Underfloor Heating Market

GMI Research analysis indicates that the Underfloor Heating Market size was estimated at USD 4.5 billion in 2021 and is slated to register a single digit CAGR of 7.1% over the forecast period, and is projected to reach USD 7.8 billion in 2029.

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Key Drivers

The driving factors in the Underfloor Heating Market are that it is witnessing growth, recognition and increasing demand for central heating technologies. Nowadays, emphasis is taken to reduce the carbon footprint generated from conventional radiators with the ongoing trend to shift towards clean heating technology is positively enhancing the industry perception. In addition, there has been a rising household heating demand especially for deployment across kitchen and bathroom spaces. The other major drivers of this market are that underfloor heating is used for various applications, and its use has been seen increasing in large-scale commercial properties in both new housing developments and new business premises. The other driving factors that has made underfloor market popular are the choice of space heating for newly built properties because of the significant growth in renewable energy sector and pressure of governments to reduce the conventional heating load. The operating temperature of underfloor heating system is a low temperature, which can be easily achieved. It is being used largely in the real estate business for the development of flats and apartments, which are mainly suited to this type of heating system. However, the restraining factors hampering the growth of this market are the slow response time of underfloor heating, high installation and labour cost.

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Top Market Players

Key players in this market are Danfoss A/S (Denmark), Uponor Corporation (Finland), Emersion Electric Co. (US), Honeywell International (US), Schneider Electric SE (France), Siemens AG (Germany), Robert Bosch (Germany). Pentair PLC (US), Mitsubishi Electric Corporation (Japan), and Nexans S.A. (France).

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Segments covered in the Report:

Global Underfloor Heating Market has been segmented on the basis of Product type, application areas, by type of installation facility available and region. Based on the type of product it is segmented as electric underfloor heating and hydronic underwater heating. Based on application verticals it is segmented as residential, industrial and commercial. On the basis of type of installation facility, the market is segmented as installation in existing buildings and new buildings. The region in focus is entire world market. The report highlights the main market drivers fuelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the underfloor heating in global market. The competitive landscape section of the report captures and highlights the recent developments within the market

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Key questions answered in this research report:

• • At what pace is Global Underfloor heating market growing? What will be growth trend in future?
  • What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in Underfloor heating market?
  • What are the various application areas and how they are poised to grow?

Market Segmentation

By Product Type

• • Electric underfloor heating
  • Hydronic underfloor heating

By Application Type

• • Residential {Single Family, Multi Family}
  • Industrial
  • Commercial {Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality}

By Installation Type

• • Existing buildings
  • New buildings

Global Underfloor Heating System by Region

• • North America Global Underfloor Heating System (Option 1: As a part of the free 25% customization)
    • By Product Type
    • By Application Type
    • By Installation Type
    • US Market All-Up
    • Canada Market All-Up
  • Europe Global Underfloor Heating System (Option 2: As a part of the free 25% customization)
    • By Type
    • By End-Use
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Global Underfloor Heating System (Option 3: As a part of the free 25% customization)
    • By Type
    • By End-Use
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Global Underfloor Heating System (Option 4: As a part of the free 25% customization)
    • By Type
    • By End-Use
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Key market players here are

• • Danfoss A/S (Denmark)
  • Uponor Corporation (Finland)
  • Emersion Electric Co. (US)
  • Honeywell International (US)
  • Schneider Electric SE (France)
  • Siemens AG (Germany)
  • Robert Bosch (Germany)
  • Pentair PLC (US)
  • Mitsubishi Electric Corporation (Japan)
  • Nexans S.A. (France).