North America Underfloor Heating Market Growth Forecast 2021-2027 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “North America Underfloor Heating Market Size, Share & Industry Trends Analysis Report By Product Type (Hydronic and Electric), By Application, By System, By Installation Type, By Country and Growth Forecast, 2021-2027” report has been added to ResearchAndMarkets.com’s offering.
The North America Underfloor Heating Market is expected to witness market growth of 5.8% CAGR during the forecast period (2021-2027).
Rapid development in developing nations has accelerated the development of the construction industry, which is expected to create more demand for such advanced household devices in these countries’ cold zones.
Radiant heating is divided into two types: electric and hydronic-based systems, both of which heat a space from the floor to give effective warmth. Hot water passes via pipes to generate heat in hydronic systems, whereas electric underfloor heating heats wiring beneath the floor to generate heat.
Governments across this region have provided guidelines to the appliances or energy-using systems to state the rating for its energy usage. The Energy Rating Label displays the efficiency of specific appliances and equipment. It enables customers to determine how much a model will cost to operate, as well as how energy efficient it is in relation to similar models. Also, the adoption of energy-efficient heating systems is becoming a trend among consumers.
The US market dominated the North America Underfloor Heating Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $1,619.8 million by 2027. The Canada market is expected to witness a CAGR of 8.2% during (2021 – 2027). Additionally, The Mexico market is expected to showcase a CAGR of 7.3% during (2021 – 2027).
Based on Product Type, the market is segmented into Hydronic and Electric. Based on Application, the market is segmented into Residential, Commercial, and Industrial. Based on System, the market is segmented into Heating System and Control System. Based on Installation Type, the market is segmented into New Installation and Retrofit Installation. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Uponor Corporation, Honeywell International, Inc., Robert Bosch GmbH, Pentair PLC, Mitsubishi Electric Corporation, Emerson Electric Co., Schneider Electric SE, Siemens AG, The Danfoss Group, Warmup PLC.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Hydronic
- Electric
By Application
- Residential
- Commercial
- Industrial
By System
- Heating System
- Control System
By Installation Type
- New Installation
- Retrofit Installation
By Country: US, Canada, Mexico, and Rest of North America.
Key Market Players
List of Companies Profiled in the Report:
- Uponor Corporation
- Honeywell International, Inc.
- Robert Bosch GmbH
- Pentair PLC
- Mitsubishi Electric Corporation
- Emerson Electric Co.
- Schneider Electric SE
- Siemens AG
- The Danfoss Group
- Warmup PLC
For more information about this report visit https://www.researchandmarkets.com/r/myykeo
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