Electric Underfloor Heating Market to hit $2.5bn by 2024 - PowerPoint PPT Presentation

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Electric Underfloor Heating Market to hit $2.5bn by 2024

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More Information @ Rising demand for reliable and efficient space heating along with increasing adoption of energy efficient systems will drive the electric underfloor heating market size. Stringent regulations to optimize the energy performance of buildings coupled with growing investments toward the construction of smart buildings will further stimulate the product penetration. – PowerPoint PPT presentation

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Title: Electric Underfloor Heating Market to hit $2.5bn by 2024


1
Electric Underfloor Heating Market to grow at 6
CAGR from 2017 to 2024 Global Market Insights,
Inc.
2
Key Insights from Electric Underfloor Heating
Market
  • 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.
  • 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.
  • 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.

3
Continued...
  • 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.
  • 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.

4

Latest Research Report On Electric Underfloor
Heating Market _at_ http//bit.ly/2ltupe9
Request for a sample of this research
report _at_ https//www.gminsights.com/request-sample
/detail/2130
5
U.S. Electric Underfloor Heating Market by
Application, 2016 2024 (USD Million)

6
Major Companies in Electric Underfloor Heating
Market
  • Siemens
  • Schneider
  • Uponor
  • Danfoss
  • Pentair
  • Emerson Electric
  • Honeywell
  • Warmup
  • Schneider Electric

7
Industry Coverage

8
Continued...
  • 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.
  • 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.

9
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