The report is updated with the impact of the COVID-19 pandemic on the Underfloor Heating market. Every industry vertical across the globe has been affected by the pandemic, and the report assesses if the impact of the pandemic on the Underfloor Heating market has been positive or negative.
The Underfloor Heating (UFH) market size reached USD 4.50 Billion in 2021 and is expected to register a revenue CAGR of 7.2% during the forecast period to the latest analysis by Emergen Research. Increasing demand for cost-effective heating solutions and the growing adoption of energy efficiency standards are prime factors driving the revenue growth of the global market over the forecast period. Increasing government incentives and support are expected to create major opportunities for the global market in the upcoming years. Many state, municipal, and national governments have established financial incentives in the form of tax credits and rebates to encourage the development of energy-efficient underfloor heating systems. For example, in 2021, the U.S. geothermal tax credit allowed homeowners to deduct 30% of the cost of purchasing and installing a geothermal heat pump system from their federal income taxes. When it was reinstated in 2018, the tax credit allowed homeowners to deduct 30% of the cost of the system's installation from their federal income taxes. The credit, on the other hand, shrank over time.
Emergen Research has recently published a detailed report on the global Underfloor Heating market formulated through extensive primary and secondary research. The report offers in-depth knowledge and analysis of the Underfloor Heating market through verified and validated data curated to offer accurate insights.
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The report further divides the Underfloor Heating market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Underfloor Heating market.
Underfloor Heating Market Segmentation:
Product Outlook (Revenue, USD Billion; 2019–2030)
- Hydronic
- Electric
Installation Outlook (Revenue, USD Billion; 2019–2030)
- New Installation
- Retrofit Installation
Application Outlook (Revenue, USD Billion; 2019–2030)
- Residential
- Commercial
- Industrials
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The report also studies the key companies of the Underfloor Heating market along with analysis of their business strategies, MA activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities. Some players analyzed in the report are:
Key companies operating in the Underfloor Heating market include:
Warmup Inc., Danfoss, Robert Bosch GmbH, Mitsubishi Electric Corporation, Eberle by Schneider Electric, Siemens AG, Flexel International Limited, Amuheat, Nexans S.A, and Emersion Electric Co
The Global Underfloor Heating Report is a panoramic study of the overall Underfloor Heating market published by Emergen Research and covers a wide-ranging analysis of the technological advancements and product developments in the Underfloor Heating market. The report provides a detailed analysis of the key factors of the Underfloor Heating market that are expected to have a positive impact on the growth of the Underfloor Heating industry.
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Regional Segmentation
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
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