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Market Research Report

Global Underfloor Cooling System Market Size by Component (Cooling Pipes, Manifolds, & Pumps), by Cooling Method (Radiant Under Floor Cooling, Hydraunics Under Floor Cooling), by Services (Installation & Maintenance Services), And by End-User (Residential, Industrial, Commercial) - Forecast 2024

Published On : 2018-03-09 Report Page : 290 Category: Energy Resources

Global Under Floor Cooling System Market 

Market Overview

The underfloor cooling system is more cost effective and energy efficient than using air conditioners, as the outside of the building accumulates less heat and therefore it reduces heat buildup and consequently, energy consumption is reduced. Underfloor cooling reduces the radiant temperature which is actually healthier than just blowing cold air and also it eliminates drafts, air pollution, and dust circulation.The development of new buildings in the developing and developed economies such as in India, China, Indonesia, GCC countries and other warm countries are the major region to penetrate the underfloor cooling system. These regions have average annual temperature of 24 degrees in summers to 10 degrees in winters.

Goldstein Research analyst forecast that the global underfloor cooling system market size is set to reach USD 1.2 billion by 2024, growing at a CAGR of 8.0% over the forecast years 2016-2024. The growth of underfloor cooling is widely dependent on the demand from the newly constructed buildings along with the renovation of the existing buildings. Also, the mode of installation i.e. by the manufacturers or by the suppliers or self-installation methods will impact the global under floor cooling system market.

Covered in This Underfloor Cooling System Market Report

The report covers the present ground scenario and the future growth prospects of the underfloor cooling system market for 2016-2024 along with the sales and revenue of the underfloor cooling system. We calculated the market size and revenue share on the basis of revenue generated from major players and sales of the underfloor cooling system from major players across the globe. The report describes the market on the basis of front-end equipment, back-end equipment, and fabrication facility equipment. In addition, the raw material and manufacturing equipment suppliers, OEMs, technology investors, Governments, financial institutions, and investment communities and end users of the underfloor heating system market data is covered in the report.

Global Underfloor Cooling System Industry Segmentation

By Component

  • Cooling Pipes
  • Manifolds
  • Pumps

By Cooling Method

  • Radiant Under Floor Cooling
  • Hydraunics Under Floor Cooling

By Services

  • Installation Services
  • Maintenance Services

By End-User

  • Residential
  • Industrial
  • Commercial

Based on Geography

  • North America (U.S. & Canada)  under floor cooling system market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America)  under floor cooling system market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
  • Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden &RoE)  under floor cooling system market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia)  under floor cooling system market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA)  under floor cooling system market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

On the basis of cooling methods, hydraunic under floor cooling segment market share was 38.7% in 2016. Hydraunics under floor cooling systems are preferred as its lower cost of installation, less energy consumption system and its suitability with most of the flooring types, it is compatible with both heating and cooling system application. Therefore, the hydraunics underfloor cooling system is expected to grow annually at a rate of 4.3%.Radiant underfloor cooling is growing at a rate of 3.0% annually owing to it. The flexibility to install panels on sidewalls along with the underfloor installation it provides the best comfort and efficiency and is largely used in the commercial buildings.

Underfloor cooling system market outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the underfloor cooling system market. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global under floor cooling system market report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players.

Underfloor Cooling System Market - Outlook, Trends, Drivers, and Challenges

With the advancement in technology, there is a trend of smart under floor cooling system that saves the cost and efforts to regulate the temperature thus becomes the efficient installation of underfloor cooling systems. It uses the Wi-Fi connected smartphones to control and regulate the temperature. The intelligent underfloor cooling system is equipped to learn through routine by the pattern of usage of the system to automatically sense when to change the temperature.

According to the report, the major driving factor for the growth of underfloor cooling system market is the rising building construction especially in the regions having the apt average temperature to install the cooling systems. The countries such as India, Middle East countries are experiencing major construction activities including the commercial, residential and industrial buildings.

Further, the major challenge for the underfloor cooling system market is that the cooling system does not essentially deal with any removal of moisture from the air, unlike the air conditioners.Thus it is difficult to compete with the air conditioning market mainly in the regions with high humidity levels.

Global Underfloor Cooling System Market Analysis

Based on geography, North America has the largest market share of 28.3% in 2016 of the total under floor cooling system market owing to the presence of large HVAC (heating, ventilation and air conditioning) market which is expanding continuously since 2014 and it is expected to grow at a rate of 6.0% annually. Asia-Pacific is expected to be the fastest growing region in the future at a rate of 4.0% annually on the back of the development activities related to the construction of building and renovation which are inclined towards the centralized cooling system.

Key Players

Global underfloor cooling system market report comprises of the following companies as the key players in the underfloor cooling system market: Honeywell International, Mitsubishi Electric Corporation, Schneider Electric SE, Siemens AG, Nexans S.A., Pentair PLC, Uponor.

Other high-flying vendors in the underfloor heating are WMS Underfloor Heating, Danfoss A/S, Emersion Electric Co., Robert Bosch.    

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Global Underfloor Cooling System Market Report

  • What is the total market size by 2024 and what would be the expected growth rate?
  • What is the revenue of underfloor cooling system market in 2015-16 and what would be the expected demand over the forecasted period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who all are the key vendors in this market space?
  • What are the market opportunities for the existing and entry-level players?
  • What are the recent developments and business strategy of the key players?

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Global Underfloor Cooling System Market Size by Component (Cooling Pipes, Manifolds, & Pumps), by Cooling Method (Radiant Under Floor Cooling, Hydraunics Under Floor Cooling), by Services (Installation & Maintenance Services), And by End-User (Residential, Industrial, Commercial) - Forecast 2024

A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements

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A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements