Underfloor Heating Market

Market Leader - Underfloor Heating Market

The global underfloor heating market size is estimated to grow from USD 4.6 billion in 2020 to USD 6.6 billion by 2025, at a CAGR of 7.3%. The growth of the market is driven by the high demand for cost-effective heating solutions, strong government support and incentives for the adoption of underfloor heating solutions, stringent building codes, and a high level of comfort and flexibility.

Key players in the underfloor heating market include Uponor (Finland), Honeywell (US), nVent Electric (UK), Warmup (UK), Rehau (Switzerland), Emerson (US), Robert Bosch (Germany), Danfoss (Denmark), Pentair (US), Mitsubishi Electric (Japan), Siemens (Germany), Schneider Electric (France), Myson (UK), Thermosoft International (US), Flexel International (UK), Nexans (France), Amuheat (Australia), ESI Heating and Cooling (US), Janes Radiant (US), and Incognito (UK). These companies focus on adopting both organic and inorganic growth strategies, such as product launches and developments, expansions, partnerships, agreements, contracts, and mergers and acquisitions to strengthen their position in the market.

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Top Players in Underfloor Heating Market:

Uponor is engaged in the manufacturing of plumbing and indoor climate and infrastructure solutions for residential and commercial buildings across the world. It operates through 3 segments: Building Solutions—Europe, Building Solutions—North America, and Uponor Infra. The Building Solutions—North America segment is responsible for business operations in the US and Canada. This segment provides indoor climate and plumbing solutions for residential and non-residential buildings.

Founded in 1906 and headquartered in New Jersey, US, Honeywell offers automation and control solutions; aerospace products and services; control, sensing, and security technologies for buildings; turbochargers; automotive products; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy-efficient products and solutions for homes. The company operates in 4 business segments, namely, Aerospace, Performance Materials and Technologies, Home and Building Technologies, and Safety and Productivity Solutions. Through the Home and Building Technologies segment, the company offers various products, software, solutions, and technologies for homes and industries.

Related Reports:

Underfloor Heating Market by Offering (Hardware, Services), Subsystem (Heating System, Control System), System Type (Hydronic, Electric), Application (Residential, Commercial, Industrial), Component, Installation Type, Region - Global Forecast to 2025

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Report Code
SE 3674
RI Published ON
4/24/2020
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