Underfloor Heating Market 2020: Industry Analysis, Size, Share, Growth by 2026
Selbyville, Delaware, United States, September 11 2020 (Wiredrelease) Global Market Insights, Inc –:The rising demands for reliable and efficient heating systems are expected to have a perpetual effect on underfloor heating market share, owing to its profitability landscape. Alongside, there have been a plethora of stringent regulatory compliances emphasizing on green building construction as well as the technological advancements combined with general R&D, that have fostered underfloor heating market trends.
Further, the initiatives undertaken by the manufacturers on the introduction of sustainable electric and hydronic variants have supplemented the industry outlook. According to reports by U.S Bureau of economic analysis, in FY 2018, the US household disposable income was recorded at over USD 16,198, which was over USD 733 higher than that recorded in 2017. The aforementioned statistics provide a clear scenario of the rising trend of installing energy efficient heating systems.
A paradigm shift towards the clean energy technologies alongside extreme weather conditions is likely to enhance the global underfloor heating market size, propelling the industry to chart a lucrative roadmap in the projected time period.
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Mounting product demands on account of comfortable heating and virtually invisible deployment will augment the application in various commercial, residential and the industrial sectors. The global underfloor heating market size has been flourishing substantially over the recent years owing to the ongoing expansion of the commercial as well as the residential properties.
The elevating pollution has resulted in the enforcement of several building regulations, mandating the installation of low emission heating systems in the residential as well as commercial sectors.
Massive underfloor heating systems deployment in residential sectors
The growth of residential sector of underfloor heating market can be aptly credited to the exponentially rising rates of energy consumption and heating systems among the masses.
Escalating population and extreme climate call for an urgent need of underfloor heating system deployment in the residential sector accounting to the substantial drop in installation time and cost. Additionally, the increasing household heating demand with widespread deployment across kitchen and bathroom spaces would foster the business dynamics.
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Robust demand from commercial sector
In parallel with the residential sector, the commercial segment is likely to develop as a lucrative growth ground for underfloor heating market.
The extensive demand for the heating systems from various commercial sectors such as the healthcare, educational institutions, offices, retail, logistics and transportation are predicted to provide significant impetus to the overall electric underfloor heating market outlook.
Low carbon emission demand from industrial sector
Due to higher amounts of carbon emissions released out of the factories and manufacturing facilities on account of the traditional heating systems, the sector calls for a system which can lower down the emission whilst providing energy efficiency to the industries worldwide.
According to reports, in the span of over 5 years from 2005 to 2010, the carbon emissions from the industrial sector have grown at a considerable percentage, specifically across the Asian continent.
Reportedly, an underfloor heating system operates in a similar manner as the conventional radiator heating system. The radiators are placed inside the room with the hot water running through the pipes cast in the foundation under the floor that eventually heat up the larger floor area alongside reducing the harmful greenhouse gas emissions from the industries.
Considering the massive penetration of these systems globally, the competitive landscape of underfloor heating market is obvious to be dynamic. In a bid to sustain the market position, the industry players, such as Uponor, Siemens, Danfoss, Honeywell, and others, are anticipated to adopt numerous strategies and reforms as their key growth strategies.
Table of contents for this research [email protected] https://www.gminsights.com/toc/detail/underfloor-heating-market
Chapter 1 Methodology & Scope
1.2 Market definitions
1.3 Market estimates & forecast parameters
1.3.1 COVID -19 impact on market outlook
1.4 Data sources
220.127.116.11 Paid sources
18.104.22.168 Public sources
Chapter 2 Executive Summary
2.1 Underfloor heating market 3600 synopsis, 2015 – 2026
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Facility trends
2.1.4 Application trends
2.1.5 Regional trends
Chapter 3 Underfloor Heating Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2015 – 2026
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Innovation & sustainability
3.4.3 Robert Bosch GmbH
3.4.6 Honeywell Elster
3.5 Electric vs hydronic underfloor heating
3.5.1 Electric underfloor heating
3.5.2 Hydronic underfloor heating
3.6 Regulatory landscape
3.6.1 North America
22.214.171.124.1 Federal Energy Management Program
126.96.36.199.2 Building Energy Codes
188.8.131.52.3 Green Building Codes
184.108.40.206.3.1 The International Code Council (ICC)
220.127.116.11.3.2 ASHRAE Standard 189.1
18.104.22.168.4 Utility Rebates and Incentive Programs
22.214.171.124.5 New California Building Efficiency Standards
126.96.36.199.1 National Energy Code
188.8.131.52 The Heating & Cooling Strategy
184.108.40.206 Key Laws
220.127.116.11.1 Energy Efficiency Plan 2011
18.104.22.168.1.1 Specific measures and policies
22.214.171.124.2 Energy efficiency policies
126.96.36.199.3 Energy efficiency progress
188.8.131.52.3.1 DIRECTIVE (EU) 2018/844
184.108.40.206.4 Energy Efficiency Labels
220.127.116.11.1 German Energy Saving Ordinance (EnEV)
18.104.22.168 The Nordic Countries
3.6.3 Asia Pacific
3.7 COVID – 19 impact on the overall industry outlook, 2020 – 2026
3.7.1 Optimistic view
3.7.2 Realistic view
3.7.3 Pessimistic view
3.8 Industry impact forces
3.8.1 Growth drivers
22.214.171.124 Introduction of energy efficiency standards
126.96.36.199 Increasing standard of living
188.8.131.52 Strict government regulations
184.108.40.206 Extreme climatic conditions
220.127.116.11 Increasing demand for space heating
3.8.2 Industry pitfalls & challenges
18.104.22.168 High upfront cost
3.9 Growth potential analysis
3.10 Porter’s analysis
3.11 Competitive landscape, 2019
3.11.1 Strategy dashboard
22.214.171.124 Schneider Electric
126.96.36.199 Robert Bosch
3.12 PESTEL Analysis
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