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Underfloor Heating Market 2015-2020: Europe Expected to Dominate the Global MarketDUBLIN, Sep. 02, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/q84sq6/underfloor) has announced the addition of the "Underfloor Heating Market by Type, Facility, Application and Geography - Global Forecast to 2020" report to their offering.  The global market was valued at USD 4.65 Billion in 2014 and is expected to reach USD 7.90 Billion by 2020, at a CAGR of 8.7% from 2015 and 2020. The underfloor heating market has been gaining momentum over the last few years because of the increasing adoption of these systems in the developing commercial and residential sectors across the developed nations. The growth of this market is driven by growing concerns about energy efficiency and the global environment, along with increasing awareness about the benefits of underfloor heating. High cost of retrofitting underfloor heating systems in existing buildings and slower response time of UFH systems are some of the factors restraining the growth of global market. There is a growing demand for underfloor heating systems in various sectors, especially residential, due to growth of refurbishment activity in many developed nations. Underfloor heating is considered to be ideal for new builds and also becoming more popular due to new product innovations in this area. The growth of the trend towards contemporary design has motivated consumers to create a clean and uncluttered look throughout their home. The market in Europe is expected to grow at the highest CAGR of 10.5% from 2015 and 2020, mainly owing to the growth of environmental and energy-efficiency concerns, along with large proportion of environmental legislation introduced by the government in recent years. Also, higher levels of insulation, driven by regulatory requirements and initiatives, are contributing to a reduction in the overall heating load, making UFH a more practical and efficient heating solution in Europe. In addition, the presence of several players in the European UFH market makes it more competitive. This report estimates the underfloor heating market size and forecasts the same for different regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World. It also analyzes the trends in the global market. The report further profiles over Top 10 companies present worldwide in this market, along with their recent activities such as mergers & acquisitions, collaborations, joint ventures, and new product developments. Key Topics Covered: Media Contact: Laura Wood , +353-1-481-1716, [email protected] To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/underfloor-heating-market-2015-2020-europe-expected-to-dominate-the-global-market-300136762.html SOURCE Research and Markets 
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