USD 5.06 Billion
Underfloor Heating Market Size, Share, Growth Analysis, By Product(Hydronic and Electric), By Offering(Hardware and Service), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20C2037 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|Tables:
59
|Figures:
77
Underfloor Heating Market Insights
Underfloor Heating Market size was valued at USD 5.45 Billion in 2023 and is poised to grow from USD 5.87 Billion in 2024 to USD 10.62 Billion by 2032, growing at a CAGR of 7.70% during the forecast period (2025-2032).
It is widely used in both residential and commercial structures and aids in reducing the amount of power used by heaters. The entire carbon footprint of a building is reduced by underfloor heating since it is 15–20% more energy efficient than conventional techniques.
In light of this, it is regarded as the best option for heating homes. The market for underfloor heating is being driven by a number of important factors, including an increase in the level of comfort and flexibility, as well as an increase in the energy efficiency standards being introduced, an increase in the standard of living, an increase in the stringent government regulations, an increase in the extreme climatic conditions, and an increase in the demand for space heating.
Additionally, in the time frame covered by the forecast, the market for underfloor heating will see an increase in the deployment of IoT-enabled underfloor heating systems in smart homes, an increase in environmental concerns, a rise in the number of efficiency standards, and a rapid digitalization of underfloor heating.
Homes constructed to this standard should release 75% to 80% less CO2 than homes constructed in accordance with current building regulations, according to the UK Department for Business, Energy & Industrial Strategy.
Rising consumer demand for energy-efficient heating solutions, coupled with advancements in technology, propels the market forward. Underfloor heating offers uniform warmth distribution, comfort, and energy efficiency, making it increasingly popular in residential and commercial applications. The construction industry's growth and the integration of smart home technologies further contribute to market expansion.
US Underfloor Heating Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Electric
Fastest Growth
Electric
Growth Rate
7.70% CAGR
Global Underfloor Heating Market ($ Bn)
Country Share for North America Region (%)
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Underfloor Heating Market Segmental Analysis
Global Underfloor Heating Market is segmented on the basis of product, offering, installation and region. By product, the market is segmented into hydronic and electric. By offering, market is segmented into hardware and service. by installation, the market is segmented into new and retrofit. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Underfloor Heating Market Analysis by Offering
The hardware industry controlled the world market. Pipes, distribution units, wires, control interfaces, and sensors are typically found as hardware components in underfloor heating systems. As a result, the expansion of this market is primarily driven by the spike in demand for hardware components such as distribution units and pipes & cables for use in hydronic as well as electric systems. Additionally, the growing number of home remodeling projects and the booming real estate industry drive demand for underfloor heating system hardware, propelling the expansion of the global market.
The need for services that ensure the efficient operation of such solutions, on the other hand, is expected to cause the service segment to see the highest CAGR throughout the projected period. Additionally, the demand for detailed installation support for such projects fuels the segment's expansion.
Underfloor Heating Market Analysis by Product
Due to its affordable installation costs, the electric underfloor heating market is predicted to grow at the greatest CAGR during the forecast period. This is due to the fact that the electric solution, as opposed to hydronic underfloor heating, uses fewer parts and flexible, non-corrosive elements and depends on energy for operation.
The hydronic underfloor heating method forces heated water from a boiler via a network of tubes under the floor, radiating heat into the room or space. Furthermore, this kind of technology can be used on a wide range of floor surfaces, including marble, carpet, timber, stone, slate, and almost all types of tiles.
Global Underfloor Heating Market By Product
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Underfloor Heating Market Regional Insights
Due to factors including the adoption of energy efficiency requirements, the rising level of living, and the demand for space underfloor heating as a result of the extreme climatic conditions, North America accounts for the highest share of global market revenue. Additionally, the US federal government and a number of states across the nation are providing tax breaks for the installation of efficient hydronic underfloor heating systems. These regional government programmers are what fuel the expansion of the world market.
Additionally, during the course of the projection period, the global market is expected to rise significantly in Europe. The market is expanding as a result of the region's continued trend of promoting electric underfloor heating systems. In Europe, for instance, EUHA encourages the use of extremely efficient electric systems to cut emissions.
Global Underfloor Heating Market By Region
- Largest
- Fastest
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Underfloor Heating Market Dynamics
Underfloor Heating Market Drivers
Comfort and Thermal Performance to Bolster Sales
- Underfloor heating provides even heat distribution across the floor, resulting in improved thermal comfort within indoor spaces. It eliminates cold spots and drafts commonly associated with traditional heating methods. The growing awareness and demand for enhanced comfort and thermal performance in residential and commercial buildings are fueling the adoption of underfloor heating systems.
- The concept of smart homes is gaining popularity worldwide, with homeowners seeking innovative and convenient solutions for home automation. Underfloor heating systems can be integrated with smart home technologies, allowing users to control heating settings remotely through mobile applications or voice assistants. The demand for smart home solutions is driving the adoption of underfloor heating systems.
Underfloor Heating Market Restraints
Limited Retrofit Opportunities to Hinder Market Growth
- Retrofitting underfloor heating systems in existing buildings can be challenging. The installation process may involve significant disruption and modification of the existing floor structure, making it less feasible in some situations. This limitation restricts the adoption of underfloor heating in retrofit projects and existing buildings.
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Underfloor Heating Market Competitive Landscape
Details are provided by rivals in the underfloor heating market competitive landscape. The following information is provided: a company overview, financials, revenue generated, market potential, investment in R&D, new market initiatives, regional presence, company strengths and weaknesses, product introduction, product width and breadth, and application domination. Only the companies' market focus on underfloor heating is addressed in the aforementioned data points.
Top Player’s Company Profiles in Underfloor Heating Market
- Rehau AG + Co (Germany)
- Schneider Electric SE (France)
- Pentair PLC (Ireland)
- Siemens AG (Germany)
- Robert Bosch GmbH (Germany)
- Honeywell International Inc. (United States)
- Raychem Corporation (United States)
- Warmup PLC (United Kingdom)
- Myson (United Kingdom)
- Hunt Heating (Australia)
- Nexans S.A. (France)
- Amuheat Pty Ltd (Australia)
- Polypipe Group PLC (United Kingdom)
- Sensata Technologies Holding N.V. (Netherlands)
- Nu-Heat UK Ltd (United Kingdom)
- ThermoSoft International Corporation (United States)
- Heatmiser UK Ltd (United Kingdom)
- Gaia Climate Solutions Ltd (United Kingdom)
- Arkon Flow Systems (Turkey)
Underfloor Heating Market Recent Developments
-
In June 2023, Swiss industrial group Georg Fischer (GF) presented a competing proposal for Uponor, the plumbing and heating systems manufacturer. This move has elevated Uponor's shares, surpassing the bid made by Belgium's Aliaxis. GF's offer, priced at 28.85 euros per share, places Uponor's valuation at 2.1 billion euros ($2.26 billion), presenting a 12% premium compared to Aliaxis' bid of 25.75 euros. Despite this, Uponor's shares have climbed even higher to 29.38 euros, indicating a potential expectation of additional bids in the future.
-
In March 2023, REHAU is poised to showcase its upcoming district heating shroud innovation at Futurebuild 2023. As a leading polymer pipework manufacturer, REHAU will present this next-generation product exclusively at its stand during the event.
Underfloor Heating Key Market Trends
- Zoning capabilities in underfloor heating systems are becoming increasingly important. These systems allow users to control and adjust heating settings in individual rooms or zones independently, optimizing comfort and energy usage. Zoning not only enhances comfort but also offers energy savings by heating only occupied areas, making it an appealing feature for both residential and commercial applications.
Underfloor Heating Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global underfloor heating market has been growing steadily due to increasing awareness about energy-efficient heating systems, rising demand for enhanced comfort, and the adoption of sustainable heating solutions. The market size is expected to reach a significant value in the forecast period. These companies focus on product innovation, technological advancements, and strategic collaborations to maintain their market position. They also emphasize expanding their distribution networks and catering to diverse customer needs to gain a competitive edge. The global underfloor heating market is poised for continued growth due to increasing demand for energy-efficient heating solutions, the rise of smart homes, and the construction industry's expansion. The market presents opportunities for both established players and new entrants to capitalize on the growing demand for underfloor heating systems across residential, commercial, and industrial sectors.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5.06 Billion |
| Market size value in 2031 | USD 9.86 Billion |
| Growth Rate | 7.70% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Underfloor Heating Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Underfloor Heating Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Underfloor Heating Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Underfloor Heating Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Underfloor Heating Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Underfloor Heating Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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