central authorities have proposed the EU Energy efficiency directive to encourage the adoption of sustainable heating solutions. Furthermore, growing concerns toward energy-savings and increasing electricity bills have further fueled the business growth. Western Europe holds a major share in the global underfloor heating market with major demand from Germany, France, and Spain. Extreme climatic conditions and decarbonization of the heating sector are key growth factors across the region.
 

However, the systems are facing strong competition from its substitutes such as radiators and other space heating solutions including district heating. Due to this, companies are extensively focusing on research and product enhancements with the introduction of multiple underfloor heating options suitable for different customer requirements to increase their market share. In addition, significant drop in the upfront cost of hydronic systems along with the introduction of flexible heating mats for small applications will further augment the market demand for these units.
 

Key players operating across underfloor heating market share comprise of Uponor, Danfoss, Warmup, and Honeywell amongst others. Strategic collaboration and adoption of advanced space heating solutions are some of key strategies followed by prominent market players.

 

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