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Global Underfloor Heating Market by Hydronic (Pipes, Thermostats, Thermal Actuators, Zone Valves), Electric (Cables & Mats), Subsystem (Heating & Control System), Offering (Hardware, Service), Installation (New & Retrofit), Application, and Region - Forecast to 2028

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    Report

  • 206 Pages
  • June 2023
  • Region: Global
  • Markets and Markets
  • ID: 5022207
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Market is Facing Challenges due to the Longer Response Times and Setup Issues Associated with Underfloor Heating Systems

The global underfloor heating market is expected to grow from USD 5.1 billion in 2023 to USD 7.4 billion by 2028, registering a CAGR of 7.5%. The underfloor heating market is expanding globally, driven by the increasing demand for energy-efficient and comfortable heating solutions. Technological advancements, sustainability trends, new construction projects, and retrofit opportunities contribute to the market’s growth and competitiveness.

Hardware segment accounted for the largest share of underfloor heating market in 2022

The Hardware of Underfloor heating is experiencing robust growth in the market. Underfloor heating systems have undergone notable hardware advancements in recent years. These advancements encompass improved heating elements such as mats and films that offer enhanced efficiency, thermostats with user-friendly interfaces and remote control capabilities, individual room control through zoning, integration with home automation systems, advanced sensor technology, and enhanced energy efficiency achieved through improved insulation and heat distribution techniques. These advancements have significantly enhanced underfloor heating systems’ overall performance, convenience, and energy efficiency.

Hydronic underfloor heating to grow at the highest rate in underfloor heating market in 2022

The hydronic underfloor heating market has grown substantially in recent years, primarily propelled by remarkable hardware advancements. These advancements encompass the adoption of robust materials in enhanced piping systems, the integration of state-of-the-art manifolds for precise control, the implementation of energy-efficient pumps, the diversification of heat source options, the incorporation of radiant cooling functionalities, the improvement of insulation materials, and the optimization of heat distribution techniques. These developments have significantly elevated the efficiency and versatility of hydronic underfloor heating systems, positioning them as highly desirable solutions for residential and commercial applications in the business sector.

Residential application to grow at the highest CAGR during the forecast period

The growth of underfloor heating in residential applications can be attributed to its enhanced comfort, energy efficiency, design flexibility, zoning capabilities, integration with smart home technology, and health benefits. Homeowners value even heat distribution, reduced heating costs, compatibility with diverse flooring types, individual control, the convenience of smart integration, and improved indoor air quality. Additionally, retrofit options have made underfloor heating accessible for existing homes, further contributing to its popularity in the residential sector.

Europe to account for the largest market size in 2022

The adoption of underfloor heating in Europe has witnessed substantial growth owing to its energy efficiency, comfort, retrofitting adaptability, integration with renewable energy sources, compliance with building standards, technological advancements, and market availability. The popularity of underfloor heating in Europe is driven by the region’s inclination towards energy-efficient and visually appealing heating solutions, especially in retrofitting older buildings.

The break-up of the profiles of primary participants:

  • By Company Type: Tier 1 - 35%, Tier 2 - 30%, and Tier 3 - 35%
  • By Designation: C-level Executives - 45%, Directors - 35%, and Others - 20%
  • By Region: North America - 35%, Asia-Pacific - 30%, Europe - 25%, and RoW - 10%

The major players in the market are Uponor Corporation (Finland), Resideo Technologies Inc. (US), nVent Electric Plc (UK), Warmup (UK), and Rehau Ltd (Switzerland).

Research Coverage

The Underfloor heating market has been segmented into offering, product type and component, installation types, application, and region. The Underfloor heating market was studied in North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The report describes the major drivers, restraints, challenges, and opportunities of the Underfloor heating market and forecasts the same till 2028. Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the Underfloor heating ecosystem.

Analysis of Key Drivers

  1. Rising demand for cost-effective heating solutions.
  2. Government support and incentives for adoption of underfloor heating solutions.
  3. High level of comfort and flexibility.

Restraints

  1. Requirement of high initial investments.
  2. Speed and responsiveness issues.

Opportunities

  1. Technological advancements and digitalization in underfloor heating.
  2. Growing environmental concerns and increasing efficiency standards.

Challenges

  1. Floor and setup issues during installation.

These factors play a significant role in influencing the adoption and growth of underfloor heating solutions in the market.

Key Benefits of Buying the Report

The report will help market leaders/new entrants with information on the closest approximations of the revenue numbers for the Underfloor heating market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

  • Product Development/Innovation: Detailed insights on research & development activities and new product launches in the Underfloor heating market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the Underfloor heating market across varied regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Underfloor heating market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Uponor Corporation (Finland), Resideo Technologies Inc. (US), nVent Electric Plc (UK), Warmup (UK), Rehau Ltd (Switzerland), Emerson Electric Co. (US), Robert Bosch Gmbh (Germany), Danfoss (Denmark), Mitsubishi Electric Corporation (Japan), Siemens Ag (Germany), Schneider Electric (France), Incognito Heat Co. (Scotland) among others in the Underfloor heating market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Inclusions and Exclusions
1.4 Study Scope
1.4.1 Markets Covered
1.4.2 Regional Scope
1.4.3 Years Considered
1.5 Currency Considered
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes
1.8.1 Recession Impact
2 Research Methodology
2.1 Introduction
Figure 1 Underfloor Heating Market: Research Design
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Data from Primary Sources
2.1.3 Secondary and Primary Research
2.1.3.1 Key Industry Insights
2.2 Market Size Estimation
Figure 2 Market Size Estimation Methodology (Supply Side): Revenue Generated from Sale of Underfloor Heating Solutions and Components
2.2.1 Bottom-Up Approach
2.2.1.1 Approach to Derive Market Size Using Bottom-Up Analysis
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach to Derive Market Size Using Top-Down Analysis
Figure 4 Market Size Estimation Methodology: Top-Down Approach
2.3 Market Breakdown and Data Triangulation
Figure 5 Data Triangulation
2.4 Research Assumptions
Figure 6 Assumptions
2.5 Approach to Analyze Recession Impact
2.6 Risk Assessment
Table 1 Risks Assessment
3 Executive Summary
Figure 7 Hardware Segment to Hold Larger Market Share in 2023
Figure 8 Hydronic Underfloor Heating Segment to Hold Larger Market Share in 2028
Figure 9 Manifold and Valve Segment to Hold Largest Share of Underfloor Heating Market for Hydronic Underfloor Heating in 2028
Figure 10 Residential Segment to Hold Largest Market Share in 2023 and 2028
Figure 11 European Underfloor Heating Market to Register Highest CAGR During Forecast Period
4 Premium Insights
4.1 Attractive Opportunities for Players in Underfloor Heating Market
Figure 12 Booming Residential Sector to Drive Demand
4.2 Underfloor Heating Market, by Offering
Figure 13 Hardware Segment to Hold Higher Market Share in 2028
4.3 Underfloor Heating Market, by Product Type
Figure 14 Hydronic Underfloor Heating Segment to Hold Larger Market Share in 2028
4.4 Underfloor Heating Market, by Product Type and Component
Figure 15 Thermostat & Sensor Segment to Register Highest CAGR During Forecast Period
Figure 16 Heating Mat Segment to Hold Largest Market Share in 2028
4.5 Underfloor Heating Market, by Application
Figure 17 Residential Segment to Dominate Underfloor Heating Market During Forecast Period
4.6 Underfloor Heating Market, by Region
Figure 18 Europe to Hold Largest Share of Underfloor Heating Market in 2028
4.7 Underfloor Heating Market, by Country
Figure 19 UK to Register Highest CAGR in Underfloor Heating Market During Forecast Period
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 20 Underfloor Heating Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Increasing Demand for Cost-Effective and Advanced Heating Solutions
5.2.1.2 Government-LED Support and Incentives for Boosting Adoption of Underfloor Heating
5.2.1.3 Implementation of Stringent Building Codes
5.2.1.4 High Comfort and Flexibility Associated with Underfloor Heating Systems
Figure 21 Underfloor Heating Market: Drivers and Their Impact
5.2.2 Restraints
5.2.2.1 Longer Response Time Than Other Heating Systems
5.2.2.2 High Installation Cost
Figure 22 Underfloor Heating Market: Restraints and Their Impact
5.2.3 Opportunities
5.2.3.1 Technological Advancements and Digitalization in Underfloor Heating Solutions
5.2.3.2 Emergence of Internet of Things (IoT)-based Underfloor Heating Systems
5.2.3.3 Expanding Construction Industry
Figure 23 Underfloor Heating Market: Opportunities and Their Impact
5.2.4 Challenges
5.2.4.1 Setup Issues Associated with Underfloor Heating Systems
Figure 24 Underfloor Heating Market: Challenges and Their Impact
5.3 Value Chain Analysis
Figure 25 Underfloor Heating Market: Value Chain Analysis
5.3.1 Raw Material Providers
5.3.2 Component Manufacturers
5.3.3 System Integrators
5.3.4 Distributors
5.3.5 End-users
5.3.6 Post-Sale Service Providers
5.4 Ecosystem Analysis
Figure 26 Underfloor Heating Market: Ecosystem Analysis
Table 2 Underfloor Heating Market: Ecosystem Analysis
5.5 Pricing Analysis
5.5.1 Average Selling Price (ASP) of Underfloor Heating System Components Offered by Two Major Players
Figure 27 Average Selling Price (ASP) of Underfloor Heating System Components Offered by Two Major Players
Table 3 Average Selling Price (ASP) of Underfloor Heating System Components Offered by Two Major Players (USD)
Table 4 Average Selling Price (ASP) of Manifolds, by Region (USD)
5.6 Trends/Disruptions Impacting Customers’ Businesses
Figure 28 Revenue Shifts and New Revenue Pockets for Players in Underfloor Heating Market
5.7 Porter's Five Forces Analysis
Figure 29 Underfloor Heating Market: Porter's Five Forces Analysis
Table 5 Underfloor Heating Market: Porters Five Forces Analysis
5.7.1 Threat of New Entrants
5.7.2 Threat of Substitutes
5.7.3 Bargaining Power of Suppliers
5.7.4 Bargaining Power of Buyers
5.7.5 Intensity of Competitive Rivalry
5.8 Case Study Analysis
5.8.1 Devex Systems Installed Hydronic Floor Heating System at Penrith Baptist Church
5.8.2 Warmup Installed Hydronic Underfloor Heating System at Harrow Road
5.8.3 Warmup Installed Underfloor Heating System at Kings Court
5.8.4 Thermo Floor UK Designed Modern Underfloor Heating System for Trinity College Chapel
5.8.5 Chinmaya Mission Installed Hybrid Underfloor Heating System at Grand Detached Victorian Building
5.9 Technology Analysis
5.9.1 Artificial Intelligence (AI)
5.9.2 Internet of Things (IoT)
5.9.3 Predictive Maintenance
5.10 Key Stakeholders and Buying Criteria
5.10.1 Key Stakeholders in Buying Process
Figure 30 Influence of Stakeholders on Buying Process for Top Three Applications
Table 6 Influence of Stakeholders on Buying Process for Top Three Applications
5.10.2 Buying Criteria
Figure 31 Key Buying Criteria for Top Three Applications
Table 7 Key Buying Criteria for Top Three Applications
5.11 Trade Analysis
Figure 32 Import Data for HS Code 8536, by Key Country, 2018-2022 (USD Million)
Figure 33 Export Data for HS Code 8536, by Key Country, 2018-2022 (USD Million)
5.12 Patent Analysis
Figure 34 Top 10 Companies with Highest Number of Patent Applications in Last 10 Years
Figure 35 Number of Patents Related to Underfloor Heating, 2013-2022
Table 8 Top 20 Patent Owners in Last 10 Years
5.12.1 Underfloor Heating Market: List of Major Patents
5.13 Key Conferences and Events, 2023-2024
Table 9 Underfloor Heating Market: List of Conferences and Events
5.14 Regulations and Standards
5.14.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 10 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 11 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 RoW: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.14.2 Standards
Table 14 Underfloor Heating Market: Standards
6 Underfloor Heating Market, by Floor Covering Types
6.1 Introduction
Table 15 Comparison Between Different Floor Covering Types
6.2 Tile and Stone
Table 16 Advantages Associated with Different Floor Covering Types
6.3 Wood Flooring
Table 17 Advantages Associated with Wooden Floor Coverings
6.4 Laminate Flooring
6.5 Vinyl Flooring
6.6 Rubber and Carpet Flooring
7 Underfloor Heating Market, by Connection Type
7.1 Introduction
7.2 Connected
7.2.1 Improved Functionality with Integration of New Technologies
7.3 Non-Connected
7.3.1 Easy to Install and Does Not Require Additional Software
8 Underfloor Heating Market, by Subsystem
8.1 Introduction
8.2 Heating System
8.2.1 Pipe and Cable
8.2.1.1 Transfer Heat to Floor
8.2.2 Distribution Unit
8.2.2.1 Displaces Hot Working Fluid from Heating Systems to Heat Exchangers
8.3 Control System
8.3.1 Sensor
8.3.1.1 Measures Floor Temperature
8.3.2 Control Interface
8.3.2.1 Controls Thermostats in Heating System
9 Underfloor Heating Market, by Installation Type
9.1 Introduction
Figure 36 Underfloor Heating Market, by Installation Type
Figure 37 New Installation Segment Dominated Underfloor Heating Market in 2022
9.2 New Installation (New Buildings)
9.2.1 Government-Led Energy Efficiency Standards and Codes
9.3 Retrofit Installation (Existing Buildings)
9.3.1 High Adoption of Hydronic Underfloor Heating Systems in Renovation Projects
10 Underfloor Heating Market, by Offering
10.1 Introduction
Figure 38 Underfloor Heating Market, by Offering
Figure 39 Hardware Segment to Hold Larger Share of Underfloor Heating Market in 2023
Table 18 Underfloor Heating Market, by Offering, 2019-2022 (USD Million)
Table 19 Underfloor Heating Market, by Offering, 2023-2028 (USD Million)
10.2 Hardware
10.2.1 Advancements in Heating Components and Increased Construction Activities
Table 20 Hardware: Underfloor Heating Market, by Application, 2019-2022 (USD Million)
Table 21 Hardware: Underfloor Heating Market, by Application, 2023-2028 (USD Million)
Table 22 Hardware: Underfloor Heating Market, by Region, 2019-2022 (USD Million)
Table 23 Hardware: Underfloor Heating Market, by Region, 2023-2028 (USD Million)
10.3 Services
10.3.1 Increased Demand for Installation, Maintenance, Repair, and System Optimization in Residential and Commercial Sectors
Table 24 Services: Underfloor Heating Market, by Application, 2019-2022 (USD Million)
Table 25 Services: Underfloor Heating Market, by Application, 2023-2028 (USD Million)
Table 26 Services: Underfloor Heating Market, by Region, 2019-2022 (USD Million)
Table 27 Services: Underfloor Heating Market, by Region, 2023-2028 (USD Million)
11 Underfloor Heating Market, by Product Type and Component
11.1 Introduction
Figure 40 Underfloor Heating Market, by Product Type and Component
Figure 41 Hydronic Underfloor Heating Segment to Lead Underfloor Heating Market from 2023 to 2028
Table 28 Underfloor Heating Market, by Product Type, 2019-2022 (USD Million)
Table 29 Underfloor Heating Market, by Product Type, 2023-2028 (USD Million)
11.2 Hydronic Underfloor Heating (Wet System)
Figure 42 Manifold and Valve Segment to Hold Largest Share of Underfloor Heating Market for Hydronic Underfloor Heating in 2028
Table 30 Hydronic Underfloor Heating: Underfloor Heating Market, by Application, 2019-2022 (USD Million)
Table 31 Hydronic Underfloor Heating: Underfloor Heating Market, by Application, 2023-2028 (USD Million)
Table 32 Hydronic Underfloor Heating: Underfloor Heating Market, by Region, 2019-2022 (USD Million)
Table 33 Hydronic Underfloor Heating: Underfloor Heating Market, by Region, 2023-2028 (USD Million)
Table 34 Residential: Underfloor Heating Market for Hydronic Underfloor Heating, by Region, 2019-2022 (USD Million)
Table 35 Residential: Underfloor Heating Market for Hydronic Underfloor Heating, by Region, 2023-2028 (USD Million)
Table 36 Commercial: Underfloor Heating Market for Hydronic Underfloor Heating, by Region, 2019-2022 (USD Million)
Table 37 Commercial: Underfloor Heating Market for Hydronic Underfloor Heating, by Region, 2023-2028 (USD Million)
Table 38 Industrial: Underfloor Heating Market for Hydronic Underfloor Heating, by Region, 2019-2022 (USD Million)
Table 39 Industrial: Underfloor Heating Market for Hydronic Underfloor Heating, by Region, 2023-2028 (USD Million)
Table 40 Healthcare: Underfloor Heating Market for Hydronic Underfloor Heating, by Region, 2019-2022 (USD Million)
Table 41 Healthcare: Underfloor Heating Market for Hydronic Underfloor Heating, by Region, 2023-2028 (USD Million)
Table 42 Sports & Entertainment: Underfloor Heating Market for Hydronic Underfloor Heating, by Region, 2019-2022 (USD Million)
Table 43 Sports & Entertainment: Underfloor Heating Market for Hydronic Underfloor Heating, by Region, 2023-2028 (USD Million)
Table 44 Others: Underfloor Heating Market for Hydronic Underfloor Heating, by Region, 2019-2022 (USD Million)
Table 45 Others: Underfloor Heating Market for Hydronic Underfloor Heating, by Region, 2023-2028 (USD Million)
11.2.1 Heating Pipe
11.2.1.1 Designed to Disperse Heat Evenly and Prevent Oxygen from Entering Water System
11.2.2 Thermostat and Sensor
11.2.2.1 Measure Temperature to Control Flow of Heating Medium
11.2.3 Thermal Actuator
11.2.3.1 Controls Hot Water Flow in Underfloor Heating Zones
11.2.4 Zone Valve
11.2.4.1 Controls Heating Operations of Different Building Zones
11.2.5 Wiring Center
11.2.5.1 Effectively Powers Components Based on Voltage Specifications from One Centralized Location
11.2.6 Manifold and Valve
11.2.6.1 Control Temperature by Opening and Closing Valves According to Requirement
11.3 Electric Underfloor Heating (Dry System)
Figure 43 Heating Mat Segment to Hold Largest Market Share in 2028
Table 46 Electric Underfloor Heating: Underfloor Heating Market, by Application, 2019-2022 (USD Million)
Table 47 Electric Underfloor Heating: Underfloor Heating Market, by Application, 2023-2028 (USD Million)
Table 48 Electric Underfloor Heating: Underfloor Heating Market, by Region, 2019-2022 (USD Million)
Table 49 Electric Underfloor Heating: Underfloor Heating Market, by Region, 2023-2028 (USD Million)
Table 50 Residential: Underfloor Heating Market for Electric Underfloor Heating, by Region, 2019-2022 (USD Million)
Table 51 Residential: Underfloor Heating Market for Electric Underfloor Heating, by Region, 2023-2028 (USD Million)
Table 52 Commercial: Underfloor Heating Market for Electric Underfloor Heating, by Region, 2019-2022 (USD Million)
Table 53 Commercial: Underfloor Heating Market for Electric Underfloor Heating, by Region, 2023-2028 (USD Million)
Table 54 Industrial: Underfloor Heating Market for Electric Underfloor Heating, by Region, 2019-2022 (USD Million)
Table 55 Industrial: Underfloor Heating Market for Electric Underfloor Heating, by Region, 2023-2028 (USD Million)
Table 56 Healthcare: Underfloor Heating Market for Electric Underfloor Heating, by Region, 2019-2022 (USD Million)
Table 57 Healthcare: Underfloor Heating Market for Electric Underfloor Heating, by Region, 2023-2028 (USD Million)
Table 58 Sports & Entertainment: Underfloor Heating Market for Electric Underfloor Heating, by Region, 2019-2022 (USD Million)
Table 59 Sports & Entertainment: Underfloor Heating Market for Electric Underfloor Heating, by Region, 2023-2028 (USD Million)
Table 60 Others: Underfloor Heating Market for Electric Underfloor Heating, by Region, 2019-2022 (USD Million)
Table 61 Others: Underfloor Heating Market for Electric Underfloor Heating, by Region, 2023-2028 (USD Million)
11.3.1 Heating Cable
11.3.1.1 Controlled by Individual Room Thermostat and/or Timer
11.3.2 Heating Mat
11.3.2.1 Critical in Do It Yourself (DIY)-based Underfloor Heating Systems
11.3.3 Thermostat and Sensor
11.3.3.1 Monitor and Maintain Floor Temperature at High Efficiency
12 Underfloor Heating Market, by Application
12.1 Introduction
Figure 44 Underfloor Heating Market, by Application
Figure 45 Residential Segment to Dominate Underfloor Heating Market During Forecast Period
Table 62 Underfloor Heating Market, by Application, 2019-2022 (USD Million)
Table 63 Underfloor Heating Market, by Application, 2023-2028 (USD Million)
12.2 Residential
12.2.1 Single-Family House
12.2.1.1 Increasing Demand due to Comfort, Energy Efficiency, and Design Flexibility
12.2.2 Apartment
12.2.2.1 Compatibility with Different Floor Coverings
Table 64 Residential: Underfloor Heating Market, by Product Type, 2019-2022 (USD Million)
Table 65 Residential: Underfloor Heating Market, by Product Type, 2023-2028 (USD Million)
Table 66 Residential: Underfloor Heating Market, by Region, 2019-2022 (USD Million)
Table 67 Residential: Underfloor Heating Market, by Region, 2023-2028 (USD Million)
12.3 Commercial
Table 68 Commercial: Underfloor Heating Market, by Product Type, 2019-2022 (USD Million)
Table 69 Commercial: Underfloor Heating Market, by Product Type, 2023-2028 (USD Million)
Table 70 Commercial: Underfloor Heating Market, by Region, 2019-2022 (USD Million)
Table 71 Commercial: Underfloor Heating Market, by Region, 2023-2028 (USD Million)
12.3.1 Retail
12.3.1.1 Growing Adoption of Humidity Control Systems
12.3.2 Transportation and Logistics
12.3.2.1 Increasing Installation for Efficient and Comfortable Heating Systems
12.3.3 Hospitality
12.3.3.1 High Energy Efficiency and Aesthetic Advantages
12.4 Healthcare
12.4.1 Growing Deployment in Medical Facilities, Hospitals, and Clinics as Effective and Hygienic Heating Option
Table 72 Healthcare: Underfloor Heating Market, by Product Type, 2019-2022 (USD Million)
Table 73 Healthcare: Underfloor Heating Market, by Product Type, 2023-2028 (USD Million)
Table 74 Healthcare: Underfloor Heating Market, by Region, 2019-2022 (USD Million)
Table 75 Healthcare: Underfloor Heating Market, by Region, 2023-2028 (USD Million)
12.5 Sports & Entertainment
12.5.1 Rising Use to Provide Comfort and Create Hassle-Free Environment for Players
Table 76 Sports & Entertainment: Underfloor Heating Market, by Product Type, 2019-2022 (USD Million)
Table 77 Sports & Entertainment: Underfloor Heating Market, by Product Type, 2023-2028 (USD Million)
Table 78 Sports & Entertainment: Underfloor Heating Market, by Region, 2019-2022 (USD Million)
Table 79 Sports & Entertainment: Underfloor Heating Market, by Region, 2023-2028 (USD Million)
12.6 Industrial
12.6.1 Increasing Deployment as Efficient and Localized Heating Solution
Table 80 Industrial: Underfloor Heating Market, by Product Type, 2019-2022 (USD Million)
Table 81 Industrial: Underfloor Heating Market, by Product Type, 2023-2028 (USD Million)
Table 82 Industrial: Underfloor Heating Market, by Region, 2019-2022 (USD Million)
Table 83 Industrial: Underfloor Heating Market, by Region, 2023-2028 (USD Million)
12.7 Others
Table 84 Others: Underfloor Heating Market, by Product Type, 2019-2022 (USD Million)
Table 85 Others: Underfloor Heating Market, by Product Type, 2023-2028 (USD Million)
Table 86 Others: Underfloor Heating Market, by Region, 2019-2022 (USD Million)
Table 87 Others: Underfloor Heating Market, by Region, 2023-2028 (USD Million)
13 Underfloor Heating Market, by Region
13.1 Introduction
Figure 46 Underfloor Heating Market, by Region
Figure 47 Underfloor Heating Market: Regional Snapshot
Figure 48 UK to be Fastest-Growing Underfloor Heating Market During Forecast Period
Table 88 Underfloor Heating Market, by Region, 2019-2022 (USD Million)
Table 89 Underfloor Heating Market, by Region, 2023-2028 (USD Million)
13.2 North America
13.2.1 North America: Recession Impact
Figure 49 North America: Snapshot of Underfloor Heating Market
Table 90 North America: Underfloor Heating Market, by Country, 2019-2022 (USD Million)
Table 91 North America: Underfloor Heating Market, by Country, 2023-2028 (USD Million)
Table 92 North America: Underfloor Heating Market, by Application, 2019-2022 (USD Million)
Table 93 North America: Underfloor Heating Market, by Application, 2023-2028 (USD Million)
13.2.2 US
13.2.2.1 Increased Consumer Awareness and Need for Energy Efficiency
13.2.3 Canada
13.2.3.1 Technological Advancements and Expanding Construction Industry
13.2.4 Mexico
13.2.4.1 Growing Adoption Attributed to Comfort and Energy Efficiency
13.3 Europe
13.3.1 Europe: Recession Impact
Figure 50 Europe: Snapshot of Underfloor Heating Market
Table 94 Europe: Underfloor Heating Market, by Country, 2019-2022 (USD Million)
Table 95 Europe: Underfloor Heating Market, by Country, 2023-2028 (USD Million)
Table 96 Europe: Underfloor Heating Market, by Application, 2019-2022 (USD Million)
Table 97 Europe: Underfloor Heating Market, by Application, 2023-2028 (USD Million)
13.3.2 UK
13.3.2.1 Excellent Aesthetics and Affordability
13.3.3 Germany
13.3.3.1 Presence of Established Infrastructure and Growing Demand for Efficient Heating Solutions
13.3.4 France
13.3.4.1 Increasing New Construction Projects and Renovation Activities
13.3.5 Belgium
13.3.5.1 Government-LED Incentives and Technological Advancements
13.3.6 Netherlands
13.3.6.1 Rising Focus on Sustainability
13.3.7 Italy
13.3.7.1 Rising Demand for Energy-Efficient Underfloor Heating Systems
13.3.8 Poland
13.3.8.1 Presence of EU Regional Operational Programs
13.3.9 Rest of Europe
13.4 Asia-Pacific
13.4.1 Asia-Pacific: Recession Impact
Figure 51 Asia-Pacific: Snapshot of Underfloor Heating Market
Table 98 Asia-Pacific: Underfloor Heating Market, by Country, 2019-2022 (USD Million)
Table 99 Asia-Pacific: Underfloor Heating Market, by Country, 2023-2028 (USD Million)
Table 100 Asia-Pacific: Underfloor Heating Market, by Application, 2019-2022 (USD Million)
Table 101 Asia-Pacific: Underfloor Heating Market, by Application, 2023-2028 (USD Million)
13.4.2 China
13.4.2.1 Growing Urbanization and Need for Reducing Greenhouse Gas Emissions
13.4.3 Japan
13.4.3.1 Increasing Demand for Modern Heating Solutions
13.4.4 South Korea
13.4.4.1 High Preference for Floor Heating due to Extremely Cold and Dry Weather
13.4.5 Rest of Asia-Pacific
13.5 RoW
13.5.1 RoW: Recession Impact
Figure 52 Middle East & Africa to Register Higher CAGR in RoW Underfloor Heating Market During Forecast Period
Table 102 RoW: Underfloor Heating Market, by Region, 2019-2022 (USD Billion)
Table 103 RoW: Underfloor Heating Market, by Region, 2023-2028 (USD Billion)
Table 104 RoW: Underfloor Heating Market, by Application, 2019-2022 (USD Million)
Table 105 RoW: Underfloor Heating Market, by Application, 2023-2028 (USD Million)
13.5.2 Middle East & Africa
13.5.2.1 Increasing Premium Real Estate Properties
13.5.3 South America
13.5.3.1 Rising Awareness Regarding Benefits of Underfloor Heating Systems
14 Competitive Landscape
14.1 Overview
Table 106 Key Strategies Adopted by Major Players
14.2 Revenue Analysis, 2019-2022
Figure 53 Underfloor Heating Market Revenue Analysis, 2019-2022
14.3 Market Share Analysis, 2022
Table 107 Underfloor Heating Market: Degree of Competition
Figure 54 Underfloor Heating Market: Market Share Analysis, 2022
14.4 Competitive Evaluation Matrix, 2022
14.4.1 Stars
14.4.2 Emerging Leaders
14.4.3 Pervasive Players
14.4.4 Participants
Figure 55 Underfloor Heating Market (Global): Company Evaluation Matrix, 2022
14.5 Startups/Small and Medium-Sized Enterprises (SMEs) Evaluation Matrix, 2022
14.5.1 Progressive Companies
14.5.2 Responsive Companies
14.5.3 Dynamic Companies
14.5.4 Starting Blocks
Figure 56 Underfloor Heating Market: Startups/SMEs Evaluation Matrix, 2022
14.6 Company Footprint
Table 108 Product Type: Company Footprint
Table 109 Application: Company Footprint
Table 110 Region: Company Footprint
Table 111 Company Footprint
14.7 Competitive Benchmarking
14.7.1 Detailed List of Key Startups/SMEs
Table 112 Underfloor Heating Market: Key Startups/SMEs
14.7.2 Underfloor Heating Market: Competitive Benchmarking of Key Startups/SMEs, by Product Type
Table 113 Product Type: Startups/SMEs Footprint
14.7.3 Underfloor Heating Market: Competitive Benchmarking of Key Startups/SMEs, by Application
Table 114 Application: Startups/SMEs Footprint
14.7.4 Underfloor Heating Market: Competitive Benchmarking of Key Startups/SMEs, by Region
Table 115 Region: Startups/SMEs Footprint
14.8 Competitive Scenarios and Trends
14.8.1 Product Launches
Table 116 Underfloor Heating Market: Product Launches, January 2021-May 2023
14.8.2 Deals
Table 117 Underfloor Heating Market: Deals, January 2021-May 2023
15 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats)*
15.1 Key Players
15.1.1 Uponor Corporation
Table 118 Uponor Corporation: Company Overview
Figure 57 Uponor Corporation: Company Snapshot
Table 119 Uponor Corporation: Product/Solution/Service Offerings
Table 120 Uponor Corporation: Deals
15.1.2 Resideo Technologies Inc.
Table 121 Resideo Technologies Inc.: Company Overview
Figure 58 Resideo Technologies Inc.: Company Snapshot
Table 122 Resideo Technologies Inc.: Product/Solution/Service Offerings
Table 123 Resideo Technologies Inc.: Product Launches
Table 124 Resideo Technologies Inc.: Deals
15.1.3 nVent
Table 125 nVent: Company Overview
Figure 59 nVent: Company Snapshot
Table 126 nVent: Product/Solution/Service Offerings
Table 127 nVent: Product Launches
Table 128 nVent: Deals
15.1.4 Warmup
Table 129 Warmup: Company Overview
Table 130 Warmup: Product/Solution/Service Offerings
Table 131 Warmup: Deals
15.1.5 REHAU Ltd.
Table 132 REHAU Ltd.: Company Overview
Figure 60 REHAU Ltd.: Company Snapshot
Table 133 REHAU Ltd.: Product/Solution/Service Offerings
Table 134 REHAU Ltd.: Product Launches
15.1.6 Emerson Electric Co.
Table 135 Emerson Electric Co.: Company Overview
Figure 61 Emerson Electric Co.: Company Snapshot
Table 136 Emerson Electric Co.: Product/Solution/Service Offerings
15.1.7 Robert Bosch GmbH
Table 137 Robert Bosch GmbH: Company Overview
Figure 62 Robert Bosch GmbH: Company Snapshot
Table 138 Robert Bosch GmbH: Product/Solution/Service Offerings
15.1.8 Danfoss
Table 139 Danfoss: Company Overview
Figure 63 Danfoss: Company Snapshot
Table 140 Danfoss: Product/Solution/Service Offerings
Table 141 Danfoss: Product Launches
15.1.9 Mitsubishi Electric Corporation
Table 142 Mitsubishi Electric Corporation: Company Overview
Figure 64 Mitsubishi Electric Corporation: Company Snapshot
Table 143 Mitsubishi Electric Corporation: Product/Solution/Service Offerings
15.1.10 Siemens AG
Table 144 Siemens AG: Company Overview
Figure 65 Siemens AG: Company Snapshot
Table 145 Siemens AG: Product/Solution/Service Offerings
15.1.11 Schneider Electric
Table 146 Schneider Electric: Company Overview
Figure 66 Schneider Electric: Company Snapshot
Table 147 Schneider Electric: Product/Solution/Service Offerings
15.1.12 Incognito Heat Co.
Table 148 Incognito Heat Co.: Company Overview
Table 149 Incognito Heat Co.: Product/Solution/Service Offerings
15.2 Other Players
15.2.1 Myson
15.2.2 Thermosoft International Corporation
15.2.3 Flexel International
15.2.4 Nexans
15.2.5 Amuheat
15.2.6 ESI Heating and Cooling
15.2.7 Janes Radiant
15.2.8 Warmafloor
15.2.9 Rayotec Ltd.
15.2.10 RBT Underfloor Ltd.
15.2.11 Uheat
15.2.12 Solfex Ltd.
15.2.13 Schluter-Systems
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats)* Might Not be Captured in Case of Unlisted Companies
16 Appendix
16.1 Insights from Industry Experts
16.2 Discussion Guide
16.3 KnowledgeStore: The Subscription Portal
16.4 Customization Options

Executive Summary

Companies Mentioned

  • Amuheat
  • Chinmaya Mission
  • Danfoss
  • Devex Systems
  • Emerson Electric Co.
  • ESI Heating and Cooling
  • Flexel International
  • Incognito Heat Co.
  • Janes Radiant
  • Mitsubishi Electric Corporation
  • Myson
  • Nexans
  • nVent
  • Rayotec Ltd.
  • RBT Underfloor Ltd.
  • REHAU Ltd.
  • Resideo Technologies Inc.
  • Robert Bosch GmbH
  • Schluter-Systems
  • Schneider Electric
  • Siemens AG
  • Solfex Ltd.
  • Thermo Floor UK
  • Thermosoft International Corporation
  • Uheat
  • Uponor Corporation
  • Warmafloor
  • Warmup

Methodology

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Table Information

Report AttributeDetails
No. of Pages206
PublishedJune 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 5.1 Billion
Forecasted Market Value ( USD ) by 2028 $ 7.4 Billion
Compound Annual Growth Rate7.5%
Regions CoveredGlobal
No. of Companies Mentioned28

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About the Underfloor Heating Market

Underfloor heating is a type of HVAC system that uses heated air or water to warm the floors of a building. It is an efficient and cost-effective way to heat a space, as it eliminates the need for radiators or other bulky heating systems. Underfloor heating is also beneficial for its even distribution of heat, which helps to maintain a comfortable temperature throughout the building. Underfloor heating systems are typically installed during the construction of a building, but can also be retrofitted into existing structures. The system is composed of a network of pipes or electric cables that are laid beneath the flooring. The pipes or cables are connected to a boiler or heat pump, which circulates hot water or air through the system. Underfloor heating is becoming increasingly popular in both residential and commercial buildings, as it is a more energy-efficient and cost-effective way to heat a space. It is also beneficial for its even distribution of heat, which helps to maintain a comfortable temperature throughout the building. Some companies in the Underfloor Heating market include Uponor, Honeywell, Danfoss, and Heatmiser. Show Less Read more

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