Selbyville, Delaware. Electric Underfloor Heating Market report provides key statistics on the market status of the Electric Underfloor Heating Industry and is a valuable source of guidance and direction for companies and individuals interested in the Electric Underfloor Heating Market. Electric Underfloor Heating Market Report covers the companies’ data, including Growth potential analysis, Executive Summary, Data sources, Industry segmentation, Porter’s analysis, Business trends, Growth drivers, Price trend analysis, Industry pitfall and challenges, Industry impact forces, Competitive landscape.
Global Electric Underfloor Heating Market size will exceed USD 2.5 billion by 2024. 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.
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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.
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. 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. 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.
What will you get in this report?
- An exhaustive analysis of the global Electric Underfloor Heating market with detailed studies on different topics that will help key players to create effective development strategies and strengthen a strong position in the Electric Underfloor Heating industry.
- It gives a complete mapping of the behaviors of Electric Underfloor Heating market contributors and the vendor landscape. Existing companies could use the report to prepare themselves well to face future market challenges and strongly compete in the global Electric Underfloor Heating market.
- Also, the analysts have provided a thorough assessment of the impact of these strategies on Electric Underfloor Heating market growth and competition and many more
- A competitive portfolio of Electric Underfloor Heating market in the different regions including their growth factors, pitfall challenges, investment structure, advancement in all aspects, customer base etc.
Read Full Report at: Electric Underfloor Heating Market
Major Highlights from Table of contents are listed below for quick lookup into Electric Underfloor Heating Market report
Chapter 1. Competitive Landscape
- Company market share
- Electric Underfloor Heating Market Competitive analysis of key market players
- Competitive analysis of other prominent vendors
Chapter 2. Company Profiles
- Business Overview
- Financial Data
- Product portfolio
- Strategic Outlook
- SWOT Analysis
Chapter 3. Methodology & Scope
- Initial data exploration
- Electric Underfloor Heating Market Statistical model and forecast
- Industry insights and validation
- Electric Underfloor Heating Market Scope
- Methodology and forecast parameters
- Data Sources
Chapter 4. Executive Summary
- Electric Underfloor Heating industry 360º synopsis
- Electric Underfloor Heating Business trends
- Region trends
Chapter 5. Electric Underfloor Heating industry Insights
- Electric Underfloor Heating Industry segmentation
- Industry landscape
- Industry Pitfalls and Challenges
- Threat of new entrants
- Threat of substitutes
- Electric Underfloor Heating Market Growth potential analysis
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