
Underfloor Heating Market with COVID-19 Impact Analysis by Offering (Hardware, Services), Product Type and Component (Hydronic, Electric), Installation Type (New, Retrofit), Application (Residential, Commercial), Region - Global Forecast to 2027
Description
Underfloor Heating Market with COVID-19 Impact Analysis by Offering (Hardware, Services), Product Type and Component (Hydronic, Electric), Installation Type (New, Retrofit), Application (Residential, Commercial), Region - Global Forecast to 2027
The global underfloor heating market size is estimated to grow from USD 4.8 billion in 2022 to USD 7.0 billion by 2027, at a CAGR of 7.6%. Strong government support for the adoption of energy-efficient underfloor heating products is one of the major factors driving the growth of the underfloor heating market. Other factors driving the growth of the market are rising demand for cost-effective heating solutions, stringent government codes, and high level of comfort and flexibility. However, speed and responsiveness issues is expected to restrain the growth of the market.
“Market for services segment is expected to grow at highest CAGR during forecast period”
Between offerings, the market for the services segment is expected to grow at the highest CAGR during the forecast period. This segment mainly covers services, namely, installation and repair and maintenance. Installation services are mainly increasingly being adopted for hydronic underfloor heating systems.
“Market for heating mats is expected to grow at highest CAGR during forecast period”
The market for heating mats is expected to grow at the fastest rate due to higher adoption of do-it-yourself (DIY) underfloor heating systems. Electric DIY floor heating mats are popular because the user can simply unroll the mat, connect it to the electrical system, and then cover it with the flooring material. Generally, ceramic tile, granite flooring, and any other natural stone product work well with these electrical DIY underfloor heating mats as underfloor heating mats are very thin.
“Market for residential application is expected to grow at highest CAGR during forecast period”
According to recent trends, energy saving is one of the most important issues that is affecting consumers and the global environment. The residential sector is considered to be one of the most critical markets for underfloor heating systems because of its high impact on energy consumption. Heating systems consume a significant amount of energy. An underfloor heating system is a viable option for high-efficiency residential space heating in cold climates. Many house buyers now appreciate the benefits of underfloor heating and see it as a premium feature when choosing a new home.
“Europe held largest share of underfloor heating market in 2021”
Underfloor heating has been popular in Europe for many years, and the demand for this technology is growing rapidly in Europe. Recent technological advances have led to the increasing adoption of underfloor heating in the mainstream market as systems become easier to install, properties are better insulated, and the benefits of underfloor heating are more widely known.
In-depth interviews have been conducted with chief executive officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the underfloor heating marketplace.
By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 - 25%
By Designation: C-Level Executives - 40% , Managers - 35%, and Others – 25%
By Region: North America - 35%, Europe - 45%, APAC - 15%, and RoW - 5%
The underfloor heating market comprises major players such as Uponor (Finland), Resideo Technologies Inc. (US), nVent Electric (UK), Warmup (UK), Rehau (Switzerland), Emerson (US), Robert Bosch (Germany), Danfoss (Denmark), Mitsubishi Electric (Japan), and Siemens (Germany) are the key players in the underfloor heating market. These top players have strong portfolios of products and services and presence in both mature and emerging markets.
The study includes an in-depth competitive analysis of these key players in the underfloor heating market, with their company profiles, recent developments, and key market strategies.
Research Coverage
The report defines, describes, and forecasts the underfloor heating market based on offering, product type and component, installation type, application, and geography. It provides detailed information regarding factors such as drivers, restraints, opportunities, and challenges influencing the growth of the underfloor heating market. It also analyzes competitive developments such as product launches, acquisitions, expansions, contracts, partnerships, and developments carried out by the key players to grow in the market.
Key Benefits of Buying the Report
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall underfloor heating market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The global underfloor heating market size is estimated to grow from USD 4.8 billion in 2022 to USD 7.0 billion by 2027, at a CAGR of 7.6%. Strong government support for the adoption of energy-efficient underfloor heating products is one of the major factors driving the growth of the underfloor heating market. Other factors driving the growth of the market are rising demand for cost-effective heating solutions, stringent government codes, and high level of comfort and flexibility. However, speed and responsiveness issues is expected to restrain the growth of the market.
“Market for services segment is expected to grow at highest CAGR during forecast period”
Between offerings, the market for the services segment is expected to grow at the highest CAGR during the forecast period. This segment mainly covers services, namely, installation and repair and maintenance. Installation services are mainly increasingly being adopted for hydronic underfloor heating systems.
“Market for heating mats is expected to grow at highest CAGR during forecast period”
The market for heating mats is expected to grow at the fastest rate due to higher adoption of do-it-yourself (DIY) underfloor heating systems. Electric DIY floor heating mats are popular because the user can simply unroll the mat, connect it to the electrical system, and then cover it with the flooring material. Generally, ceramic tile, granite flooring, and any other natural stone product work well with these electrical DIY underfloor heating mats as underfloor heating mats are very thin.
“Market for residential application is expected to grow at highest CAGR during forecast period”
According to recent trends, energy saving is one of the most important issues that is affecting consumers and the global environment. The residential sector is considered to be one of the most critical markets for underfloor heating systems because of its high impact on energy consumption. Heating systems consume a significant amount of energy. An underfloor heating system is a viable option for high-efficiency residential space heating in cold climates. Many house buyers now appreciate the benefits of underfloor heating and see it as a premium feature when choosing a new home.
“Europe held largest share of underfloor heating market in 2021”
Underfloor heating has been popular in Europe for many years, and the demand for this technology is growing rapidly in Europe. Recent technological advances have led to the increasing adoption of underfloor heating in the mainstream market as systems become easier to install, properties are better insulated, and the benefits of underfloor heating are more widely known.
In-depth interviews have been conducted with chief executive officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the underfloor heating marketplace.
By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 - 25%
By Designation: C-Level Executives - 40% , Managers - 35%, and Others – 25%
By Region: North America - 35%, Europe - 45%, APAC - 15%, and RoW - 5%
The underfloor heating market comprises major players such as Uponor (Finland), Resideo Technologies Inc. (US), nVent Electric (UK), Warmup (UK), Rehau (Switzerland), Emerson (US), Robert Bosch (Germany), Danfoss (Denmark), Mitsubishi Electric (Japan), and Siemens (Germany) are the key players in the underfloor heating market. These top players have strong portfolios of products and services and presence in both mature and emerging markets.
The study includes an in-depth competitive analysis of these key players in the underfloor heating market, with their company profiles, recent developments, and key market strategies.
Research Coverage
The report defines, describes, and forecasts the underfloor heating market based on offering, product type and component, installation type, application, and geography. It provides detailed information regarding factors such as drivers, restraints, opportunities, and challenges influencing the growth of the underfloor heating market. It also analyzes competitive developments such as product launches, acquisitions, expansions, contracts, partnerships, and developments carried out by the key players to grow in the market.
Key Benefits of Buying the Report
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall underfloor heating market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Table of Contents
215 Pages
- STUDY OBJECTIVES
- DEFINITION
- STUDY SCOPE
- CURRENCY
- LIMITATIONS
- STAKEHOLDERS
- SUMMARY OF CHANGES
- RESEARCH DATA
- MARKET SIZE ESTIMATION
- MARKET BREAKDOWN AND DATA TRIANGULATION
- RESEARCH ASSUMPTIONS
- RISK ASSESSMENT
- EXECUTIVE SUMMARY
- ATTRACTIVE GROWTH OPPORTUNITIES IN UNDERFLOOR HEATING MARKET
- UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE
- UNDERFLOOR HEATING MARKET, BY OFFERING
- UNDERFLOOR HEATING MARKET, BY INSTALLATION TYPE
- UNDERFLOOR HEATING IN EUROPE, BY COUNTRY AND APPLICATION
- UNDERFLOOR HEATING MARKET, BY COUNTRY
- INTRODUCTION
- MARKET DYNAMICS
- VALUE CHAIN ANALYSIS
- TECHNOLOGY ANALYSIS
- ECOSYSTEM ANALYSIS
- TRENDS/DISRUPTIONS IMPACTING CUSTOMERS
- CASE STUDIES
- PRICING ANALYSIS
- PORTER'S FIVE FORCES ANALYSIS
- TRADE ANALYSIS
- PATENTS ANALYSIS
- KEY CONFERENCES & EVENTS IN 2022-2023
- INTRODUCTION
- TILES AND STONES
- WOOD FLOORING
- LAMINATE FLOORING
- VINYL FLOORING
- RUBBER AND CARPET FLOORING
- INTRODUCTION
- HARDWARE
- SERVICES
- INTRODUCTION
- HYDRONIC UNDERFLOOR HEATING (WET SYSTEM)
- ELECTRIC UNDERFLOOR HEATING (DRY SYSTEM)
- INTRODUCTION
- HEATING SYSTEMS
- CONTROL SYSTEMS
- INTRODUCTION
- NEW INSTALLATIONS/NEW BUILDING
- RETROFIT INSTALLATIONS/EXISTING BUILDING
- INTRODUCTION
- CONNECTED
- NON-CONNECTED
- INTRODUCTION
- RESIDENTIAL
- COMMERICAL
- HEALTHCARE
- SPORTS & ENTERTAINMENT
- INDUSTRIAL
- OTHERS
- INTRODUCTION
- NORTH AMERICA
- EUROPE
- ASIA PACIFIC
- REST OF THE WORLD (ROW)
- OVERVIEW
- REVENUE ANALYSIS OF TOP FIVE COMPANIES
- KEY PLAYER STRATEGIES/RIGHT TO WIN
- MARKET SHARE ANALYSIS, 2021
- COMPANY EVALUATION QUADRANT
- SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION QUADRANT, 2021
- UNDERFLOOR HEATING MARKET: COMPANY FOOTPRINT
- STARTUP EVALUATION MATRIX
- COMPETITIVE SITUATIONS AND TRENDS
- KEY PLAYERS
- OTHER PLAYERS
- INTRODUCTION
- LIMITATIONS
- HVAC SYSTEM MARKET, BY HEATING EQUIPMENT
- HEAT PUMPS
- FURNACES
- UNITARY HEATERS
- BOILERS
- DISCUSSION GUIDE
- KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- AVAILABLE CUSTOMIZATIONS
- RELATED REPORTS
- AUTHOR DETAILS
Pricing
Currency Rates
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