Underfloor Heating Market Worth $7.9 Billion by 2020
Europe is the largest market for underfloor heating
PUNE, India — The global underfloor heating market is forecast to reach $7.9 billion by 2020, growing at a compound annual growth rate (CAGR) of 8.7 percent from 2015 to 2020, according to a new market research report published by MarketsandMarkets.
According to the report, the market for underfloor heating (UFH) is growing due to the increasing need for energy-efficient heating solutions in various sectors from commercial to residential. Many countries are committed to long-term energy-efficiency targets. With continued advancements in technology and energy efficiency legislation/regulation, the underfloor heating market is expected to grow in popularity and become an even more favored sustainable heating solution. The awareness of UFH systems and the benefits of these heating systems are increasing and stimulating growth. With an underfloor heating system, heat is radiated from surface to surface, turning all surfaces into secondary emitters. As a result, the lower occupied area is being heated first and a more even heat is provided throughout. Therefore, less heat is required for the occupied space to be heated to a comfortable level, which means UFH can run at a lower temperature, saving energy.