Underfloor Heating Market: Growth, Business Experts, Industry Trends and Forecast

The underfloor heating market has experienced remarkable growth in recent years, driven by an increasing awareness of energy-efficient heating solutions, advancements in technology, and a shift towards sustainable building practices. 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%.

Underfloor Heating Market Overview:

The underfloor heating market has witnessed substantial expansion globally, focusing on providing efficient and uniform heating solutions for residential, commercial, and industrial spaces. The benefits associated with underfloor heating fuel this market growth, including improved energy efficiency, space-saving design, and enhanced thermal comfort.

Types of Underfloor Heating Systems:

There are two main types of underfloor heating systems: electric underfloor heating (dry system) and hydronic underfloor heating (wet system). Electric systems use heating cables or mats installed beneath the floor surface, while hydronic systems utilize a network of water pipes connected to a central heating source. Both systems provide a consistent and even distribution of heat across the floor, creating a comfortable indoor environment.

Underfloor Heating Market Residential Applications:

In the residential sector, underfloor heating has become increasingly popular due to its ability to provide efficient heating while maximizing living space. It is commonly used in new constructions as well as in renovations. The even distribution of heat eliminates the need for radiators or baseboard heaters, allowing for more flexible and aesthetically pleasing interior design.

Companies Covered — 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) A total of 25 players covered

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Commercial and Industrial Applications:

In commercial and industrial settings, underfloor heating is applied in various spaces, including offices, retail stores, warehouses, and manufacturing facilities. The energy efficiency and uniform heating offered by these systems contribute to a more comfortable working environment. Additionally, underfloor heating is often used in spaces with specific requirements, such as cleanrooms or areas where traditional heating methods may be impractical.

Energy Efficiency and Sustainability:

One of the key drivers of the underfloor heating market is the growing emphasis on energy efficiency and sustainability in building design. Underfloor heating systems operate at lower temperatures compared to traditional heating methods, reducing energy consumption and, consequently, lowering utility costs. This aligns with global efforts to adopt eco-friendly solutions and reduce the carbon footprint of buildings.

Technological Advancements:

Technological advancements in underfloor heating systems have played a significant role in market growth. Smart thermostats and control systems allow users to regulate and customize heating settings remotely, optimizing energy usage. Integration with smart home systems further enhances the overall efficiency and convenience of underfloor heating solutions.

Underfloor Heating Market Trends and Regional Variances:

Trends in the underfloor heating market include the increasing adoption of water-based systems due to their energy efficiency, the integration of smart technology for remote control and monitoring, and the incorporation of sustainable materials in system components. While the market is expanding globally, regional variances exist based on climate, building practices, and awareness of underfloor heating benefits.

1 INTRODUCTION (Page No. — 27)

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 (Page No. — 31)

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 (Page No. — 42)

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 (Page No. — 46)

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

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