The Underfloor Heating market encompasses many market factors , which result in the shaping of the respective industry in its entirety. Another motivator is the functioning and real estate sector, which, in recent years, has witnessed the installation of underfloor heating systems as part of the interior equipment and structures of residential and business buildings. From sustainable energy consumption to the expanding needs of comfort and a beautiful surface, the demand for underfloor heating is boosted by these factors. With the construction industry driven by growth and the shift towards sustainable building solutions, the enforcing heating market is finding room to grow and meet the demand for modern performing heating technologies.
It is predicted that Under Floor Heating Market Share, amounted to USD 3.9 billion in the end of year 2022. Within the next ten years, the market size of Underfloor Heating business is expected to expand from USD 4.1301 billion in 2023 to USD 6.53 billion by 2032, at an estimated compound annual growth rate (CAGR) of 5.90%.
The role of the energy efficiency and environmental concerns in the decision-making processes is of the foremost importance in the Under Floor Heating market. As it relates to radiant heating systems that have heating devices placed under the floor, they provide more cost‑efficient energy consumption than conventional heating systems. The adoption of energy efficiency becomes the focal point of consumers and businesses as environmental issues obtain their higher attention by the society, resulting in the market expansion due to the demand for underfloor heating systems.
Technological innovations of these systems in underfloor heating play a notable role in the way the market is evolving. Switches, temperature sensors, and slats for mounting the conductor material are the main innovation blocks that help to improve the efficiency, lifespan and easiness to use of underfloor heating systems. The new generation of appliances, which enables homeowners to control their central heating from different sites, is a market signal that points how consumers prefer the convenience of control and energy savings.
Government regulations on energy efficiency and incentive programmes are crucial in determining the direction of the Under Floor Heating market. In some areas there are regulations to include in new buildings and residence the use of efficient heat system . Subsidies and rebates for the introduction of eco-friendly heating innovations can not only impact customer choices but also produce a demand for the market of underfloor heating systems.
The economic variables, such as building activities and consumer purchasing ability, are what defines the application of the underfloor heating. One of the greatest examples of this is the prolonged period of economic growth, which gives rise to many construction projects and a subsequent increase in heating demands. Whiles the recession could be the cause of the reduction in particular construction projects and might discourage homeowners from making home improvement projects which could also affect the sale of the underfloor heating market.
Report Attribute/Metric | Details |
---|---|
Market Size Value In 2023 | USD 4.13 billion |
Growth Rate | 5.14% (2024-2032) |
Under Floor Heating Market Size was valued at USD 4.13 billion in 2023. The Under Floor Heating industry is projected to grow from USD 4.37 Billion in 2024 to USD 6.53 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.14% during the forecast period (2024 - 2032). Increased aspect of the underfloor heating systems adds to the market value are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The hydronic underfloor heating technology has witnessed significant advancements since world war II. With the growing demand for efficient heating solutions in urban areas and the rise of green building projects, the demand for underfloor heating systems is expected to increase. Developing nations' residential, commercial, and industrial sectors are driving market growth. Extreme climatic conditions worldwide also contribute to the demand for underfloor heating systems. Governments and private players collaborate to provide efficient heating in cold regions, further driving market penetration. Adopting ready-to-use heating mat technology and reduced installation costs have fueled the demand for underfloor heating in residential and commercial establishments. This factor drives Market CAGR.
Additionally, the market growth of under-floor heating systems is highly influenced by government policies and regulations. European countries have shown great interest in reducing 40% of total carbon emissions in the commercial and domestic sectors by 2030. This perspective is more likely to influence the growth of the Under floor heating market. Thus, driving the Under Floor Heating market revenue.December 2023: Honeywell announced the launch of its new Home Comfort Pro Thermostat with Geofencing technology. This smart thermostat allows homeowners to remotely control their underfloor heating systems, further enhancing convenience and energy savings.
The Under Floor Heating market segmentation, based on information, includes electric system components [heating cables, heating mats, sensors and thermostats], hydronic system components [heating pipes, manifolds, sensors and thermostats]. The electric system components [heating cables, heating mats and sensors and thermostats]segment dominated the market because they offer precise temperature control, quick response times, and can be retrofitted into existing buildings. Electric underfloor heating systems are particularly popular in residential applications, such as homes and apartments, where simplicity and flexibility are key factors.
Based on subsystems, the Under Floor Heating market segmentation includes heating systems [pipes, cables and distribution units] and control systems [sensors and control interfaces]. The heating systems [pipes, cables and distribution units]segment dominated the market because it generates and distributes heat that provides comfort. The quality and performance of the heating systems directly impact the overall effectiveness of the underfloor heating system. Secondly, advancements in heating technologies and materials have made heating systems more efficient, reliable, and cost-effective, driving their dominance in the market.
Figure 1: Under Floor Heating Market, By Subsystem, 2022 & 2032 (USD billion) Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Based on system type, the Under Floor Heating market segmentation includes Dry/Electric, Wet/Hydronic. The wet/hydronic segment dominated the market; due to the energy efficiency and even heat distribution provided by hydronic systems aligning with the growing demand for sustainable and comfortable heating solutions. Hydronic systems are particularly favored in regions with colder climates or where energy costs are a significant consideration.
Based on the Offering, the Under Floor Heating market segmentation includes hardware, and services. The hardware segment dominated the market because iti s essential for physically implementing underfloor heating systems. Customers require reliable and high-quality components to ensure the proper functioning of their heating systems. The availability and performance of hardware components significantly impact the overall customer experience and satisfaction.
Based on installation type, the Under Floor Heating market segmentation includes new and retrofit installations. The retrofit installations segment dominated the market because it offers an opportunity to upgrade existing buildings with underfloor heating systems without major construction or alterations. This makes it a popular choice for homeowners and building owners looking to enhance comfort levels and energy efficiency without undergoing extensive renovation.
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Under Floor Heating Market area will dominate this market due to the factors such as the introduction of energy efficiency standards, rising standard of living, and demand for space underfloor heating due to extreme climatic conditions.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: GLOBAL UNDER FLOOR HEATING MARKET SHARE BY REGION 2022 (%) Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe, under the Floor Heating market, accounts for the second-largest market share due to the ongoing promotion trend of electric underfloor heating systems in the region that drives the market's growth. Further, the German Under Floor Heating market had the largest market share, and the UK Under Floor Heating market was the fastest-growing market in the European Region.
The Asia-Pacific Under Floor Heating Market is expected to grow fastest from 2023 to 2032. This aspect of the underfloor heating systems adds to the market value. Moreover, the China’sUnder Under Floor Heating market held the largest market share, and the IndianUnder Floor Heating market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Under Floor Heating market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Under Floor Heating industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Under Floor Heating industry to benefit clients and increase the market sector. The Under Floor Heating industry has offered some of the most significant advantages in recent years. Major players in the Under Floor Heating market, including Uponor Corporation (Finland), Danfoss A/S (Denmark), Emersion Electric Co. (US), Robert Bosch GmbH (Germany), Honeywell International Inc. (US), Nexans (UK), Incognito Heat Co Ltd. (Scotland), Rayotec Ltd. (UK), Robot uk ltd (UK), Uheat (UK), and Solfex Ltd. (UK).
Unitherm Heating Systems has been at the forefront of offering engineered heating system solutions for the residential and commercial markets. The company was initially set up to design and supply underfloor heating systems but soon recognized the demand in the market for fully integrated system solutions. Unitherm Heating Systems has unveiled an innovative underfloor heating solution kit specifically designed for contractors and developers in the UK. The company boasts an impressive turnaround time of 48 hours, providing customers with a comprehensive design and accurate pricing upon receiving an order.
Daikin Industries, Ltd. is a multinational conglomerate known for being the world's largest manufacturer of air conditioners. They recently unveiled their latest innovation, the Daikin Altherma 3 H MT. This sustainable heating system is designed to deliver optimal performance in both cold and warm regions. Unlike traditional heating systems, the Daikin Altherma 3 H MT utilizes external air to generate the necessary amount of hot and warm water, even in extreme conditions as cold as -28°C.
Uponor (Finland)
Honeywell (US)
Vent Electric (UK)
Warmup (UK)
Rehau (Switzerland)
Emerson (US)
Robert Bosch(Germany)
Danfoss (Denmark)
Pentair (US)
Mitsubishi Electric (Japan)
Siemens (Germany)
Schneider Electric (Fran
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Oct 2020: Vonage partnered with Hacktoberfest to encourage and celebrate contributions to the Open Source community. The company plans to help by giving access to their libraries, code snippets, and demos on GitHub.
Under Floor Heating Component Outlook
Electric System Components [Heating Cables, Heating Mats, Sensors and Thermostats]
Hydronic System Components [Heating Pipes, Manifolds, Sensors and Thermostats]
Under Floor Heating Subsystem Outlook
Heating Systems [Pipes, Cables and Distribution Units]
Control Systems [Sensors and Control Interfaces]
Under Floor Heating System Type Outlook
Dry/Electric
Wet/Hydronic
Under Floor Heating Offering Outlook
Hardware
Services
Under Floor Heating Installation Type Outlook
New Installations
Retrofit Installations
Under Floor Heating Regional Outlook
North America
Europe
Asia-Pacific
Rest of the World
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