Economic research information and statistics show that the worlds economic structure is never static but dynamic with immense levels of restructuring accompanying every cycle of a time period.Economic factors such as innovation,productivity and demand are at the heart of these economic trends.The energy sector in particular continues to transform as the worlds population experiments with new energy sources as well as energy application systems.
It is expected that underfloor heating systems will feature many organisational and family shopping lists.According to a recently published report by Markets and Markets,the global underfloor heating market is expected to reach a historical high of $7.9 billion by 2020,growing at a compound annual growth rate of 8.7 percent.This rapid market activity is expected to be precipitated by the increasing need for energy efficient heating solutions in various sectors from commercial to residential.
In this regard,the underfloor heating system is the preferred energy efficient heating solution,this is because it has many more advantages over radiator heating systems and continues to be a viable method of space heating with significant advances in heating technology.For a layman,the underfloor heating systems come in two different types.These are hydronic UFH systems and electric UFH systems.In hydronic radiant UFH system,heated water is propelled from a boiler through a link of tubing underneath the floor.Heat is conducted to the surface of the floor by the hot water and from there,radiant energy is emitted to the room.The hydronic UFH system is suitable for most floor surfaces such as carpet,ceramic,engineered and solid wood,laminate,stone and vinyl.Since it uses water for heating,it can be linked to any heat source from a standard boiler to newer sustainable technologies such as solar thermal and heat pumps.
The above described innovative technology will be the centre of attention as the global underfloor heating market exhibits a lucrative growth potential for the next five years.The growth of the market is and will continue to be propelled by growing environmental and energy efficiency concerns,along with increasing awareness of the benefits of UFH.In addition,the increasing trend of automation in commercial buildings and homes in developing nations will contribute to this growth.
The under floor heating market is indeed in for some very exciting times.