Underfloor Heating Market

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

Report Code: SE 3674 Jun, 2023, by marketsandmarkets.com

[211 Pages Report] 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 growth of underfloor heating can be attributed to its energy efficiency, comfort, design flexibility, zoning capabilities, enhanced indoor air quality, technological advancements, environmental sustainability, and retrofitting possibilities. These factors have collectively driven the widespread adoption of underfloor heating in residential and commercial settings.

Underfloor Heating Market

Underfloor Heating Market

Underfloor Heating Market Forecast to 2028

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Market Dynamics

Driver: Stringent building codes

Underfloor heating systems are more prevalent in cold regions, which require constant heating to maintain the room temperature. The increasing demand for underfloor heating systems can be attributed to the growing concerns regarding the energy efficiency of heating systems and the global environment. Developed nations, such as the UK, Germany, Canada, and the US, are moving toward a low-carbon economy and have introduced stringent building regulations concerning the efficiency of the building structure and the use of energy within the building.

Restraint: High installation cost of Underfloor heating

The higher initial installation costs of underfloor heating systems compared to traditional heating methods can impede their growth and adoption. Specialized materials, complex installation processes, and potential maintenance expenses contribute to the overall cost. Underfloor heating systems require specific components like heating cables or pipes, insulation materials, and control systems designed for efficiency and durability but can be pricier than standard heating equipment. The installation is more intricate and time-consuming, requiring skilled professionals and adding to the costs. Maintenance and repair expenses may also arise, especially if specialized technicians are needed. This cost factor may deter budget-conscious customers, who may opt for more affordable heating alternatives like radiators or forced-air systems. To address this restraint, industry stakeholders should focus on cost optimization strategies. Exploring cost-effective materials, streamlining installation processes, and emphasizing the long-term energy-saving benefits can help justify the initial investment. Incentives, subsidies, or financing options can make underfloor heating more accessible and affordable. By mitigating the cost barrier, the underfloor heating market can expand its customer base and foster greater adoption in residential and commercial sectors.

Opportunity: IoT-enabled underfloor heating systems

An IoT-enabled underfloor heating system integrates Internet of Things (IoT) technology into underfloor heating systems. IoT enables users to remotely control and monitor their underfloor heating systems through smartphones, tablets, or other devices. This allows convenient access to temperature settings, scheduling, and real-time energy usage monitoring. Smart Thermostats and Sensors: IoT integration allows using smart thermostats and sensors that collect real-time temperature, humidity, and occupancy data. These devices provide accurate feedback and enable intelligent heating control based on user preferences and environmental conditions. With IoT-enabled underfloor heating, energy optimization is possible through advanced algorithms that analyze data and adjust heating output accordingly. This helps in reducing energy wastage and optimizing energy efficiency. IoT-enabled underfloor heating systems can be seamlessly integrated into broader home automation ecosystems. They can communicate and coordinate with other smart devices, such as smart lighting or blinds, to create a more interconnected and automated home environment. IoT technology allows for collecting and analyzing data from underfloor heating systems.

Challenge: Limited size and shape capabilities of Underfloor heating

During the installation of underfloor heating systems, various floor and setup challenges can arise, impacting the system’s efficiency and effectiveness. Compatibility with different flooring materials is crucial as certain types, like thick carpets or specific wood varieties, may hinder heat transfer or necessitate additional insulation. Subfloor preparation is vital to ensure even heat distribution, as uneven or damaged subfloors can create hotspots or cold areas. Attention to design considerations, such as room size, shape, and insulation, is necessary to achieve optimal performance and avoid inconsistent heating caused by poor system design or inadequate coverage. Integrating underfloor heating into existing buildings presents challenges, requiring modifications and careful planning to harmonize with the plumbing or electrical systems without disruptions.

Underfloor heating Market Ecosystem

Component suppliers and system integrators have witnessed a decline in production activities. Consequently, OEMs have needed more essential components. The figure below shows the Underfloor heating ecosystem.

Underfloor Heating Market by Ecosystem

Services segment to grow at highest CAGR in the forecast period 2023-2028

Underfloor heating services encompass installation, maintenance, repair, retrofitting, and energy efficiency consultation. As underfloor heating grows, the demand for these services has increased. Professionals in the industry are expanding their offerings to meet the growing needs of customers seeking efficient and comfortable heating solutions.

Electric underfloor heating segment to grow at highest CAGR in the forecast period 2023-2028.

The sales of electric underfloor heating have experienced substantial growth in recent years. This can be attributed to increased energy efficiency, technological advancements, retrofitting opportunities, design flexibility, enhanced comfort and convenience, and growing consumer awareness. These factors have contributed to the rising demand for electric underfloor heating systems in residential and commercial markets.

Residential application is expected to register highest CAGR during the forecast period

The growth of underfloor heating in residential applications can be attributed to its comfort, energy efficiency, design flexibility, zoning capabilities, compatibility with different flooring types, improved indoor air quality, and integration with smart home technology. These factors have driven its rising popularity among homeowners who prioritize a comfortable, energy-efficient, and customizable home heating solution.

Underfloor Heating Market by Region

Underfloor Heating Market by Region

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Europe to grow at highest CAGR during the forecast period

The growth of underfloor heating in Europe can be attributed to its energy efficiency, comfort, retrofitting flexibility, integration with renewable energy sources, compliance with building standards, technological advancements, and government support. These factors have collectively driven the widespread adoption of underfloor heating as the preferred heating solution in European residential and commercial applications. The major markets in Europe are UK and Germany. The UK has high growth potential for Underfloor heating products and service providers and is also the fastest-growing market in Europe. The leading players in the Underfloor heating market in Europe are Uponor Corporation (Finland), Resideo Technologies Inc. (US), nVent Electric Plc (UK).

Key Market Players

The Underfloor Heating Companis players have implemented various organic and inorganic growth strategies, such as product launches, collaborations, partnerships, and acquisitions, to strengthen their offerings in the market. The major players in the market are 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).

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.

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Scope of the Report

Report Metric

Details

Years Considered

2019–2028

Base Year Considered

2022

Forecast Period

2023–2028

Forecast Units

Value (USD Million/Billion)

Segments Covered

Offerings, By product type and component, Installation type,  application, and Region

Regions Covered

North America, Asia Pacific, Europe, and the Rest of the World

Companies Covered

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) A total of 25 players covered

Underfloor Heating Market Highlights

This report has segmented the Underfloor heating market based on offerings, By product type and component, Installation type application, and region.

Segment

Subsegment

By Offerings

  • Hardware
  • Services

By Product Type and Component

  • Hydronic Underfloor heating (wet system)
      • Heating Pipes
      • Thermostats and Sensors
      • Thermal Actuators
      • Zone Valves
      • Wiring Centres
      • Manifold and Valves
  •  Electric Underfloor heating (dry system)
      • Heating Cables
      • Heating Cables
      • Thermostat and Sensors

By Installation Types

  • New Installations/ New Building
  • Retrofit installations/Existing building

By Application

  • Residential
  • Commercial
  • Industrial
  • Healthcare
  • Sports & Entertainment
  • Others

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Belgium
    • Netherlands
    • Italy
    • Poland
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Rest of the World
    • Middle East & Africa
    • South America

Recent Developments:

  • In January 2023, Resideo Technologies, has supplied Bellway, a national housebuilder in the UK, with their industry-leading Honeywell Home evohome smart thermostat. Resideo Technologies specializes in comfort, thermal, and security solutions, and its Honeywell Home evohome system was chosen for its smart zoning technology. This technology utilizes radiator controllers to wirelessly measure and regulate temperatures for up to twelve individual zones, covering nine rooms, twelve radiators, and three underfloor heating zones.
  • In June 2022, nVent Electric plc, a renowned provider of electrical connection and protection solutions, revealed the expansion of its partnership with MAPEI, a global leader in manufacturing chemical products for the building industry. This collaboration aims to integrate the high-quality electric underfloor heating technologies offered by nVent RAYCHEM with MAPEI’s extensive flooring installation products. Building upon successful collaborations in the United States and Canada, nVent, and MAPEI will introduce MAPEI Mapeheat with Technology from nVent RAYCHEM to the flooring and tiling industry in the United Kingdom.
  • In November 2021, Uponor Corporation acquired Capricorn S.A. to expand its European network of production plants. This acquisition complemented Uponor’s portfolio of surface heating and cooling.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 27)
    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 (Page No. - 31)
    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 (Page No. - 42)
    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 (Page No. - 46)
    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 (Page No. - 50)
    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 (Page No. - 79)
    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 (Page No. - 82)
    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 (Page No. - 83)
    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 (Page No. - 85)
    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 (Page No. - 88)
     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 (Page No. - 94)
     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 (Page No. - 111)
     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 
             12.2.1 SINGLE-FAMILY HOUSE
                        12.2.1.1 Increasing demand due to comfort, energy efficiency, and design flexibility
             12.2.2 APARTMENT
                        12.2.2.1 Compatibility with different floor coverings
                                     TABLE 64 RESIDENTIAL: UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
                                     TABLE 65 RESIDENTIAL: UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
                                     TABLE 66 RESIDENTIAL: UNDERFLOOR HEATING MARKET, BY REGION, 2019–2022 (USD MILLION)
                                     TABLE 67 RESIDENTIAL: UNDERFLOOR HEATING MARKET, BY REGION, 2023–2028 (USD MILLION)
     12.3 COMMERCIAL 
             TABLE 68 COMMERCIAL: UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
             TABLE 69 COMMERCIAL: UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
             TABLE 70 COMMERCIAL: UNDERFLOOR HEATING MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 71 COMMERCIAL: UNDERFLOOR HEATING MARKET, BY REGION, 2023–2028 (USD MILLION)
             12.3.1 RETAIL
                        12.3.1.1 Growing adoption of humidity control systems
             12.3.2 TRANSPORTATION AND LOGISTICS
                        12.3.2.1 Increasing installation for efficient and comfortable heating systems
             12.3.3 HOSPITALITY
                        12.3.3.1 High energy efficiency and aesthetic advantages
     12.4 HEALTHCARE 
             12.4.1 GROWING DEPLOYMENT IN MEDICAL FACILITIES, HOSPITALS, AND CLINICS AS EFFECTIVE AND HYGIENIC HEATING OPTION
                        TABLE 72 HEALTHCARE: UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
                        TABLE 73 HEALTHCARE: UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
                        TABLE 74 HEALTHCARE: UNDERFLOOR HEATING MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 75 HEALTHCARE: UNDERFLOOR HEATING MARKET, BY REGION, 2023–2028 (USD MILLION)
     12.5 SPORTS & ENTERTAINMENT 
             12.5.1 RISING USE TO PROVIDE COMFORT AND CREATE HASSLE-FREE ENVIRONMENT FOR PLAYERS
                        TABLE 76 SPORTS & ENTERTAINMENT: UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
                        TABLE 77 SPORTS & ENTERTAINMENT: UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
                        TABLE 78 SPORTS & ENTERTAINMENT: UNDERFLOOR HEATING MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 79 SPORTS & ENTERTAINMENT: UNDERFLOOR HEATING MARKET, BY REGION, 2023–2028 (USD MILLION)
     12.6 INDUSTRIAL 
             12.6.1 INCREASING DEPLOYMENT AS EFFICIENT AND LOCALIZED HEATING SOLUTION
                        TABLE 80 INDUSTRIAL: UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
                        TABLE 81 INDUSTRIAL: UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
                        TABLE 82 INDUSTRIAL: UNDERFLOOR HEATING MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 83 INDUSTRIAL: UNDERFLOOR HEATING MARKET, BY REGION, 2023–2028 (USD MILLION)
     12.7 OTHERS 
             TABLE 84 OTHERS: UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
             TABLE 85 OTHERS: UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
             TABLE 86 OTHERS: UNDERFLOOR HEATING MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 87 OTHERS: UNDERFLOOR HEATING MARKET, BY REGION, 2023–2028 (USD MILLION)
 
13 UNDERFLOOR HEATING MARKET, BY REGION (Page No. - 126)
     13.1 INTRODUCTION 
             FIGURE 46 UNDERFLOOR HEATING MARKET, BY REGION
             FIGURE 47 UNDERFLOOR HEATING MARKET: REGIONAL SNAPSHOT
             FIGURE 48 UK TO BE FASTEST-GROWING UNDERFLOOR HEATING MARKET DURING FORECAST PERIOD
             TABLE 88 UNDERFLOOR HEATING MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 89 UNDERFLOOR HEATING MARKET, BY REGION, 2023–2028 (USD MILLION)
     13.2 NORTH AMERICA 
             13.2.1 NORTH AMERICA: RECESSION IMPACT
                        FIGURE 49 NORTH AMERICA: SNAPSHOT OF UNDERFLOOR HEATING MARKET
                        TABLE 90 NORTH AMERICA: UNDERFLOOR HEATING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 91 NORTH AMERICA: UNDERFLOOR HEATING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 92 NORTH AMERICA: UNDERFLOOR HEATING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 93 NORTH AMERICA: UNDERFLOOR HEATING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             13.2.2 US
                        13.2.2.1 Increased consumer awareness and need for energy efficiency
             13.2.3 CANADA
                        13.2.3.1 Technological advancements and expanding construction industry
             13.2.4 MEXICO
                        13.2.4.1 Growing adoption attributed to comfort and energy efficiency
     13.3 EUROPE 
             13.3.1 EUROPE: RECESSION IMPACT
                        FIGURE 50 EUROPE: SNAPSHOT OF UNDERFLOOR HEATING MARKET
                        TABLE 94 EUROPE: UNDERFLOOR HEATING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 95 EUROPE: UNDERFLOOR HEATING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 96 EUROPE: UNDERFLOOR HEATING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 97 EUROPE: UNDERFLOOR HEATING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             13.3.2 UK
                        13.3.2.1 Excellent aesthetics and affordability
             13.3.3 GERMANY
                        13.3.3.1 Presence of established infrastructure and growing demand for efficient heating solutions
             13.3.4 FRANCE
                        13.3.4.1 Increasing new construction projects and renovation activities
             13.3.5 BELGIUM
                        13.3.5.1 Government-led incentives and technological advancements
             13.3.6 NETHERLANDS
                        13.3.6.1 Rising focus on sustainability
             13.3.7 ITALY
                        13.3.7.1 Rising demand for energy-efficient underfloor heating systems
             13.3.8 POLAND
                        13.3.8.1 Presence of EU regional operational programs
             13.3.9 REST OF EUROPE
     13.4 ASIA PACIFIC 
             13.4.1 ASIA PACIFIC: RECESSION IMPACT
                        FIGURE 51 ASIA PACIFIC: SNAPSHOT OF UNDERFLOOR HEATING MARKET
                        TABLE 98 ASIA PACIFIC: UNDERFLOOR HEATING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 99 ASIA PACIFIC: UNDERFLOOR HEATING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 100 ASIA PACIFIC: UNDERFLOOR HEATING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 101 ASIA PACIFIC: UNDERFLOOR HEATING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             13.4.2 CHINA
                        13.4.2.1 Growing urbanization and need for reducing greenhouse gas emissions
             13.4.3 JAPAN
                        13.4.3.1 Increasing demand for modern heating solutions
             13.4.4 SOUTH KOREA
                        13.4.4.1 High preference for floor heating due to extremely cold and dry weather
             13.4.5 REST OF ASIA PACIFIC
     13.5 ROW 
             13.5.1 ROW: RECESSION IMPACT
                        FIGURE 52 MIDDLE EAST & AFRICA TO REGISTER HIGHER CAGR IN ROW UNDERFLOOR HEATING MARKET DURING FORECAST PERIOD
                        TABLE 102 ROW: UNDERFLOOR HEATING MARKET, BY REGION, 2019–2022 (USD BILLION)
                        TABLE 103 ROW: UNDERFLOOR HEATING MARKET, BY REGION, 2023–2028 (USD BILLION)
                        TABLE 104 ROW: UNDERFLOOR HEATING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 105 ROW: UNDERFLOOR HEATING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             13.5.2 MIDDLE EAST & AFRICA
                        13.5.2.1 Increasing premium real estate properties
             13.5.3 SOUTH AMERICA
                        13.5.3.1 Rising awareness regarding benefits of underfloor heating systems
 
14 COMPETITIVE LANDSCAPE (Page No. - 147)
     14.1 OVERVIEW 
             TABLE 106 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS
     14.2 REVENUE ANALYSIS, 2019–2022 
             FIGURE 53 UNDERFLOOR HEATING MARKET REVENUE ANALYSIS, 2019–2022
     14.3 MARKET SHARE ANALYSIS, 2022 
             TABLE 107 UNDERFLOOR HEATING MARKET: DEGREE OF COMPETITION
             FIGURE 54 UNDERFLOOR HEATING MARKET: MARKET SHARE ANALYSIS, 2022
     14.4 COMPETITIVE EVALUATION MATRIX, 2022 
             14.4.1 STARS
             14.4.2 EMERGING LEADERS
             14.4.3 PERVASIVE PLAYERS
             14.4.4 PARTICIPANTS
                        FIGURE 55 UNDERFLOOR HEATING MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2022
     14.5 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022 
             14.5.1 PROGRESSIVE COMPANIES
             14.5.2 RESPONSIVE COMPANIES
             14.5.3 DYNAMIC COMPANIES
             14.5.4 STARTING BLOCKS
                        FIGURE 56 UNDERFLOOR HEATING MARKET: STARTUPS/SMES EVALUATION MATRIX, 2022
     14.6 COMPANY FOOTPRINT 
             TABLE 108 PRODUCT TYPE: COMPANY FOOTPRINT
             TABLE 109 APPLICATION: COMPANY FOOTPRINT
             TABLE 110 REGION: COMPANY FOOTPRINT
             TABLE 111 COMPANY FOOTPRINT
     14.7 COMPETITIVE BENCHMARKING 
             14.7.1 DETAILED LIST OF KEY STARTUPS/SMES
                        TABLE 112 UNDERFLOOR HEATING MARKET: KEY STARTUPS/SMES
             14.7.2 UNDERFLOOR HEATING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY PRODUCT TYPE
                        TABLE 113 PRODUCT TYPE: STARTUPS/SMES FOOTPRINT
             14.7.3 UNDERFLOOR HEATING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY APPLICATION
                        TABLE 114 APPLICATION: STARTUPS/SMES FOOTPRINT
             14.7.4 UNDERFLOOR HEATING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY REGION
                        TABLE 115 REGION: STARTUPS/SMES FOOTPRINT
     14.8 COMPETITIVE SCENARIOS AND TRENDS 
             14.8.1 PRODUCT LAUNCHES
                        TABLE 116 UNDERFLOOR HEATING MARKET: PRODUCT LAUNCHES, JANUARY 2021–MAY 2023
             14.8.2 DEALS
                        TABLE 117 UNDERFLOOR HEATING MARKET: DEALS, JANUARY 2021–MAY 2023
 
15 COMPANY PROFILES (Page No. - 163)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*  
     15.1 KEY PLAYERS 
             15.1.1 UPONOR CORPORATION
                        TABLE 118 UPONOR CORPORATION: COMPANY OVERVIEW
                        FIGURE 57 UPONOR CORPORATION: COMPANY SNAPSHOT
                        TABLE 119 UPONOR CORPORATION: PRODUCT/SOLUTION/SERVICE OFFERINGS
                        TABLE 120 UPONOR CORPORATION: DEALS
             15.1.2 RESIDEO TECHNOLOGIES INC.
                        TABLE 121 RESIDEO TECHNOLOGIES INC.: COMPANY OVERVIEW
                        FIGURE 58 RESIDEO TECHNOLOGIES INC.: COMPANY SNAPSHOT
                        TABLE 122 RESIDEO TECHNOLOGIES INC.: PRODUCT/SOLUTION/SERVICE OFFERINGS
                        TABLE 123 RESIDEO TECHNOLOGIES INC.: PRODUCT LAUNCHES
                        TABLE 124 RESIDEO TECHNOLOGIES INC.: DEALS
             15.1.3 NVENT
                        TABLE 125 NVENT: COMPANY OVERVIEW
                        FIGURE 59 NVENT: COMPANY SNAPSHOT
                        TABLE 126 NVENT: PRODUCT/SOLUTION/SERVICE OFFERINGS
                        TABLE 127 NVENT: PRODUCT LAUNCHES
                        TABLE 128 NVENT: DEALS
             15.1.4 WARMUP
                        TABLE 129 WARMUP: COMPANY OVERVIEW
                        TABLE 130 WARMUP: PRODUCT/SOLUTION/SERVICE OFFERINGS
                        TABLE 131 WARMUP: DEALS
             15.1.5 REHAU LTD
                        TABLE 132 REHAU LTD: COMPANY OVERVIEW
                        FIGURE 60 REHAU LTD: COMPANY SNAPSHOT
                        TABLE 133 REHAU LTD: PRODUCT/SOLUTION/SERVICE OFFERINGS
                        TABLE 134 REHAU LTD: PRODUCT LAUNCHES
             15.1.6 EMERSON ELECTRIC CO.
                        TABLE 135 EMERSON ELECTRIC CO.: COMPANY OVERVIEW
                        FIGURE 61 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
                        TABLE 136 EMERSON ELECTRIC CO.: PRODUCT/SOLUTION/SERVICE OFFERINGS
             15.1.7 ROBERT BOSCH GMBH
                        TABLE 137 ROBERT BOSCH GMBH: COMPANY OVERVIEW
                        FIGURE 62 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
                        TABLE 138 ROBERT BOSCH GMBH: PRODUCT/SOLUTION/SERVICE OFFERINGS
             15.1.8 DANFOSS
                        TABLE 139 DANFOSS: COMPANY OVERVIEW
                        FIGURE 63 DANFOSS: COMPANY SNAPSHOT
                        TABLE 140 DANFOSS: PRODUCT/SOLUTION/SERVICE OFFERINGS
                        TABLE 141 DANFOSS: PRODUCT LAUNCHES
             15.1.9 MITSUBISHI ELECTRIC CORPORATION
                        TABLE 142 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW
                        FIGURE 64 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
                        TABLE 143 MITSUBISHI ELECTRIC CORPORATION: PRODUCT/SOLUTION/SERVICE OFFERINGS
             15.1.10 SIEMENS AG
                        TABLE 144 SIEMENS AG: COMPANY OVERVIEW
                        FIGURE 65 SIEMENS AG: COMPANY SNAPSHOT
                        TABLE 145 SIEMENS AG: PRODUCT/SOLUTION/SERVICE OFFERINGS
             15.1.11 SCHNEIDER ELECTRIC
                        TABLE 146 SCHNEIDER ELECTRIC: COMPANY OVERVIEW
                        FIGURE 66 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
                        TABLE 147 SCHNEIDER ELECTRIC: PRODUCT/SOLUTION/SERVICE OFFERINGS
             15.1.12 INCOGNITO HEAT CO.
                        TABLE 148 INCOGNITO HEAT CO.: COMPANY OVERVIEW
                        TABLE 149 IDEC CORPORATION: PRODUCT/SOLUTION/SERVICE OFFERINGS
     15.2 OTHER PLAYERS 
             15.2.1 MYSON
             15.2.2 THERMOSOFT INTERNATIONAL CORPORATION
             15.2.3 FLEXEL INTERNATIONAL
             15.2.4 NEXANS
             15.2.5 AMUHEAT
             15.2.6 ESI HEATING AND COOLING
             15.2.7 JANES RADIANT
             15.2.8 WARMAFLOOR
             15.2.9 RAYOTEC LTD
             15.2.10 RBT UNDERFLOOR LTD
             15.2.11 UHEAT
             15.2.12 SOLFEX LTD
             15.2.13 SCHLUTER-SYSTEMS
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.  
 
16 APPENDIX (Page No. - 205)
     16.1 INSIGHTS FROM INDUSTRY EXPERTS 
     16.2 DISCUSSION GUIDE 
     16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     16.4 CUSTOMIZATION OPTIONS 
     16.5 RELATED REPORTS 
     16.6 AUTHOR DETAILS 
 

 

The study involves four major activities for estimating the size of the Underfloor heating market. Exhaustive secondary research has been conducted to collect information related to the market. The next step is to validate these findings and assumptions related to the market size with industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the overall size of the Underfloor heating market. After that, market breakdown and data triangulation procedures were used to determine the extent of different segments and subsegments of the market.

Secondary Research

Secondary sources for this research study included corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; certified publications; articles by recognized authors; directories; and databases. The secondary data has been collected and analyzed to determine the overall market size, further validated through primary research.

Primary Research

Extensive primary research has been conducted after gaining knowledge about the current scenario of the Underfloor heating market through secondary research. Several primary interviews have been conducted with experts from the demand and supply sides across four major regions—Americas, Europe, Asia Pacific, and RoW. This primary data has been collected through questionnaires, emails, and telephonic interviews.

Underfloor Heating Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, top-down and bottom-up approaches and several data triangulation methods have been implemented to estimate and validate the size of the Underfloor heating market and other dependent submarkets listed in this report.

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The supply chain of the industry and the market size, in terms of value, have been determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Underfloor Heating Market: Top-Down Approach

  • In the top-down approach, the overall market size has been used to estimate the size of the individual markets (mentioned in the market segmentation) through percentage splits obtained from secondary and primary research.
  •  For calculating the Underfloor heating market segments, the market size obtained by implementing the bottom-up approach has been used to implement the top-down approach, which was later confirmed with the primary respondents across different regions.
  • The bottom-up approach has also been implemented for the data extracted from secondary research to validate the market size of various segments.
  • Each company’s market share has been estimated to verify the revenue shares used earlier in the bottom-up approach. With the help of data triangulation and validation of data through primaries, the size of the overall Underfloor heating and each market have been determined and confirmed in this study.

Underfloor Heating Market Size, and Top-Down Approach

Data Triangulation

After arriving at the overall market size, the total market has been split into several segments. The market breakdown and data triangulation procedures have been employed wherever applicable to complete the overall market engineering process and arrive at exact statistics for all segments. The data was then triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Market Definition

An underfloor heating (UFH) system is a central heating system that controls the indoor climate for thermal comfort using the principle of conduction, radiation, and convection. The underfloor heating market includes hydronic and electric underfloor heating systems. The hydronic UFH systems rely on hot water for in-floor heating, whereas the electric UFH systems use electricity for their operations. Underfloor heating systems have many advantages over radiator heating systems and have become a viable method of space heating.

The Underfloor heating market is consolidated, with a few players holding a significant market share. The companies in the Underfloor heating ecosystem are highly focused on strengthening their positions and increasing their market shares. 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), and Incognito Heat Co. (Scotland).

Key Stakeholders

  • Original equipment manufacturers (OEMs)
  • Providers of technology solutions
  • Research institutes
  • Market research and consulting firms
  • Forums, alliances, and associations related to Underfloor heating
  • Technology investors
  • Governments and financial institutions
  • Analysts and strategic business planners
  • Existing end users and prospective ones

Report Objectives:

  • To describe and forecast the Underfloor heating market in terms of value based on offerings, By product type, Installation type, and application
  • To describe and forecast the Underfloor heating market size in terms of value for 4 main regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW)
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the Underfloor heating market
  • To provide a detailed overview of the supply chain of the ecosystem
  • To analyze opportunities in the market for various stakeholders by identifying the high-growth segments of the market
  • To analyze the probable impact of the recession on the market in future
  • To benchmark the market players using the proprietary company evaluation matrix framework, which analyzes the market players on various parameters within the broad categories of market ranking/share and product portfolio.
  • To analyze competitive developments such as acquisitions, product launches, partnerships, expansions, and collaborations undertaken in the Underfloor heating market

Available Customization

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for this report:

Company Information:

  • Detailed analysis and profiling of additional five market players
Custom Market Research Services

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Report Code
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Published ON
Jun, 2023
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