Underfloor Heating Market: Europe Region is Expected to Grow Significantly By 2027
The Europe underfloor heating market will depict a growth rate of around 5% through 2027. This is driven by the deployment of the EU energy efficiency directive by policymakers to ensure the implementation of sustainable heating systems. High consumer awareness about long-term product benefits, coupled with concerns regarding escalating electricity bills, will further proliferate the regional industry outlook.
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Global underfloor heating market size is expected to witness appreciable growth over the estimated timeline, given the robust demand for space heating solutions due to extreme weather conditions. Likewise, the rapid industrialization and the increasing commercial building construction projects will also boost underfloor heating installation activities.
Due to the depletion of conventional fuels, governments worldwide are implementing varied stringent regulatory standards. Underfloor heating units are being employed to make the home more energy-efficient and reduce carbon emissions. High awareness about energy conservation, the rising standard of living, and technological advancements will further generate growth opportunities for the overall industry in the years ahead. The global underfloor heating market is likely to register a revenue of over $8.5 billion by 2027.
Considering facility, the existing buildings segment is projected to account for a major share in the underflooring heating industry by 2027. This can be credited to the escalating number of retrofitting projects designed to meet the strict energy-efficiency norms. Furthermore, the seamless installation, optimized heating, reduced installation time, and mounting adoption of underfloor heating mats across existing buildings will add significant impetus to the overall industry share.
On the basis of application, the underfloor heating market from the residential segment will amass considerable profits by 2027. This is due to the low upfront costs, alongside the rising adoption of ready-to-use heating mats across the sector. The capability of these units to offer zoned and cost-effective heating via smart thermostats and Wi-Fi is also expected to amplify the demand for different types of underfloor heating systems in the residential sector.
The ongoing coronavirus pandemic has posed unprecedented challenges to the global economy, due to the initiation of full-scale lockdowns, with major organizations making targeted efforts to understand the true impact of the crisis. The World Economic Forum brought together various supply chain executives, government leaders, senior operations, civil society, and academia to examine the economic impacts of the pandemic. Such movements are anticipated to encourage companies to address the existential and short-term challenges while focusing on long-term objectives.
The competitive landscape of the global underfloor heating market comprises companies such as Daikin, Mitsubishi Electric Corporation, Robert Bosch GmbH, Uponor Corporation Amuheat, REHAU AG, Eberle, and Danfoss, among others. These market participants are focusing on new system launches, mergers, and acquisitions to boost their footprint across the global market. To illustrate, in March 2021, Uponor unveiled a new range of underfloor heating packs. These products have been designed to help installers efficiently complete high-quality projects, including for timber, screed, and low-profile applications.
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Some Point from Table of Contents:
Chapter 4 Underfloor Heating Market, By Product
4.1 Underfloor heating industry share by product, 2020 & 2027
4.2 Electric
4.2.1 Global market from electric, 2017 - 2027
4.2.2 Global market from electric, by region, 2017 - 2027
4.3 Hydronic
4.3.1 Global market from hydronic, 2017 - 2027
4.3.2 Global market from hydronic, by region, 2017 - 2027
Chapter 5 Underfloor Heating Market, By Facility
5.1 Underfloor heating market share by facility, 2020 & 2027
5.2 Existing buildings
5.2.1 Global market from existing buildings, 2017 - 2027
5.2.2 Global market from existing buildings, by region, 2017 - 2027
5.3 New buildings
5.3.1 Global market from new buildings, 2017 - 2027
5.3.2 Global market from new buildings, by region, 2017 - 2027
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