Underfloor Heating Market 2021 – 2030: Innovation and Product Optimization to Boost Growth

As per the report published by Allied Market Research, the global underfloor heating market was pegged at $4.30 billion in 2020, and is expected to reach $8.39 billion by 2030, growing at a CAGR of 6.9% from 2021 to 2030.

Rise in urban migration, rapid expansion of multi-story buildings, and strict government regulations regarding ban of gas boilers have boosted the growth of the global underfloor heating market. However, high upfront cost hinders the market growth. On the contrary, rapid development of the construction sector in developed and developed countries would open new opportunities in the future.

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The Canadian government policies for permanent residency for immigrants have led to the boom of residential construction which has been a significant factor in driving the growth of the underfloor heating market. The increase in awareness among the individuals in regards to the application of underfloor heating equipment to improve the standard of living has boosted the demand for this product. High upfront cost such as installation and improper awareness among the people regarding the underfloor heating equipment is major factor hampering the growth of the market.

The report segments the global underfloor heating market on the basis of product, system, installation, end use, and region.

Based on product, the hydronic segment held the largest share in 2020, accounting for nearly three-fourths of the market. However, the electric segment is estimated to register the highest CAGR of 7.2% during the forecast period.

On the basis of system, the heating system segment dominated the market in 2020, contributing to nearly two-thirds of the market. However, the control system segment is projected to manifest the highest CAGR of 7.8% during the forecast period.

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The global underfloor heating market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Europe held the largest share in 2020, accounting for nearly two-fifths of the market. However, the market across Asia-Pacific is expected to register the highest CAGR of 7.6% during the forecast period.

The global underfloor heating market includes an in-depth analysis of the prime market players such as Danfoss, Emerson Electric Co., Daikin, Mitsubishi Electric Corporation, Honeywell, Robert Bosch, Pentair Plc, Schneider Electric, Siemens, and Thermosoft International.

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Covid-19 scenario:

  • The Covid-19 pandemic negatively affected the market as the underfloor heating systems may become culprit of microbial contamination in enclosed spaces.
  • The shutdown of construction and engineering projects led to financial recession in the construction industry. This negatively affected the demand for underfloor heating devices.

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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