Demand for Hydronic Underfloor Heating Grows

Market expected to increase 8.7 percent by 2020 due to energy efficiency and environmental benefits.

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Demand for underfloor heating, including electric and hydronic, is expected to grow 8.7 percent worldwide over the next five years, according to a report by MarketsandMarkets. The $4.65 billion UFH market is predicted to reach $7.9 billion by 2020. Growth is largely attributed to the growing concern about energy efficiency and the environment, along with increasing awareness about the benefits of UFH systems.

The UFH market is segmented by type, facility, application and geography into North America, Europe, Asia-Pacific and the rest of the world (RoW). Europe is the largest market for underfloor heating and is expected to remain the leader through 2020 with Germany the dominant country.

Canada, U.S. offer opportunities
North America and APAC are considered promising markets with Canada and the United States in North America and South Korea in APAC expected to show increased growth. According to the study, demand is being fueled by new product developments, partnerships, agreements, mergers and acquisitions.

Hydronic UFH systems hold a significant market share in commercial applications because of high energy efficiency and compatibility with various renewable heating sources such as air-source heat pumps, solar power and biomass boilers. In the residential sector, Electric UFH systems are increasingly popular because they use fewer components than hydronic systems and are easy to install.

Leading manufacturers
Major players in the global underfloor heating market include Danfoss A/S of Denmark, Uponor Corp. of Finland, Emerson Electric Co. and Honeywell International from the U.S., Robert Bosch of Germany, Pentair from the U.K., Mitsubishi Electric from Tokyo, and Schneider Electric and Nexans of France.

MarketsandMarkets of Pune, India, serves 1,700 global fortune enterprises with over 1,200 studies a year, specializing in high-growth markets, cutting-edge technologies and newer applications.



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