Increasing Residential Applications Set to Augment the Global Under Floor Heating Market
Market Synopsis:
Market Research Future (MRFR)’s assessment asserts that the global under floor heating market is set to exhibit a moderate CAGR over the forecast period. The market is anticipated to reach a decent valuation by the end of 2027. Under floor heating is one of the oldest ways of regulating indoor atmosphere leveraging conduction, radiation, and convection for thermal comfort. Technological developments over the years have led to an expansion of the market and are likely to dictate the future trajectory of the market in the years to come.
Under floor heating systems do not require the use of radiators which ensures safety and security. This is expected to augment the market in the forthcoming years. In addition, the low installation cost of these systems is poised to attract a larger customer base in the foreseeable future. It is presumed to revolutionize the growth pattern of the under floor heating market over the assessment period owing to drop in temperatures in winter seasons.
The penetration of major industries such as healthcare, transportation & logistics, education, hospitality, etc. is forecasted to work favorably for the participants of the under floor heating market in the years to come. The growth of these industries is prognosticated to catalyze market growth. In addition, the development of eco-friendly techniques for under floor heating is further anticipated to aid the proliferation of the under floor heating market.
Market Segmentation:
By type, the global under floor heating market has been segmented into hydronic system and electric system. The hydronic system segment has been further sub-segmented into heating pipes, sensors and thermostats, and manifolds. The electric system segment has been sub-segmented into heating cables, heating mats, sensors and thermostats, and manifolds.
By application, the underfloor heating market has been segmented into commercial, industrial, and residential.
Regional Analysis:
By region, the global under floor heating market has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa (MEA). Europe is anticipated to hold the maximum market share over the forecast period. The regional under floor heating market has been projected to exhibit decent growth owing to the awareness about minimum adverse effects of these systems on the environment. The growing awareness about environmental degradation is presumed to drive the expansion of the market in the region. Also, under floor heating market is forecasted to gain quick mileage in North America owing to rising residential applications.
Competitive Dashboard:
Some of the key participants of the under floor heating market included in the market share analysis are Uponor Corporation (Finland), Emersion Electric Co. (US), Honeywell International Inc. (US), Danfoss A/S (Denmark), Robert Bosch GmbH (Germany), Nexans (UK), Rayotec Ltd. (UK), Incognito Heat Co Ltd. (Scotland), Robot UK Ltd (UK), Solfex Ltd. (UK), and Uheat (UK).
Industry News:
In March 2019, +31Architects, Dutch architectural firm, has completed designing a series of solar-powered motorized floating homes with a pellet-powered underfloor heating system. The firm, in partnership with a German manufacturer named WSM Die Wohnschiff-Manufaktur, plans on completing the prototypes by the end of this year.
In March 2019, Trago Mills, a department store company based out of the U.K., has announced the release of carpet ranges which are compatible with under-floor heating (1.65 Tog).
In January 2019, Longcliffe Quarries, U.K.’s leading supplier of high-quality calcium carbonate products, has announced the launch of Longfloor, which is a fast-drying floor screed solution for commercial, domestic, and under floor heating applications.
In January 2019, a renewable energy company, Isoenergy, initiated working on eco-friendly under floor heating system for Bath Abbey, an Anglican parish church in England, using hot water from the city’s Roman baths.