Updating heating systems or fitting a new one at a residence or an office is often a daunting job for individuals. Underfloor heating is a gentle and effortless way to keep your property warm. Underfloor heating is the most viable alternative to the traditional fireplaces and conventional radiators. Moreover, it provides an energy-efficient form of heating than its peers. Though this technology evolved in the ancient Roman and Asian times, it is undergoing ultra-modernization to meet with the demands such as personalization, low-costs, and installation ease in the present scenario. The underfloor heating systems offer off-peak energy and zone control, which make them more affordable for the population than they presume. This makes the underfloor heating installations to be more prevailing. As a result, the global Underfloor Heating Market size reached a value of $2.7 billion in 2018, and the demand is projected to rise at a CAGR of 7.8% during 2019-2025.
Energy Conservation of Europe Stipulate the Underfloor Heating Market
Europe is the leading region in the global underfloor heating market, accounting for a revenue share of about 33.6% as of 2018. The increasing innovations in the heating technologies and government initiatives to bring the digital revolution in the heating and cooling industry are amplifying the growth of the underfloor market. As a part of the digital revolution, heating systems are monitored with the help of smartphones that help to mitigate energy-consumption of the heating systems. The government associations promote these endeavors are transforming the underfloor heating market in Europe. Furthermore, the hybrid and digital heating solutions which use the renewable sources are augmenting the underfloor heating market demand in this region.
Residential Sector – Radiating With the DIY Installations of Underfloor Heating Systems
The residential sector dominates the global underfloor heating market, and the demand is further thriving with a CAGR of 9.5% during the forecast period. Radiant heat offers luxury-feeling for the residential properties. Under tile or underfloor heating systems are the easiest to install. These systems, mainly dry installation systems are often preferred during the renovation of homes or even increase the demand for the property during reselling. The heating maps of these systems are kept under a rug and plugged into the wall, making them ideal for DIY (do-it-yourself) installations in the small spaces such as independent houses. However, larger systems need professional expertise. Consequently, underfloor heating installations are less hassle and are for one-time installation thereby being an optimal choice for the residences. Moreover, a typical heating system for a household utilizes energy and costs that consume about 42% of a household’s utility bill. With proper heating systems and settings, programmable thermostat, and proper air sealing the energy costs of a house can be reduced by 30% and also cuts the environmental emissions. Owing to these soaring demands, the underfloor heating systems are an ideal choice for the residential sector.
Underfloor Heating Market Growth Drivers and Trends
Ecommerce Driving the Sales of the Underfloor Heating Market
Radiant heating products such as heating cables, pipes, and mats are seeking massive growth with the increasing sales from the ecommerce sites. Underfloor heating systems, especially electric radiant heat products which are comfortable to install are experiencing substantial demand through online sales. A prodigious contribution from trade professionals and DIY installers are boosting the ecommerce sales of the underfloor heating products.
Renovation and Remodeling Market Boost the Underfloor Heating Market
Renovation and reconstruction market is a dominant segment in the global construction industry. Wet and electric heating systems in the underfloor heating is gaining massive traction in the retrofit market. Their ability to co-exist and integrate with other radiators and towel rails are further enhancing this growth. In addition, the layout flexibility offered by these underfloor heating kits allows the designers to create a comfortable and plausible environment during the renovation. Thus, flexibility and integration of the underfloor heating systems are propelling in the renovation and reconstruction market.
Energy-Consumption Driving the Demand for Underfloor Heating Market
Energy consumption is a major challenge for nations around the world. The global energy consumption has risen from 565.051 Quadrillion BTU in 2013 to 579.544 Quadrillion BTU in 2016, according to the Energy Information Administration (EIA). Governments of various nations are promoting initiatives and setting benchmarks to reduce the energy consumption in the residential and commercial spaces. As aforementioned, the underfloor heating is energy efficient due to their working then its competitors. Underfloor heating often insulates the area just adequate according to its size. Both electric and water-based heating systems provide consistent and efficient warmth to the room. For instance, the conventional radiators heat the room, which results in the cold spots, thereby consuming more energy. However, this scenario can be eliminated in the underfloor heating systems. The desired temperature is achieved with the help of an on-wall thermostat which sets the temperature just right and consumes adequate energy making it as a viable option. As a result, energy-efficiency of these systems are driving the growth of the underfloor heating market.
Electric Underfloor Heating - A Hot New Trend in the Commercial Spaces
Ergonomic Trend In The Workspaces - Electric radiant heating can be operated at a local level independently, making them more feasible for the workspaces and other commercial environments. In addition, programmable thermostats can be activated independently in the spaces according to the working duration of the occupants. Thus, the adjustable controlling feature of the electric radiator enriches the customized comfort of the employees, which influence their efficiency.
As an Appealing Trend in the Hospitality Industry – Underfloor or in-floor heating makes room for enhanced interior as they do not occupy any space. These systems are equipped with an anti-fracture membrane that can be attached to concrete or wooden subfloors. Heated floors provide the perk of design freedom unlike the radiators, which are bulky and space consuming. For these reasons, these underfloor heating systems are preferred in the hotel, resorts, and motels where the bathroom and bedroom amenities are of huge importance. Thus, the demand for efficient functionality and artistic aesthetics of the hospitality industry is driving the electric underfloor heating market.
Hydronic Heating Systems Thriving in New Constructions
Hydronic heating systems are a highly cost-effective and popular choice for the new constructions as this installation process involves in lifting floor. These systems can use a wide range of energy sources such as wood-fired boilers, solar water heaters, and standard gas or oil-fired boilers and use little electricity for heating. These features of the hydronic heating system are of huge demand in the areas with high electricity costs. Moreover, the minimal maintenance, environmental-friendly, and personalized control aspects of these systems are highly beneficial for the tall buildings. Owing to all these benefits offered by the hydronic heating system, the underfloor heating market growth is thriving.
Key Players Functioning in the Underfloor Heating Market
The industry players of the global underfloor heating market operating with the major share are Honeywell International (US), Danfoss A/S (Denmark), Robert Bosch (Germany), Siemens AG (Germany), Uponor Corporation (Finland), Emersion Electric Co. (US), Pentair PLC (US), Mitsubishi Electric Corporation (Japan), Schneider Electric SE (France), and Nexans S.A. (France). These key players are providing a wide range of solutions coupled with the outreach services and tailored as per the industry requirements. As a result, enhancing their position in the global underfloor heating industry. For instance, to increase the product portfolio, in 2017, the Emerson Electric Co., announced a major renovation and expansion of the laboratories and offices in the one-million-square-foot facility that is resided in Sidney, Ohio. This expansion spurs the scope of research and innovations to meet the rising demands of the customers in the heating and cooling industry.
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