Underfloor Heating Market

Underfloor Heating Market by Offering (Hardware, Services), Subsystem (Heating System, Control System), System Type (Hydronic, Electric), Application (Residential, Commercial, Industrial), Component, Installation Type, Region - Global Forecast to 2025

Report Code: SE 3674 Apr, 2020, by marketsandmarkets.com
COVID-19

Get in-depth analysis of the COVID-19 impact on the Underfloor Heating Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Underfloor Heating Market

Request For Special Pricing

The global underfloor heating market is estimated to grow from USD 4.6 billion in 2020 to USD 6.6 billion by 2025, at a CAGR of 7.3%. Key factors fueling the growth of this market include the high demand for cost-effective heating solutions, strong government support and incentives for the adoption of underfloor heating solutions, awareness regarding underfloor heating, and a high level for comfort and flexibility offered by underfloor heating systems.

Underfloor Heating Market

Hardware segment accounted for larger share of underfloor heating market, by offering, in 2019

Hardware offerings accounted for the largest share of the underfloor heating market. Hardware components mainly include heating pipes, heating cables, distribution units, sensors, and control interfaces. The rising adoption of underfloor heating systems in residential and commercial applications in both newly-built and retrofitted properties is expected to boost the growth of the market further.

Manifolds accounted for largest share of underfloor heating market, by component, in 2019

Manifolds accounted for the largest share of the underfloor heating market. Manifolds are important because they connect the underfloor heating circuits to the heat source, which can be a boiler, heat pump, or other heat sources. Manifolds are responsible for circulating water from the boiler to the pipes while controlling the pressure, flow rates, and the temperature.

New installations accounted for larger share of underfloor heating market in 2019

New installations held a larger share of the underfloor heating market in 2019, and a similar trend is likely to be observed during the forecast period mainly because of various new legislation in many developed nations that promote the use of energy-efficient technologies. Underfloor heating systems also reduce installation costs in new builds where developers use on-site laborers to install basic systems and specialist contractors to commission and connect electric systems and boilers.

Hydronic heating subsystems accounted for larger share of underfloor heating market in 2019

There are 2-types of underfloor heating systems—wet/hydronic and dry/electric. Heating subsystems consist of pipes, cables, and distribution units. The distribution unit is expected to hold a larger share of the underfloor heating market, while the market for pipes and cables is expected to grow at the highest CAGR. Distribution units are responsible for transporting the hot working fluid from the heating system to the heat exchangers and back to the heating system.

Residential application dominated underfloor heating market in 2019

In 2019, the residential application dominated the underfloor heating market. The high growth of the residential market can be attributed to the growing awareness about the benefits of underfloor heating systems used in residential properties. The high growth rate of market for the residential application is mainly due to the growth of refurbishment activity in many developed nations. Underfloor heating is considered to be ideal for new builds and also becoming more popular for renovations because of new product innovations in this area. The growth of the trend toward contemporary design has motivated consumers to create a clean and uncluttered look throughout their home. Also, the favorable government regulations and tax credit facilities on the installation of energy-efficient systems and the growing concerns toward energy saving and minimizing costs related to energy consumption have significantly contributed to the growth of market in the residential applications.

Underfloor Heating Market

Europe held major share of underfloor heating market in 2019

The European market is growing rapidly because it is moving toward a low-carbon economy and because of the increased awareness about environmental and energy-efficiency concerns. Also, higher levels of insulation, driven by regulatory requirements and government initiatives, are contributing to a reduction in the heating load, making underfloor heating a more practical and efficient heating solution in Europe.

Key Market Players

Uponor (Finland), Honeywell (US), nVent Electric (UK), Warmup (UK), Rehau (Switzerland), Emerson (US), Robert Bosch (Germany), Danfoss (Denmark), Pentair (US), Mitsubishi Electric (Japan), Siemens (Germany), Schneider Electric (France), Myson (UK), Thermosoft International (US), Flexel International (UK), Nexans (France), Amuheat (Australia), ESI Heating and Cooling (US), Janes Radiant (US), and Incognito (UK) are a few major companies operating in the underfloor heating market. These companies have adopted both organic and inorganic growth strategies such as product launches and developments, partnerships, agreements, contracts, and mergers and acquisitions to strengthen their position in the market.

Major Market Developments

  1. In January 2020, nVent expanded its alliance with MAPEI, a global leader in the manufacturing of mortars, grouts, adhesives, and chemicals for the building industry. nVent and MAPEI collaborated to develop MAPEI Mapeheat for the US flooring channel. Mapeheat Mat, Mapeheat Membrane, Mapeheat Cable, and Mapeheat Thermostats are a few more products that are likely to be manufactured through this alliance.
  2. In March 2019, Uponor launched Phyn Plus - smart water assistant + shutoff, which is aimed to reduce water usage.
  3. In September 2019, Honeywell carried out a series of tests to establish the energy-saving benefits of thermostatic radiator valves (TRVs). The tests were carried out independently by the University of Salford and commissioned by BEAMA Heating Controls, the UK association for the manufacturers of controls used in heating and hot water systems, and for wider control of the internal environment of residential buildings.
  4. In September 2019, Warmup partnered with Material Bank—an architectural and design-focused material resource library. With this partnership, designers can search and sample materials in a faster way.
  5. In October 2019, Rehau launched the RAUTITAN heating and plumbing system and RAUPIANO pipework system at the Specifi London building services event.

Key Questions Addressed by the Report

  1. Where will all these developments take the industry in the mid-to-long term?
  2. What are the upcoming trends in the underfloor heating market?
  3. What are the opportunities for the existing players and for those who are planning to enter various stages of the underfloor heating value chain?
  4. How the adoption of inorganic growth strategies, such as acquisitions and partnerships, will have a positive impact on the growth of market? Which players are likely to adopt these strategies in the near future to create a position or increase share in this market?
  5. What are the emerging applications of underfloor heating products?

 

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 18)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
    1.3 SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 MARKET STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 21)
    2.1 RESEARCH DATA
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for capturing market size by bottom-up analysis (demand side)
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for capturing market share by top-down analysis (supply side)
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 30)

4 PREMIUM INSIGHTS (Page No. - 34)
    4.1 ATTRACTIVE OPPORTUNITIES IN MARKET
    4.2 MARKET, BY APPLICATION AND COUNTRY
    4.3 COUNTRY-WISE UNDERFLOOR HEATING MARKET

5 MARKET OVERVIEW (Page No. - 36)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 High demand for cost-effective heating solutions
                    5.2.1.2 Strong government support and incentives for the development and adoption of energy-efficient heating solutions
                    5.2.1.3 Stringent building codes to reduce overall energy consumption
                    5.2.1.4 High level of comfort and flexibility offered by underfloor heating systems
           5.2.2 RESTRAINTS
                    5.2.2.1 Slower response time of underfloor heating systems than radiator systems
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Technological advancements and rapid digitalization in underfloor heating
                    5.2.3.2 Growing environmental concerns and an increasing number of efficiency standards
                    5.2.3.3 Increasing deployment of IoT-enabled underfloor heating systems in smart homes
           5.2.4 CHALLENGES
                    5.2.4.1 Difficulties faced during system installation and regular maintenance of all system components
    5.3 COVID-19 IMPACT ON UNDERFLOOR HEATING MARKET

6 TYPES OF FLOOR COVERINGS (Page No. - 43)
    6.1 INTRODUCTION
    6.2 TILES, STONES, AND POLISHED SCREED
    6.3 WOOD FLOORING
    6.4 LAMINATE FLOORING
    6.5 VINYL FLOORING
    6.6 RUBBER AND CARPET FLOORING

7 UNDERFLOOR HEATING MARKET, BY COMPONENT (Page No. - 47)
    7.1 INTRODUCTION
    7.2 ELECTRIC SYSTEM COMPONENTS
           7.2.1 HEATING CABLES
                    7.2.1.1 Heating cables are either laid in screed or beneath tiled floor
           7.2.2 HEATING MATS
                    7.2.2.1 Heating mats find importance in DIY-based underfloor heating systems
           7.2.3 SENSORS AND THERMOSTATS
                    7.2.3.1 Sensors and thermostats are used to monitor and maintain floor temperature at highest efficiency
    7.3 HYDRONIC SYSTEM COMPONENTS
           7.3.1 HEATING PIPES
                    7.3.1.1 Heating pipes are installed within floor structure
           7.3.2 MANIFOLDS
                    7.3.2.1 Manifolds enable temperature control in different rooms by opening and closing valves according to requirement
           7.3.3 SENSORS AND THERMOSTATS
                    7.3.3.1 Sensors and thermostats can control water flow and temperature of underfloor heating pipe

8 UNDERFLOOR HEATING MARKET, BY SUBSYSTEM (Page No. - 52)
    8.1 INTRODUCTION
    8.2 HEATING SYSTEMS
           8.2.1 PIPES AND CABLES
                    8.2.1.1 Pipes and cables are required to transfer heat to floor
           8.2.2 DISTRIBUTION UNITS
                    8.2.2.1 Distribution units transmit hot water from heating system to heat exchanger and back to heating system
    8.3 CONTROL SYSTEMS
           8.3.1 SENSORS
                    8.3.1.1 Sensors are used to measure temperature of underfloor heating systems
           8.3.2 CONTROL INTERFACES
                    8.3.2.1 Control interfaces are centrally located panels that can control thermostats

9 UNDERFLOOR HEATING MARKET, BY SYSTEM TYPE (Page No. - 56)
    9.1 INTRODUCTION
    9.2 DRY/ELECTRIC
           9.2.1 DRY/ELECTRIC UNDERFLOOR HEATING IS USED MAINLY FOR SMALLER SPACES
    9.3 WET/HYDRONIC
           9.3.1 WET/HYDRONIC UNDERFLOOR HEATING SYSTEM PROVIDES CONSTANT HEAT FOR LONGER PERIOD

10 UNDERFLOOR HEATING MARKET, BY OFFERING (Page No. - 73)
     10.1 INTRODUCTION
     10.2 HARDWARE
             10.2.1 HARDWARE FOR WET/HYDRONIC SYSTEMS WOULD DRIVE MARKET GROWTH
     10.3 SERVICES
             10.3.1 MARKET FOR SERVICES IS DRIVEN BY RESIDENTIAL APPLICATION

11 UNDERFLOOR HEATING MARKET, BY INSTALLATION TYPE (Page No. - 78)
     11.1 INTRODUCTION
     11.2 NEW INSTALLATIONS
             11.2.1 HIGHER ADOPTION OF UNDERFLOOR HEATING SYSTEMS IN NEW INFRASTRUCTURES DUE TO ENERGY EFFICIENCY STANDARDS LAID BY GOVERNMENT
     11.3 RETROFIT INSTALLATIONS
             11.3.1 HIGH ADOPTION OF HYDRONIC UNDERFLOOR HEATING SYSTEMS IN COMPLETE RENOVATION PROJECTS

12 UNDERFLOOR HEATING MARKET, BY APPLICATION (Page No. - 82)
     12.1 INTRODUCTION
     12.2 RESIDENTIAL
             12.2.1 SINGLE-FAMILY HOUSE
                       12.2.1.1 Water-based underfloor heating and cooling system is preferred for single-family houses
             12.2.2 APARTMENT
                       12.2.2.1 Underfloor heating is increasingly been used in new house buildings
     12.3 COMMERCIAL
             12.3.1 RETAIL
                       12.3.1.1 Rising adoption of smart thermostats in retail would fuel market growth
             12.3.2 TRANSPORTATION AND LOGISTICS
                       12.3.2.1 Growing implementation of underfloor heating in commercial areas such as airports and train stations
             12.3.3 HOSPITALITY
                       12.3.3.1 Rising adoption of underfloor heating systems in hotels
     12.4 EDUCATIONAL
             12.4.1 HIGH DEMAND FOR UNDERFLOOR HEATING IN EDUCATIONAL SECTOR DUE TO REDUCED RISK OF INJURY
     12.5 HEALTHCARE
             12.5.1 UNDERFLOOR HEATING SYSTEM IS SIMPLE, SAFE, ENERGY-EFFICIENT, LOW-MAINTENANCE, AND HYGIENIC HEATING SOLUTION FOR HEALTHCARE SECTOR
     12.6 SPORTS & ENTERTAINMENT
             12.6.1 UNDERFLOOR HEATING SYSTEMS ARE USED IN SPORTS FIELD AS THEY ARE WARMER THAN ANY OTHER HEATING SOURCES
     12.7 INDUSTRIAL
             12.7.1 UNDERFLOOR HEATING SYSTEMS ARE USED IN FACTORIES, AIRCRAFT HANGARS, HIGH-SPEED TRAIN DEPOTS, SPARE PART DEPOTS, GAS STATIONS, CAR WASH CENTERS, AND CALL CENTERS
     12.8 OTHERS
             12.8.1 WIDE ADOPTION OF UNDERFLOOR HEATING SYSTEMS IN TELECOMMUNICATIONS, INFORMATION TECHNOLOGY, PUBLIC UTILITIES, AND MEDIA SECTORS

13 UNDERFLOOR HEATING MARKET, BY REGION (Page No. - 93)
     13.1 INTRODUCTION
     13.2 NORTH AMERICA
             13.2.1 US
                       13.2.1.1 Efficient use of energy to play crucial role in increasing deployment of underfloor heating systems
             13.2.2 CANADA
                       13.2.2.1 Increasing awareness among public regarding underfloor heating
             13.2.3 MEXICO
                       13.2.3.1 Rising inclination toward sustainable buildings
     13.3 EUROPE
             13.3.1 UK
                       13.3.1.1 Increased adoption of underfloor heating systems in UK due to regulations imposed by government to reduce carbon emissions
             13.3.2 GERMANY
                       13.3.2.1 High deployment of underfloor heating systems in residential buildings
             13.3.3 RUSSIA
                       13.3.3.1 Strong need to employ energy-efficient solutions to support energy saving in Russia
             13.3.4 FRANCE
                       13.3.4.1 Supportive government initiatives to reduce carbon footprints
             13.3.5 NORDIC COUNTRIES
                       13.3.5.1 Stringent regulatory policies to reduce carbon footprint
             13.3.6 REST OF EUROPE
     13.4 APAC
             13.4.1 CHINA
                       13.4.1.1 Real estate sector to drive demand for underfloor heating systems
             13.4.2 JAPAN
                       13.4.2.1 Residential and commercial buildings to foster market growth
             13.4.3 SOUTH KOREA
                       13.4.3.1 Deployment of underfloor heating systems in new dwellings to propel market growth
             13.4.4 REST OF APAC
     13.5 REST OF THE WORLD (ROW)
             13.5.1 MIDDLE EAST AND AFRICA
                       13.5.1.1 Middle Eastern market growth is driven by premium real estate properties
             13.5.2 SOUTH AMERICA
                       13.5.2.1 Awareness about benefits offered by underfloor heating solutions stimulate their demand

14 COMPETITIVE LANDSCAPE (Page No. - 111)
     14.1 OVERVIEW
     14.2 MARKET RANKING ANALYSIS
             14.2.1 PRODUCT LAUNCHES
             14.2.2 AGREEMENTS AND PARTNERSHIPS
             14.2.3 ACQUISITIONS
             14.2.4 EXPANSIONS
     14.3 COMPETITIVE LEADERSHIP MAPPING
             14.3.1 VISIONARY LEADERS
             14.3.2 INNOVATORS
             14.3.3 DYNAMIC DIFFERENTIATORS
             14.3.4 EMERGING PLAYERS

15 COMPANY PROFILES (Page No. - 117)
     15.1 KEY PLAYERS
(Business Overview, Products/Solutions Offered, Recent Developments, SWOT Analysis, and MnM View)*
             15.1.1 UPONOR
             15.1.2 HONEYWELL
             15.1.3 NVENT ELECTRIC PLC
             15.1.4 WARMUP
             15.1.5 REHAU
             15.1.6 EMERSON
             15.1.7 ROBERT BOSCH
             15.1.8 DANFOSS
             15.1.9 PENTAIR
             15.1.10 MITSUBISHI ELECTRIC
             15.1.11 SIEMENS
             15.1.12 SCHNEIDER ELECTRIC
* Business Overview, Products/Solutions Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
     15.2 OTHER KEY 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 INCOGNITO HEAT CO.

16 APPENDIX (Page No. - 151)
     16.1 DISCUSSION GUIDE
     16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     16.3 AVAILABLE CUSTOMIZATIONS
     16.4 RELATED REPORTS
     16.5 AUTHOR DETAILS


LIST OF TABLES (88 Tables)

TABLE 1 COMPARISON OF TYPES OF FLOOR COVERINGS
TABLE 2 ADVANTAGES OF TILES, STONES, AND POLISHED SCREED TYPES OF FLOOR COVERINGS
TABLE 3 ADVANTAGES OF WOODEN FLOORING
TABLE 4 UNDERFLOOR HEATING MARKET, BY COMPONENT, 2017–2025 (USD MILLION)
TABLE 5 ELECTRIC : MARKET, BY COMPONENT, 2017–2025 (USD MILLION)
TABLE 6 HYDRONIC : MARKET, BY COMPONENT, 2017–2025 (USD MILLION)
TABLE 7 MARKET, BY SUBSYSTEM, 2017–2025 (USD MILLION)
TABLE 8 MARKET, BY HEATING SYSTEM, 2017–2025 (USD MILLION)
TABLE 9 MARKET, BY CONTROL SYSTEM, 2017–2025 (USD MILLION)
TABLE 10 MARKET, BY SYSTEM TYPE, 2017–2025 (USD MILLION)
TABLE 11 ELECTRIC MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 12 ELECTRIC MARKET FOR HARDWARE OFFERINGS, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 13 NEW INSTALLATION ELECTRIC MARKET FOR HARDWARE OFFERINGS, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 14 RETROFIT INSTALLATION ELECTRIC MARKET FOR HARDWARE OFFERINGS, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 15 ELECTRIC : MARKET FOR SERVICE OFFERINGS, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 16 MARKET FOR HARDWARE OFFERINGS IN RESIDENTIAL APPLICATION, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)
TABLE 17 MARKET FOR RESIDENTIAL APPLICATION, BY OFFERING, 2017–2025 (USD MILLION)
TABLE 18 MARKET FOR HARDWARE OFFERINGS IN COMMERCIAL APPLICATION, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)
TABLE 19 MARKET FOR COMMERCIAL APPLICATION, BY OFFERING, 2017–2025 (USD MILLION)
TABLE 20 MARKET FOR HARDWARE OFFERINGS IN EDUCATIONAL APPLICATION, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)
TABLE 21 ELECTRIC MARKET FOR EDUCATIONAL APPLICATION, BY OFFERING, 2017–2025 (USD MILLION)
TABLE 22 MARKET FOR HARDWARE OFFERINGS IN HEALTHCARE APPLICATION, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)
TABLE 23 MARKET FOR HEALTHCARE APPLICATION, BY OFFERING, 2017–2025 (USD MILLION)
TABLE 24 MARKET FOR HARDWARE OFFERINGS IN SPORTS & ENTERTAINMENT APPLICATION, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)
TABLE 25 MARKET FOR SPORTS & ENTERTAINMENT APPLICATION, BY OFFERING, 2017–2025 (USD MILLION)
TABLE 26 ELECTRIC MARKET FOR HARDWARE OFFERINGS IN INDUSTRIAL APPLICATION, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)
TABLE 27 MARKET FOR INDUSTRIAL APPLICATION, BY OFFERING, 2017–2025 (USD MILLION)
TABLE 28 MARKET FOR HARDWARE OFFERINGS IN OTHER APPLICATION, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)
TABLE 29 MARKET FOR OTHER APPLICATIONS, BY OFFERING, 2017–2025 (USD MILLION)
TABLE 30 ELECTRIC MARKET, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)
TABLE 31 HYDRONIC UNDERFLOOR HEATING MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 32 HYDRONIC : MARKET FOR HARDWARE OFFERINGS, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 33 NEW INSTALLATION HYDRONIC MARKET FOR HARDWARE OFFERINGS, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 34 RETROFIT INSTALLATION HYDRONIC MARKET FOR HARDWARE OFFERINGS, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 35 HYDRONIC MARKET FOR SERVICE OFFERINGS, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 36 HYDRONIC MARKET FOR HARDWARE OFFERINGS IN RESIDENTIAL APPLICATION, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)
TABLE 37 HYDRONIC MARKET FOR RESIDENTIAL APPLICATION, BY OFFERING, 2017–2025 (USD MILLION)
TABLE 38 HYDRONIC UNDERFLOOR HEATING MARKET FOR HARDWARE OFFERINGS IN COMMERCIAL APPLICATION, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)
TABLE 39 MARKET FOR COMMERCIAL APPLICATION, BY OFFERING, 2017–2025 (USD MILLION)
TABLE 40 MARKET FOR HARDWARE OFFERINGS IN EDUCATIONAL APPLICATION, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)
TABLE 41 MARKET FOR EDUCATIONAL APPLICATION, BY OFFERING, 2017–2025 (USD MILLION)
TABLE 42 MARKET FOR HARDWARE OFFERINGS IN HEALTHCARE APPLICATION, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)
TABLE 43 MARKET FOR HEALTHCARE APPLICATION, BY OFFERING, 2017–2025 (USD MILLION)
TABLE 44 HYDRONIC UNDERFLOOR HEATING MARKET FOR HARDWARE OFFERINGS IN SPORTS & ENTERTAINMENT APPLICATION, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)
TABLE 45 MARKET FOR SPORTS & ENTERTAINMENT APPLICATION, BY OFFERING, 2017–2025 (USD MILLION)
TABLE 46 MARKET FOR HARDWARE OFFERINGS IN INDUSTRIAL APPLICATION, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)
TABLE 47 MARKET FOR INDUSTRIAL APPLICATION, BY OFFERING, 2017–2025 (USD MILLION)
TABLE 48 MARKET FOR HARDWARE OFFERINGS IN OTHER APPLICATIONS, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)
TABLE 49 MARKET FOR OTHER APPLICATIONS, BY OFFERING, 2017–2025 (USD MILLION)
TABLE 50 HYDRONIC : UNDERFLOOR HEATING MARKET, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)
TABLE 51 MARKET, BY OFFERING, 2017–2025 (USD MILLION)
TABLE 52 MARKET FOR HARDWARE OFFERINGS, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)
TABLE 53 MARKET FOR HARDWARE OFFERINGS, BY REGION, 2017–2025 (USD MILLION)
TABLE 54 MARKET, BY SERVICE TYPE, 2017–2025 (USD MILLION)
TABLE 55 UNDERFLOOR HEATING SERVICE MARKET, BY SYSTEM TYPE, 2017–2025 (USD MILLION)
TABLE 56 MARKET FOR SERVICE OFFERINGS, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)
TABLE 57 MARKET FOR SERVICE OFFERINGS, BY REGION, 2017–2025 (USD MILLION)
TABLE 58 MARKET, BY INSTALLATION TYPE, 2017–2025 (USD MILLION)
TABLE 59 UNDERFLOOR HEATING MARKET FOR NEW INSTALLATIONS, BY OFFERING, 2017–2025 (USD MILLION)
TABLE 60 MARKET FOR RETROFIT INSTALLATIONS, BY OFFERING, 2017–2025 (USD MILLION)
TABLE 61 MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 62 MARKET FOR RESIDENTIAL APPLICATION, BY SYSTEM TYPE, 2017–2025 (USD MILLION)
TABLE 63 MARKET FOR RESIDENTIAL APPLICATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 64 MARKET FOR COMMERCIAL APPLICATION, BY SYSTEM TYPE, 2017–2025 (USD MILLION)
TABLE 65 MARKET FOR COMMERCIAL APPLICATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 66 MARKET FOR EDUCATIONAL APPLICATION, BY SYSTEM TYPE, 2017–2025 (USD MILLION)
TABLE 67 MARKET FOR EDUCATIONAL APPLICATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 68 MARKET FOR HEALTHCARE APPLICATION, BY SYSTEM TYPE, 2017–2025 (USD MILLION)
TABLE 69 UNDERFLOOR HEATING MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 70 MARKET FOR SPORTS & ENTERTAINMENT APPLICATION, BY SYSTEM TYPE, 2017–2025 (USD MILLION)
TABLE 71 MARKET FOR SPORTS & ENTERTAINMENT APPLICATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 72 MARKET FOR INDUSTRIAL APPLICATION, BY SYSTEM TYPE, 2017–2025 (USD MILLION)
TABLE 73 MARKET FOR INDUSTRIAL APPLICATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 74 MARKET FOR OTHER APPLICATIONS, BY SYSTEM TYPE, 2017–2025 (USD MILLION)
TABLE 75 MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2025 (USD MILLION)
TABLE 76 MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 77 MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 78 MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 79 MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 80 UNDERFLOOR HEATING MARKET IN EUROPE, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 81 MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 82 MARKET IN APAC, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 83 MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
TABLE 84 MARKET, IN ROW, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 85 PRODUCT LAUNCHES, 2019 TO 2020
TABLE 86 AGREEMENTS AND PARTNERSHIPS, 2019
TABLE 87 ACQUISITIONS, 2019
TABLE 88 EXPANSIONS, 2019
 
 
LIST OF FIGURES (52 Figures)
 
FIGURE 1 UNDERFLOOR HEATING MARKET: RESEARCH DESIGN
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 4 DATA TRIANGULATION
FIGURE 5 NEW INSTALLATIONS WOULD LEAD MARKET DURING FORECAST PERIOD
FIGURE 6 SERVICE OFFERINGS TO WITNESS HIGHER CAGR IN MARKET DURING FORECAST PERIOD
FIGURE 7 HYDRONIC UNDERFLOOR HEATING SYSTEMS HELD LARGER MARKET SHARE IN 2019
FIGURE 8 RESIDENTIAL APPLICATION TO RECORD HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
FIGURE 9 CONTROL SYSTEMS TO WITNESS HIGHEST CAGR IN MARKET, BY SYSTEM TYPE, DURING FORECAST PERIOD
FIGURE 10 EUROPE TO HOLD LARGEST SHARE OF MARKET IN 2025
FIGURE 11 GROWING DEMAND FOR COST-EFFECTIVE HEATING SYSTEMS TO DRIVE MARKET FOR UNDERFLOOR HEATING
FIGURE 12 RESIDENTIAL AND US TO BE LARGEST SHAREHOLDERS IN MARKET IN 2025
FIGURE 13 UNDERFLOOR HEATING MARKET IN NORDIC COUNTRIES TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 14 MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
FIGURE 15 SOURCES OF CARBON DIOXIDE EMISSIONS
FIGURE 16 COMPARISON OF HEATING SYSTEMS
FIGURE 17 ENERGY CONSUMPTION LEVELS BASED ON FLOOR TEMPERATURE
FIGURE 18 MARKET FOR HEATING MATS TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
FIGURE 19 UNDERFLOOR HEATING MARKET FOR CONTROL SYSTEMS TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
FIGURE 20 DRY/ELECTRIC MARKET TO GROW AT HIGHER CAGR FROM 2020 TO 2025
FIGURE 21 RESIDENTIAL APPLICATION TO DOMINATE DRY/ELECTRIC MARKET FROM 2020 TO 2025
FIGURE 22 RESIDENTIAL APPLICATION TO DOMINATE HYDRONIC MARKET DURING FORECAST PERIOD
FIGURE 23 HARDWARE SEGMENT TO HOLD LARGER SIZE OF UNDERFLOOR HEATING MARKET, BY OFFERING, IN 2025
FIGURE 24 NEW INSTALLATIONS TO DOMINATE MARKET FROM 2020 TO 2025
FIGURE 25 RESIDENTIAL APPLICATION TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 26 EUROPE TO LEAD MARKET FOR RESIDENTIAL APPLICATION DURING FORECAST PERIOD
FIGURE 27 EUROPE TO DOMINATE MARKET FROM 2020 TO 2025
FIGURE 28 NORTH AMERICA: UNDERFLOOR HEATING MARKET
FIGURE 29 US TO CAPTURE LARGEST SIZE OF MARKET IN NORTH AMERICA FROM 2020 TO 2025
FIGURE 30 RESIDENTIAL APPLICATION TO LEAD MARKET IN NORTH AMERICA FROM 2020 TO 2025
FIGURE 31 EUROPE: UNDERFLOOR HEATING MARKET
FIGURE 32 NORDIC COUNTRIES TO DOMINATE MARKET IN EUROPE FROM 2020 TO 2025
FIGURE 33 RESIDENTIAL APPLICATION TO COMMAND MARKET IN EUROPE FROM 2020 TO 2025
FIGURE 34 APAC: MARKET
FIGURE 35 CHINA IS TO LEAD MARKET IN APAC FROM 2020 TO 2025
FIGURE 36 RESIDENTIAL APPLICATION TO LEAD MARKET IN APAC FROM 2020 TO 2025
FIGURE 37 MIDDLE EAST & AFRICA TO LEAD MARKET IN ROW DURING FORECAST PERIOD
FIGURE 38 COMMERCIAL APPLICATION TO WITNESS HIGHEST CAGR IN MARKET IN ROW FROM 2020 TO 2025
FIGURE 39 ORGANIC AND INORGANIC STRATEGIES ADOPTED BY COMPANIES OPERATING IN UNDERFLOOR HEATING MARKET
FIGURE 40 MARKET PLAYER RANKING, 2019
FIGURE 41 MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
FIGURE 42 UPONOR: COMPANY SNAPSHOT
FIGURE 43 HONEYWELL: COMPANY SNAPSHOT
FIGURE 44 NVENT ELECTRIC PLC: COMPANY SNAPSHOT
FIGURE 45 REHAU: COMPANY SNAPSHOT
FIGURE 46 EMERSON: COMPANY SNAPSHOT
FIGURE 47 ROBERT BOSCH: COMPANY SNAPSHOT
FIGURE 48 DANFOSS: COMPANY SNAPSHOT
FIGURE 49 PENTAIR: COMPANY SNAPSHOT
FIGURE 50 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT
FIGURE 51 SIEMENS: COMPANY SNAPSHOT
FIGURE 52 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT

The study involved four major activities for estimating the size of the global underfloor heating market. Exhaustive secondary research has been carried out to collect information relevant to the market, the peer market, and the parent market. Primary research has been undertaken to validate these findings, assumptions, and sizing with the industry experts across the value chain of the underfloor heating market. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, the market breakdown and data triangulation methods have been used to estimate the size of different segments and subsegments of the market.

Secondary Research

The research methodology used to estimate and forecast the size of the underfloor heating market began by capturing data related to the revenues of key vendors in the market through secondary research. This study involved the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource) to identify and collect information useful for a technical, market-oriented, and commercial study of the underfloor heating market. Vendor offerings have been taken into consideration to determine the market segmentation. The entire research methodology included the study of annual reports, press releases, and investor presentations of companies; white papers; and certified publications and articles by recognized authors, directories, and databases.

Primary Research

The underfloor heating market comprises several stakeholders, such as suppliers of standard components and original equipment manufacturers (OEMs). The demand side of this market is characterized by the development and manufacture of underfloor heating applications. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

Underfloor Heating Market

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the underfloor heating market and its segments. The research methodology used to estimate the market size included the following:

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

Data Triangulation

After arriving at the overall market size—using the market size estimation process explained above—the total market has been split into several segments and subsegments. Data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data has been triangulated by studying various factors and trends from both the demand and supply sides of the underfloor heating market.

Research Objectives

  • To describe and forecast the overall size of the underfloor heating market by offering, system type, subsystem, component, installation type, and application, in terms of value
  • To describe and forecast the size of the market, by region—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), in terms of value
  • To provide detailed information regarding major factors such as drivers, restraints, opportunities, and challenges influencing the market growth
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To strategically profile the key players and comprehensively analyze their position in the underfloor heating market in terms of their ranking and core competencies, as well as provide detailed information on the competitive landscape of the market
  • To analyze competitive developments such as product launches and developments, expansions, partnerships, agreements, contracts, and mergers and acquisitions undertaken in the underfloor heating market

Scope of the Report:

Report Metrics

Details

Market size available for years

2017–2025

Base year

2019

Forecast period

2020–2025

Forecast unit

Value (USD million/billion)

Segments covered

Component, subsystem, system type, offering, application, installation type, and region

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

Uponor (Finland), Honeywell (US), nVent Electric (UK), Warmup (UK), Rehau (Switzerland), Emerson (US), Robert Bosch (Germany), Danfoss (Denmark), Pentair (US), Mitsubishi Electric (Japan), Siemens (Germany), Schneider Electric (France), Myson (UK), Thermosoft International (US), Flexel International (UK), Nexans (France), Amuheat (Australia), ESI Heating and Cooling (US), Janes Radiant (US), and Incognito (UK).

This report categorizes the underfloor heating market based on component, subsystem type, system type, offering, installation type, application, and region.

By Component:

  • Electric Heating Components
  • Hydronic Heating Components

By Subsystem:

  • Heating Systems
  • Control Systems

By System Type:

  • Dry/Electric Underfloor Heating System
  • Wet/Hydronic Underfloor Heating System

By Offering:

  • Hardware
  • Services

By Installation Type:

  • New Installations
  • Retrofit Installations

By Application:

  • Residential
  • Commercial
  • Industrial
  • Healthcare
  • Educational
  • Sports & Entertainment
  • Other Applications (Telecommunications, Information Technology, Public Utilities (Museums and Art Galleries), and Media Sectors)

By Geography:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Nordic Countries (Denmark, Finland, Iceland, Norway, and Sweden)
    • UK
    • Germany
    • France
    • Russia
    • Rest of Europe (Primarly Includes Belgium, Italy, Switzerland, Spain, and the Netherlands)
  • APAC
    • China
    • Japan
    • South Korea
    • Rest of APAC (Mainly Includes Australia, New Zealand, and India)
  • RoW
    • Middle East & Africa
    • South America

Available Customizations:

Along with the market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

Critical Questions

  • What are new application areas being explored by the providers of underfloor heating products?
  • Who are the key players in the underfloor heating market, and how intense is the competition in this market?
Report Code
SE 3674
Published ON
Apr, 2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Underfloor Heating Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home