Global Radiant Floor Heating Market Size By Manufacturers (Nuheat, SunTouch, Warmup, Watts Radiant), By Type (Electric and Hydronic), By Application (Commercial and Residential), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Radiant Floor Heating Market size was valued at USD 4.6 Billion in 2020 and is projected to reach USD 8.20 Billion by 2028, growing at a CAGR of 7.7% from 2021 to 2028.
Radiant floor heating works with lots of different floor types – think wood, laminate, concrete, stone tile, even carpet. If you're tired of cold feet, a radiant heater is one solution, keeping your floor nice and toasty by maintaining the perfect temperature. While floor heating is traditionally popular in colder climates, thanks to modernization and ever-improving technologies, it's becoming more widespread, and the market for both Radiant Floor Heating and even Radiant Floor cooling is growing. Want to dive deeper? The Global Radiant Floor Heating Market report gives you a complete picture of the market, with a comprehensive analysis of key segments, trends, what's driving growth, what's holding it back, who the competitors are, and other important factors.
Global Radiant Floor Heating Market Definition
Radiant Floor Heating helps to control the indoor room temperature for thermal comfort using convection radiation and conduction. Radiation is responsible for a raisable portion of the resulting thermal comfort but this usage is technically correct only when radiation formulates more than 50% of the heat exchange between the floor and the rest of the space and this radiant heating approach is used to relate this.
Major factors for the growth of Radiant Floor Heating Market include the high demand for cost-effective heating solutions, awareness regarding underfloor heating, sturdy government support and incentives for the adoption of underfloor heating solutions, and a high level for comfort and flexibility offered by underfloor heating systems.
Global Radiant Floor Heating Market Overview
Radiant Floor Heating is the system where the heat is directly transferred to the floor or wall panels with the help of tubes or heating mats, etc. putting it underfloor and is transferred to the objects or people in the room via infrared radiations. In Radiant Floor Heating the modern market generally uses the fluid flowing in pipes or electrical resistance elements. Either of the types can be implemented as a primary, localize floor heating or whole-building heating system for thermal comfort.
There are various benefits of Radiant floor heating. Radiant Floor heating is energy-efficient and eliminates duct losses by consuming less energy. It also has quiet heating. You will not hear any clinging radiators or vents turning on and off. You will just get a quite warm home. Also, the air stays cleaner as there is no duct provider that is no dust is spread through the air by allowing to breathe clean and fresh air by not allowing any allergies to have or spread. Radiant Floor heating provides consistent temperature by making the room stay warm and good.
Radiant floor heating has various types of floor types such as wood, laminate, concrete, stone tile, and carpet. A radiant heater is one way to say goodbye to the cold feet as it makes the floor warm by maintaining the temperature. Floor heating is mostly used in the cold region but now due to modernization and improving increasing technologies the market for Radiant Floor Heating Market as well as Radiant Floor cooling markets are taking rise. And the Radiant Floor Heating Market will take a boom in coming years.
Global Radiant Floor Heating MarketSegmentation Analysis
The Global Radiant Floor Heating Market is Segmented on the basis of Manufacturers, Type, Application, And Geography.
Radiant Floor Heating Market, By Manufacturers
Nuheat
SunTouch
Warmup
Watts Radiant
Warmboard
Heavenly Heat
Warmtech
Based on Manufacturers, The market is bifurcated into Nuheat, SunTouch, Warmup, Watts Radiant, Warmboard, Heavenly Heat, Warmtech.
Radiant Floor Heating Market, By Type
Electric
Hydronic
Based on Type, The market is segmented into Electric and Hydronic. Rising demand for electronics and hydronic will propel the business growth. Heating subsystems consist of pipes, cables, and distribution units
Radiant Floor Heating Market, By Application
Commercial
Residential
Based on Application, The market is bifurcated Commercial and Residential. The commercial industry is the largest consumer followed by residential of Radiant Floor Heating Market. This growth is mainly attributed to the boom in almost equal to 10 years.
Radiant Floor Heating Market, By Geography
North America
Europe
Asia Pacific
Rest of the world
Okay, so when we look at the world, the Global Radiant Floor Heating Market is split into regionsNorth America, Europe, Asia Pacific, and then everywhere else. Right now, North America and Europe are really leading the way, buying up most of the radiant floor heating systems. Why? Well, cities are growing, things are getting more modern, there are lots of cool technologies out there, and people have more money to spend! Plus, it's being used in all sorts of buildings. It also helps that the raw materials are easy to get ahold of there. Specifically, the US is a major player in North America. But don't count out Asia Pacific! They're expected to grow fast thanks to their booming electronics and semiconductor industries. Latin America and the Middle East & Africa are smaller markets for now, but they're expected to grow steadily too.
Key Players
The “Global Radiant Floor Heating Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Uponor, Honeywell, nVent Electric, Warmup, Rehau, Emerson, Robert Bosch, Danfoss, Pentair, Mitsubishi Electric, Siemens, Schneider Electric, Myson, Thermosoft International, Flexel International, Nexans, Amuheat ESI Heating and Cooling, Janes Radiant, and Incognito.The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
Partnerships, Collaborations, and Agreements
• In January 2020, nVent expanded its alliance with MAPEI, a global leader in the manufacturing of mortars, grouts, adhesives, and chemicals for the building industry.
• In September 2019, Warmup partnered with Material Bank to enhance its existing product portfolio.
• In March 2021, nVent announced its strategic agreement with CoolIT Systems to ramp up its revenue figures.
Mergers and Acquisitions
• In September 2019, nVent completed the acquisition of Eldon Enclosures Business to capture the majority market share.
• In July 2021, nVent completed the acquisition of CIS Global Business to enhance its product line.
Product Launches and Product Expansions
• In March 2019, Uponor launched Phyn Plus which encompasses a smart water assistant, and a smart shutoff.
• In October 2019, Rehau launched the RAUTITAN heating and plumbing system and RAUPIANO pipework system.
• In January 2020, Emerson introduced new Warm Tiles ColorTouch WiFi-enabled thermostats.
Report Scope
REPORT ATTRIBUTES
DETAILS
Study Period
2017-2028
Base Year
2020
Forecast Period
2021-2028
Historical Period
2017-2019
UNIT
Value (USD Billion)
Key Companies Profiled
Uponor, Honeywell, nVent Electric, Warmup, Rehau, Emerson, Robert Bosch, Danfoss.
Segments Covered
By Manufacturers, By Type, By Application, And By Geography
Customization Scope
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
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Reasons to Purchase this Report
We take a good, hard look at the market using both qualitative and quantitative analysis. We break things down based on economic factors, but also consider the stuff that's harder to measure. You'll get data on the market value in USD Billion for every single segment and sub-segment we identify. Plus, we'll tell you which region and segment we think is going to grow the fastest and be the biggest. We dive deep into each geographic area, looking at how much of the product or service is used and what's influencing the market there. We also map out the competitive scene, ranking the big players and highlighting new stuff they've launched, partnerships they've made, and how they've grown or acquired others in the last five years. Expect detailed company profiles that give you the big picture, insights, how their products stack up, and their strengths, weaknesses, opportunities, and threats (SWOT). We'll give you a sense of where the market is now and where it's headed, especially considering recent happenings (like new opportunities and what's holding things back in different areas). We'll even analyze the market using Porter's five forces to give you a well-rounded view. You’ll also get insight into the market through the Value Chain. Finally, we’ll cover the market's dynamics, the growth opportunities that lie ahead, and we'll back it all up with 6 months of analyst support after the sale.
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