The Global Underfloor Heating Market Research Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the Underfloor Heating market and its key elements. The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry. The report sheds light on the minute details of the Underfloor Heating industry pertaining to growth factors, opportunities and lucrative business prospects, regions showing promising growth, and forecast estimation till 2027.
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.
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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.
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:
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
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
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)
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Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Underfloor Heating market?
What are the key product types and applications of the Underfloor Heating industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Underfloor Heating market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
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