The recent decline in fossil fuels has forced governments to look for alternative fuel sources to reduce energy expenses. Underfloor heating systems are an innovative method to maintain interior warmth by spending minimum amount.
Purpose of Underfloor Heating
Underfloor heating (UFH) systems rely on warm water being passed through pipes to provide warmth to its users. They can be used to maintain steady indoor temperature without relying on radiators. This can also reduce heating bills in the long run. Commercial, industrial, and residential enterprises are increasingly adopting these systems due to their low maintenance and cost-economical nature.
Hydronic and electric underfloor heating systems are its two major types. Introduction of Internet of Things (IoT) has made it convenient for users to control the temperature using a single remote. In addition, these systems are far more energy-efficient than other heating systems.
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Grounds for Adoption
Renewable energy policies in the European Union (EU) have made it mandatory for users to adopt these systems to gain tax benefits. Home owners and remodeling enthusiasts are installing these systems due to their easy-to-follow instructions. They are being increasingly adopted by schools, residential buildings, and hospitals to fulfill their heating needs. Schutz, a Dutch manufacturer of these systems, gained increased sales with new commercial projects on the rise.
Retirement communities in the U.K. have adopted these systems to provide their owners comfort. Honeywell International, a pioneer in such systems, has launched the Honeywell Evohome, a smart heating system that can control the temperature by using sensors and thermostats. It works well with hydroponic UFH systems.
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The worldwide underfloor heating market is expected to attain immense revenues by 2022, according to a report on Radiant Insights, Inc. It is anticipated to exhibit a remarkable CAGR from 2012 to 2022, the forecast period, due to adoption of renewable energy policies that can also provide attractive tax benefits to homeowners.
Hydronic underfloor heating systems are estimated to exhibit a decent CAGR over the forecast period due to being compatible with most floor finishes. Residential, commercial, and industrial buildings are the biggest end users. The residential segment can display a strong CAGR due to the trend of do-it-yourself (DIY) projects involving heating systems. Prominent market players include Robert Bosch Gmbh, Danfoss A/S, Honeywell International, and Daikin.