Flexible Packaging Market is Beyond Just...
Posted in Manufacturing by Adolf on Jul 19,2022 829
The hydronic underfloor heating system was initially used by Romans to heat their personal spaces. After the World War II, the industry observed swift developments in technology and product design. This heating arrangement can be described as the application of electrical systems or water systems to the floor in order to produce heat under the flooring. The electrical systems apply electrical cables in order to generate the heat, whereas water systems use the length of a pipe in order to pump water via a heat source to heat the floor.
The on-going rollouts for efficient & improved space heating services across smart cities together with increasing number of green building projects will fuel the product demand. Moreover, the growing commercial & residential sector along with rapid industrialization will further drive the market trends.
Underfloor heating is considered to be ideal for new builds and also becoming more popular for renovations because of new product innovations in this area. The growth of the trend toward contemporary design has motivated consumers to generate a clean and uncluttered look throughout their homes. Besides, the high growth of the residential market can be attributed to the rising awareness about the advantages of underfloor heating systems used in housing properties. The huge growth rate of market for the residential application is mainly because of the growth of refurbishment activity in many developed nations.
Furthermore, the considerable reduction in the upfront price and installation time coupled with the development of ready-to-use heating mats will catalyse the evolution across the residential sector. The electric underfloor heating offers effective heating services for small household applications including kitchens and bathrooms.
Market Highlights –
The Global Underfloor Heating Market size is estimated to grow from US$ 4.8 billion in 2022 to US$ 7.0 billion by 2027, at a CAGR of 7.6%. Strong government support for the adoption of energy-efficient underfloor heating products is one of the major factors driving the growth of the underfloor heating market. Other factors driving the growth of the market are raising demand for cost-effective heating solutions, stringent government codes, and high level of comfort and flexibility. However, speed and responsiveness issues are expected to restrain the growth of the market.
Between offerings, the market for the services segment mainly covers services, installation, repair and maintenance. Installation services are increasingly being adopted for hydronic underfloor heating systems. The market for heating mats is expected to grow at the fastest rate due to higher adoption of do-it-yourself (DIY) underfloor heating systems. Electric DIY floor heating mats are popular because the user can simply unroll the mat, connect it to the electrical system, and then cover it with the flooring material. Generally, ceramic tile, granite flooring, and any other natural stone product work well with these electrical DIY underfloor heating mats as underfloor heating mats are very thin.
In the recent trends, energy saving is one of the most important issues that is affecting consumers and the global environment. The residential sector is considered to be one of the most critical markets for underfloor heating systems because of its high impact on energy consumption. Heating systems consume a significant amount of energy. An underfloor heating system is a viable option for high-efficiency residential space heating in cold climates. Many house buyers now appreciate the benefits of underfloor heating and see it as a premium feature when choosing a new home.
Underfloor heating has been popular in Europe for many years, and the demand for this technology is growing rapidly in Europe. Recent technological advances have led to the increasing adoption of underfloor heating in the mainstream market as systems become easier to install, properties are better insulated, and the benefits of underfloor heating are more widely known.
Covid-19 pandemic has impacted the supply and demand status for many industries along the supply chain. The report on the aforementioned subject makes a brilliant attempt to unveil key opportunities available in the market under the covid-19 impact to help clients in achieving a better market position. No matter the client is industry insider, potential entrant or investor, the report will provide useful data and information.
The underfloor heating market comprises major players such as Uponor (Finland), Resideo Technologies Inc. (US), nVent Electric (UK), Warmup (UK), Rehau (Switzerland), Emerson (US), Robert Bosch (Germany), Danfoss (Denmark), Mitsubishi Electric (Japan), and Siemens (Germany) are the key players in the underfloor heating market. These top players have strong portfolios of products and services and presence in both mature and emerging markets. The study includes an in-depth competitive analysis of these key players in the underfloor heating market, with their company profiles, recent developments, and key market strategies.