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
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Market Report Description
The North America Underfloor Heating Market would 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 would create more demand for such advanced household devices in these countries' cold zones. Because underfloor heating has a wide range of uses during the night, the semi-desert and desert climatic conditions in various areas around the North America would highly use these systems to sustain in these areas during nights.
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. Unlike typical radiators, which can make a room seem frigid at times and overly hot at others, underfloor heating does not overheat and instead maintain the temperature set by the user via the thermostat.
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 would 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 would 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.
Free Valuable Insights: The Global Underfloor Heating Market is Estimated 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
- 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
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