Underfloor Heating Market by Offering (Hardware, Services), Type (Electric Underfloor Heating, Hydronic Underfloor Heating), Installation Type, Application - Global Forecast 2024-2030

Underfloor Heating Market by Offering (Hardware, Services), Type (Electric Underfloor Heating, Hydronic Underfloor Heating), Installation Type, Application - Global Forecast 2024-2030


The Underfloor Heating Market size was estimated at USD 5.32 billion in 2023 and expected to reach USD 5.76 billion in 2024, at a CAGR 8.53% to reach USD 9.44 billion by 2030.

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.

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1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Rising residential and commercial construction activities
5.1.1.2. Growing demand for energy-efficient underfloor heating solutions
5.1.1.3. Continuous investments in the expansion of the industrial sector
5.1.2. Restraints
5.1.2.1. Concern associated with floor height and high installation costs
5.1.3. Opportunities
5.1.3.1. Ongoing technological advancements in underfloor heating
5.1.3.2. Emergence of smart building concept and need for underfloor heating solutions
5.1.4. Challenges
5.1.4.1. Operational issues with underfloor heating across diverse climate conditions
5.2. Market Segmentation Analysis
5.2.1. Offering: Significant adoption of underfloor heating hardware to generate and manage heat
5.2.2. Type: Proliferating use of hydronic underfloor heating systems for larger properties or new construction
5.2.3. Installation Type: Potential use of new installation among homeowners and builders for constructing new homes or commercial properties
5.2.4. Application: High adoption of underfloor heating systems in industrial sectors
5.3. Market Trend Analysis
5.3.1. Increasing development of energy efficient system coupled with construction activities across Americas
5.3.2. Rising industrial spending and ongoing Institution research for advancing capabilities of underfloor heating across Asia-Pacific
5.3.3. Expansion of smart grid infrastructure coupled with the presence of major native manufacturers in the EMEA region
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter’s Five Forces Analysis
5.6.1. Threat of New Entrants
5.6.2. Threat of Substitutes
5.6.3. Bargaining Power of Customers
5.6.4. Bargaining Power of Suppliers
5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
6. Underfloor Heating Market, by Offering
6.1. Introduction
6.2. Hardware
6.3. Services
7. Underfloor Heating Market, by Type
7.1. Introduction
7.2. Electric Underfloor Heating
7.3. Hydronic Underfloor Heating
8. Underfloor Heating Market, by Installation Type
8.1. Introduction
8.2. New Installation
8.3. Retrofitting
9. Underfloor Heating Market, by Application
9.1. Introduction
9.2. Commercial
9.3. Industrial
9.4. Residential
10. Americas Underfloor Heating Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Underfloor Heating Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Underfloor Heating Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
13.3.1. Renewables firm expands further with South coast acquisition
13.3.2. Bitzer to acquire floor heating and controls specialist OJ electronics
13.3.3. Resideo Launches New Smart Thermostat with Integrated Home Comfort Solutions
13.3.4. Gold Heat Announces Partnership with HomeAid
13.3.5. IMI completes Heatmiser purchase
13.3.6. New Eco-friendly ThermaPANEL Hydronic Radiant Heating and Cooling System Improves Efficiency, Reduces Energy Costs, Eliminates Onsite Fossil Fuels
13.3.7. nVent and MAPEI Introduce Mapeheat Electrical Underfloor Heating Products in the UK
13.3.8. Uponor Launches New Xpress Trak Residential Radiant Heating Panels
13.3.9. Aqara Smart Thermostat S3 with LED Display Announced
14. Competitive Portfolio
14.1. Key Company Profiles
14.2. Key Product Portfolio
FIGURE 1. UNDERFLOOR HEATING MARKET RESEARCH PROCESS
FIGURE 2. UNDERFLOOR HEATING MARKET SIZE, 2023 VS 2030
FIGURE 3. GLOBAL UNDERFLOOR HEATING MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. GLOBAL UNDERFLOOR HEATING MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. GLOBAL UNDERFLOOR HEATING MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. UNDERFLOOR HEATING MARKET DYNAMICS
FIGURE 7. GLOBAL UNDERFLOOR HEATING MARKET SIZE, BY OFFERING, 2023 VS 2030 (%)
FIGURE 8. GLOBAL UNDERFLOOR HEATING MARKET SIZE, BY OFFERING, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. GLOBAL UNDERFLOOR HEATING MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
FIGURE 10. GLOBAL UNDERFLOOR HEATING MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. GLOBAL UNDERFLOOR HEATING MARKET SIZE, BY INSTALLATION TYPE, 2023 VS 2030 (%)
FIGURE 12. GLOBAL UNDERFLOOR HEATING MARKET SIZE, BY INSTALLATION TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. GLOBAL UNDERFLOOR HEATING MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 14. GLOBAL UNDERFLOOR HEATING MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS UNDERFLOOR HEATING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 16. AMERICAS UNDERFLOOR HEATING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES UNDERFLOOR HEATING MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 18. UNITED STATES UNDERFLOOR HEATING MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC UNDERFLOOR HEATING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC UNDERFLOOR HEATING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA UNDERFLOOR HEATING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA UNDERFLOOR HEATING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. UNDERFLOOR HEATING MARKET SHARE, BY KEY PLAYER, 2023
FIGURE 24. UNDERFLOOR HEATING MARKET, FPNV POSITIONING MATRIX, 2023

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