| Product Code: ETC5397138 | Publication Date: Nov 2023 | Updated Date: Jan 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Armenia underfloor heating market witnessed a steady increase in imports from 2020 to 2024. The compound annual growth rate (CAGR) for this period was 21.42%. In particular, the year-on-year growth rate for 20232024 stood at 0.21%, contributing to the overall rise in import volumes during this timeframe.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Underfloor Heating Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Underfloor Heating Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Underfloor Heating Market - Industry Life Cycle |
3.4 Armenia Underfloor Heating Market - Porter's Five Forces |
3.5 Armenia Underfloor Heating Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.6 Armenia Underfloor Heating Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Armenia Underfloor Heating Market Revenues & Volume Share, By Installation Type, 2021 & 2031F |
3.8 Armenia Underfloor Heating Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Armenia Underfloor Heating Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient heating solutions |
4.2.2 Growing construction sector in Armenia |
4.2.3 Rising awareness about the benefits of underfloor heating systems |
4.3 Market Restraints |
4.3.1 High initial installation cost of underfloor heating systems |
4.3.2 Lack of skilled professionals for installation and maintenance |
4.3.3 Limited awareness and understanding of underfloor heating technology among consumers |
5 Armenia Underfloor Heating Market Trends |
6 Armenia Underfloor Heating Market Segmentations |
6.1 Armenia Underfloor Heating Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 Armenia Underfloor Heating Market Revenues & Volume, By Hardware, 2021-2031F |
6.1.3 Armenia Underfloor Heating Market Revenues & Volume, By Service, 2021-2031F |
6.2 Armenia Underfloor Heating Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Armenia Underfloor Heating Market Revenues & Volume, By Hydronic Underfloor Heating, 2021-2031F |
6.2.3 Armenia Underfloor Heating Market Revenues & Volume, By Heating Pipes, 2021-2031F |
6.2.4 Armenia Underfloor Heating Market Revenues & Volume, By Thermostats and Sensors, 2021-2031F |
6.2.5 Armenia Underfloor Heating Market Revenues & Volume, By Thermal Actuators, 2021-2031F |
6.2.6 Armenia Underfloor Heating Market Revenues & Volume, By Zone Valves, 2021-2031F |
6.2.7 Armenia Underfloor Heating Market Revenues & Volume, By Wiring Centers, 2021-2031F |
6.2.8 Armenia Underfloor Heating Market Revenues & Volume, By Electric Underfloor Heating, 2021-2031F |
6.2.9 Armenia Underfloor Heating Market Revenues & Volume, By Electric Underfloor Heating, 2021-2031F |
6.3 Armenia Underfloor Heating Market, By Installation Type |
6.3.1 Overview and Analysis |
6.3.2 Armenia Underfloor Heating Market Revenues & Volume, By New Installation, 2021-2031F |
6.3.3 Armenia Underfloor Heating Market Revenues & Volume, By Retrofit Installation, 2021-2031F |
6.4 Armenia Underfloor Heating Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Armenia Underfloor Heating Market Revenues & Volume, By Residential, 2021-2031F |
6.4.3 Armenia Underfloor Heating Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.4 Armenia Underfloor Heating Market Revenues & Volume, By Industrial, 2021-2031F |
6.4.5 Armenia Underfloor Heating Market Revenues & Volume, By Healthcare, 2021-2031F |
6.4.6 Armenia Underfloor Heating Market Revenues & Volume, By Sports & Entertainment, 2021-2031F |
6.4.7 Armenia Underfloor Heating Market Revenues & Volume, By Others, 2021-2031F |
7 Armenia Underfloor Heating Market Import-Export Trade Statistics |
7.1 Armenia Underfloor Heating Market Export to Major Countries |
7.2 Armenia Underfloor Heating Market Imports from Major Countries |
8 Armenia Underfloor Heating Market Key Performance Indicators |
8.1 Energy efficiency ratings of underfloor heating systems |
8.2 Number of new construction projects incorporating underfloor heating |
8.3 Level of consumer education and awareness initiatives on underfloor heating technologies |
8.4 Adoption rate of underfloor heating systems in residential and commercial buildings |
9 Armenia Underfloor Heating Market - Opportunity Assessment |
9.1 Armenia Underfloor Heating Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.2 Armenia Underfloor Heating Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Armenia Underfloor Heating Market Opportunity Assessment, By Installation Type, 2021 & 2031F |
9.4 Armenia Underfloor Heating Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Armenia Underfloor Heating Market - Competitive Landscape |
10.1 Armenia Underfloor Heating Market Revenue Share, By Companies, 2024 |
10.2 Armenia Underfloor Heating Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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