HOME Top Market Reports Underfloor Heating Market by Type (Hydronic Underfloor Heating Systems & Electric Underfloor Heating Systems), Facility (New Buildings, Existing Buildings), Application (Commercial, Industrial, Residential, and Others) and Geography - Global Forecast to 2020

Underfloor Heating Market by Type (Hydronic Underfloor Heating Systems & Electric Underfloor Heating Systems), Facility (New Buildings, Existing Buildings), Application (Commercial, Industrial, Residential, and Others) and Geography - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: August 2015
Report Code: SE 3674

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An underfloor heating system is a form of radiant heating in which the heat energy is passed from a moderately hot element, such as a floor, wall, or overhead panel, and warms individuals and other objects in rooms rather than directly heating the air. It thus controls the indoor climate for thermal comfort and avoids the need of radiators. This market was valued at USD 4.65 Billion in 2014 and is expected to grow at a CAGR of 8.7% from 2015 to 2020. Currently, the commercial and residential application holds a large share in the underfloor heating market. The growth of this market is fostered by the growth in regulatory requirements and initiatives with increasing concerns about energy efficiency and the global environment. This system provides an efficient heating solution with higher level of insulation and reduced heating load compared to other space heating solutions.

In this report, the global underfloor heating market is segmented with respect to different types such as hydronic and electric underfloor heating systems. This market is also segmented on the basis of facilities such as new buildings and existing buildings wherein these systems are installed. The market with respect to different applications, such as academia and institutional, healthcare, retail, transportation & logistics, hospitality, industrial, residential, and others, also has been analyzed and forecast in the report from 2014 to 2020.

The market penetration of renewables is witnessing the UFH market growth, supported by government grants and initiatives. Renewable solutions such as heat pumps are particularly compatible with hydronic underfloor heating systems and can achieve significant carbon savings. The rising awareness of its products and their benefits is also contributing to the increasing and stimulating growth of this market. Despite the numerous advantages offered by underfloor heating, the high cost of retrofitting underfloor heating systems in existing buildings and slow response time of these systems are a few of the important factors restraining the growth of the underfloor heating market.

This report on the global underfloor heating market analyzes the underfloor heating value chain to provide a clear insight into the various segments and stakeholders in the industry. The said market has been segmented on the basis of type, facility, application, and region. This report also evaluates market and technology related trends, along with market dynamics such as drivers, restraints, opportunities, and challenges. This market report profiles some of the key technological developments in the recent times. It also profiles some of the leading players in these markets and analyzes their key strategies. The competitive landscape section of the report provides a clear insight into the market share analysis of the key market players.

The major players in this market include Danfoss A/S (Denmark), Uponor Corporation (Finland), Emerson Electric Co. (U.S.), Honeywell International Inc. (U.S), Robert Bosch (Germany), Pentair PLC (U.K.), Mitsubishi Electric (Tokyo), Schneider Electric SE (France), and Nexans S.A. (France).

Scope of the Report

Market, by Type:

The global underfloor heating market has been segmented on the basis of types into hydronic systems and electric underfloor heating systems.

Market, by Facility:

The global underfloor heating market has been segmented on the basis of facilities into new buildings and existing buildings.

Market, by Application:

The global underfloor heating market has been segmented on the basis of applications into commercial (academia and institutional, retail, healthcare, hospitality, and transportation & logistics), residential (single-family houses and apartments), industrial, and others.

Market, by Geography:

The global underfloor heating market has been segmented on the basis of regions into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The geographical analysis in the report further divides North America into the U.S., Canada, and Mexico; Europe into the U.K., Germany, France, Russia, and others; APAC into China, Japan, South Korea, and others; and the RoW region into the Middle East & Africa and South America.

Key Take Aways:

In this report, the global underfloor heating market has been segmented into the following categories and the industry trends have also been detailed according to the following aspects:

  • Total Markets: Global underfloor heating market – type market, submarkets, related markets, complementary markets (with subsegmentation), total addressable market (TAM), and market penetration of global underfloor heating
  • Submarkets: Segmentation of the global market based on types, facilities, and applications. 
  • Market, by Type: Hydronic and electric underfloor heating systems
  • Market, by Facility: New buildings and existing buildings
  • Market, by Application: Commercial, residential, industrial, and others
  • Market, by Geography: North America (subsegmented into the U.S., Canada, and Mexico), Europe (subsegmented into the U.K., Germany, France, Russia, and others), APAC (subsegmented into China, Japan, South Korea, and others), and RoW (subsegmented into the Middle East & Africa and South America)
  • Competitive Landscape: Market ranking analysis for manufacturers and developers of these systems, globally
  • Patent Landscape Analysis: Patent activity, publication activity, and mapping & analysis 

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
                    1.3.1.1 Geographic Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Demand-Side Analysis
                    2.2.2.1 High Energy Consumption in Space Heating Segment Leading to Increasing Demand of Energy Efficient Underfloor Heating Systems
           2.2.3 Supply-Side Analysis
                    2.2.3.1 Reduced Cost of Heat Pumps Fostering the Growth of the Underfloor Heating Market
    2.3 Market Size Estimation
    2.4 Market Breakdown and Data Triangulation
    2.5 Market Size Estimation
           2.5.1 Secondary Data
                    2.5.1.1 Key Data From Secondary Sources
           2.5.2 Primary Data
                    2.5.2.1 Key Data From Primary Sources
           2.5.3 Key Industry Insights
           2.5.4 Assumptions

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 37)
    4.1 Attractive Market Opportunities in Underfloor Heating Systems
    4.2 Market: Major Applications
    4.3 Europe: Largest Underfloor Heating Market
    4.4 Europe Accounted for the Highest Market Share of in the Global UFH Market (2014)
    4.5 Underfloor Heating Market, By Type
    4.6 Underfloor Heating Market, By Facility
    4.7 Market: Application in Terms of Geographic Regions, 2014 vs 2020 (USD Million)

5 Market Overview (Page No. - 43)
    5.1 Introduction
    5.2 Market Evolution
    5.3 Market Segmentation
           5.3.1 By Type
           5.3.2 By Facility
           5.3.3 By Application
           5.3.4 By Geography
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Growing Concerns About Energy Efficiency and the Global Environment, Along With Increasing Awareness About the Benefits of Underfloor Heating
                    5.4.1.2 Increasing Feasibility By Automation in the Commercial, Industrial, and Residential Sectors in Developing Nations
                    5.4.1.3 Increasing Emphasis on Aesthetics and Design
                    5.4.1.4 Growing Number of Heat Pump Installations
                    5.4.1.5 Rising Demand Because of High Level of Comfort and Flexibility
           5.4.2 Restraints
                    5.4.2.1 High Cost of Retrofitting Underfloor Heating Systems in Existing Buildings
                    5.4.2.2 Slow Response Time of Underfloor Heating
           5.4.3 Opportunities
                    5.4.3.1 Increasing Environmental Awareness and Energy Efficiency Standards
                    5.4.3.2 Enhancing Flexibility of an Underfloor Heating System and Its Operational Cost Effectiveness
           5.4.4 Challenges
                    5.4.4.1 Design and Maintenance of Underfloor Heating Systems
    5.5 Patent Analysis

6 Industry Trends (Page No. - 56)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Intensity of Competitive Rivalry
           6.3.2 Threat of New Entrants
           6.3.3 Threat of Substitutes
           6.3.4 Bargaining Power of Buyers
           6.3.5 Bargaining Power of Suppliers
    6.4 Strategic Benchmarking
           6.4.1 Major Strategies Adopted By the Key Players

7 Market Analysis, By Type (Page No. - 66)
    7.1 Introduction
    7.2 Hydronic UFH System
           7.2.1 Components of Hydronic UFH Systems
                    7.2.1.1 Heating Pipes
                    7.2.1.2 Manifold
                    7.2.1.3 Sensors and Thermostats
    7.3 Electric UFH Systems
           7.3.1 Components of Electric UFH Systems
                    7.3.1.1 Heating Cables
                    7.3.1.2 Heating Mats
                    7.3.1.3 Sensors and Thermostats

8 Market Analysis, By Facility (Page No. - 82)
    8.1 Introduction
    8.2 Underfloor Heating in New Buildings
    8.3 Underfloor Heating in Existing Buildings

9 Market Analysis, By Application (Page No. - 87)
    9.1 Introduction
    9.2 Commercial Applications
           9.2.1 Academia and Institutional
           9.2.2 Healthcare
           9.2.3 Retail
           9.2.4 Transportation and Logistics
           9.2.5 Hospitality
    9.3 Industrial Applications
    9.4 Residential Applications
           9.4.1 Single-Family Houses
           9.4.2 Apartments
    9.5 Other Applications

10 Market Analysis, By Geography (Page No. - 111)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
                        10.2.1.1 Standards and Regulations in the U.S.
             10.2.2 Canada
             10.2.3 Mexico
                        10.2.3.1 Standards and Regulations in Mexico
     10.3 Europe
             10.3.1 U.K.
                        10.3.1.1 Standards and Regulations in the U.K.
             10.3.2 Germany
             10.3.3 France
             10.3.4 Russia
             10.3.5 Others
     10.4 APAC
             10.4.1 China
                        10.4.1.1 Standards and Regulations in China
             10.4.2 Japan
                        10.4.2.1 Standards and Regulations in Japan
             10.4.3 South Korea
             10.4.4 Others
     10.5 Rest of the World (RoW)
             10.5.1 Middle East and Africa
                        10.5.1.1 Standards and Regulations in the Middle East and Africa
             10.5.2 South America

11 Competitive Landscape (Page No. - 144)
     11.1 Overview
     11.2 Market Share Analysis of the Underfloor Heating Market
     11.3 Competitive Situation and Trends
             11.3.1 New Product Launches/New Product Developments
             11.3.2 Mergers & Acquisitions
             11.3.3 Partnerships, Contracts, Agreements, Joint Ventures, and Collaborations
             11.3.4 Other Developments

12 Company Profiles (Page No. - 152)
(Overview, Products and Services, Financials, Strategy & Development)*
     12.1 Introduction
     12.2 Robert Bosch GmbH
     12.3 Uponor Corporation
     12.4 Emerson Electric Co.
     12.5 Honeywell International Inc.
     12.6 Danfoss A/S
     12.7 Pentair PLC
     12.8 Nexans S.A.
     12.9 Schneider Electric SE
     12.10 Siemens AG
     12.11 Mitsubishi Electric Corporation

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 181)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports


List of Tables (81 Tables)

Table 1 Market Drivers
Table 2 High Installation Cost in Existing Buildings Hampering the Growth of the Underfloor Heating Market
Table 3 Increasing Environmental Awareness and Energy-Efficiency Standards Providing Key Opportunity for the Market
Table 4 Design and Maintenance of Underfloor Heating Systems is Key Challenge for the Market
Table 5 Impact of Porter’s Five Forces (2014)
Table 6 Underfloor Heating Market Size, 2014–2020
Table 7 Underfloor Heating MarketSize, By Type, 2014–2020 (USD Million)
Table 8 Underfloor Heating Market Volume, By Type, 2014–2020 (Thousand Units)
Table 9 Underfloor Heating Market Asp’s, By Type, 2014–2020 (USD)
Table 10 Underfloor Heating Market Size for Hydronic Systems, By Component, 2014–2020 (USD Million)
Table 11 Underfloor Heating Market Size for Hydronic Systems, By Application, 2014–2020 (USD Million)
Table 12 Market Size for Hydronic Systems, By Commercial Application, 2014–2020 (USD Million)
Table 13 Underfloor Heating Market Size for Hydronic Systems, By Residential Application, 2014–2020 (USD Million)
Table 14 Electric Underfloor Heating Size, By Component, 2014–2020 (USD Million)
Table 15 Market Size for Electric Systems, By Application, 2014–2020 (USD Million)
Table 16 Underfloor Heating Market Size for Electric Systems, By Commercial Application, 2014–2020 (USD Million)
Table 17 Underfloor Heating Market Size for Electric Systems, By Residential Application, 2014–2020 (USD Million)
Table 18 Market Size, By Facility, 2014–2020 (USD Million)
Table 19 Underfloor Heating Market Size, By Application, 2014–2020 (USD Million)
Table 20 Underfloor Heating Market Volume, By Application, 2014–2020 (Thousand Units)
Table 21 Underfloor Heating Market Asp’s, By Application, 2014–2020 (USD)
Table 22 Underfloor Heating Market Size, By Commercial Application, 2014–2020 (USD Million)
Table 23 Underfloor Heating Market Volume, By Commercial Application, 2014–2020 (Thousand Units)
Table 24 Underfloor Heating Market Asp’s, By Commercial Application, 2014–2020 (USD)
Table 25 Underfloor Heating Commercial Market Size, By Type, 2014–2020 (USD Million)
Table 26 Underfloor Heating Commercial Market Size, By Region, 2014–2020 (USD Million)
Table 27 Underfloor Heating Academia & Institutional Market Size, By Type, 2014–2020 (USD Million)
Table 28 Underfloor Heating Academia & Institutional Market Size, By Region, 2014–2020 (USD Million)
Table 29 Underfloor Heating Healthcare Market Size, By Type, 2014–2020 (USD Million)
Table 30 Underfloor Heating Healthcare Market Size, By Region, 2014–2020 (USD Million)
Table 31 Underfloor Heating Retail Market Size, By Type, 2014–2020 (USD Million)
Table 32 Underfloor Heating Retail Market Size, By Region, 2014–2020 (USD Million)
Table 33 Underfloor Heating Transportation & Logistics Market Size, By Type, 2014–2020 (USD Million)
Table 34 Underfloor Heating Transportation & Logistics Market Size, By Region, 2014–2020 (USD Million)
Table 35 Underfloor Heating Hospitality Market Size, By Type, 2014–2020 (USD Million)
Table 36 Underfloor Heating Hospitality Market Size, By Region, 2014–2020 (USD Million)
Table 37 Underfloor Heating Industrial Market Size, By Type, 2014–2020 (USD Million)
Table 38 Underfloor Heating Industrial Market Size, By Region, 2014–2020 (USD Million)
Table 39 Underfloor Heating Market Size, By Residential Application, 2014–2020 (USD Million)
Table 40 Underfloor Heating Market Asp’s, By Residential Application, 2014–2020 (USD)
Table 41 Underfloor Heating MarketVolume, By Residential Application, 2014–2020 (Thousand Units)
Table 42 Underfloor Heating Residential Market Size, By Type, 2014–2020 (USD Million)
Table 43 Underfloor Heating Residential Market Size, By Region, 2014–2020 (USD Million)
Table 44 Underfloor Heating Single-Family Houses Market Size, By Type, 2014–2020 (USD Million)
Table 45 Underfloor Heating Single-Family Houses Market Size, By Region, 2014–2020 (USD Million)
Table 46 Underfloor Heating Apartments Market Size, By Type, 2014–2020 (USD Million)
Table 47 Underfloor Heating Apartments Market Size, By Region, 2014–2020 (USD Million)
Table 48 Underfloor Heating Other Applications Market Size, By Type, 2014–2020 (USD Million)
Table 49 Underfloor Heating Other Applications Market Size, By Region, 2014–2020 (USD Million)
Table 50 Underfloor Heating Market Size, By Region, 2014–2020 (USD Million)
Table 51 North America: Underfloor Heating Market Size, By Country, 2014–2020 (USD Million)
Table 52 North America: Market Size, By Application, 2014–2020 (USD Million)
Table 53 North America: Underfloor Heating Market Size, By Commercial Application, 2014–2020 (USD Million)
Table 54 North America: Market Size, By Residential Application, 2014–2020 (USD Million)
Table 55 Europe: Underfloor Heating Market Size, By Country, 2014–2020 (USD Million)
Table 56 Europe: Market Size, By Application, 2014–2020 (USD Million)
Table 57 Europe: Market Size, By Commercial Application, 2014–2020 (USD Million)
Table 58 Europe: Market Size, By Residential Application, 2014–2020 (USD Million )
Table 59 APAC: Underfloor Heating Market Size, By Country, 2014–2020 (USD Million)
Table 60 APAC: Market Size, By Application, 2014–2020 (USD Million)
Table 61 APAC: Market Size, By Commercial Application, 2014–2020 (USD Million)
Table 62 APAC: Market Size, By Residential Application, 2014–2020 (USD Million)
Table 63 RoW: Underfloor Heating Market Size, By Region, 2014–2020 (USD Million)
Table 64 RoW: Market Size, By Application, 2014–2020 (USD Million)
Table 65 RoW: Market Size, By Commercial Application, 2014–2020 (USD Million)
Table 66 RoW: Market Size, By Residential Application, 2014–2020 (USD Million)
Table 67 Global UFH Market Ranking, By Key Player, 2014
Table 68 New Product Launches, 2012–2015
Table 69 Mergers & Acquisitions
Table 70 Partnerships, Contracts, Agreements, and Joint Ventures
Table 71 Other Strategies
Table 72 Robert Bosch GmbH: Products Offered
Table 73 Uponor Corporation: Products & Services
Table 74 Emerson Electric Co.: Products & Services
Table 75 Honeywell International Inc.: Products & Services
Table 76 Danfoss A/S: Products & Services
Table 77 Pentair PLC: Products & Services
Table 78 Nexans S.A.: Products & Services
Table 79 Schneider Electric SE: Products Offered
Table 80 Siemens AG: Products & Services
Table 81 Mitsubishi Electric Corporation: Products & Services


List of Figures (112 Figures)

Figure 1 Markets Covered
Figure 2 Years Considered for the Study
Figure 3 Research Design
Figure 4 Residential Buildings’ Primary Energy End Use Splits (2010) in the U.S.
Figure 5 Commercial Buildings’ Primary Energy End Use Splits (2010) in the U.S.
Figure 6 Cost Comparison of Various Heating Systems
Figure 7 Bottom-Up Approach
Figure 8 Top-Down Approach
Figure 9 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 10 Market Breakdown and Data Triangulation
Figure 11 Assumptions of the Research Study
Figure 12 Underfloor Heating Market Size, 2014–2020 (USD Million)
Figure 13 Market, By Type, 2014 - 2020
Figure 14 Market, By Facility, 2014 vs 2020 (USD Million)
Figure 15 Market, By Application, 2014 vs 2020 (USD Million)
Figure 16 European Countries are Expected to Grow Highly in the Global UFH Market From 2015 to 2020
Figure 17 The Market is Expected to Show Lucrative Growth Potential From 2015 to 2020
Figure 18 Commercial Application Projected to Be the Largest Segment in the UFH Market in 2020
Figure 19 Industrial Segment has the Highest Growth Rate in the Market
Figure 20 Europe Growing at the Highest Cagr in the Global UFH Market
Figure 21 Hydronic UFH Systems are Expected to Hold the Largest Share of the UFH Market Till 2020
Figure 22 UFH Market for Existing Buildings is Expected to Grow at the Highest Rate From 2015 to 2020
Figure 23 Commercial Application is Expected to Hold A Major Market Share of the UFH Market in 2020
Figure 24 Evolution of Underfloor Heating Systems in the Market
Figure 25 Underfloor Heating Market Segmentation: By Type
Figure 26 Market, By Application
Figure 27 Market, By Geography
Figure 28 Growing Concern About Energy Efficiency and the Global Environment is Driving the Growth of the Market
Figure 29 Value Chain Analysis : Major Value is Added During the Manufacturing and System Integration Phase
Figure 30 The Impact of Threats of New Entrants and Bargaining Power of Suppliers is High in the Underfloor Heating Market (2014)
Figure 31 Porter’s Five Forces Analysis: Bargaining Power of Suppliers Had A High Impact on the Market in 2014
Figure 32 Intensity of Competitive Rivalry in the Underfloor Heating Market
Figure 33 Threat of New Entrants in the Market
Figure 34 Threat of Substitutes in the Market
Figure 35 Bargaining Power of Buyers in the Market
Figure 36 Bargaining Power of Suppliers in the Market
Figure 37 Strategic Benchmarking: New Product Launches and Mergers & Acquisitions Were the Major Strategies Adopted By Industry Players, 2012-2015
Figure 38 Underfloor Heating Market Size, 2014–2020 (USD Million)
Figure 39 Market, By Type
Figure 40 Hydronic UFH Systems Leading the UFH Market, By Type, 2015–2020 (USD Million)
Figure 41 Market Volume, By Type, 2015–2020 (Thousand Units)
Figure 42 Advantages of Hydronic UFH Systems
Figure 43 Disadvantages of Hydronic UFH Systems
Figure 44 Components of Hydronic UFH Systems
Figure 45 Market Size for Hydronic Systems, By Component, 2015–2020 (USD Million)
Figure 46 Market Size for Hydronic Systems, By Application, 2015–2020 (USD Million)
Figure 47 Transportation & Logistics Application Growing at the Highest Cagr in the Hydronic UFH Market , By Commercial Application, 2015–2020 (USD Million)
Figure 48 Market Size for Hydronic Systems, By Residential Application, 2015–2020 (USD Million)
Figure 49 Advantages of Electric UFH Systems
Figure 50 Disadvantages of Electric UFH Systems
Figure 51 Components of Electric UFH Systems
Figure 52 Market Size for Electronic Systems, By Component, 2015–2020 (USD Million)
Figure 53 Electric Underfloor Heating Market Size, By Application, 2015–2020 (USD Million)
Figure 54 Underfloor Heating Market Size for Electric Systems, By Commercial Application, 2015–2020 (USD Million)
Figure 55 Market Size for Electric Systems, By Residential Application, 2015–2020 (USD Million)
Figure 56 Advantages of Underfloor Heating Systems
Figure 57 Underfloor Heating Market, By Facility
Figure 58 Market Size, By Facility, 2015–2020 (USD Million)
Figure 59 Advantages of Underfloor Heating in New Build Housing
Figure 60 Market, By Application
Figure 61 Commercial Application Segment Leading the UFH Market By Application in 2015 (USD Million)
Figure 62 Market, By Commercial Application
Figure 63 Healthcare Segment Leading the UFH Commercial Market in 2015 (USD Million)
Figure 64 Underfloor Heating Commercial Market Size, By Type, 2015–2020 (USD Million)
Figure 65 Underfloor Heating Commercial Market Size, By Geography, 2015–2020 (USD Million)
Figure 66 Hydronic UFH Systems Holds the Major Share in UFH Industrial Market, By Type, 2015–2020 (USD Million)
Figure 67 UFH Industrial Market Size, By Region, 2015–2020 (USD Million)
Figure 68 Market, By Residential Application
Figure 69 Underfloor Residential Market Size, By Application, 2015–2020 (USD Million)
Figure 70 Underfloor Heating Residential Market Size, By Type, 2015–2020 (USD Million)
Figure 71 Underfloor Residential Market Size, By Region, 2015–2020 (USD Million)
Figure 72 Market, By Geography
Figure 73 Geographic Snapshot: Market
Figure 74 The European Region is Expected to Hold the Largest Share of the Underfloor Heating Market By 2020
Figure 75 North America: Snapshot (2015)
Figure 76 The U.S. is Expected to Account for the Largest Share of the Market in North America in 2020
Figure 77 North America: Underfloor Heating Market Size, By Application, 2015-2020 (USD Million)
Figure 78 North America: Market Size, By Commercial Application, 2015-2020 (USD Million)
Figure 79 North America: Market Size, By Residential Application, 2015 & 2020 (USD Million)
Figure 80 Europe: Snapshot (2015)
Figure 81 Germany is Expected to Account for Largest Share of the Underfloor Heating Market in European Region By 2020
Figure 82 Europe Underfloor Heating Market Size, By Application, 2015-2020 (USD Million)
Figure 83 Europe: Market Size, By Commercial Application, 2015-2020 (USD Million)
Figure 84 Europe: Underfloor Heating Market Size, By Residential Application, 2015-2020 (USD Million)
Figure 85 APAC: Underfloor Heating Market Size, By Country, 2015–2020 (USD Million)
Figure 86 APAC: Market Size, By Application, 2015-2020 (USD Million)
Figure 87 APAC: Market Size, By Commercial Application, 2015-2020 (USD Million)
Figure 88 APAC: Market Size, By Residential Application, 2015-2020 (USD Million)
Figure 89 RoW: Underfloor Heating Market Size, By Region, 2015–2020 (USD Million)
Figure 90 RoW: Market Size, By Application, 2015-2020 (USD Million)
Figure 91 RoW: Market Size, By Commercial Application, 2015-2020 (USD Million)
Figure 92 RoW: Market Size, By Residential Application, 2015-2020 (USD Million)
Figure 93 Companies Adopted New Product Development and Acquisition & Merger as the Key Growth Strategies Between 2012 and 2014
Figure 94 Uponor Corporation Grew at the Highest Rate Between 2012 and 2014
Figure 95 Market Evolution Framework—The Strategy of New Product Launches has Fueled Growth and Innovation in the UFH Market
Figure 96 Battle for Market Share: New Product Launches, Partnerships, Agreements, Contracts, Joint Ventures, Mergers & Acquisitions Were the Key Strategies During 2012– 2015
Figure 97 Geographic Revenue Mix of the Key Market Players
Figure 98 Robert Bosch GmbH: Company Snapshot
Figure 99 Robert Bosch GmbH : SWOT Analysis
Figure 100 Uponor Corporation: Company Snapshot
Figure 101 Uponor Corporation : SWOT Analysis
Figure 102 Emerson Electric Co.: Company Snapshot
Figure 103 Emerson Electric Co.: SWOT Analysis
Figure 104 Honeywell International Inc.: Company Snapshot
Figure 105 Honeywell International Inc. : SWOT Analysis
Figure 106 Danfoss A/S: Company Snapshot
Figure 107 Danfoss A/S : SWOT Analysis
Figure 108 Pentair PLC: Company Snapshot
Figure 109 Nexans S.A.: Company Snapshot
Figure 110 Schneider Electric SE: Company Snapshot
Figure 111 Siemens AG: Company Snapshot
Figure 112 Mitsubishi Electric Corporation: Company Snapshot

The underfloor heating market has been gaining momentum over the last few years because of the increasing adoption of these systems in the developing commercial and residential sectors across the developed nations. The growth of this market is driven by growing concerns about energy efficiency and the global environment, along with increasing awareness about the benefits of underfloor heating. High cost of retrofitting underfloor heating systems in existing buildings and slower response time of UFH systems are some of the factors restraining the growth of global market.

Traditionally, underfloor heating (UFH) has been more commonly used in the self-build and luxury end of the domestic market. However, recent technological advances have led to its increasing adoption in the mainstream market as systems have become easier to install, properties can be better insulated, and the benefits of UFH are more widely known.

The two main types of UFH systems are hydronic UFH systems and electric UFH systems. In hydronic radiant UFH system, heated water is propelled from a boiler through a link of tubing underneath the floor. Heat is conducted to the surface of the floor by the hot water, and from there, radiant energy is emitted to the room. The market of hydronic UFH systems is much larger than of electric UFH systems as hydronic UFH systems use water for heating, which can be linked to any heat source from a standard boiler to newer sustainable technologies such as solar thermal and heat pumps.

Electric underfloor heating systems functions just like an electric blanket. Heat is created when electricity runs through the resistance cable. These types of systems are commonly used for retrofit installations as they are easy to fit and can be installed on the top of existing flooring. The market for electric UFH systems is growing rapidly in global underfloor heating market since it is predominantly used in domestic properties. This is because it is less costly to install and is easier to retrofit, with many systems available which do not require an insulating screed. Systems can also easily be fitted into a single room, particularly where wireless controls are used, which do not require digging wall channels. Electric UFH systems also exert less load on floors so can be easily fitted in the rooms and flats which are upstairs.

There is a growing demand for underfloor heating systems in various sectors, especially residential, due to growth of refurbishment activity in many developed nations. Underfloor heating is considered to be ideal for new builds and also becoming more popular due to new product innovations in this area. The growth of the trend towards contemporary design has motivated consumers to create a clean and uncluttered look throughout their home.

The said market in Europe is expected to grow at the highest CAGR of 10.5% from 2015 and 2020, mainly owing to the growth of environmental and energy-efficiency concerns, along with large proportion of environmental legislation introduced by the government in recent years. Also, higher levels of insulation, driven by regulatory requirements and initiatives, are contributing to a reduction in the overall heating load, making UFH a more practical and efficient heating solution in Europe. In addition, the presence of several players in the European UFH market makes it more competitive.

This report estimates the underfloor heating market size and forecasts the same for different regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World. It also analyzes the trends in the global market. The report further profiles over Top 10 companies present worldwide in this market, along with their recent activities such as mergers & acquisitions, collaborations, joint ventures, and new product developments. The global market was valued at USD 4.65 Billion in 2014 and is expected to reach USD 7.90 Billion by 2020, at a CAGR of 8.7% from 2015 and 2020.

This report describes the market trends and challenges pertaining to the global underfloor heating market and forecasts the market till 2020, on the basis of type, facility, application, and geography. The report also features the detailed competitive landscape by identifying the key players, along with their in-depth market share analysis in the global market. The sections and subsegments in the report also analyze the drivers, restraints, opportunities, and challenges in the market and the current market trends that are expected to have an impact on the global market.

There are numerous small players which are present in the underfloor heating market in addition to the well-established companies. Some of the major players in this market include Danfoss A/S (Denmark), Uponor Corporation (Finland), Emerson Electric Co. (U.S.), Honeywell International Inc. (U.S.), Robert Bosch (Germany), Pentair PLC (U.K.), Mitsubishi Electric (Tokyo), Schneider Electric SE (France), and Nexans S.A. (France) among others.

Underfloor Heating Market

The global underfloor heating market is expected to grow at a CAGR of 8.7% from 2015 to 2020. Underfloor heating systems are primarily used in the commercial sector, followed by the residential sector. Europe was the largest market for underfloor heating, followed by North America in 2014.

Available Customizations Title

Client Consult Problem Statement :

MnM’s client who is one of the leading manufacturer of Electric Heating systems was interested in project involving “Assessment of Electric Heating Systems market in India and detailed by products”. The key objective for the study involved :

  1. In-depth analysis of Indian Electric Heating systems market for products and by Indian regional market
  2. Detailed supply chain, pricing analysis and competitor analysis
  3. The pricing and product analysis for panel heaters, radiators, underfloor heating, and frost protection was provided in terms of technical and market perspective

Solution Provided:
  1. Methodology Adopted by MnM : MnM conducted a detailed search of the public domain and ....
  1. Methodology Adopted by MnM : MnM conducted a detailed search of the public domain and its own proprietary & non-proprietory database on target Indian Electric Heating systems market to orient the project, develop the industry structure including, manufacturers/suppliers, distributors, customers, associations, regulatory authorities and allied stakeholders. Exhaustive interviews were conducted from sales, marketing, production, technical experts using a semi-structured Discussion Guide to understand and provide the in-depth analysis of the market. These interviews were used to draw out information such as major customers, end user industry demand, customers activity, trends, future growth, etc. Similarly among regulatory authorities, associations and others bodies, MnM also obtained detailed information on market sizes, usage trends, future growth prospective for target end user industries along with the major consumer details.
  2. Actual Solution Provided: - Through the detailed outcome of the study, we provided inputs on-
    • Market size of the Indian Electric Heating systems market products and different Indian regions
    • Supply chain analysis of the Indian Electric Heating systems market by different stakeholders
    • Developments trends in the Indian Electric Heating systems market and the competitors product analysis, pricing analysis, and various other parameters, comparative heating systems of the Indian Electric Heating systems

Value Delivered:

MnM’s client was able to understand the current scenario of the Indian Electric Heating systems market. Also, the market forecasts were provided to focus client’s attention to the high growth markets of Indian Electric Heating systems.

  • The strategic analyzing the micro-markets with respect to individual growth trends, future prospects, and contribution to the total Indian Electric Heating systems market

The product and pricing analysis with respect to different electric heating systems helped the client to target the new customers in different regions with the precise product category and pricing.

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