Electric Underfloor Heating Market Development, Growth, Key Players and Demand Forecast to 2024
Date: 2018-11-13   Author: Partha Ray  Category: #technology

Electric Underfloor Heating Market Development, Growth, Key Players and Demand Forecast to 2024

The prime objective of Electric Underfloor Heating Market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report.

U.S. electric underfloor heating market is set to reach over USD 500 million by 2024. Increasing demand for space heating along with rising energy cost will fuel the business growth. Advancement in technology coupled with declining associated cost will further complement the industry landscape. The government of California has introduced standards to improve the building efficiency with an aim to reduce the overall energy cost.

Growing consumer awareness toward energy conservation coupled with increasing installation of reliable heating systems will stimulate the electric underfloor heating market size. Rising disposable income coupled with improving living standards will further embellish the product demand. As per Office for National Statistics (Great Britain), UK household disposable income was USD 34,930 in the financial year 2016 which was USD 790 higher than the previous year.

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

UK electric underfloor heating market is set to grow over 7% owing to growing measures toward improvisation of energy security by reducing the energy consumption. In 2015, the country has introduced an energy saving ordinance to cut down the energy consumption by 25% across new buildings and ensures the achievement of target for carbon-neutral buildings by 2050.

Russia electric underfloor heating market is set to surpass USD 120 million by 2024. Paradigm shift in population demographics along with significant growth in residential construction will augment the industry landscape. Growing demand for heating systems subject to extreme climatic conditions will further escalate the product penetration. In 2015, underfloor accounted for 32% of the overall heating devices across residential buildings.

Japan, in 2016, accounted for over 15% of Asia Pacific electric underfloor heating market share. Increasing adoption of low emission heating systems coupled with favorable government initiatives to increase energy efficiency will positively influence the business growth. Internal migration of population from remote locations to urban areas will further boost the product demand. In 2016, urban population in Japan has increased up to 93.9% with average growth rate of 0.62% per year.

Growing consumer awareness toward energy conservation coupled with increasing installation of reliable heating systems will stimulate the electric underfloor heating market size. Rising disposable income coupled with improving living standards will further embellish the product demand. As per Office for National Statistics (Great Britain), UK household disposable income was USD 34,930 in the financial year 2016 which was USD 790 higher than the previous year.

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Shifting focus toward green buildings along with stringent government regulations to reduce carbon footprints will augment the electric underfloor heating market. Introduction of building standards and codes to reduce the energy consumption will further augment the industry landscape. As per the European Union, several directives including EBPD has been introduced to achieve the target of ZEB by 2020.

High cost associated with petroleum products along with rising energy demand for localized heating from residential establishments will drive the electric underfloor heating market. As per European Commission, residential sector accounts for 64.7% of energy consumption primarily for heating homes.

Charts & Figures on Electric Underfloor Heating Market Report

FIG. 1     Industry segmentation

FIG. 2     Industry landscape, 2013 - 2024 (USD Million)

 

FIG. 3     Industry ecosystem analysis

FIG. 4     Primary energy savings from efficiency gains in China (Exajoules), 2014

 

FIG. 5     Greenhouse gas emissions saved by heat pump stock (Mt), 2013

FIG. 6     Finland average temperature trend, Degree Celsius, 2016

 

FIG. 7     Global urban population growth percentage of total, Percentage, 2010 – 2016

FIG. 8     Projected change in number of households and population in Scotland (%), 2015

 

FIG. 9     Growth potential analysis

FIG. 10   Porter's Analysis

 

FIG. 11   PESTEL Analysis

FIG. 12   Global electric underfloor heating revenue share, by facility, 2016 & 2024

 

FIG. 13   Global electric underfloor heating revenue share, by application, 2016 & 2024

FIG. 14   Global electric underfloor heating regional revenue share, 2016 & 2024

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About Author


Partha Ray

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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