An
underfloor heating system is a form of radiant heating that allows
heat to pass from a moderately hot element which, in turn, controls
the indoor climate. This provides thermal comfort, thereby avoiding
the need of radiators. The moderately hot element includes floor,
wall, or overheated panel. The underfloor heating system is most
preferred heating system owing to the benefits associated such as no
or minimal maintenance required, provides thermal comfort, flexible
control through single thermostat, and absence of radiators that
ensures safety.
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Underfloor
heating market is segmented on the basis of type, application and
geography. On the basis of type, the underfloor heating market is
categorized into hydronic systems and electric underfloor heating
systems. In hydronic underfloor heating system, heated water is
forced from a boiler through a link of tubing underneath the floor.
The heat conducted through the surface of the floor by hot water
emits radiant energy to the room. An electric underfloor heating
system requires electricity for its operation and uses non-corrosive,
flexible heating elements and less number of components than hydronic
underfloor heating. The global market for electric underfloor heating
systems is expected to witness increased demand over the forecast
period owing to its low installation cost. These systems can be
easily fitted into a single room, in wireless prone area i.e.which do
not require digging wall channels. Based on the applications, the
underfloor heating market is segmented into commercial
(transportation & logistics, hospitality, healthcare, academia
and institutional, and retail), industrial, and residential
(single-family houses and apartments). Furthermore, based on
geography, the underfloor heating market is segmented into five major
regions including North America, Asia Pacific, Europe, Middle East
and Africa, and Latin America.
Increasing
awareness about energy efficiency and renewable energy technology has
significant impact on future demand for underfloor heating systems.
These energy and heating solutions can achieve significant carbon
savings, and help to meet renewable energy targets. Growing quality
of new building techniques such as insulation and controls, is
stimulating the underfloor heating systems market across the globe.
The underfloor heating system market is expected to witness increased
demand owing to growing usage of these systems in residential sector.
The refurbishment activity carried out in developed regions such as
the U.S and Germany, is also anticipated to thrust the market growth.
The rising demand for high level comfort and flexibility is the key
factor driving the market revenue of underfloor heating systems
across the globe. However, slow response time of underfloor heating
is one of the factors that are limiting the growth of underfloor
heating systems.
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Some
of the key players in this market include Schneider Electric SE
(France), Uponor Corporation (Finland), Danfoss A/S (Denmark),
Honeywell International Inc. (U.S), Emerson Electric Co. (U.S.),,
Pentair PLC (U.K.), Mitsubishi Electric (Tokyo), and Robert Bosch
(Germany), Nexans S.A. (France), among others.
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
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