Electric Underfloor Heating Market Estimation, Global Share, Industry Outlook, Price Trend, Growth Opportunity and Top Regional Forecast 2024
Category: #business  By Rahul Varpe  Date: 2021-08-02
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Electric Underfloor Heating Market Estimation, Global Share, Industry Outlook, Price Trend, Growth Opportunity and Top Regional Forecast 2024

Electric Underfloor Heating Market is projected to surpass USD 2.5 billion by 2024. Increasing consumer awareness toward conservation of energy along with high demand for the installation of reliable heating systems will drive the electric underfloor heating market growth. Rising disposable personal income along with the improving living standards will further complement the product penetration. According to the Office for National Statistics, UK household disposable personal income in the year 2016 was around USD 34,930 which was USD 790 higher when compared with the previous year.

The U.S. electric underfloor heating market will witness strong growth subject to growing space heating demand coupled with increasing energy cost. Advancement in technology along with the declining associated cost will further embellish the business growth. The government of California has implemented building energy efficiency and cost-effective appliance standards which has resulted into an estimated cumulative annual efficiency & conservation savings for electricity to reach over 95,000 GWh by 2016.

Shifting focus towards green buildings coupled with strict government regulations to reduce greenhouse gas emissions will embellish the electric underfloor heating market growth. Introduction of building codes and standards to cut the energy consumption will further complement the industry outlook. The European Union has introduced several directives including Energy Performance of Buildings Directive to achieve the target of nearly zero-energy by 2020.

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Rising energy demand for localized heating across the residential establishments along with high petroleum products' cost will foster the electric underfloor heating market. The European Commission has estimated 64.7% of energy consumption in the residential sector primarily for heating homes.

UK electric underfloor heating market is projected to expand over 7% on account of growing measures to improvise energy security by the reduction of energy consumption. In 2015, UK implemented an energy saving ordinance with an objective to reduce energy consumption across new buildings by 25% and ensures to achieve the carbon-neutral buildings target by 2050.

Russia electric underfloor heating market is predicted to exceed USD 120 million by 2024. Significant growth across residential construction along with increasing awareness towards adoption of low emission heating systems will positively influence the business outlook. Rising demand for heating systems owing to extreme weather conditions will further complement the product demand. In 2015, underfloor heating accounted for over 30% of the overall heating systems across residential establishments.

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Japan electric underfloor heating market is anticipated to witness high growth on account of favorable government initiatives with an aim to increase energy efficiency. Internal migration of population to urban areas from remote locations will further complement the product penetration. In 2016, urban population of the country increased up to 93.9% with an average annual growth rate of 0.62%.

Eminent industry participants in the electric underfloor heating market include Emerson Electric, Uponor, Danfoss, Warmup, Honeywell, Schneider, Sensata technologies, Siemens, Pentair, Robert Bosch, Mitsubishi, Nexans, Amuheat, Hunt Heating, REHAU, and H2O Heating.

Table of Contents

Chapter 1 Methodology & Scope

  • 1.1 Methodology
    • 1.1.1 Initial data exploration
    • 1.1.2 Statistical model and forecast
    • 1.1.3 Industry insights and validation
    • 1.1.4 Market definition and forecast parameters
  • 1.2 Data Sources
    • 1.2.1 Secondary
    • 1.2.2 Primary

Chapter 2 Executive Summary

  • 2.1 Electric underfloor heating industry 360 degree synopsis, 2013 - 2024
    • 2.1.1 Business trends
    • 2.1.2 Facility trends
    • 2.1.3 Application trends
    • 2.1.4 Regional trends

Chapter 3 Electric Underfloor Heating Market Industry Insights

  • 3.1 Industry Segmentation
  • 3.2 Industry landscape, 2013 - 2024 (Revenue)
  • 3.3 Industry ecosystem analysis
    • 3.3.1 Raw material/component outlook
    • 3.3.1.1 Heating pipes
    • 3.3.1.2 Manifold
    • 3.3.1.3 Sensors & thermostats
    • 3.3.1.4 Electric Heating mats
    • 3.3.1.5 Heating cables
    • 3.3.2 Vendor Matrix
  • 3.4 Technology & innovation landscape
    • 3.4.1 Electric vs. hydronic underfloor heating
    • 3.4.1.1 Electric underfloor heating
    • 3.4.1.2 Hydronic underfloor heating
  • 3.5 Regulatory landscape
    • 3.5.1 U.S.
    • 3.5.2 Europe
    • 3.5.3 United Kingdom
    • 3.5.4 Germany
    • 3.5.5 China
    • 3.5.6 Asia Pacific
  • 3.6 Infrastructure/Construction spending outlook, 2016/2015
  • 3.7 Industry impact forces
    • 3.7.1 Growth drivers
    • 3.7.1.1 Introduction of energy efficiency standards
    • 3.7.1.2 Increasing standard of living
    • 3.7.1.3 Strict government regulations
    • 3.7.1.4 Extreme climatic conditions
    • 3.7.1.5 Rapid urbanization and commercialization
    • 3.7.1.6 Increasing demand for space heating
    • 3.7.2 Industry pitfalls & challenges
    • 3.7.2.1 High initial investment
  • 3.8 Growth potential analysis
  • 3.9 Porter's Analysis
  • 3.10 Competitive landscape, 2016
    • 3.10.1 Strategy dashboard
    • 3.10.1.1 REHAU
    • 3.10.1.2 Danfoss
    • 3.10.1.3 Warmup
    • 3.10.1.4 Robert Bosch
    • 3.10.1.5 Uponor
    • 3.10.2 M&A landscape
  • 3.11 PESTEL Analysis
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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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