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The Underfloor Heating Market size was estimated at USD 4.92 billion in 2022, USD 5.32 billion in 2023, and is expected to grow at a CAGR of 8.47% to reach USD 9.44 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
The underfloor heating market involves the manufacturing, distribution, and installation of systems that provide radiant heating beneath various types of flooring surfaces. These systems efficiently heat residential, commercial, and industrial buildings by evenly distributing heat across a room while minimizing energy consumption. The primary function of underfloor heating is to maintain comfortable indoor temperatures in colder climates while enhancing energy efficiency. The increasing industrialization and urbanization and surging demand for commercial, residential, and industrial buildings drive the demand for underfloor heating. On the contrary, the cost associated with installing underfloor heating systems and functional issues limit market growth. However, initiatives towards smart city development and introducing improved underfloor heating systems are expected to proliferate the market growth in the coming years.
Regional Insights
The Americas region has experienced a steady growth in underfloor heating demand due to increased construction activities and energy-efficient building regulations. The U.S. standards, such as LEED certification, encourage sustainable construction practices incorporating energy-saving technologies. Although this presents opportunities for manufacturers, it also calls for compliance with strict regulatory requirements. Asia-Pacific is expected to have an accelerated growth rate in the underfloor heating market due to rapid urbanization, increasing disposable income levels, and government initiatives promoting energy-efficient technologies. Countries such as China and India provide immense potential for expansion due to increasing investments in the construction sector and smart city initiatives launched by the governments. To capitalize on this market opportunity, some companies are forming strategic partnerships with local firms or investing directly in regional production facilities. The EMEA region holds a significant share of the global underfloor heating market due to stringent regulations to decrease carbon emissions and increase energy efficiency in buildings. The region also has the presence of prominent players involved in continuous process improvement and launch. Meanwhile, emerging countries in the region require tailored strategies targeting local competition and regional preferences.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Underfloor Heating Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Underfloor Heating Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Underfloor Heating Market, highlighting leading vendors and their innovative profiles. These include Ambiente Systems Ltd., Amuheat Pty Limited, Arkon Heating, ASIASTAR co., Ltd., Daikin Industries, Ltd., Danfoss A/S, Devex Systems Pty Limited, Emerson Electric Co., EMPUR Produktions GmbH, ESI Heating and Cooling, Flexel International Ltd., Gaia Climate Solutions, Genuit Group PLC, Gold Heat, Green Building Renewables, Hemstedt GmbH, Hunt Heating, IMI PLC, Incognito Heat Co Ltd., Janes Radiant Heating, JK floorheating Ltd., Mitsubishi Electric Corporation, Mysa, Nexans, S.A., nVent Electric PLC, OJ Electronics A/S By BITZER Kühlmaschinenbau GmbH, Purmo Group Oy Ab, REHAU Limited, Reliance Worldwide Corporation Ltd., Resideo Technologies, Inc., Robert Bosch GmbH, Schluter Systems L.P., Schneider Electric SE, Schütz GmbH & Co. KGaA, Siemens AG, Stiebel Eltron GmbH & Co. KG, Therma-HEXX Corporation, ThermoSoft International Corp., Uponor Corporation, and Warmup PLC.Market Segmentation & Coverage
This research report categorizes the Underfloor Heating Market to forecast the revenues and analyze trends in each of the following sub-markets:- Offering
- Hardware
- Services
- Type
- Electric Underfloor Heating
- Hydronic Underfloor Heating
- Installation Type
- New Installation
- Retrofitting
- Application
- Commercial
- Industrial
- Residential
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as
- What is the market size and forecast of the Underfloor Heating Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Underfloor Heating Market?
- What are the technology trends and regulatory frameworks in the Underfloor Heating Market?
- What is the market share of the leading vendors in the Underfloor Heating Market?
- Which modes and strategic moves are suitable for entering the Underfloor Heating Market?
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Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Underfloor Heating Market, by Offering
7. Underfloor Heating Market, by Type
8. Underfloor Heating Market, by Installation Type
9. Underfloor Heating Market, by Application
10. Americas Underfloor Heating Market
11. Asia-Pacific Underfloor Heating Market
12. Europe, Middle East & Africa Underfloor Heating Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix
List of Figures
List of Tables
Companies Mentioned
- Ambiente Systems Ltd.
- Amuheat Pty Limited
- Arkon Heating
- ASIASTAR co., Ltd.
- Daikin Industries, Ltd.
- Danfoss A/S
- Devex Systems Pty Limited
- Emerson Electric Co.
- EMPUR Produktions GmbH
- ESI Heating and Cooling
- Flexel International Ltd.
- Gaia Climate Solutions
- Genuit Group PLC
- Gold Heat
- Green Building Renewables
- Hemstedt GmbH
- Hunt Heating
- IMI PLC
- Incognito Heat Co Ltd.
- Janes Radiant Heating
- JK floorheating Ltd.
- Mitsubishi Electric Corporation
- Mysa
- Nexans, S.A.
- nVent Electric PLC
- OJ Electronics A/S By BITZER Kühlmaschinenbau GmbH
- Purmo Group Oy Ab
- REHAU Limited
- Reliance Worldwide Corporation Ltd.
- Resideo Technologies, Inc.
- Robert Bosch GmbH
- Schluter Systems L.P.
- Schneider Electric SE
- Schütz GmbH & Co. KGaA
- Siemens AG
- Stiebel Eltron GmbH & Co. KG
- Therma-HEXX Corporation
- ThermoSoft International Corp.
- Uponor Corporation
- Warmup PLC
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 196 |
| Published | March 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 5.32 Billion |
| Forecasted Market Value ( USD | $ 9.44 Billion |
| Compound Annual Growth Rate | 8.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 40 |
