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Underfloor Heating Market by Hydronic (Pipes, Thermostats, Thermal Actuators, Zone Valves), Electric (Cables & Mats), Subsystem (Heating & Control System), Offering (Hardware, Service), Installation (New & Retrofit), Application - Global Forecast to 2028

Publisher MarketsandMarkets
Published Jun 23, 2023
Length 206 Pages
SKU # MKMK18073137

Description

Underfloor Heating Market by Hydronic (Pipes, Thermostats, Thermal Actuators, Zone Valves), Electric (Cables & Mats), Subsystem (Heating & Control System), Offering (Hardware, Service), Installation (New & Retrofit), Application - Global Forecast to 2028



The global 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%. The underfloor heating market is expanding globally, driven by the increasing demand for energy-efficient and comfortable heating solutions. Technological advancements, sustainability trends, new construction projects, and retrofit opportunities contribute to the market’s growth and competitiveness.

“Hardware segment accounted for the largest share of Underfloor heating market in 2022”

The Hardware of Underfloor heating is experiencing robust growth in the market. Underfloor heating systems have undergone notable hardware advancements in recent years. These advancements encompass improved heating elements such as mats and films that offer enhanced efficiency, thermostats with user-friendly interfaces and remote control capabilities, individual room control through zoning, integration with home automation systems, advanced sensor technology, and enhanced energy efficiency achieved through improved insulation and heat distribution techniques. These advancements have significantly enhanced underfloor heating systems’ overall performance, convenience, and energy efficiency.

“Hydronic Underfloor Heating to Grow at the highest rate in Underfloor heating market in 2022”

The hydronic underfloor heating market has grown substantially in recent years, primarily propelled by remarkable hardware advancements. These advancements encompass the adoption of robust materials in enhanced piping systems, the integration of state-of-the-art manifolds for precise control, the implementation of energy-efficient pumps, the diversification of heat source options, the incorporation of radiant cooling functionalities, the improvement of insulation materials, and the optimization of heat distribution techniques. These developments have significantly elevated the efficiency and versatility of hydronic underfloor heating systems, positioning them as highly desirable solutions for residential and commercial applications in the business sector.

“Residential application to grow at highest CAGR in the forecast period”

The growth of underfloor heating in residential applications can be attributed to its enhanced comfort, energy efficiency, design flexibility, zoning capabilities, integration with smart home technology, and health benefits. Homeowners value even heat distribution, reduced heating costs, compatibility with diverse flooring types, individual control, the convenience of smart integration, and improved indoor air quality. Additionally, retrofit options have made underfloor heating accessible for existing homes, further contributing to its popularity in the residential sector.

“Europe to account for the largest market size in 2022”

The adoption of underfloor heating in Europe has witnessed substantial growth owing to its energy efficiency, comfort, retrofitting adaptability, integration with renewable energy sources, compliance with building standards, technological advancements, and market availability. The popularity of underfloor heating in Europe is driven by the region’s inclination towards energy-efficient and visually appealing heating solutions, especially in retrofitting older buildings.

The break-up of the profiles of primary participants:

By Company Type – Tier 1 – 35%, Tier 2 – 30%, and Tier 3 – 35%

By Designation – C-level Executives – 45%, Directors – 35%, and Others – 20%

By Region – North America - 35%, Asia Pacific – 30%, Europe – 25%, RoW- 10%

The major players in the market are Uponor Corporation (Finland), Resideo Technologies Inc. (US), nVent Electric Plc (UK), Warmup (UK), and Rehau Ltd (Switzerland).

Research Coverage:

The Underfloor heating market has been segmented into offering, product type and component, installation types, application, and region. The Underfloor heating market was studied in North America, Europe, Asia Pacific, and the Rest of the World (RoW). The report describes the major drivers, restraints, challenges, and opportunities of the Underfloor heating market and forecasts the same till 2028. Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the Underfloor heating ecosystem.

Key Benefits of Buying the Report:

The report will help market leaders/new entrants with information on the closest approximations of the revenue numbers for the Underfloor heating market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

Analysis of key drivers (Rising demand for cost-effective heating solutions, Government support, and incentives for adoption of underfloor heating solutions, High level of comfort and flexibility), restraints (Requirement of high initial investments, Speed and responsiveness issues), opportunities (Technological advancements and digitalization in underfloor heating, Growing environmental concerns and increasing the number of efficiency standards), challenges (Floor and setup issues during installation ).

Product Development/Innovation: Detailed insights on research & development activities and new product launches in the Underfloor heating market.

Market Development: Comprehensive information about lucrative markets – the report analyses the Underfloor heating market across varied regions.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Underfloor heating market.

Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like 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) among others in the Underfloor heating market.

Table of Contents

206 Pages
1 Introduction
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
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
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
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
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 20 Underfloor Heating Market: Drivers, Restraints, Opportunities, And Challenges
5.2.1 Drivers
5.2.1.1 Increasing Demand For Cost-effective And Advanced Heating Solutions
5.2.1.2 Government-led Support And Incentives For Boosting Adoption Of Underfloor Heating
5.2.1.3 Implementation Of Stringent Building Codes
5.2.1.4 High Comfort And Flexibility Associated With Underfloor Heating Systems
Figure 21 Underfloor Heating Market: Drivers And Their Impact
5.2.2 Restraints
5.2.2.1 Longer Response Time Than Other Heating Systems
5.2.2.2 High Installation Cost
Figure 22 Underfloor Heating Market: Restraints And Their Impact
5.2.3 Opportunities
5.2.3.1 Technological Advancements And Digitalization In Underfloor Heating Solutions
5.2.3.2 Emergence Of Internet Of Things (Iot)-based Underfloor Heating Systems
5.2.3.3 Expanding Construction Industry
Figure 23 Underfloor Heating Market: Opportunities And Their Impact
5.2.4 Challenges
5.2.4.1 Setup Issues Associated With Underfloor Heating Systems
Figure 24 Underfloor Heating Market: Challenges And Their Impact
5.3 Value Chain Analysis
Figure 25 Underfloor Heating Market: Value Chain Analysis
5.3.1 Raw Material Providers
5.3.2 Component Manufacturers
5.3.3 System Integrators
5.3.4 Distributors
5.3.5 End Users
5.3.6 Post-sale Service Providers
5.4 Ecosystem Analysis
Figure 26 Underfloor Heating Market: Ecosystem Analysis
Table 2 Underfloor Heating Market: Ecosystem Analysis
5.5 Pricing Analysis
5.5.1 Average Selling Price (Asp) Of Underfloor Heating System Components Offered By Two Major Players
Figure 27 Average Selling Price (Asp) Of Underfloor Heating System Components Offered By Two Major Players
Table 3 Average Selling Price (Asp) Of Underfloor Heating System Components Offered By Two Major Players (Usd)
Table 4 Average Selling Price (Asp) Of Manifolds, By Region (Usd)
5.6 Trends/Disruptions Impacting Customers’ Businesses
Figure 28 Revenue Shifts And New Revenue Pockets For Players In Underfloor Heating Market
5.7 Porter’s Five Forces Analysis
Figure 29 Underfloor Heating Market: Porter’s Five Forces Analysis
Table 5 Underfloor Heating Market: Porters Five Forces Analysis
5.7.1 Threat Of New Entrants
5.7.2 Threat Of Substitutes
5.7.3 Bargaining Power Of Suppliers
5.7.4 Bargaining Power Of Buyers
5.7.5 Intensity Of Competitive Rivalry
5.8 Case Study Analysis
5.8.1 Devex Systems Installed Hydronic Floor Heating System At Penrith Baptist Church
5.8.2 Warmup Installed Hydronic Underfloor Heating System At Harrow Road
5.8.3 Warmup Installed Underfloor Heating System At Kings Court
5.8.4 Thermo Floor Uk Designed Modern Underfloor Heating System For Trinity College Chapel
5.8.5 Chinmaya Mission Installed Hybrid Underfloor Heating System At Grand Detached Victorian Building
5.9 Technology Analysis
5.9.1 Artificial Intelligence (Ai)
5.9.2 Internet Of Things (Iot)
5.9.3 Predictive Maintenance
5.10 Key Stakeholders And Buying Criteria
5.10.1 Key Stakeholders In Buying Process
Figure 30 Influence Of Stakeholders On Buying Process For Top Three Applications
Table 6 Influence Of Stakeholders On Buying Process For Top Three Applications
5.10.2 Buying Criteria
Figure 31 Key Buying Criteria For Top Three Applications
Table 7 Key Buying Criteria For Top Three Applications
5.11 Trade Analysis
Figure 32 Import Data For Hs Code 8536, By Key Country, 2018–2022 (Usd Million)
Figure 33 Export Data For Hs Code 8536, By Key Country, 2018–2022 (Usd Million)
5.12 Patent Analysis
Figure 34 Top 10 Companies With Highest Number Of Patent Applications In Last 10 Years
Figure 35 Number Of Patents Related To Underfloor Heating, 2013–2022
Table 8 Top 20 Patent Owners In Last 10 Years
5.12.1 Underfloor Heating Market: List Of Major Patents
5.13 Key Conferences And Events, 2023–2024
Table 9 Underfloor Heating Market: List Of Conferences And Events
5.14 Regulations And Standards
5.14.1 Regulatory Bodies, Government Agencies, And Other Organizations
Table 10 North America: List Of Regulatory Bodies, Government Agencies, And Other Organizations
Table 11 Europe: List Of Regulatory Bodies, Government Agencies, And Other Organizations
Table 12 Asia Pacific: List Of Regulatory Bodies, Government Agencies, And Other Organizations
Table 13 Row: List Of Regulatory Bodies, Government Agencies, And Other Organizations
5.14.2 Standards
Table 14 Underfloor Heating Market: Standards
6 Underfloor Heating Market, By Floor Covering Types
6.1 Introduction
Table 15 Comparison Between Different Floor Covering Types
6.2 Tile And Stone
Table 16 Advantages Associated With Different Floor Covering Types
6.3 Wood Flooring
Table 17 Advantages Associated With Wooden Floor Coverings
6.4 Laminate Flooring
6.5 Vinyl Flooring
6.6 Rubber And Carpet Flooring
7 Underfloor Heating Market, By Connection Type
7.1 Introduction
7.2 Connected
7.2.1 Improved Functionality With Integration Of New Technologies
7.3 Non-connected
7.3.1 Easy To Install And Does Not Require Additional Software
8 Underfloor Heating Market, By Subsystem
8.1 Introduction
8.2 Heating System
8.2.1 Pipe And Cable
8.2.1.1 Transfer Heat To Floor
8.2.2 Distribution Unit
8.2.2.1 Displaces Hot Working Fluid From Heating Systems To Heat Exchangers
8.3 Control System
8.3.1 Sensor
8.3.1.1 Measures Floor Temperature
8.3.2 Control Interface
8.3.2.1 Controls Thermostats In Heating System
9 Underfloor Heating Market, By Installation Type
9.1 Introduction
Figure 36 Underfloor Heating Market, By Installation Type
Figure 37 New Installation Segment Dominated Underfloor Heating Market In 2022
9.2 New Installation (New Buildings)
9.2.1 Government-led Energy Efficiency Standards And Codes
9.3 Retrofit Installation (Existing Buildings)
9.3.1 High Adoption Of Hydronic Underfloor Heating Systems In Renovation Projects
10 Underfloor Heating Market, By Offering
10.1 Introduction
Figure 38 Underfloor Heating Market, By Offering
Figure 39 Hardware Segment To Hold Larger Share Of Underfloor Heating Market In 2023
Table 18 Underfloor Heating Market, By Offering, 2019–2022 (Usd Million)
Table 19 Underfloor Heating Market, By Offering, 2023–2028 (Usd Million)
10.2 Hardware
10.2.1 Advancements In Heating Components And Increased Construction Activities
Table 20 Hardware: Underfloor Heating Market, By Application, 2019–2022 (Usd Million)
Table 21 Hardware: Underfloor Heating Market, By Application, 2023–2028 (Usd Million)
Table 22 Hardware: Underfloor Heating Market, By Region, 2019–2022 (Usd Million)
Table 23 Hardware: Underfloor Heating Market, By Region, 2023–2028 (Usd Million)
10.3 Services
10.3.1 Increased Demand For Installation, Maintenance, Repair, And System Optimization In Residential And Commercial Sectors
Table 24 Services: Underfloor Heating Market, By Application, 2019–2022 (Usd Million)
Table 25 Services: Underfloor Heating Market, By Application, 2023–2028 (Usd Million)
Table 26 Services: Underfloor Heating Market, By Region, 2019–2022 (Usd Million)
Table 27 Services: Underfloor Heating Market, By Region, 2023–2028 (Usd Million)
11 Underfloor Heating Market, By Product Type And Component
11.1 Introduction
Figure 40 Underfloor Heating Market, By Product Type And Component
Figure 41 Hydronic Underfloor Heating Segment To Lead Underfloor Heating Market From 2023 To 2028
Table 28 Underfloor Heating Market, By Product Type, 2019–2022 (Usd Million)
Table 29 Underfloor Heating Market, By Product Type, 2023–2028 (Usd Million)
11.2 Hydronic Underfloor Heating (Wet System)
Figure 42 Manifold And Valve Segment To Hold Largest Share Of Underfloor Heating Market For Hydronic Underfloor Heating In 2028
Table 30 Hydronic Underfloor Heating: Underfloor Heating Market, By Application, 2019–2022 (Usd Million)
Table 31 Hydronic Underfloor Heating: Underfloor Heating Market, By Application, 2023–2028 (Usd Million)
Table 32 Hydronic Underfloor Heating: Underfloor Heating Market, By Region, 2019–2022 (Usd Million)
Table 33 Hydronic Underfloor Heating: Underfloor Heating Market, By Region, 2023–2028 (Usd Million)
Table 34 Residential: Underfloor Heating Market For Hydronic Underfloor Heating, By Region, 2019–2022 (Usd Million)
Table 35 Residential: Underfloor Heating Market For Hydronic Underfloor Heating, By Region, 2023–2028 (Usd Million)
Table 36 Commercial: Underfloor Heating Market For Hydronic Underfloor Heating, By Region, 2019–2022 (Usd Million)
Table 37 Commercial: Underfloor Heating Market For Hydronic Underfloor Heating, By Region, 2023–2028 (Usd Million)
Table 38 Industrial: Underfloor Heating Market For Hydronic Underfloor Heating, By Region, 2019–2022 (Usd Million)
Table 39 Industrial: Underfloor Heating Market For Hydronic Underfloor Heating, By Region, 2023–2028 (Usd Million)
Table 40 Healthcare: Underfloor Heating Market For Hydronic Underfloor Heating, By Region, 2019–2022 (Usd Million)
Table 41 Healthcare: Underfloor Heating Market For Hydronic Underfloor Heating, By Region, 2023–2028 (Usd Million)
Table 42 Sports & Entertainment: Underfloor Heating Market For Hydronic Underfloor Heating, By Region, 2019–2022 (Usd Million)
Table 43 Sports & Entertainment: Underfloor Heating Market For Hydronic Underfloor Heating, By Region, 2023–2028 (Usd Million)
Table 44 Others: Underfloor Heating Market For Hydronic Underfloor Heating, By Region, 2019–2022 (Usd Million)
Table 45 Others: Underfloor Heating Market For Hydronic Underfloor Heating, By Region, 2023–2028 (Usd Million)
11.2.1 Heating Pipe
11.2.1.1 Designed To Disperse Heat Evenly And Prevent Oxygen From Entering Water System
11.2.2 Thermostat And Sensor
11.2.2.1 Measure Temperature To Control Flow Of Heating Medium
11.2.3 Thermal Actuator
11.2.3.1 Controls Hot Water Flow In Underfloor Heating Zones
11.2.4 Zone Valve
11.2.4.1 Controls Heating Operations Of Different Building Zones
11.2.5 Wiring Center
11.2.5.1 Effectively Powers Components Based On Voltage Specifications From One Centralized Location
11.2.6 Manifold And Valve
11.2.6.1 Control Temperature By Opening And Closing Valves According To Requirement
11.3 Electric Underfloor Heating (Dry System)
Figure 43 Heating Mat Segment To Hold Largest Market Share In 2028
Table 46 Electric Underfloor Heating: Underfloor Heating Market, By Application, 2019–2022 (Usd Million)
Table 47 Electric Underfloor Heating: Underfloor Heating Market, By Application, 2023–2028 (Usd Million)
Table 48 Electric Underfloor Heating: Underfloor Heating Market, By Region, 2019–2022 (Usd Million)
Table 49 Electric Underfloor Heating: Underfloor Heating Market, By Region, 2023–2028 (Usd Million)
Table 50 Residential: Underfloor Heating Market For Electric Underfloor Heating, By Region, 2019–2022 (Usd Million)
Table 51 Residential: Underfloor Heating Market For Electric Underfloor Heating, By Region, 2023–2028 (Usd Million)
Table 52 Commercial: Underfloor Heating Market For Electric Underfloor Heating, By Region, 2019–2022 (Usd Million)
Table 53 Commercial: Underfloor Heating Market For Electric Underfloor Heating, By Region, 2023–2028 (Usd Million)
Table 54 Industrial: Underfloor Heating Market For Electric Underfloor Heating, By Region, 2019–2022 (Usd Million)
Table 55 Industrial: Underfloor Heating Market For Electric Underfloor Heating, By Region, 2023–2028 (Usd Million)
Table 56 Healthcare: Underfloor Heating Market For Electric Underfloor Heating, By Region, 2019–2022 (Usd Million)
Table 57 Healthcare: Underfloor Heating Market For Electric Underfloor Heating, By Region, 2023–2028 (Usd Million)
Table 58 Sports & Entertainment: Underfloor Heating Market For Electric Underfloor Heating, By Region, 2019–2022 (Usd Million)
Table 59 Sports & Entertainment: Underfloor Heating Market For Electric Underfloor Heating, By Region, 2023–2028 (Usd Million)
Table 60 Others: Underfloor Heating Market For Electric Underfloor Heating, By Region, 2019–2022 (Usd Million)
Table 61 Others: Underfloor Heating Market For Electric Underfloor Heating, By Region, 2023–2028 (Usd Million)
11.3.1 Heating Cable
11.3.1.1 Controlled By Individual Room Thermostat And/Or Timer
11.3.2 Heating Mat
11.3.2.1 Critical In Do It Yourself (Diy)-based Underfloor Heating Systems
11.3.3 Thermostat And Sensor
11.3.3.1 Monitor And Maintain Floor Temperature At High Efficiency
12 Underfloor Heating Market, By Application
12.1 Introduction
Figure 44 Underfloor Heating Market, By Application
Figure 45 Residential Segment To Dominate Underfloor Heating Market During Forecast Period
Table 62 Underfloor Heating Market, By Application, 2019–2022 (Usd Million)
Table 63 Underfloor Heating Market, By Application, 2023–2028 (Usd Million)
12.2 Residential

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