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.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Underfloor Heating Market – Segmentation
By Product Type
- Hydronic Systems
o Heating Pipes
o Sensors and Thermostats
o Manifolds
- Electric Systems
o Heating Cables
o Heating Mats
By Application
- Residential
- Commercial
- Industrial
Global Underfloor Heating Market – Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers:
- Comprehensive research methodology of the global underfloor heating system market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global underfloor heating system market.
- Insights about market determinants which are stimulating the global underfloor heating system market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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