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Major electric underfloor heating market participants include REHAU AG, Danfoss, Amuheat, Hemstedt GmbH, Warmup, Eberle by Schneider Electric, Schlüter-Systems, MAGNUM Heating Group BV, Honeywell International Inc., Heatcom Corporation A / S, Siemens, nVent, Robert BoschUponor Corporation, and Watts, amongst others.
SELBYVILLE, Del., July 6, 2022 /PRNewswire/ — The electric underfloor heating market is poised to cross USD 3 billion by 2030, according to a research report by Global Market Insights Inc. The rising demand for space heating solutions on account of extreme climatic conditions along with increasing consumer awareness of energy conservation will positively impact the deployment of electric underfloor heating units. In addition, increased construction of commercial buildings and rapid industrialization have further fueled the transition towards adoption of energy-efficient space heating solutions.
Rising investments in retrofitting projects owing to stringent energy-efficiency norms are key factors driving the market dynamics across existing facilities or buildings. Easy installation, low cost, and integration with smart monitoring devices including thermostats & others are a few prominent features offered by the technology , driving its demand as a replacement for conventional space heating technology. Moreover, a significantly lower carbon footprint together with optimized heating and a reduced installation time will thrust the electric underfloor heating market demand over the forecast timeline.
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Quick installation time and reduced upfront cost along …
Full story available on Benzinga.com
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