Global Electric Underfloor Heating Market Size, Trends and Growth Opportunity, By Products (Heating Mats and Heating Cable) By Application (Residential and Commercial Building), By Region and Forecast Till 2027
Description
Global Electric Underfloor Heating Market Size, Trends and Growth Opportunity, By Products (Heating Mats and Heating Cable) By Application (Residential and Commercial Building), By Region and Forecast Till 2027
Global Electric Underfloor Heating Market
The global electric underfloor market was valued at USD 2 billion in 2021 and it is expected to reach at USD 3 billion in 2027 at a CAGR of 4.0% during forecast period 2022-2027.
Electric underfloor heating is a process of space-heating that uses a thin heating wire installed under the surface of your floor. These wires heat up when required and the floor surfaces which gives off radiant heat to your room. The floor will also feel warm underfoot. Electronic underfloor also prevents dust circulated into the space. These are widely used in residential, industrial and for commercial purpose. Perpetual innovation in technologies will escalate the electric underfloor heating market.
Market Drivers
The growing demand for reliable heating solution in cold areas, increasing investment in constructing smart buildings accelerates the demand for electric underfloor heating market. Also with energy rising consumption across hotels and shopping malls and growing demand for high-level comfort, with increase in income level boost the growth of this market. Moreover, manufacturers are focusing on various strategic initiatives including joint ventures, strategic partnerships and merger &acquisition are the key factor in driving the growth for electric underfloor heating market.
Market Restraints
Most of the consumer are still not aware about the electric underfloor heating method, These are feasible but still incurred high manufacturing cost ,also electric underfloor heating may be difficult to repair and maintain. Thus, manufacturing cost and awareness among consumer is the major challenge in driving the growth for electric underfloor heating market.
COVID-19 Impact on Electric Underfloor Heating Market
With the outbreak of covid-19 the electric underfloor heating market adversely affected like any other industry, the pandemic caused lockdown in many countries which has limited the growth of the market, with decrease in infrastructure and construction development during pandemic has negative impact on the development of market. Due to stringent regulation and shutting down of various industries led to financial recession in construction and manufacturing industry which declined the market for electric underfloor heating market.
Market Segmentation
The global corporate clothing market segmented on the basis of product and application. On the basis of product type is segmented into heating mats and heating cable. On the basis of application, it segmented into residential and commercial building.
Regional Analysis
The global electric underfloor heating market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. Asia pacific is expected to remain at the forefront and hold the highest position as it is expected to reach USD 820 million by 2027. Chinese market is expected to gain substantial rise due to increasing demand for instant floor heating solution and progressive inclination towards infrastructure and construction development.
Key Players
Various key players are listed in this report such as Danfoss, Rehau AG, Uponor Corporation, Amuheat, Robert Bosch, Warmup, Magnum Heating group B.V.,Siemens, Heatcom Corporation A/S, Watts, Honeywell International Inc., nVent Electric and Ensto.
Market Taxonomy
By Products
Heating mats
Heating cable
By Application
Residential
Commercial building.
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Key Question Addressed by the Report
What are the Key Opportunities in Electronic Underfloor Heating Market?
What will be the growth rate from 2022 to 2027.
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the role of key players in the value chain?
What is the competitive Landscape in the industry?
Global Electric Underfloor Heating Market
The global electric underfloor market was valued at USD 2 billion in 2021 and it is expected to reach at USD 3 billion in 2027 at a CAGR of 4.0% during forecast period 2022-2027.
Electric underfloor heating is a process of space-heating that uses a thin heating wire installed under the surface of your floor. These wires heat up when required and the floor surfaces which gives off radiant heat to your room. The floor will also feel warm underfoot. Electronic underfloor also prevents dust circulated into the space. These are widely used in residential, industrial and for commercial purpose. Perpetual innovation in technologies will escalate the electric underfloor heating market.
Market Drivers
The growing demand for reliable heating solution in cold areas, increasing investment in constructing smart buildings accelerates the demand for electric underfloor heating market. Also with energy rising consumption across hotels and shopping malls and growing demand for high-level comfort, with increase in income level boost the growth of this market. Moreover, manufacturers are focusing on various strategic initiatives including joint ventures, strategic partnerships and merger &acquisition are the key factor in driving the growth for electric underfloor heating market.
Market Restraints
Most of the consumer are still not aware about the electric underfloor heating method, These are feasible but still incurred high manufacturing cost ,also electric underfloor heating may be difficult to repair and maintain. Thus, manufacturing cost and awareness among consumer is the major challenge in driving the growth for electric underfloor heating market.
COVID-19 Impact on Electric Underfloor Heating Market
With the outbreak of covid-19 the electric underfloor heating market adversely affected like any other industry, the pandemic caused lockdown in many countries which has limited the growth of the market, with decrease in infrastructure and construction development during pandemic has negative impact on the development of market. Due to stringent regulation and shutting down of various industries led to financial recession in construction and manufacturing industry which declined the market for electric underfloor heating market.
Market Segmentation
The global corporate clothing market segmented on the basis of product and application. On the basis of product type is segmented into heating mats and heating cable. On the basis of application, it segmented into residential and commercial building.
Regional Analysis
The global electric underfloor heating market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. Asia pacific is expected to remain at the forefront and hold the highest position as it is expected to reach USD 820 million by 2027. Chinese market is expected to gain substantial rise due to increasing demand for instant floor heating solution and progressive inclination towards infrastructure and construction development.
Key Players
Various key players are listed in this report such as Danfoss, Rehau AG, Uponor Corporation, Amuheat, Robert Bosch, Warmup, Magnum Heating group B.V.,Siemens, Heatcom Corporation A/S, Watts, Honeywell International Inc., nVent Electric and Ensto.
Market Taxonomy
By Products
Heating mats
Heating cable
By Application
Residential
Commercial building.
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Key Question Addressed by the Report
What are the Key Opportunities in Electronic Underfloor Heating Market?
What will be the growth rate from 2022 to 2027.
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the role of key players in the value chain?
What is the competitive Landscape in the industry?
Table of Contents
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Electric Underfloor Heating Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Electric Underfloor Heating Market, By Products
- 5.1 Y-o-Y Growth Comparison, By Products
- 5.2 Global Electric Underfloor Market Share Analysis, By Products
- 5.3 Global Electric Underfloor Market Size and Forecast, By Products
- 5.3.1 Heating Mats
- 5.3.2 Heating Cables
- 6 Global Electric Underfloor Heating Market, By Demography
- 6.1 Y-o-Y Growth Comparison, By Demography
- 6.2 Global Electric Underfloor Market Share Analysis, By Demography
- 6.3 Global Electric Underfloor Market Size and Forecast, By Demography
- 6.3.1 Residential
- 6.3.2 Commercial Building
- 7 Global Electric Underfloor Heating Market, By Region
- 7.1 Global Electric Underfloor Heating Share Analysis, By Region
- 7.2 Global Electric Underfloor Heating Market Share Analysis, By Region
- 8 North Electric Underfloor Heating Analysis and Forecast (2022-2027)
- 8.1 Introduction
- 8.2 North America Electric Underfloor Heating Market Share Analysis, By Products
- 8.3 North America Electric Underfloor Heating Market Size and Forecast, By Demography
- 8.4 North America Electric Underfloor Heating Market Size and Forecast, By Country
- 8.4.1 U.S
- 8.4.2 Canada
- 8.4.3 Mexico
- 9 Europe Electric Underfloor Heating Analysis and Forecast (2022-2027)
- 9.1 Introduction
- 9.2 Europe Electric Underfloor Heating Market Share Analysis, By Products
- 9.3 Europe Electric Underfloor Heating Market Size and Forecast, By Demography
- 9.4 Europe Electric Underfloor Heating Market Size and Forecast, By Country
- 9.4.1 Germany
- 9.4.2 France
- 9.4.3 UK
- 9.4.4 Rest of Europe
- 10 Asia Pacific Electric Underfloor Heating Market Analysis and Forecast (2022-2027)
- 10.1 Introduction
- 10.2 Asia Pacific Electric Underfloor Heating Market Share Analysis, By Products
- 10.3 Asia Pacific Electric Underfloor Heating Market Size and Forecast, By Demography
- 10.4 Asia Pacific Electric Underfloor Heating Market Size and Forecast, By Country
- 10.4.1 China
- 10.4.2 Japan
- 10.4.3 India
- 10.4.4. Rest of Asia Pacific
- 11 Latin America Electric Underfloor Heating Market Analysis and Forecast (2022-2027)
- 11.1 Introduction
- 11.2 Latin America Electric Underfloor Heating Market Size and Forecast, By Products
- 11.3 Latin America Electric Underfloor Heating Market Size and Forecast, By Demography
- 11.4 Latin America Electric Underfloor Heating Market Size and Forecast, Country
- 11.4.1 Brazil
- 11.4.2. Rest of Latin America
- 12 Middle East Electric Underfloor Heating Market Analysis and Forecast (2022-2027)
- 12.1 Introduction
- 12.2 Middle Electric Underfloor Heating Market Share Analysis, By Products
- 12.3 Middle Electric Underfloor Heating Market Size and Forecast, By Demography
- 12.4 Middle Electric Underfloor Heating Market Size and Forecast, By Country
- 12.4.1. Saudi Arabia
- 12.4.2. UAE
- 12.4.3. Egypt
- 12.4.4. Kuwait
- 12.4.5. South Africa
- 13 Competitive Analysis
- 13.1 Competition Dashboard
- 13.2 Market share Analysis of Top Vendors
- 13.3 Key Development Strategies
- 14 Company Profiles
- 14.1 Danfoss
- 14.1.1 Overview
- 14.1.2 Offerings
- 14.1.3 Key Financials
- 14.1.4 Business Segment & Geographic Overview
- 14.1.5 Key Market Developments
- 14.1.6 Key Strategies
- 14.2. Rehau AG
- 14.2.1 Overview
- 14.2.2 Offerings
- 14.2.3 Key Financials
- 14.2.4 Business Segment & Geographic Overview
- 14.2.5 Key Market Developments
- 14.2.6 Key Strategies
- 14.3. Uponor Corporation
- 14.3.1 Overview
- 14.3.2 Offerings
- 14.3.3 Key Financials
- 14.3.4 Business Segment & Geographic Overview
- 14.3.5 Key Market Developments
- 14.3.6 Key Strategies
- 14.4 Amuheat
- 14.4.1 Overview
- 14.4.2 Offerings
- 14.4.3 Key Financials
- 14.4.4 Business Segment & Geographic Overview
- 14.4.5 Key Market Developments
- 14.4.6 Key Strategies
- 14.10.3 Key Financials
- 14.10.4 Business Segment & Geographic Overview
- 14.10.5 Key Market Developments
- 14.10.6 Key Strategies
- 14.5 Robert Bosch
- 14.5.1 Overview
- 14.5.2 Offerings
- 14.5.3 Key Financials
- 14.5.4 Business Segment & Geographic Overview
- 14.5.5 Key Market Developments
- 14.5.6 Key Strategies
- 14.6 Warmup
- 14.1 Overview
- 14.6.2 Offerings
- 14.6.3 Key Financials
- 14.6.4 Business Segment & Geographic Overview
- 14.6.5 Key Market Developments
- 14.6.6 Key Strategies
- 14.7. Magnum Heating group B.V
- 14.7.1 Overview
- 14.7.2 Offerings
- 14.7.3 Key Financials
- 14.7.4 Business Segment & Geographic Overview
- 14.7.5 Key Market Developments
- 14.7.6 Key Strategies
- 15.8 Siemens
- 14.8.1 Overview
- 14.8.2 Offerings
- 14.8.3 Key Financials
- 14.8.4 Business Segment & Geographic Overview
- 14.8.5 Key Market Developments
- 14.8.6 Key Strategies
- 14.9 Heatcom Corporation A/S
- 14.9.1 Overview
- 14.9.2 Offerings
- 14.9.3 Key Financials
- 14.9.4 Business Segment & Geographic Overview
- 14.9.5 Key Market Developments
- 14.9.6 Key Strategies
- 14.10 Honeywell International Inc.
- 14.10.1 Overview
- 14.10.2 Offerings
- 14.10.3 Key Financials
- 14.10.4 Business Segment & Geographic Overview
- 14.10.5 Key Market Developments
- 14.10.6 Key Strategies
Pricing
Currency Rates
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