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Electric Underfloor Heating Market Trends, Companies, Driver, Segmentation, Forecast to 2024

New research report on Electric Underfloor Heating market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Electric Underfloor Heating market also includes an in-depth study of the industry's competitive scenario.

Growing consumer awareness toward energy conservation coupled with increasing installation of reliable heating systems will stimulate the electric underfloor heating market size. Rising disposable income coupled with improving living standards will further embellish the product demand. As per Office for National Statistics (Great Britain), UK household disposable income was USD 34,930 in the financial year 2016 which was USD 790 higher than the previous year.

U.S. electric underfloor heating market is set to reach over USD 500 million by 2024. Increasing demand for space heating along with rising energy cost will fuel the business growth. Advancement in technology coupled with declining associated cost will further complement the industry landscape. The government of California has introduced standards to improve the building efficiency with an aim to reduce the overall energy cost.

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Global Electric Underfloor Heating Market size will exceed USD 2.5 billion by 2024, as reported in the latest study

Electric Underfloor Heating Market Trends, Companies, Driver, Segmentation, Forecast to 2024
Electric Underfloor Heating Market Trends, Companies, Driver, Segmentation, Forecast to 2024

Request Sample Copy of this Report @ https://www.cuereport.com/request-sample/43848

High cost associated with petroleum products along with rising energy demand for localized heating from residential establishments will drive the electric underfloor heating market. As per European Commission, residential sector accounts for 64.7% of energy consumption primarily for heating homes.

UK electric underfloor heating market is set to grow over 7% owing to growing measures toward improvisation of energy security by reducing the energy consumption. In 2015, the country has introduced an energy saving ordinance to cut down the energy consumption by 25% across new buildings and ensures the achievement of target for carbon-neutral buildings by 2050.

Shifting focus toward green buildings along with stringent government regulations to reduce carbon footprints will augment the electric underfloor heating market. Introduction of building standards and codes to reduce the energy consumption will further augment the industry landscape. As per the European Union, several directives including EBPD has been introduced to achieve the target of ZEB by 2020.

Russia electric underfloor heating market is set to surpass USD 120 million by 2024. Paradigm shift in population demographics along with significant growth in residential construction will augment the industry landscape. Growing demand for heating systems subject to extreme climatic conditions will further escalate the product penetration. In 2015, underfloor accounted for 32% of the overall heating devices across residential buildings.

Japan, in 2016, accounted for over 15% of Asia Pacific electric underfloor heating market share. Increasing adoption of low emission heating systems coupled with favorable government initiatives to increase energy efficiency will positively influence the business growth. Internal migration of population from remote locations to urban areas will further boost the product demand. In 2016, urban population in Japan has increased up to 93.9% with average growth rate of 0.62% per year.

Major Highlights from Table of contents are listed below for quick lookup into Electric Underfloor Heating Market report

Chapter 1. Methodology and Scope

  • Definitions & forecast parameters
  • Methodology and forecast parameters
  • Data Sources

Chapter 2. Executive Summary

  • Business trends of Electric Underfloor Heating Market
  • Product trends
  • Application trends

Chapter 3. Electric Underfloor Heating Industry Insights

  • Electric Underfloor Heating Market Industry segmentation
  • Industry landscape
  • Analysis of Manufacturers in the Electric Underfloor Heating industry
  • Distribution channel analysis
  • End-use landscape
  • Vendor matrix
  • Electric Underfloor Heating Market Technology & innovation landscape
  • Industry impact forces
  • Electric Underfloor Heating Market Growth drivers
  • Industry pitfalls & challenges
  • Key trends by Segments

Chapter 4. Company Profiles

  • Business Overview of Electric Underfloor Heating Market Companies
  • Financial Data
  • Product Landscape
  • Strategic Outlook and Decisive Analysis of companies in Electric Underfloor Heating Market
  • SWOT Analysis

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