Underfloor Heating Market: Growth, Overview, Demands, Size, Trends, and Top Companies & Forecast
I expect the global Underfloor heating market to grow from USD 5.1 billion in 2023 to USD 7.4 billion by 2028, registering a CAGR of 7.5%. Increased demand for energy-efficient heating solutions, growing awareness of the health benefits of underfloor heating, and increasing popularity of smart home technology are driving the growth of the underfloor heating market.
Uponor Corporation (Finland), Resideo Technologies Inc. (US), nVent Electric Plc (UK), Warmup (UK), and Rehau Ltd (Switzerland) are the top players in the Underfloor heating market. These companies have a worldwide presence and offer a wide range of Underfloor heating and related solutions and services. They rely on their R&D capabilities and diversified product and service portfolios to increase their market share.
Top 3 Players in the Underfloor Heating Market:
Uponor Corporation
Uponor Corporation, established in 1918, is a renowned global leader in the radiant heating and cooling industry, offering a comprehensive range of solutions, including underfloor heating systems. Over the years, Uponor has gained a strong reputation for providing innovative and sustainable building solutions. Underfloor heating also referred to as radiant floor heating, is a heating method that involves delivering warmth through the floor surface. This technology boasts several advantages over conventional heating systems, such as improved comfort, energy efficiency, and design adaptability. Uponor’s underfloor heating business focuses on designing, manufacturing, and distributing top-quality systems catering to residential, commercial, and industrial applications. Their diverse product portfolio encompasses solutions tailored to meet varying needs and requirements.
Resideo Technologies, Inc.
Resideo Technologies is a worldwide supplier of solutions for home comfort and security. Their extensive product and service portfolio includes underfloor heating systems, offering homeowners a broad range of options. Resideo’s underfloor heating systems are meticulously designed to deliver comfort and energy efficiency in residential settings. These systems are available in various configurations to accommodate the unique requirements of different homes. Additionally, Resideo provides installation and maintenance services to ensure the optimal performance of its underfloor heating systems. The reliability and energy-efficient nature of Resideo’s underfloor heating systems make them a popular choice among homeowners seeking both comfort and energy savings.
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nVent Electric Plc
nVent Electric Plc, a global leader in electrical connection and protection solutions, offers diverse products and services tailored for the building, infrastructure, and industrial sectors. Within nVent’s offerings, their underfloor heating business stands out as a leading provider of electric underfloor heating systems designed for both residential and commercial applications. These systems are designed to deliver comfortable and energy-efficient heating across various spaces, including bathrooms, kitchens, living rooms, and bedrooms. nVent’s underfloor heating systems are known for their ease of installation and maintenance, ensuring a hassle-free experience for users. To enhance user control, the company provides a wide selection of thermostats and controls, allowing customization of heating preferences.
Additionally, nVent offers comprehensive warranties on its products, providing peace of mind to customers. As the underfloor heating market grows, nVent’s underfloor heating business is well-positioned to capitalize on this expansion. Through its commitment to innovation, the company aims to meet the evolving needs of its customers by offering cutting-edge products and services that align with market demands.
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