LAMEA 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
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Market Report Description
The Latin America, Middle East and Africa Underfloor Heating Market would witness market growth of 8.9% CAGR during the forecast period (2021-2027).
Floor heating, also known as radiant floor heating, is a luxurious home amenity and a common trend in new construction and renovations projects that emphasize clean, comfortable, design-driven living. Traditional radiators must first be heated to a high temperature (between 149- and 167-degrees Fahrenheit / 65 and 75 degrees Celsius) to effectively heat a room, whereas floor heating only needs to be heated to a temperature of 84 degrees Fahrenheit / 29 degrees Celsius or less, depending on the floor finish, to warm the room, which leads to the less consumption of energy and hence, reduced consumer energy bills.
Underfloor heating with fluid-filled pipes is also beneficial for heating and cooling explosion-proof rooms where combustion and electrical equipment are positioned away from the explosive environment.
With the growing population in various nations of this region, the construction industry is also expanding, which is creating more demand for various appliances and systems for home installation. Through the adoption of underfloor heating systems, heat gets properly dispersed throughout each area and operates at a lower temperature than a standard radiator, lowering overall energy expenditures. Even if the windows are open or the room is draughty, the flooring will remain warm.
The Brazil market dominated the LAMEA Underfloor Heating Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $103.2 million by 2027. The Argentina market would exhibit a CAGR of 9.4% during (2021 - 2027). Additionally, The UAE market is poised to grow a CAGR of 8.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Underfloor Heating Market is Predict to reach $7 Billion by 2027, at a CAGR of 6%
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
- Heating System
- Control System
By Installation Type
- New Installation
- Retrofit Installation
- Saudi Arabia
- South Africa
- Rest of LAMEA
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
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