The global underfloor heating market is poised to grow at a significant rate during the forecast period owing to rising per capita disposable income which has led to surge in demand for products like underfloor heating. Moreover, the favourable incentives and support from government for adoption of underfloor heating is a major boost for the manufacturers. The increasing demand for cost-effective heating solutions is further expected to drive the global underfloor heating market through 2027.
Global underfloor heating market can be segmented based on
Based on application, the global underfloor heating market is segmented into commercial, residential, entertainment, industrial and healthcare & education. The residential segment accounted for the largest market share in terms of revenue generation in 2021 and is expected to continue dominance until 2027. The reason for the growth of the segment could be attributed to growing awareness towards the benefits of underfloor heating systems among consumers.
Major companies operating in the global underfloor heating market include Siemens AG, Mitsubishi Electric Corporation, Pentair PLC, Honeywell International, Emersion Electric Co., Robert Bosch, Uponor Corporation, Danfos, Schneider Electric SE and Nexans S.A, among others. Leading companies are investing in latest technology to bring more efficient systems. Companies are also undertaking strategies like mergers & acquisitions to increase their global reach.
Objective of the Study
- To analyse and forecast the market size of global underfloor
heating market.
- To forecast global Underfloor Heating market based on type, component, installation,
application, company and regional distribution.
- To identify drivers and challenges for global underfloor heating market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions etc. in global underfloor heating market.
- To identify and analyse the profile of leading players operating in
the global underfloor heating market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of underfloor heating system manufacturing companies across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the companies which could not be identified due to the limitations of secondary research.
Market insights research calculated global underfloor heating market size using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. Market insights research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by Market insights research.
Key Target Audience
- Underfloor heating system manufacturing companies/partners
- Suppliers/Distributers
- End-Users
- Government bodies such as regulating
authorities and policy makers
- Organizations, industry associations, forums
and alliances related to underfloor heating market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as underfloor heating system manufacturing companies and partners, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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Attribute
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Details
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Base
Year
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2021
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Historical
Years
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2017 –
2020
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Estimated
Year
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2022
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Forecast
Period
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2023 – 2027
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Quantitative
Units
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Revenue in
USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027
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Report
Coverage
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Revenue
forecast, volume forecast, company share, competitive landscape, growth
factors, and trends
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Segments
Covered
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·
Type
·
Component
·
Installation Type
·
Application
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Regional
Scope
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North
America; Asia Pacific; Europe & CIS; South America; Middle East &
Africa
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Country
Scope
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United States; Canada; Mexico; China; India; Japan; Malaysia;
Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain;
Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South
Africa; Egypt
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Key
Companies Profiled
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Siemens AG, Mitsubishi Electric Corporation, Pentair PLC,
Honeywell International, Emersion Electric Co., Robert Bosch, Uponor Corporation,
Danfos, Schneider Electric SE and Nexans S.A.
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Customization
Scope
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10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope.
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Pricing
and Purchase Options
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Avail
customized purchase options to meet your exact research needs. Explore purchase
options
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Delivery
Format
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PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special request)
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