Underfloor Heating Market size 2019-2025 report, added by Global Market Insights, unveils the current & future growth trends of this business sphere in addition to outlining details regarding the myriad geographies that form a part of the regional spectrum of Underfloor Heating Market. Intricate details about the supply & demand analysis, contributions by the top players, and market share growth statistics of the industry are also elucidated in the report.
Underfloor heating industry has been gaining critical acclaim across myriad geographies. The stringent deployment of legislations such as the American Energy Efficiency Act, 2015, to promote power efficiency practices is expected to substantially drive the development of U.S. underfloor heating market. Apart from the numerous directives prevalent toward the installation of energy efficient heating systems, the construction of several commercial and residential units in the nation will also promote product adoption.
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Over the past few years, the demand for UFH systems has been substantially escalating, leading to a major surge in underfloor heating market share. The rising product demand has been prompting companies to build new systems for retrofit applications. These systems, which are built to operate at lower temperatures as compared to radiator systems, have found wide applications in boilers and heat pumps. Their favorable features such as low power consumption and heating costs are subsequently expected to further upsurge the product demand, favoring underfloor heating market expansion.
The rising preference for underfloor heating across the high end residential ventures has thus necessitated the requirement of a lightweight solution without compromising on the quality of the design. The new launch by Jupiter Heating Systems and New Era Floor Systems precisely functions alongside these expectations, and has been predicted to considerably boost underfloor heating market trends.
It is prudent to note that heated floors distribute heat uniformly across each room and warm the room space through an accurate combination of heat conduction and radiant energy. In a modern, well-insulated house, UFH systems act as a primary tool for heat distribution and eliminate the requirement of radiators, on the grounds of which they are extensively used across residential, commercial, and industrial sectors. The robustly rising need to improve air quality and comfort level will in fact, particularly help augment product demand across the commercial sector, inherently impelling the overall underfloor heating market share.
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In the light of the current energy efficiency scenario, it is noteworthy to mention that the rising ecological concerns leading to the rampant use of energy efficient heating systems and the need to reduce power costs will raise the popularity of underfloor heating systems. For instance, in 2016, homes in the European Union contributed over 75% towards the overall power consumption through the extensive use of heating systems. The massive deployment of these products in the residential sector will thus propel underfloor heating market size from residential applications over the coming years.
Not to mention, the region now is characterized by substantial spending on renovation and infrastructural development projects. Also, the expansion of electric underfloor heating market in the nation and the rising consumer preference for comfort and enhanced home décor will further fuel U.S. industry share.
The participation of governmental bodies, apart from the U.S., is also a major driving force for other developed and developing nations. For instance, the launch of initiatives such as the Energy Saving Ordinance (EnEV) by the German government to reduce carbon footprints is forecast to upsurge underfloor heating industry size across the region. China market is predicted to experience a lucrative growth over the years to come, powered by the rise in green building constructions in conjunction with the nation’s eleventh five-year plan.
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Honeywell International Incorporation, Schneider Electric SE, Bosch, Siemens AG, The Mitsubishi Group, and REHAU are some of the reputed firms that have made their presence felt across underfloor heating industry. These players, it has been observed, have been coining new growth strategies that may substantially augment the revenue graph of this business space. Driven by the launch of contemporary technologies in heating systems, underfloor heating market size is likely cross a valuation of USD 9 billion by 2025
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