Underfloor Heating Market to Reach $4.23 Billion by 2023 - Increasing Demand for Renewable Energy Products

DUBLIN, July 27, 2017 /PRNewswire/ --

The "Underfloor Heating Market by Component (Heating Cables, Heating Mats, Sensor & Thermostat, Heating Pipes, Manifolds), Type (Hydronic Underfloor Heating, Electric Underfloor Heating), Application and Geography - Global Forecast to 2023" report has been added to Research and Markets' offering.

The underfloor heating system market is expected to reach USD 4.23 Billion by 2023, at a CAGR of 7.5% between 2017 and 2023. The progress in research and development (R&D) facilities, increasing demand for renewable energy products, and encouragement of energy efficient products are the key drivers for the underfloor heating system market.

This market is segmented on the basis of component, installation, type, application, and geography. Among all applications, the residential application is expected to grow at the highest CAGR during the forecast period. The development of real estate and because of considering it as a key feature for residential application is expected to show high growth in the coming years.

On the basis of type, the underfloor heating system market has been segmented into electrical systems and hydronic systems. The low operational cost, longevity, and the requirement of minimal energy, once the room is heated, are some of the key drivers for the hydronic underfloor heating system market.

The underfloor heating system on the basis of installation has been segmented into new installation and retrofitting. The new installation is expected to grow at the highest CAGR between 2017 and 2023. The market for n ew housing offers underfloor heating a significant opportunity, as more rigorous energy-efficiency legislation is being introduced in developed nations with changes to building regulations supporting sustainable homes. For example, in the UK, the code for sustainable homes was introduced by the government in 2007 to improve the environmental specification of new homes. The code measures the sustainability of a new home against 9 categories of sustainable design. The specification ranges from levels 0 to 6 (zero carbon). The code sets minimum standards for energy use at each level, in addition to some mandatory elements that should be met. Owing to all these new standards and mandates, this market is expected to grow rapidly during the forecast period.

Companies Mentioned

• Danfoss A/S
• Demotek (Israel)
• Emerson Electric Co.
• Flexel (Uk)
• Honeywell International Plc
• Incognito Heat Co.
• Jupiter Underfloor Heating (England)
• Mitsubishi Electric Corporation
• Myheat Electric (Soctland)
• Nexans S.A.
• Pentair Plc
• Project Heating Co. Ltd. (Uk)
• Rayotec Ltd. (Uk)
• Rehau (Uk)
• Robert Bosch Gmbh
• Robot Underfloor Heating
• Schneider Electric Se
• Siemens Ag
• Siemens Ag (Germany)
• Solfex Ltd. (Uk)
• Speedheat Underfloor Heating (South Africa)
• Startup - Ecosystem
• Toshiba Corporation (Japan)
• Uheat (England)
• Uponor Corporation
• Warmup
  

Key Topics Covered:

1 Introduction 

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Types of Floor for Underfloor Heating

7 Underfloor Heating Market, By Component

8 Underfloor Heating Market, By Type

9 Underfloor Heating Market, By Installation

10 Underfloor Heating Market, By Application

11 Geographical Analysis

12 Competitive Landscape

13 Company Profile

For more information about this report visit https://www.researchandmarkets.com/research/xlh5d3/underfloor

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SOURCE Research and Markets