The Underfloor Heating Global Market Report 2023, provides comprehensive information on the underfloor heating market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Underfloor Heating Global Market Report 2023, the market size is expected to grow from $4.95 billion in 2022 to $5.21 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global underfloor heating market is expected to grow to $6.45 billion in 2027 at a CAGR of 5.5%.
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Strategic partnerships between companies are a recent trend that is gaining popularity in the underfloor heating market. Companies in the underfloor heating market are entering into a strategic collaboration with technology players for the development of technologically advanced underfloor heating products with innovative features. For instance, in January 2020, nVent Electric plc, a Canada-based provider of electric radiant floor heating solutions, entered into a strategic collaboration with MAPEI to develop and launch “MAPEI Mapeheat with Technology from nVent” in the USA market.
The underfloor heating market is segmented:
1) By Type: Hydronic Underfloor Heating, Electric Underfloor Heating
2) By Installation: New installations, Retrofit installations
3) By Application: Residential, Commercial, Institutional
Western Europe was the largest region in the underfloor heating market in 2022.
The table of contents in TBRC’s underfloor heating market report includes:
- Executive Summary
- Underfloor Heating Market Characteristics
- Underfloor Heating Market Trends And Strategies
- Underfloor Heating Market – Macro Economic Scenario
- Underfloor Heating Market Size And Growth
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- Africa Underfloor Heating Market
- Underfloor Heating Market Competitive Landscape And Company
Profiles
- Key Mergers And Acquisitions In The Underfloor Heating Market
- Underfloor Heating Market Future Outlook and Potential Analysis
- Appendix
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