Underfloor Heating Market Size, Share and Growth

Report Code SE 3674
Published in Aug, 2024, By MarketsandMarkets™
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Underfloor Heating Market by Type (Manifolds & Valves, Zone Valves, Heating Pipes, Wiring Centers, Zone Valves, Thermal Actuators, Heating Cales, Mats, Thermostats & Sensors), Offering, Installation Type (New, Retrofit), Region - Global Forecast to 2029

Overview

The global underfloor heating market size was valued at USD 5.3 billion in 2024 and is estimated to reach USD 7.6 billion by 2029, growing at a CAGR of 7.3% during the forecast period from 2024 to 2029. Fast adoption of heating systems and solutions such as electric systems, hydronic systems and other products types such as mats, cables, pipes, and others is boosting the market in various applications like residential, commercial, and industrial. Emerging trends in renewable recovery ventilation, precision indoor climate control, and renewable integration, where the entrance of new players into the marketplace brings innovation and cost effectiveness that will drive this market. Adaptive climate control is one of the key trends driving the market in various regions such as Europe and North America. Furthermore, need for increased energy efficiency in HVAC, low maintenance system, safety and ease of installation, adaptability of heaters with all types of floor coverings and different designs, space, comfort level is driving the market for underfloor heating.Consistent heat distribution is a major driving factor in underfloor heating as a result of which various applications are installing underfloor heating as per the need.

Attractive Opportunities in the Underfloor Heating Market

Asia Pacific

The growth of the Asia Pacific market can be attributed to increasing awareness regarding the benefits of underfloor heating, product improvements, and the presence of favorable government policies.

The hydronic underfloor heating segment is expected to account for a larger share of the underfloor heating market during the forecast period.

The residential application is expected to register the highest CAGR during the forecast period

Product launches are expected to offer lucrative opportunities for the market players in the next five years.

Europe and North America expected to hold the significant market share owing to the rapid adoption of heating technologies in different applications.

Global Underfloor Heating Market Dynamics

Driver: High comfort and flexibility associated with underfloor heating systems

It spreads the heat uniformly to eliminate any cold spots, thereby giving out consistent warmth throughout the room. There will be no mounted heating equipment or radiators mounted on the walls, and therefore it can provide draft-free ambiance with no cold floors ever. Underfloor heating thus offers flexibility that will let one's imagination run wild when choosing furniture or room layouts. Very many floor coverings can be chosen by the customer without any kind of compromise on the efficiency of his underfloor heating. Zoning capabilities assure maximum comfort with customized temperature control in various regions. This quiet heating system, in part, reduces air circulation and dust/allergen flows, making for cleaner air inside for a more peaceful living space. These many advantages make underfloor heating a really versatile, efficient, and comfortable way of heating up a home fast.

Restraint: Longer response time than other heating systems

The response time for an underfloor heating system is typically longer than other heating systems, especially when the pipe or cable is embedded in a solid floor. As a result, if used infrequently, underfloor heating may not be considered the most efficient system. It can take around 1-2 hours for underfloor heating systems to thoroughly warm up a room, while radiators can do the same in just 20-30 minutes. Warming up a wooden floor can take over an hour, while concrete floors might take a few hours. This may not be an issue if the property is continuously occupied or if the underfloor heating system is used as an alternative heating source. However, it could be a disadvantage if immediate warmth is necessary in a room and the user relies solely on the underfloor system.

 

Opportunity: Expanding construction industry

Underfloor heating system, in turn, will gain smooth acceleration with the increasing construction and infrastructure development activities because of fast urbanization and huge populations. This growing construction industry will result in a higher demand for underfloor heating systems. In this effect, demand for heating systems, including underfloor heating, will increase because of the higher number of buildings and houses. The continuous advancements in underfloor heating technology, providing features such as smart thermostats, wireless controls, and energy-efficient components, have turned it into an increasingly attractive option for the construction industry. This has made the builder and developer more centered toward integration of such advanced heating systems, such as underfloor heating, into their projects. The building construction industry is bound to increase drastically the world over during the next decade, with close attention being put on developing countries. As Construction Global states, it is estimated that the construction industry will grow by 35% in the period before 2030, with an average annual growth rate of 3.6% per year, and this will drive the demand for floor heating in colder regions.

Challenge: Setup issues associated with underfloor heating systems

A number of challenges may have to be overcome during the installation of underfloor heating systems, which affects their efficiency and effectiveness. The underfloor heating systems should accommodate diverse types of flooring material. Some flooring materials, such as thick carpets or certain types of wood, will necessarily act as a hindrance to heat transfer or require additional insulation. The subfloor should be prepared in order to allow the even distribution of heat since an uneven or damaged subfloor results in hotspots or cold areas. Design considerations, such as room size and shape and insulation, need attention for the best performance and to guard against patchy heating associated with inadequate system design or coverage. Integrating underfloor heating into an existing building is not free of its problems either—modifications are needed and careful planning to integrate the plumbing or electrical systems without disruption. The underfloor heating system is no exception to maintenance and repairs either. This makes the provision of proper access points for servicing activities, such as valve controls or sensors, very important to minimize disruption to the flooring and surrounding structures.

Global Underfloor Heating Market Ecosystem Analysis

Underfloor Heating Market Ecosystem The Underfloor heating market is competitive, with major companies such as Resideo Technologies Inc (US), nVent Electric Plc (UK), Warmup (UK) Siemens (Germany),Emerson Electric Co.(US), Mitsubishi Electric Corporation (Japan) and Schneider Electric (US), among others, are the significant providers of underfloor heating and numerous small- and medium-sized vital enterprises. Many players offer underfloor heating solutions, while many players and details offer integration services. These integration services are widely required in various applications.

 

Based on the offering, the hardware segment in underfloor heating market is expected to account for the largest market share in 2023.

The hardware segment is expected to hold a larger market share in 2029, while the service segment is expected to register a higher CAGR in the underfloor heating market during the forecast period. Hardware components mainly include heating pipes, heating cables, distribution units, sensors, and control interfaces. Wet/hydronic and dry/electric underfloor heating systems require different hardware components. The services segment primarily includes installation and repair and maintenance services. The rising adoption of installation services is mainly for hydronic underfloor heating systems. The manifold and valve segment form the primary parts in underfloor heating systems. Growth of the segment is propelled by the rise in demand for energy-efficient heating, expansion in the construction industry, advanced technology, government regulations, and growing consumer awareness

Based on the application, the residential application is projected to contribute significantly to the market share during the forecast period

Underfloor heating is ideal for new buildings and is also becoming popular for renovations because of the development of innovative products in this area. The growing contemporary design trend has motivated consumers to create a clean and uncluttered look throughout their homes. Also, favorable government regulations and tax credit facilities for installing energy-efficient systems and a high focus on energy savings and minimizing energy bills have significantly contributed to the growth of the market in residential applications.

Europe Region Holds the Largest Share of the Underfloor Heating Market.

Global trend to low-carbon economy is significantly scaled up in Europe and Europe's focus on implementing energy efficiency policies for meeting heating requirements is expected to have significant market in underfloor heating. Also, higher levels of insulation driven by the regulatory requirements and government initiatives contribute to a reduction in the overall heating load, making underfloor heating a more practical and efficient heating solution in Europe. For instance, the EU has targeted zero carbon emissions from buildings in the UK. The UK government is giving tax benefits to users of renewable energy systems. These initiatives will likely help the market grow at the highest CAGR during the forecast period.

 
 

Recent Developments of Underfloor Heating Market Industry

  • In April 2023, Resideo Technologies, Inc., has introduced the Honeywell Home T10+ Smart Thermostat Kits preloaded with RedLINK® 3.0 technology, bringing the ability to control three distinct types of IAQ equipment at once.
  • In June 2022, nVent announced that it has expanded its collaboration with the world-renowned MAPEI, a company that operates with a commitment to the manufacturing of chemical products for the construction market. Consistent with the collaboration, the companies are joining quality electric underfloor heating technologies from nVent RAYCHEM with the wide range of MAPEI products for flooring installation.

Key Market Players

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Scope of the Report

Report Attribute Details
Estimated Market Size USD 5.3 billion in 2024
Expected Market Size USD 7.6 billion by 2029
Growth Rate CAGR of 7.3%
Market Size Availability for Years 2020–2029
Base Year 2023
Forecast Period 2024–2029
Forecast Units Value (USD)
Segments Covered Type, Offering, installation type, Application
Geographies Covered North America, Europe, Asia Pacific,
Companies Covered Georg Fischer (Switzerland), 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 (German

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
21
RESEARCH METHODOLOGY
25
EXECUTIVE SUMMARY
36
PREMIUM INSIGHTS
39
UNDERFLOOR HEATING MARKET OVERVIEW
42
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Increasing demand for cost-effective and advanced heating solutions
    - Rising adoption due to government support and incentives
    - Implementation of stringent building codes
    - Integration of renewable energy sources
    RESTRAINTS
    - Longer response time than for other heating systems
    - High installation costs
    - Time-consuming and complex regulatory approval process
    OPPORTUNITIES
    - Technological advancements and digitalization trends
    - Emergence of IoT-based underfloor heating systems
    - Expanding construction industry
    CHALLENGES
    - Setup issues associated with underfloor heating systems
  • 5.3 AI IMPACT ON UNDERFLOOR HEATING MARKET
  • 5.4 SUPPLY CHAIN ANALYSIS
  • 5.5 ECOSYSTEM ANALYSIS
  • 5.6 INVESTMENT AND FUNDING SCENARIO
  • 5.7 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY COMPONENT TYPE
    AVERAGE SELLING PRICE TREND, BY REGION
  • 5.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.9 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Internet of Things (IoT)
    - Predictive maintenance
    COMPLEMENTARY TECHNOLOGIES
    - Artificial intelligence (AI)
    ADJACENT TECHNOLOGIES
    - Graphene heating films
  • 5.10 PORTER’S FIVE FORCES ANALYSIS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.11 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.12 CASE STUDY ANALYSIS
    NVENT RAYCHEM INSTALLS RESPONSIVE UNDERFLOOR HEATING SYSTEM AT LUXURY DEVELOPMENT
    CONTINENTAL’S ONEBOARD SYSTEM SOLVES STRUCTURAL CHALLENGES AT NEWBUILD PROPERTY
    DEVEX SYSTEMS PROVIDES HYDRONIC UNDERFLOOR HEATING AT AUSTRALIAN CHURCH
    WARMUP PROVIDES HYDRONIC UNDERFLOOR HEATING SYSTEM FOR UPMARKET APARTMENT COMPLEX
    WARMUP SUCCESSFULLY INSTALLS ZONE-BASED UNDERFLOOR HEATING SYSTEM AT HOUSING DEVELOPMENT
    THERMO FLOOR UK DESIGNS MODERN UNDERFLOOR HEATING SYSTEM FOR TRINITY COLLEGE CHAPEL
  • 5.13 TRADE ANALYSIS
    IMPORT SCENARIO (HS CODE 841861)
    EXPORT SCENARIO (HS CODE 841861)
  • 5.14 PATENT ANALYSIS
  • 5.15 KEY CONFERENCES AND EVENTS, 2024–2025
  • 5.16 REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    STANDARDS
TYPES OF FLOOR COVERINGS FOR UNDERFLOOR HEATING
73
  • 6.1 INTRODUCTION
  • 6.2 TILE AND STONE
    PROVIDE LONG-LASTING WARMTH DUE TO HIGH THERMAL CONDUCTIVITY
  • 6.3 WOOD FLOORING
    OFFERS VARYING DEGREES OF WARMTH BASED ON DENSITY
  • 6.4 LAMINATE FLOORING
    MOST APPROPRIATE CHOICE FOR RESIDENTIAL APPLICATIONS
  • 6.5 VINYL AND LINOLEUM FLOORING
    PROVIDES QUICK HEATING AND COOLING IN HOMES
  • 6.6 RUBBER AND CARPET FLOORING
    HIGHLY CONDUCTIVE RUBBER PREFERRED IN INDUSTRIAL AREAS
CONNECTION TYPES OF UNDERFLOOR HEATING SYSTEMS
76
  • 7.1 INTRODUCTION
  • 7.2 CONNECTED
    IMPROVED FUNCTIONALITY DUE TO INTEGRATION OF NEW TECHNOLOGIES
  • 7.3 NON-CONNECTED
    COST-EFFECTIVE AND EASY TO INSTALL
SUBSYSTEMS INTEGRATED WITH UNDERFLOOR HEATING SYSTEMS
77
  • 8.1 INTRODUCTION
  • 8.2 HEATING SYSTEMS
    PIPES AND CABLES
    - Facilitate heat transfer to floor
    DISTRIBUTION UNITS
    - Transport hot water from heating systems to heat exchangers
  • 8.3 CONTROL SYSTEMS
    SENSORS
    - Used to measure floor temperature
    CONTROL INTERFACES
    - Help control thermostats in heating systems
UNDERFLOOR HEATING MARKET, BY INSTALLATION TYPE
79
  • 9.1 INTRODUCTION
  • 9.2 NEW INSTALLATIONS
    STRICT ENERGY EFFICIENCY STANDARDS AND CODES TO DRIVE DEMAND
  • 9.3 RETROFIT INSTALLATIONS
    WIDER ADOPTION OF ELECTRIC SYSTEMS FOR RENOVATIONS TO BOOST MARKET
UNDERFLOOR HEATING MARKET, BY OFFERING
85
  • 10.1 INTRODUCTION
  • 10.2 HARDWARE
    ADVANCEMENTS RELATED TO HARDWARE INTEGRATION TO DRIVE DEMAND
  • 10.3 SERVICES
    INCREASED DEMAND IN RESIDENTIAL AND COMMERCIAL SECTORS TO BOOST MARKET
UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE AND COMPONENT TYPE
91
  • 11.1 INTRODUCTION
  • 11.2 HYDRONIC UNDERFLOOR HEATING
    HEATING PIPES
    - Designed to disperse heat evenly
    THERMOSTATS AND SENSORS
    - Used to regulate temperature
    THERMAL ACTUATORS
    - Designed to control hot water flow in underfloor heating zones
    ZONE VALVES
    - Used to control heating operations of different building zones
    WIRING CENTERS
    - Regulate heating operations from centralized location
    MANIFOLDS AND VALVES
    - Used to control room temperature
  • 11.3 ELECTRIC UNDERFLOOR HEATING
    HEATING CABLES
    - Used to facilitate underfloor heating
    HEATING MATS
    - Critical part of DIY-based underfloor heating systems
    THERMOSTATS AND SENSORS
    - Monitor and maintain floor temperature
UNDERFLOOR HEATING MARKET, BY APPLICATION
104
  • 12.1 INTRODUCTION
  • 12.2 RESIDENTIAL
    SINGLE-FAMILY HOMES
    - Need for energy efficiency and design flexibility to drive demand
    APARTMENTS
    - Reduced energy consumption to boost market
  • 12.3 COMMERCIAL
    RETAIL
    - Growing adoption of humidity control systems to drive market
    TRANSPORTATION AND LOGISTICS
    - Need for efficient heating systems to fuel adoption
    HOSPITALITY
    - High energy efficiency and esthetic advantages to drive demand
  • 12.4 HEALTHCARE
    GROWING DEPLOYMENT IN MEDICAL FACILITIES TO PROPEL MARKET
  • 12.5 SPORTS & ENTERTAINMENT
    RISING USE TO CREATE COMFORTABLE ENVIRONMENTS TO DRIVE MARKET
  • 12.6 INDUSTRIAL
    INCREASING DEPLOYMENT IN VARIOUS SETTINGS TO DRIVE DEMAND
  • 12.7 OTHERS
UNDERFLOOR HEATING MARKET, BY REGION
122
  • 13.1 INTRODUCTION
  • 13.2 NORTH AMERICA
    MACROECONOMIC OUTLOOK FOR NORTH AMERICA
    US
    - Strict government regulations to drive demand
    CANADA
    - Increasing public awareness to boost market
    MEXICO
    - Government efforts to increase adoption to bolster market
  • 13.3 EUROPE
    MACROECONOMIC OUTLOOK FOR EUROPE
    UK
    - Government initiatives and regulations to boost market
    GERMANY
    - Mandatory construction standards and directives to drive demand
    FRANCE
    - Focus on sustainability to fuel market
    BELGIUM
    - Increasing renovation and retrofit projects to boost market
    NETHERLANDS
    - Focus on reducing energy consumption to drive market
    POLAND
    - Commitment to thermal modernization to boost demand
    REST OF EUROPE
  • 13.4 ASIA PACIFIC
    MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
    CHINA
    - Need to reduce greenhouse gas emissions to drive market
    JAPAN
    - Increasing demand for modern heating solutions to fuel market
    SOUTH KOREA
    - Rising requirement for efficient heating systems to propel demand
    REST OF ASIA PACIFIC
  • 13.5 ROW
    MACROECONOMIC OUTLOOK FOR ROW
    MIDDLE EAST
    - Rising construction of premium properties to drive demand
    AFRICA
    - Increased demand for residential and commercial properties to boost market
    SOUTH AMERICA
    - Growing demand for sustainable solutions to bolster market
COMPETITIVE LANDSCAPE
143
  • 14.1 OVERVIEW
  • 14.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2024
  • 14.3 REVENUE ANALYSIS, 2020–2023
  • 14.4 MARKET SHARE ANALYSIS, 2023
  • 14.5 COMPANY VALUATION AND FINANCIAL METRICS
  • 14.6 BRAND/PRODUCT COMPARISON
  • 14.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - Company footprint
    - Product type footprint
    - Installation type footprint
    - Application footprint
    - Region footprint
  • 14.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2023
    - Detailed list of key startups/SMEs
    - Competitive benchmarking of key startups/SMEs
  • 14.9 COMPETITIVE SCENARIO
    PRODUCT LAUNCHES
    DEALS
COMPANY PROFILES
163
  • 15.1 KEY PLAYERS
    RESIDEO TECHNOLOGIES INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    NVENT
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    WARMUP PLC
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    REHAU LTD
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    MAGNUM HEATING GROUP B.V.
    - Business overview
    - Products/Solutions/Services offered
    UPONOR CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    EMERSON ELECTRIC CO.
    - Business overview
    - Products/Solutions/Services offered
    ROBERT BOSCH GMBH
    - Business overview
    - Products/Solutions/Services offered
    DANFOSS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    MITSUBISHI ELECTRIC CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    SIEMENS AG
    - Business overview
    - Products/Solutions/Services offered
    SCHNEIDER ELECTRIC
    - Business overview
    - Products/Solutions/Services offered
    INCOGNITO HEAT CO.
    - Business overview
    - Products/Solutions/Services offered
  • 15.2 OTHER PLAYERS
    MYSON
    THERMOSOFT INTERNATIONAL CORPORATION
    FLEXEL INTERNATIONAL
    NEXANS
    AMUHEAT
    ESI HEATING AND COOLING
    JANES RADIANT HEATING
    WARMAFLOOR
    RAYOTEC LTD
    RBT UNDERFLOOR LTD
    UHEAT
    SCHLUTER-SYSTEMS
APPENDIX
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
LIST OF TABLES
 
  • TABLE 1 ROLE OF COMPANIES IN ECOSYSTEM
  • TABLE 2 AVERAGE SELLING PRICE TREND OF UNDERFLOOR HEATING SYSTEM COMPONENTS PROVIDED BY MAJOR PLAYERS (USD)
  • TABLE 3 AVERAGE SELLING PRICE TREND OF UNDERFLOOR HEATING SYSTEM COMPONENTS, 2020−2023 (USD)
  • TABLE 4 INDICATIVE PRICING TREND OF MANIFOLDS, BY REGION (USD)
  • TABLE 5 UNDERFLOOR HEATING MARKET: PORTER’S FIVE FORCES ANALYSIS
  • TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
  • TABLE 7 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
  • TABLE 8 MARKET: MAJOR PATENTS
  • TABLE 9 MARKET: CONFERENCES AND EVENTS, 2024–2025
  • TABLE 10 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 11 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 12 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 13 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 14 MARKET: KEY STANDARDS
  • TABLE 15 COMPARISON OF FLOOR COVERING TYPES
  • TABLE 16 ADVANTAGES OF VARIOUS FLOOR COVERING TYPES
  • TABLE 17 ADVANTAGES OF WOODEN FLOOR COVERINGS
  • TABLE 18 MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 19 MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 20 NEW INSTALLATIONS: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 21 NEW INSTALLATIONS: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 22 RETROFIT INSTALLATIONS: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 23 RETROFIT INSTALLATIONS: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 24 UNDERFLOOR HEATING MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 25 MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 26 HARDWARE: MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 27 HARDWARE: MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 28 SERVICES: MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 29 SERVICES: MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 30 MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 31 MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 32 HYDRONIC UNDERFLOOR HEATING: MARKET, BY COMPONENT TYPE, 2020–2023 (MILLION UNITS/MILLION FEET)
  • TABLE 33 HYDRONIC UNDERFLOOR HEATING: MARKET, BY COMPONENT TYPE, 2024–2029 (MILLION UNITS/MILLION FEET)
  • TABLE 34 ELECTRIC UNDERFLOOR HEATING: MARKET, BY COMPONENT TYPE, 2020–2023 (MILLION UNITS/MILLION FEET/MILLION SQUARE FEET)
  • TABLE 35 ELECTRIC UNDERFLOOR HEATING: MARKET, BY COMPONENT TYPE, 2024–2029 (MILLION UNITS/MILLION FEET/MILLION SQUARE FEET)
  • TABLE 36 HYDRONIC UNDERFLOOR HEATING: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 37 HYDRONIC UNDERFLOOR HEATING: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 38 HYDRONIC UNDERFLOOR HEATING: MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 39 HYDRONIC UNDERFLOOR HEATING: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 40 HYDRONIC UNDERFLOOR HEATING: MARKET, BY COMPONENT TYPE, 2020–2023 (USD MILLION)
  • TABLE 41 HYDRONIC UNDERFLOOR HEATING: MARKET, BY COMPONENT TYPE, 2024–2029 (USD MILLION)
  • TABLE 42 ELECTRIC UNDERFLOOR HEATING: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 43 ELECTRIC UNDERFLOOR HEATING: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 44 ELECTRIC UNDERFLOOR HEATING: MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 45 ELECTRIC UNDERFLOOR HEATING: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 46 ELECTRIC UNDERFLOOR HEATING: MARKET, BY COMPONENT TYPE, 2020–2023 (USD MILLION)
  • TABLE 47 ELECTRIC UNDERFLOOR HEATING: MARKET, BY COMPONENT TYPE, 2024–2029 (USD MILLION)
  • TABLE 48 UNDERFLOOR HEATING MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 49 MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 50 RESIDENTIAL: MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 51 RESIDENTIAL: MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 52 RESIDENTIAL: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 53 RESIDENTIAL: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 54 RESIDENTIAL: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 55 RESIDENTIAL: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 56 COMMERCIAL: MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 57 COMMERCIAL: MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 58 COMMERCIAL: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 59 COMMERCIAL: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 60 COMMERCIAL: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 61 COMMERCIAL: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 62 HEALTHCARE: MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 63 HEALTHCARE: MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 64 HEALTHCARE: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 65 HEALTHCARE: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 66 HEALTHCARE: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 67 HEALTHCARE: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 68 SPORTS & ENTERTAINMENT: UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 69 SPORTS & ENTERTAINMENT: MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 70 SPORTS & ENTERTAINMENT: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 71 SPORTS & ENTERTAINMENT: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 72 SPORTS & ENTERTAINMENT: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 73 SPORTS & ENTERTAINMENT: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 74 INDUSTRIAL: MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 75 INDUSTRIAL: MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 76 INDUSTRIAL: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 77 INDUSTRIAL: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 78 INDUSTRIAL: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 79 INDUSTRIAL: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 80 OTHERS: MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
  • TABLE 81 OTHERS: MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
  • TABLE 82 OTHERS: MARKET, BY INSTALLATION TYPE, 2020–2023 (USD MILLION)
  • TABLE 83 OTHERS: MARKET, BY INSTALLATION TYPE, 2024–2029 (USD MILLION)
  • TABLE 84 OTHERS: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 85 OTHERS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 86 MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 87 UNDERFLOOR HEATING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 88 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 89 NORTH AMERICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 90 NORTH AMERICA: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 91 NORTH AMERICA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 92 EUROPE: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 93 EUROPE: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 94 EUROPE: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 95 EUROPE: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 96 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 97 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 98 ASIA PACIFIC: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 99 ASIA PACIFIC: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 100 ROW: MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 101 ROW: MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 102 ROW: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 103 ROW: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 104 KEY PLAYER STRATEGIES ADOPTED BY KEY PLAYERS, 2021–2024
  • TABLE 105 UNDERFLOOR HEATING MARKET: DEGREE OF COMPETITION, 2023
  • TABLE 106 MARKET: PRODUCT TYPE FOOTPRINT
  • TABLE 107 MARKET: INSTALLATION TYPE FOOTPRINT
  • TABLE 108 MARKET: APPLICATION FOOTPRINT
  • TABLE 109 MARKET: REGION FOOTPRINT
  • TABLE 110 MARKET: KEY STARTUPS/SMES
  • TABLE 111 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • TABLE 112 MARKET: PRODUCT LAUNCHES, JANUARY 2021–JUNE 2024
  • TABLE 113 MARKET: DEALS, JANUARY 2021–JUNE 2024
  • TABLE 114 RESIDEO TECHNOLOGIES INC.: COMPANY OVERVIEW
  • TABLE 115 RESIDEO TECHNOLOGIES INC.: PRODUCT/SOLUTION/SERVICE OFFERINGS
  • TABLE 116 RESIDEO TECHNOLOGIES INC.: PRODUCT LAUNCHES
  • TABLE 117 RESIDEO TECHNOLOGIES INC.: DEALS
  • TABLE 118 NVENT: COMPANY OVERVIEW
  • TABLE 119 NVENT: PRODUCT/SOLUTION/SERVICE OFFERINGS
  • TABLE 120 NVENT: PRODUCT LAUNCHES
  • TABLE 121 NVENT: DEALS
  • TABLE 122 WARMUP PLC: COMPANY OVERVIEW
  • TABLE 123 WARMUP PLC: PRODUCT/SOLUTION/SERVICE OFFERINGS
  • TABLE 124 WARMUP PLC: DEALS
  • TABLE 125 REHAU LTD: COMPANY OVERVIEW
  • TABLE 126 REHAU LTD: PRODUCT/SOLUTION/SERVICE OFFERINGS
  • TABLE 127 REHAU LTD: PRODUCT LAUNCHES
  • TABLE 128 MAGNUM HEATING GROUP B.V.: COMPANY OVERVIEW
  • TABLE 129 MAGNUM HEATING GROUP B.V.: PRODUCT/SOLUTION/SERVICE OFFERINGS
  • TABLE 130 UPONOR CORPORATION: COMPANY OVERVIEW
  • TABLE 131 UPONOR CORPORATION: PRODUCT/SOLUTION/SERVICE OFFERINGS
  • TABLE 132 UPONOR CORPORATION: DEALS
  • TABLE 133 EMERSON ELECTRIC CO.: COMPANY OVERVIEW
  • TABLE 134 EMERSON ELECTRIC CO.: PRODUCT/SOLUTION/SERVICE OFFERINGS
  • TABLE 135 ROBERT BOSCH GMBH: COMPANY OVERVIEW
  • TABLE 136 ROBERT BOSCH GMBH: PRODUCT/SOLUTION/SERVICE OFFERINGS
  • TABLE 137 DANFOSS: COMPANY OVERVIEW
  • TABLE 138 DANFOSS: PRODUCT/SOLUTION/SERVICE OFFERINGS
  • TABLE 139 DANFOSS: PRODUCT LAUNCHES
  • TABLE 140 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW
  • TABLE 141 MITSUBISHI ELECTRIC CORPORATION: PRODUCT/SOLUTION/SERVICE OFFERINGS
  • TABLE 142 SIEMENS AG: COMPANY OVERVIEW
  • TABLE 143 SIEMENS AG: PRODUCT/SOLUTION/SERVICE OFFERINGS
  • TABLE 144 SCHNEIDER ELECTRIC: COMPANY OVERVIEW
  • TABLE 145 SCHNEIDER ELECTRIC: PRODUCT/SOLUTION/SERVICE OFFERINGS
  • TABLE 146 INCOGNITO HEAT CO.: COMPANY OVERVIEW
  • TABLE 147 INCOGNITO HEAT CO.: PRODUCT/SOLUTION/SERVICE OFFERINGS
LIST OF FIGURES
 
  • FIGURE 1 UNDERFLOOR HEATING MARKET SEGMENTATION
  • FIGURE 2 MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION
  • FIGURE 3 MARKET: RESEARCH DESIGN
  • FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
  • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
  • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE GENERATED BY KEY PLAYERS FROM UNDERFLOOR HEATING SYSTEMS
  • FIGURE 7 DATA TRIANGULATION
  • FIGURE 8 HYDRONIC UNDERFLOOR HEATING SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2029
  • FIGURE 9 NEW INSTALLATIONS SEGMENT TO DOMINATE MARKET IN 2029
  • FIGURE 10 RESIDENTIAL SEGMENT TO LEAD MARKET IN 2029
  • FIGURE 11 EUROPEAN UNDERFLOOR HEATING MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 12 INCREASING AWARENESS OF BENEFITS OF UNDERFLOOR HEATING SYSTEMS TO DRIVE MARKET
  • FIGURE 13 HARDWARE SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2024
  • FIGURE 14 HYDRONIC UNDERFLOOR HEATING SEGMENT TO DOMINATE MARKET IN 2024
  • FIGURE 15 RESIDENTIAL SEGMENT TO COMMAND MARKET IN 2029
  • FIGURE 16 UK TO REGISTER HIGHEST CAGR IN GLOBAL MARKET DURING FORECAST PERIOD
  • FIGURE 17 MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 18 MARKET: DRIVERS AND THEIR IMPACT
  • FIGURE 19 MARKET: RESTRAINTS AND THEIR IMPACT
  • FIGURE 20 MARKET: OPPORTUNITIES AND THEIR IMPACT
  • FIGURE 21 MARKET: CHALLENGES AND THEIR IMPACT
  • FIGURE 22 MARKET: AI IMPACT ANALYSIS
  • FIGURE 23 UNDERFLOOR HEATING MARKET: SUPPLY CHAIN ANALYSIS
  • FIGURE 24 UNDERFLOOR HEATING SYSTEMS: ECOSYSTEM ANALYSIS
  • FIGURE 25 INVESTMENT AND FUNDING SCENARIO
  • FIGURE 26 AVERAGE SELLING PRICE TREND OF UNDERFLOOR HEATING SYSTEM COMPONENTS OFFERED BY MAJOR PLAYERS
  • FIGURE 27 AVERAGE SELLING PRICE TREND OF MANIFOLDS, BY REGION, 2020−2023
  • FIGURE 28 TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS
  • FIGURE 29 MARKET: PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
  • FIGURE 31 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
  • FIGURE 32 IMPORT DATA FOR HS CODE 841861-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023
  • FIGURE 33 EXPORT DATA FOR HS CODE 841861-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023
  • FIGURE 34 TOP PATENT APPLICANTS AND OWNERS, 2014–2023
  • FIGURE 35 UNDERFLOOR HEATING MARKET, BY INSTALLATION TYPE
  • FIGURE 36 NEW INSTALLATIONS SEGMENT TO LEAD MARKET IN 2024
  • FIGURE 37 RESIDENTIAL SEGMENT TO DOMINATE MARKET FOR NEW INSTALLATIONS IN 2024
  • FIGURE 38 MARKET, BY OFFERING
  • FIGURE 39 HARDWARE SEGMENT TO HOLD LARGER MARKET SHARE IN 2024
  • FIGURE 40 HYDRONIC UNDERFLOOR HEATING SEGMENT TO HOLD LARGER SHARE OF MARKET FOR HARDWARE IN 2024
  • FIGURE 41 MARKET, BY PRODUCT TYPE AND COMPONENT TYPE
  • FIGURE 42 HYDRONIC UNDERFLOOR HEATING SEGMENT TO LEAD MARKET FROM 2024 TO 2029
  • FIGURE 43 RESIDENTIAL SEGMENT TO HOLD LARGEST SHARE OF HYDRONIC UNDERFLOOR HEATING MARKET IN 2029
  • FIGURE 44 HARDWARE SEGMENT TO HOLD LARGER SHARE OF ELECTRIC UNDERFLOOR HEATING MARKET IN 2029
  • FIGURE 45 MARKET, BY APPLICATION
  • FIGURE 46 RESIDENTIAL SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 47 MARKET, BY REGION
  • FIGURE 48 UK TO BE FASTEST-GROWING UNDERFLOOR HEATING MARKET GLOBALLY DURING FORECAST PERIOD
  • FIGURE 49 NORTH AMERICA: SNAPSHOT OF MARKET
  • FIGURE 50 EUROPE: SNAPSHOT OF MARKET
  • FIGURE 51 ASIA PACIFIC: SNAPSHOT OF MARKET
  • FIGURE 52 MARKET: REVENUE ANALYSIS, 2020–2023
  • FIGURE 53 UNDERFLOOR HEATING MARKET: MARKET SHARE ANALYSIS, 2023
  • FIGURE 54 COMPANY VALUATION, 2023
  • FIGURE 55 FINANCIAL METRICS (EV/EBITDA), 2023
  • FIGURE 56 BRAND/PRODUCT COMPARISON
  • FIGURE 57 MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
  • FIGURE 58 MARKET: COMPANY FOOTPRINT
  • FIGURE 59 MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
  • FIGURE 60 RESIDEO TECHNOLOGIES INC.: COMPANY SNAPSHOT
  • FIGURE 61 NVENT: COMPANY SNAPSHOT
  • FIGURE 62 REHAU LTD: COMPANY SNAPSHOT
  • FIGURE 63 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
  • FIGURE 64 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
  • FIGURE 65 DANFOSS: COMPANY SNAPSHOT
  • FIGURE 66 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
  • FIGURE 67 SIEMENS AG: COMPANY SNAPSHOT
  • FIGURE 68 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT

 

The study utilized four major activities to estimate the underfloor heating market size. Exhaustive secondary research was conducted to gather information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. Finally, market breakdown and data triangulation methods were utilized to estimate the market size for different segments and subsegments.

Secondary Research

In the secondary research process, various sources were used to identify and collect information on the underfloor heating market for this study. Secondary sources for this research study include 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 was collected and analyzed to determine the overall market size, further validated through primary research.

List of key secondary sources

SOURCE

Web Link

American Society of Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE)

https://www.ashrae.org/

Air Conditioning Contractors of America (ACCA)

https://www.acca.org/

Air Conditioning, Heating, and Refrigeration Institute (AHRI)

https://www.ahrinet.org/

The American National Standards Institute

www.ansi.org

National Fire Protection Association

www.nfpa.org

National Institute of Standards and Technology

www.nist.gov

Asia Industrial Gases Association

www.asiaiga.org

Primary Research

Primary interviews were conducted to gather insights on market statistics, revenue data, market breakdowns, size estimations, and forecasting. Additionally, primary research was used to comprehend the various technology, type, end-use, and regional trends. Interviews with stakeholders from the demand side, including CIOs, CTOs, CSOs, and customer/end-user installation teams using underfloor heating offerings and processes, were also conducted to understand their perspective on suppliers, products, component providers, and their current and future use of underfloor heating, which will impact the overall market. Several primary interviews were conducted across major countries in North America, Europe, Asia Pacific.

Underfloor Heating Market
 Size, and Share

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

Market Size Estimation

Both top-down and bottom-up approaches were utilized to estimate and validate the size of the underfloor heating market and its submarkets. Secondary research was conducted to identify the key players in the market, and primary and secondary research was used to determine their market share in specific regions. The process involved studying top players’ annual and financial reports and conducting extensive interviews with industry leaders such as CEOs, VPs, directors, and marketing executives. Secondary sources were used to determine all percentage shares and breakdowns, verified through primary sources. All parameters that could impact the markets covered in this research study were accounted for, analyzed in detail, verified through primary research, and consolidated to obtain the final quantitative and qualitative data.

Global Underfloor heating Market Size: Botton Up Approach

  • Identifying end users that are either using or will use underfloor heating.
  • Tracking leading companies and system integrators operating across various industries.
  • Deriving the size of the underfloor heating by type market through the data sanity method; analyzing revenues of more than 25 critical providers through their annual reports and press releases and summing them up to estimate the overall market size.
  • Analyzing the use cases across different regions and companies
  • Tracking the ongoing and upcoming installation contracts, acquisitions, expansions, and product launches by various companies and forecasting the market size based on these developments and other critical parameters.
  • Conduct multiple discussions with key opinion leaders to understand underfloor heating components offered by companies to various applications and analyze the breakdown of the scope of work carried out by each major company providing underfloor heating components.
  • Carrying out the market trend analysis to obtain the CAGR of the underfloor heating with respect to their types in the said market by understanding the industry penetration rate and analyzing the demand and supply of systems for different applications.
  • Assigning a percentage to the overall revenue or, in a few cases, to each company's segmental revenues to derive their revenues from the sale of underfloor heating. This percentage for each company has been assigned based on their product portfolios.
  • Verifying and crosschecking the estimates at every level through discussions with key opinion leaders, including CEOs, directors, operations managers, and domain experts at MarketsandMarkets
  • Studying various paid and unpaid information sources, such as annual reports, press releases, and white papers

Underfloor Heating Market
 Size, and Botton Up Approach

Global Underfloor heating Market Size: Top-Down Approach

The top-down approach has been used to estimate and validate the total size of the underfloor heating market.

  • Information related to the revenue of key manufacturers and providers of Underfloor heating components was studied and analyzed to estimate the global size of the Underfloor heating market.
  • Multiple discussions were conducted with key opinion leaders to understand the demand for underfloor heating solutions and analyze the breakdown of the scope of work carried out by each significant company.
  • Revenue, geographic presence, critical applications served, and diverse offerings of all identified players in the Underfloor heating market were studied to estimate and arrive at the percentage split of different market segments.
  • All major players in the Underfloor heating market were identified through secondary research and verified through brief discussions with industry experts.
  • Multiple discussions were conducted with key opinion leaders of all key companies developing Underfloor heating solutions to validate the market split based on type, application, and region.
  • Geographic splits were estimated using secondary sources based on factors such as the number of players offering underfloor heating solutions in a specific country or region and the industries for which these players provide the solutions.

Underfloor Heating Market
 Size, and Top-Down Approach

Data Triangulation

Once the overall size of the underfloor heating market was determined using the methods described above, it was divided into multiple segments and subsegments. Market engineering was performed for each segment and subsegment using market breakdown and data triangulation methods, as applicable, to obtain accurate statistics. Various factors and trends from the demand and supply sides were studied to triangulate the data. The market was validated using both top-down and bottom-up approaches.

Market Definition

Basically, an underfloor heating system is usually a central system in controlling the indoor climate for the means of thermal comfort by using conduction, radiation, and convection. Underfloor heating systems included hydronic and electric underfloor heating systems in the market. The hydronic UFH systems rely on hot water for in-floor heating, while electric UFH systems depend on electricity for their operations. Underfloor heating systems have numerous advantages over radiator heating systems and have become a viable method of space heating.

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 define, describe, and forecast the underfloor heating market based on type, offering, installation type & application, and region
  • To forecast the size of the market segments for four major regions—North America, Europe, Asia Pacific (APAC)
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To study the complete value chain and allied industry segments and perform a market value chain analysis.
  • To provide ecosystem analysis, case study analysis, patent analysis, technology analysis, pricing analysis, Porter’s five forces analysis, key stakeholders and buying criteria, key conferences and events, and regulatory bodies, government agencies, and regulations pertaining to the market
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies2.
  • Analyzing the opportunities in the market for stakeholders and describing the market's competitive landscape.
  • To analyze competitive developments such as collaborations, agreements, contracts, partnerships, mergers & acquisitions, product launches, and research & development (R&D) in the market

Available customizations:

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

  • Detailed analysis and profiling of additional market players (up to 5)
  • Additional country-level analysis of the underfloor heating market

Product Analysis

  • The product matrix provides a detailed comparison of the product portfolio of each company in the underfloor heating market.

Previous Versions of this Report

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
Published in Jun, 2023, By MarketsandMarkets™

Underfloor Heating Market with COVID-19 Impact Analysis by Offering (Hardware, Services), Product Type and Component (Hydronic, Electric), Installation Type (New, Retrofit), Application (Residential, Commercial), Region - Global Forecast to 2027

Report Code SE 3674
Published in Mar, 2022, By MarketsandMarkets™

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
Published in Apr, 2020, By MarketsandMarkets™

Underfloor Heating Market by Component (Heating Cables, Heating Mats, Sensor & Thermostat, Heating Pipes, Manifolds), Type (Hydronic Underfloor Heating, Electric Underfloor Heating), Application and Geography - Global Forecast to 2023

Report Code SE 3674
Published in Jul, 2017, By MarketsandMarkets™

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

Report Code SE 3674
Published in Aug, 2015, By MarketsandMarkets™

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Growth opportunities and latent adjacency in Underfloor Heating Market

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