Rapid expansion in building and construction industry coupled with cohesive government regulations that are imposed for environmental-friendly construction has enabled the manufacturers towards the development of energy-efficient heating systems. Underfloor heating system are used to maintain temperatures at a desired level by using thermal energy that is passed through a moderately hot element. It offers low maintenance cost and thermal comfort; resulting in the demand for underfloor heating systems. Underfloor heating system requires less functional energy than radiators and requires lower flow temperature to heat a room, which marks its rapid adoption across the globe. Favorable government regulation towards the use of underfloor heating is one of the prime factors propelling market growth. Underfloor heating uses renewable sources of energy and due to its low heat requirement, the underfloor heating systems can also run on solar panels. This results in the electricity cost reduction and provides cost-effective heating solution, in turn, fueling the growth of the underfloor heating market.
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The underfloor heating system market is segmented on the basis of product type and applications. Based on the product type, the market is segmented into hydronic system and electric systems. Among which, the hydronic underfloor heating system is expected to show steady growth in the market during the forecast period, as it uses hydel energy to heat up the space which is a renewable energy source and substantially minimizes the energy consumption. Moreover, the hydronic system offers invisible deployment, utilizes low width pipes, which fosters its demand in underfloor heating system market. Based on application, the market is segmented into residential, commercial, and industrial. A significant application of underfloor heating system is studied in the residential sector across the globe. Rising disposable income and changing living standards has accelerated the market growth for residential underfloor heating system.
Geographically, the global underfloor heating market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America is expected to register significant growth in the global market during the forecast period. Increasing construction projects and favorable government policies regarding energy conservation has led to the development of the underfloor heating system in the region. Moreover, rising consumer awareness towards the energy-efficient products and use of renewable energy sources in the region, especially in the US, tends to fuel the growth of the underfloor heating system in North America.
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Global Underfloor Heating Market Segmentation
By Product Type
- Hydronic Systems
Heating Pipes
Sensors and Thermostats
Manifolds
Electric Systems
Heating Cables
Heating Mats
By Application
- Residential
Commercial
Industrial
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
