Research Nester has released a report titled “Europe Underfloor Heating Market: Demand Analysis and Opportunity Outlook 2028″ which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
The growing number of environmental concerns regarding the impact of buildings on overall energy consumption has led to the introduction of various efficiency standards. Numerous manufacturers have realized the substantial financial and environmental benefits of sustainable business practices into their existing product development and marketing procedures. Such sustainable manufacturing practices not only improve operational efficiency by reducing costs and waste, but also strengthen the brand reputation. The ability of hydronic underfloor heating systems to heat larger surface areas using unconventional heat sources, including solar collectors and heat pumps, is also anticipated to drive the market growth. In 2019, the underfloor heating market in Europe accounted for a market value of USD 2101.60 million and is estimated to grow at a CAGR of 7.3% during the forecast period i.e. 2021-2028.
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The European underfloor heating market is segmented by component into electric system which is further segmented into heating cables, heating mats, and sensors & thermostats; and hydronic system which is further segmented into heating pipes, manifolds, sensors & thermostats. Heating cables form the largest component segment in Europe electric underfloor heating market. These cables are generally suitable for multiple floor types and have very little impact on the floor build-up. Heating mats are generally used on the concrete floor and are suitable for both newly-built and renovated buildings. Sensors and thermostats are an essential component which are able to measure the floor surface temperature of a wide area. Heating pipes is the largest as well as fastest-growing component segment in the Europe hydronic underfloor heating market. These pipes are composed of materials such as aluminum and EVOH (ethylene vinyl alcohol), which act as an oxygen barrier in order to minimize the thermal expansion. Manifolds in hydronic underfloor heating systems function as a central hub which manages the water flow rate and also controls temperature regulation and pressure. They serve as the connection between heating pipes and heat source.
Rapidly Increasing Demand for Energy Efficient Heating Solutions to Drive the Market Growth
European government’s initiatives and regulatory requirements which are aimed to reduce the heating load, have significantly contributed towards the adoption of the underfloor heating system in the region. The ability of hydronic underfloor heating systems to heat larger surface areas using unconventional heat sources, including solar collectors and heat pumps, is anticipated to drive the market growth. Underfloor heating systems evenly radiate heat in human-occupied zones. This property of the systems is particularly useful in the heating of the rooms with high ceilings wherein convection heaters cannot be used as the warmth from convection heaters gathers in the upper part of high ceiling rooms instead of human-occupied zones.
However, availability of substitutes and high upfront costs are the key restraining factors anticipated to hamper the market growth of Europe underfloor heating market.
This report also provides the existing competitive scenario of some of the key players of the Europe underfloor heating systems market, which includes company profiling of Uponor Corporation (HEL: UPONOR), Danfoss, Siemens (ETR: SIE), Honeywell International Inc. (NYSE: HON), nVent (NYSE: NVT), Mitsubishi Electric Corporation (TYO: 6503), Emerson Electric Co. (NYSE: EMR), Warmup, and others.
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The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Europe Underfloor Heating Market -Demand Analysis & Opportunity Outlook 2028“, analyses the overall underfloor heating industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the Europe underfloor heating market in the near future.
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