Market Research Future (MRFR) has published a cooked research report on the “Global Under Floor Heating Market” that contains information from 2022 to 2032. The Global Under Floor Heating Market is estimated to register a CAGR of 5.90% during the forecast period of 2022 to 2032.
MRFR recognizes the following companies as the key players in the Global Under Floor Heating Market Uponor Corporation, Danfoss A/S, Emersion Electric Co., Robert Bosch GmbH, Honeywell International Inc., Nexans, Incognito Heat Co Ltd., Rayotec Ltd, Robot uk ltd, Uheat, and Solfex Ltd.
Under Floor Heating Market Highlights
The Global Under Floor Heating Market is accounted to register a CAGR of 5.90% during the forecast period and is estimated to reach USD 6.53 Billion by 2032.
The underfloor heating market refers to the market for heating systems that are installed beneath the floor surface of buildings to provide warmth and comfort. Underfloor heating systems work by radiating heat upwards from the floor, distributing it evenly throughout the space. They are considered a more efficient and effective heating solution compared to traditional radiators or forced air systems. Several factors contribute to the growth and adoption of underfloor heating systems: Underfloor heating systems can be more energy-efficient compared to traditional heating methods. They provide radiant heat that warms up the space from the floor upwards, which reduces heat loss and ensures even heating. Underfloor heating eliminates the need for visible radiators or heating units, making the interior design more flexible and aesthetically pleasing. It also provides a comfortable heating experience, as the heat is evenly distributed across the floor.
Segment Analysis
The Global Under Floor Heating Market has been segmented based on Component, Subsystem, System Type and Installation Type
Based on Component, the market is segmented into Electric System Components [Heating Cables, Heating Mats, Sensors and Thermostats], Hydronic System Components [Heating Pipes, Manifolds, Sensors and Thermostats]. The electric system components consist of heating cables, heating mats, sensors, and thermostats. This segment holds a dominant position in the market due to its precise temperature control, quick response times, and adaptability to retrofit into existing buildings. Residential applications, such as homes and apartments, widely favor electric underfloor heating systems due to their simplicity and flexibility.
Based on Subsystem, the market is segmented into Heating Systems [Pipes, Cables and Distribution Units], Control Systems [Sensors and Control Interfaces]. In 2022, the medium capacity segment (0.75 to 1.5 cu.m) dominated the market. The heating systems encompass pipes, cables, and distribution units, and they occupy a prominent position in the market. These systems play a crucial role in generating and evenly distributing heat, ensuring optimal comfort. The performance and quality of the heating systems significantly impact the overall effectiveness of the underfloor heating setup. Furthermore, ongoing advancements in heating technologies and materials have contributed to increased efficiency, reliability, and cost-effectiveness, further strengthening the dominance of heating systems in the market.
Based on System Type, the Market has been segmented Dry/Electric, Wet/Hydronic. the wet/hydronic segment holds a dominant position in the market. This is primarily due to the energy efficiency and uniform heat distribution provided by hydronic systems, which align with the increasing demand for sustainable and comfortable heating solutions. Hydronic systems are especially favored in regions with colder climates or where energy costs are a significant concern.
Based on Installation Type, the Market has been segmented New Installations, Retrofit Installations. the retrofit installations segment dominates the market. This popularity is attributed to its ability to upgrade existing buildings with underfloor heating systems without the need for major construction or alterations. Retrofit installations are a preferred choice for homeowners and building owners seeking to enhance comfort levels and energy efficiency without undergoing extensive renovation works.
Regional Analysis
The Global Under Floor Heating Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Under Floor Heating Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Under Floor Heating Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Under Floor Heating Market comprises of Middle East, Africa, and Latin America.
The North American region is poised to dominate the Underfloor Heating Market due to several key factors. These include the implementation of stringent energy efficiency standards, an upward trend in the standard of living, and a high demand for underfloor heating solutions driven by extreme climatic conditions.
In the European Underfloor Heating market, Europe holds the second-largest market share, primarily driven by the ongoing promotion of electric underfloor heating systems in the region. This promotional trend has significantly contributed to the market's growth.
Looking at the Asia-Pacific region, it is expected to experience the fastest growth in the Underfloor Heating Market from 2023 to 2032. This aspect of underfloor heating systems will add substantial value to the market. Additionally, China's Underfloor Heating market currently leads with the largest market share in the Asia-Pacific region, while the Indian Underfloor Heating market stands out as the fastest-growing market in the region.
Key Findings of the Study
- The Global Under Floor Heating Market is expected to reach USD 6.53 Billion by 2032, at a CAGR of 5.90% during the forecast period.
- North America, the U.S. Under Floor Heating market occupied the largest market share, reflecting the country's significant usage of Under Floor Heating across various industries.
- Based on Subsystem, the Market has been segmented into Heating Systems holding the largest market in 2022.
- Uponor Corporation, Danfoss A/S, Emersion Electric Co., Robert Bosch GmbH, Honeywell International Inc., Nexans, Incognito Heat Co Ltd., Rayotec Ltd, Robot uk ltd, Uheat, and Solfex Ltd.
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Companies Covered | 15 |
Pages | 110 |
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