Underfloor Heating Market

Underfloor Heating Market by Offering (Hardware, Services), Product Type and Component (Hydronic, Electric), Installation Type (New, Retrofit), Application (Residential, Commercial), Region (2022-2027)

Report Code: SE 3674 Mar, 2022, by marketsandmarkets.com

[214 Pages Report] Underfloor heating market size was valued at USD 4.8 billion in 2022 and is projected to reach USD 7.0 billion by 2027. It is expected to grow at a CAGR of 7.6% during the forecast period.

The growth of the underloor heating market is driven by rising demand for cost-effective heating solutions, government support and incentives for adoption of underfloor heating solutions, stringent building codes, and high level comfort and flexibility. Moreover, growing environmental concerns and increasing number of efficiency standards is likely to fuel the growth of the market.

Underfloor Heating Market

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COVID-19 Impact on the Global Underfloor Heating Market

In 2020, with the onset of the COVID-19 crisis, the world witnessed both health and economic impacts. The worldwide spread of this virus led to the closure of various manufacturing facilities and temporary halts in business operations. The underfloor heating ecosystem also witnessed disruption in the supply of underfloor heating components due to the global pandemic. There were restrictions on foreign trades due to the lockdown of international borders, non-operational distribution channels, and various precautionary measures undertaken for public health and safety. The pandemic badly affected the businesses of companies offering underfloor heating systems and their components. Companies offering systems and components reported a negative impact of the pandemic in the first two quarters of 2020. However, as the restrictions were slowly lifted and with the increasing demand from the end-user applications, the market observed a recovery in the second half of 2020. The market recovered to the pre-COVID-19 level in 2021.

Market Dynamics:

Driver: Government support and incentives for adoption of underfloor heating solutions

Underfloor heating systems are more expensive than their counterparts, such as radiators. For instance, 14 SEER heat pumps cost about USD 1,700, while 19 SEER heat pumps cost about USD 3,800. As a result, many state governments, local governments, and utilities have created financial incentives through tax credit and rebate programs to support the development of energy-efficient underfloor heating systems. For instance, in 2021, geothermal tax credit in the US allowed homeowners to claim 30% of the amount they spent on purchasing and installing a geothermal heat pump system from their federal income taxes. Upon its reinstatement in 2018, the tax credit had initially allowed homeowners to get 30% of the system's installation cost as a credit to their federal income taxes. However, the credit decreased in size over time. The incentive represents 26% of systems installed throughout 2022 as a credit to taxes, dropping to 22% at the start of 2023. The US government and various states across the country have announced tax credits for the use of efficient hydronic underfloor heating systems. The extent of the energy saver tax credit one can claim depends on the type of hydronic heating installed.

Restraint: Speed and responsiveness issues

pipe/cable is embedded in a solid floor. Hence, if used infrequently, underfloor heating is not considered an efficient system. Underfloor heating systems will require ~1–2 hours to thoroughly heat a room, while the radiator can heat the room within 20–30 minutes. A wooden floor can take about >1 hour to warm, while concrete can take more than a couple of hours. This may not be considered a disadvantage if the property is continuously occupied or the underfloor heating system is used as an alternative heating arrangement. However, it can be an issue if immediate warmth is required in a room, and the user depends on the underfloor system to provide it.

Opportunity: Technological advancements and digitalization in underfloor heating

Technological advancements and digitalization are expected to create significant opportunities for underfloor heating solutions providers. Digitalization is fueled by the accelerated pace of adoption of advanced technology-based products and solutions, such as smart meters, demand-based heating solutions, home automation, smart buildings, smart infrastructure, etc. Through these solutions, consumers can take an active part in balancing future heating requirements. Rapid technological developments drive down heating costs while increasing the efficiency of systems.

Challenge: Floor and setup issues during installation

Underfloor heating systems differ based on the floor type. Wooden floors require a low-capacity heat pump, whereas concrete floors demand high-capacity underfloor systems. Only experienced underfloor heating engineers can understand this requirement. Though heating mats are available to heat one part of the house, it will take some time for companies to introduce DIY systems for an entire home. Underfloor heating systems consist of many components, such as thermostats, manifolds, heat pumps, and boilers. There could be instances where underfloor heating systems do not heat the area as expected. Some of the reasons for this can be actuator failure, thermostat wiring issues in the case of wired thermostats, or battery issues in the case of wireless thermostats. Along with these, minor issues in heat pumps and boilers affect the overall functionality of an underfloor heating system. For the continuous proper functioning of underfloor heating systems, regular maintenance is required, which should be done only by experienced underfloor heating engineers. The requirement of continuous maintenance of each component has been a major challenge affecting the underfloor heating market.

The hardware segment to hold the largest size of the underfloor heating market by 2027

The growth of the hardware market can be attributed as they are the rising adoption of underfloor heating systems in the new building projects. Hardware components mainly include heating pipes, heating cables, distribution units, sensors, and control interfaces. Of the overall implementation cost of a underfloor heating system, hardware constitute for the major share.

The hydronic segment to hold the largest size of the underfloor heating market, while manifolds and valves will account for largest share of hydronic underfloor heating components market during the forecast period

Hydronic underfloor heating systems are expected to continue to hold a larger market share in the coming years. Hydronic underfloor heating systems are energy-efficient and sustainable solutions for heating a large area. They are suitable for applications in several floor surfaces such as marble, stone, slate, carpet, timber, and all varieties of tiles. Manifolds forms as the core of hydronic underfloor heating system and is a series of valves connecting the pipes that feed to different rooms in a house. Manifolds and valves enables proportionate heating by running adequate hot water through heating pipes.

“New installation market to account for the largest size of the underfloor heating market in 2022”

New installations market is likely to be market with the significant opportunities mainly because of rigorous energy-efficiency policies in many developed nations with changes in building regulations supporting sustainable homes. Underfloor heating systems also reduce the installation cost in new builds where developers use on-site laborers to install basic systems and use specialist contractors to commission and connect electric systems and boilers.

“Residential market for underfloor heating to grow at a significant rate during the forecast period”

The high growth of the underfloor heating market for residential applications 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 residential applications is mainly accounted for by the growing home renovation activities by residents in many developed nations. Underfloor heating is considered ideal for new buildings and residential structures and also becoming more popular for renovations because of the development of innovative technology implemented in the products in this segment. The growing trend of modern design has motivated consumers to create a clean and uncluttered look throughout their homes. Also, favorable government regulations and tax credit facilities on installing energy-efficient systems and a high focus on energy savings and minimizing energy bills have significantly contributed to the growth of market in residential applications.

“Europe projected to grow at highest CAGR for underfloor heating market from 2022 to 2027”

The market in this region is growing because Europe is moving toward a low-carbon economy and is focused on implementing energy efficiency policies. 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 European Union (EU) has targeted zero carbon emissions from buildings by 2050; the UK government is giving tax benefits to users of renewable energy systems. All these initiatives are likely to help the underfloor heating market grow at the highest CAGR during the forecast period.

Underfloor Heating Market by Region

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Key Market Players

A few of the key players in the underfloor heating market are Uponor (Finland), Resideo Technologies Inc. (US), nVent Electric (UK), Warmup (UK), Rehau (Switzerland), Emerson (US), Robert Bosch (Germany), Danfoss (Denmark), Mitsubishi Electric (Japan), and Siemens (Germany).

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Scope of the Report

Report Metric

Details

Market Size Availability for Years

2018–2027

Base Year

2021

Forecast Period

2022–2027

Forecast Units

Value (USD)

Segments Covered

By offering, product type and component, installation type, and application

Geographies Covered

North America, Europe, APAC, and RoW

Companies Covered

Uponor (Finland), Resideo Technologies Inc. (US), nVent Electric (UK), Warmup (UK), Rehau (Switzerland), Emerson (US), Robert Bosch (Germany), Danfoss (Denmark), Mitsubishi Electric (Japan), and Siemens (Germany) are the key players in the underfloor heating market.

A total of 25 players are covered.

This research report categorizes the underfloor heating market, by offering, product type and component, installation type, application, and region

By Offering:

  • Hardware
  • Service

By Product Type and Component:

  • Hydronic Underfloor Heating
    • Heating Pipes
    • Thermostats and Sensors
    • Thermal Actuators
    • Zone Valves
    • Wiring Centers
    • Manifolds and Valves
  • Electric Underfloor Heating
    • Heating Cables
    • Heating Mats
    • Thermostats and Sensors

By Installation Type:

  • New Installation
  • Retrofit Installation

By Application:

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

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Belgium
    • Netherlands
    • Spain
    • Italy
    • Denmark
    • Finland
    • Norway
    • Sweden
    • Poland
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC
  • Rest of the World (RoW)
    • Middle East and Africa
    • South America

Recent Developments

  • In November 2021, nVent Electric plc introduced advanced work packaging and heat mapping capabilities in its available software. It launched software that combines integrated heat management system (HMS) design capabilities with the client’s 3D plant modeling systems.
  • 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.
  • In June 2021, Warmup Inc. made a strategic partnership with Concora for a digital experience platform designed specifically for commercial building product manufacturers.
  • In January 2020, Emerson launched the Warm Tiles ColorTouch line of thermostats, including a WiFi-enabled version that gives consumers remote access to their systems from a mobile device or web browser designed to control in-floor heating systems easily and economically.
  • In October 2019, Rehau launched the RAUTITAN heating and plumbing system and RAUPIANO pipework system at the Specifi London building services event.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 22)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 UNDERFLOOR HEATING MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SCOPE
                    FIGURE 2 MARKET: GEOGRAPHIC SEGMENTATION
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 27)
    2.1 RESEARCH DATA
          FIGURE 3 MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 Major secondary sources
                    2.1.2.2 Key data from secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Breakdown of primaries
                    2.1.3.2 Key data from primary sources
                    2.1.3.3 Key industry insights
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for arriving at market size through bottom-up analysis (demand side)
                                FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for arriving at market size through top-down analysis (supply side)
                                FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
                                FIGURE 6 UNDERFLOOR HEATING MARKET: SUPPLY-SIDE APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
          FIGURE 7 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
    2.5 RISK ASSESSMENT
          TABLE 1 LIMITATIONS AND ASSOCIATED RISKS

3 EXECUTIVE SUMMARY (Page No. - 38)
    FIGURE 8 UNDERFLOOR HEATING MARKET SIZE, 2018–2027 (USD MILLION)
    FIGURE 9 HYDRONIC UNDERFLOOR HEATING TO HOLD LARGER MARKET SHARE IN 2027
    FIGURE 10 HARDWARE TO HOLD LARGEST SHARE OF MARKET,  BY OFFERING, IN 2027
    FIGURE 11 NEW INSTALLATIONS TO ACCOUNT FOR LARGEST SHARE OF MARKET, BY INSTALLATION TYPE, IN 2027
    FIGURE 12 RESIDENTIAL TO BE FASTEST-GROWING APPLICATION DURING  FORECAST PERIOD
    FIGURE 13 EUROPE HELD LARGEST SHARE OF MARKET IN 2022

4 PREMIUM INSIGHTS (Page No. - 43)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN MARKET
          FIGURE 14 GROWING DEMAND FOR COST-EFFECTIVE HEATING SYSTEMS TO  DRIVE MARKET FOR UNDERFLOOR HEATING
    4.2 UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE
          FIGURE 15 HYDRONIC UNDERFLOOR HEATING TO HOLD LARGER MARKET SHARE IN 2027
    4.3 MARKET, BY OFFERING
          FIGURE 16 HARDWARE TO HOLD LARGER MARKET SHARE IN 2027
    4.4 MARKET, BY INSTALLATION TYPE
          FIGURE 17 NEW INSTALLATIONS TO HAVE HIGHER OPPORTUNITIES DURING  FORECAST PERIOD
    4.5 UNDERFLOOR HEATING IN EUROPE,  BY COUNTRY AND APPLICATION
          FIGURE 18 UK AND RESIDENTIAL APPLICATIONS TO ACCOUNT FOR LARGEST MARKET SHARE IN EUROPE IN 2027
    4.6 MARKET, BY COUNTRY
          FIGURE 19 US TO ACCOUNT FOR LARGEST SHARE OF GLOBAL UNDERFLOOR HEATING MARKET IN 2027

5 MARKET OVERVIEW (Page No. - 46)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
          FIGURE 20 MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,  AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Rising demand for cost-effective heating solutions
                    5.2.1.2 Government support and incentives for adoption of underfloor heating solutions
                    5.2.1.3 Stringent building codes
                    5.2.1.4 High level of comfort and flexibility
                                FIGURE 21 MARKET: IMPACT ANALYSIS OF DRIVERS
           5.2.2 RESTRAINTS
                    5.2.2.1 Speed and responsiveness issues
                                FIGURE 22 UNDERFLOOR HEATING MARKET: IMPACT ANALYSIS OF RESTRAINTS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Technological advancements and digitalization in underfloor heating
                    5.2.3.2 Growing environmental concerns and increasing number of efficiency standards
                    5.2.3.3 IoT-enabled underfloor heating systems
                                FIGURE 23 MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
           5.2.4 CHALLENGES
                    5.2.4.1 Floor and setup issues during installation
                                FIGURE 24 MARKET: IMPACT ANALYSIS OF CHALLENGES
    5.3 VALUE CHAIN ANALYSIS
          FIGURE 25 RAW MATERIALS AND COMPONENTS SUPPLIERS AND ORIGINAL EQUIPMENT MANUFACTURERS COLLECTIVELY ADD MAJOR VALUE TO FINAL PRODUCT
    5.4 TECHNOLOGY ANALYSIS
           5.4.1 DIGITALIZATION AND INTEGRATION OF ADVANCED TECHNOLOGIES SUCH AS ARTIFICIAL INTELLIGENCE INTO UNDERFLOOR HEATING
           5.4.2 IMPACT OF IOT ON UNDERFLOOR HEATING MARKET
    5.5 ECOSYSTEM ANALYSIS
          FIGURE 26 MARKET: ECOSYSTEM
          TABLE 2 MARKET: ECOSYSTEM
    5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS
          FIGURE 27 REVENUE SHIFT FOR MARKET
    5.7 CASE STUDIES
           5.7.1 NDC PLUMBING AND HEATING INSTALL NU-HEAT SOLUTION FOR NEWLY BUILT LUXURY HOMES
           5.7.2 WARMUP INSTALLED ELECTRIC UNDERFLOOR HEATING AT SEVENOAKS BOARDING SCHOOL
           5.7.3 WARMUP PROVIDED HYBRID UNDERFLOOR HEATING SYSTEM FOR RESIDENTIAL REDEVELOPMENT PROJECT
    5.8 PRICING ANALYSIS
          TABLE 3 AVERAGE SELLING PRICES OF COMPONENTS OF UNDERFLOOR HEATING SYSTEMS OFFERED BY TOP COMPANIES, 2021
          TABLE 4 INDICATIVE PRICES OF COMPONENTS OF UNDERFLOOR HEATING SYSTEMS
           5.8.1 AVERAGE SELLING PRICES OF KEY PLAYERS, BY COMPONENTS
                    FIGURE 28 AVERAGE SELLING PRICES OF KEY PLAYERS FOR COMPONENTS
                    TABLE 5 AVERAGE SELLING PRICES OF KEY PLAYERS FOR COMPONENTS (USD)
    5.9 PORTER’S FIVE FORCES ANALYSIS
          TABLE 6 IMPACT OF PORTER’S FIVE FORCES ON UNDERFLOOR HEATING SYSTEM MARKET, 2021
    5.10 TRADE ANALYSIS
           FIGURE 29 IMPORTS DATA, BY COUNTRY, 2016–2020 (USD MILLION)
           FIGURE 30 EXPORTS DATA, BY COUNTRY, 2016–2020 (USD MILLION)
    5.11 PATENTS ANALYSIS
           FIGURE 31 NUMBER OF PATENTS GRANTED PER YEAR FROM 2012 TO 2021
           FIGURE 32 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN  LAST 10 YEARS
           TABLE 7 TOP 20 PATENT OWNERS IN LAST 10 YEARS
           TABLE 8 LIST OF FEW PATENTS IN MARKET, 2020–2021
    5.12 KEY CONFERENCES & EVENTS IN 2022–2023
           TABLE 9 UNDERFLOOR HEATING MARKET: DETAILED LIST OF CONFERENCES & EVENTS
           5.12.1 REGULATIONS AND STANDARDS
                     TABLE 10 REGULATIONS AND STANDARDS FOR UNDERFLOOR HEATING
           5.12.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND  OTHER ORGANIZATIONS
                     TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS
                     TABLE 14 REST OF WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND  OTHER ORGANIZATIONS

6 TYPES OF FLOOR COVERINGS (Page No. - 67)
    6.1 INTRODUCTION
          TABLE 15 COMPARISON OF TYPES OF FLOOR COVERINGS
          FIGURE 33 FLOOR TEMPERATURE REQUIRED FOR HIGHER OUTPUT FROM DIFFERENT  FLOOR COVERINGS
    6.2 TILES AND STONES
          TABLE 16 ADVANTAGES OF DIFFERENT TYPES OF FLOOR COVERINGS
    6.3 WOOD FLOORING
          TABLE 17 ADVANTAGES OF WOODEN FLOORING
    6.4 LAMINATE FLOORING
    6.5 VINYL FLOORING
    6.6 RUBBER AND CARPET FLOORING

7 UNDERFLOOR HEATING MARKET, BY OFFERING (Page No. - 71)
    7.1 INTRODUCTION
          FIGURE 34 HARDWARE SEGMENT TO HOLD LARGER SIZE OF MARKET, BY OFFERING, IN 2027
          TABLE 18 MARKET, BY OFFERING, 2018–2021 (USD MILLION)
          TABLE 19 MARKET, BY OFFERING, 2022–2027 (USD MILLION)
    7.2 HARDWARE
           7.2.1 HARDWARE FOR WET/HYDRONIC SYSTEMS TO DRIVE MARKET GROWTH
                    TABLE 20 MARKET, FOR HARDWARE, BY PRODUCT TYPE,  2018–2021 (USD MILLION)
                    TABLE 21 MARKET FOR HARDWARE, BY PRODUCT TYPE,  2022–2027 (USD MILLION)
    7.3 SERVICES
           7.3.1 PRODUCT-CENTRIC SERVICE SOLUTIONS OFFERED BY SERVICE PROVIDERS TO DRIVE MARKET GROWTH
                    TABLE 22 MARKET, FOR SERVICES, BY PRODUCT TYPE  2018–2021 (USD MILLION)
                    TABLE 23 MARKET, FOR SERVICES, BY PRODUCT TYPE  2022–2027 (USD MILLION)

8 UNDERFLOOR HEATING MARKET,  BY PRODUCT TYPE AND COMPONENT (Page No. - 75)
    8.1 INTRODUCTION
          FIGURE 35 MARKET FOR HYDRONIC UNDERFLOOR HEATING TO LEAD THROUGHOUT FORECAST PERIOD
          TABLE 24 MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
          TABLE 25 MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
    8.2 HYDRONIC UNDERFLOOR HEATING (WET SYSTEM)
          FIGURE 36 MANIFOLDS AND VALVES TO HOLD LARGEST SHARE OF HYDRONIC UNDERFLOOR HEATING HARDWARE MARKET IN 2022
          TABLE 26 HYDRONIC MARKET FOR HARDWARE, BY COMPONENTS,  2018–2021 (USD MILLION)
          TABLE 27 HYDRONIC MARKET FOR HARDWARE, BY COMPONENTS,  2022–2027 (USD MILLION)
          TABLE 28 HYDRONIC MARKET, BY INSTALLATION,  2018–2021 (USD MILLION)
          TABLE 29 HYDRONIC UNDERFLOOR HEATING MARKET, BY INSTALLATION,  2022–2027 (USD MILLION)
          TABLE 30 HYDRONIC MARKET, BY APPLICATION,  2018–2021 (USD MILLION)
          TABLE 31 HYDRONIC MARKET, BY APPLICATION,  2022–2027 (USD MILLION)
          TABLE 32 HYDRONIC MARKET, BY REGION, 2018–2021 (USD MILLION)
          TABLE 33 HYDRONIC MARKET, BY REGION, 2022–2027 (USD MILLION)
          TABLE 34 HYDRONIC MARKET FOR RESIDENTIAL APPLICATIONS,  BY REGION, 2018–2021 (USD MILLION)
          TABLE 35 HYDRONIC MARKET FOR RESIDENTIAL APPLICATIONS,  BY REGION, 2022–2027 (USD MILLION)
          TABLE 36 HYDRONIC MARKET FOR COMMERCIAL APPLICATIONS,  BY REGION, 2018–2021 (USD MILLION)
          TABLE 37 HYDRONIC MARKET, FOR COMMERCIAL APPLICATIONS,  BY REGION, 2022–2027 (USD MILLION)
          TABLE 38 HYDRONIC MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION, 2018–2021 (USD MILLION)
          TABLE 39 HYDRONIC UNDERFLOOR HEATING MARKET, FOR INDUSTRIAL APPLICATIONS,  BY REGION, 2022–2027 (USD MILLION)
          TABLE 40 HYDRONIC MARKET, FOR HEALTHCARE APPLICATIONS,  BY REGION, 2018–2021 (USD MILLION)
          TABLE 41 HYDRONIC MARKET, FOR HEALTHCARE APPLICATIONS,  BY REGION, 2022–2027 (USD MILLION)
          TABLE 42 HYDRONIC MARKET, FOR SPORTS & ENTERTAINMENT APPLICATIONS, BY REGION, 2018–2021 (USD MILLION)
          TABLE 43 HYDRONIC MARKET, FOR SPORTS & ENTERTAINMENT APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)
          TABLE 44 HYDRONIC MARKET, FOR OTHER APPLICATIONS, BY REGION, 2018–2021 (USD MILLION)
          TABLE 45 HYDRONIC MARKET, FOR OTHER APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)
           8.2.1 HEATING PIPES
                    8.2.1.1 Heating pipes are installed within floor structure
           8.2.2 THERMOSTATS AND SENSORS
                    8.2.2.1 Sensors and thermostats measure temperature to control flow of heating medium
           8.2.3 THERMAL ACTUATORS
                    8.2.3.1 Thermal actuators are used to sense temperature
           8.2.4 ZONE VALVES
                    8.2.4.1 Zone valves are used to control heating operations of different zones of buildings
           8.2.5 WIRING CENTRES
                    8.2.5.1 Wiring centers operate as hubs to control heating systems and thermostats
           8.2.6 MANIFOLDS AND VALVES
                    8.2.6.1 Manifolds help control temperature in different rooms by opening and closing valves according to requirement
    8.3 ELECTRIC UNDERFLOOR HEATING (DRY SYSTEM)
          FIGURE 37 HEATING MATS TO HOLD LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD
          TABLE 46 ELECTRIC MARKET FOR HARDWARE, BY COMPONENT,  2018–2021 (USD MILLION)
          TABLE 47 ELECTRIC MARKET FOR HARDWARE, BY COMPONENT,  2022–2027 (USD MILLION)
          TABLE 48 ELECTRIC UNDERFLOOR HEATING MARKET, BY INSTALLATION TYPE,  2018–2021 (USD MILLION)
          TABLE 49 ELECTRIC MARKET, BY INSTALLATION,  2022–2027 (USD MILLION)
          TABLE 50 ELECTRIC MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
          TABLE 51 ELECTRIC MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
          TABLE 52 ELECTRIC MARKET, BY REGION, 2018–2021 (USD MILLION)
          TABLE 53 ELECTRIC MARKET, BY REGION, 2022–2027 (USD MILLION)
          TABLE 54 ELECTRIC MARKET FOR RESIDENTIAL APPLICATIONS, BY REGION, 2018–2021 (USD MILLION)
          TABLE 55 ELECTRIC MARKET FOR RESIDENTIAL APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)
          TABLE 56 ELECTRIC MARKET FOR COMMERCIAL APPLICATIONS,  BY REGION, 2018–2021 (USD MILLION)
          TABLE 57 ELECTRIC MARKET FOR COMMERCIAL APPLICATIONS,  BY REGION, 2022–2027 (USD MILLION)
          TABLE 58 ELECTRIC MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION, 2018–2021 (USD MILLION)
          TABLE 59 ELECTRIC MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)
          TABLE 60 ELECTRIC MARKET FOR HEALTHCARE APPLICATIONS, BY REGION, 2018–2021 (USD MILLION)
          TABLE 61 ELECTRIC MARKET FOR HEALTHCARE APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)
          TABLE 62 ELECTRIC MARKET FOR SPORTS & ENTERTAINMENT APPLICATIONS, BY REGION, 2018–2021 (USD MILLION)
          TABLE 63 ELECTRIC UNDERFLOOR HEATING MARKET FOR SPORTS & ENTERTAINMENT APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)
          TABLE 64 ELECTRIC MARKET FOR OTHER APPLICATIONS, BY REGION, 2018–2021 (USD MILLION)
          TABLE 65 ELECTRIC MARKET FOR OTHER APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)
           8.3.1 HEATING CABLE
                    8.3.1.1 Heating cables are either laid in screed or beneath tiled floors
           8.3.2 HEATING MATS
                    8.3.2.1 Heating mats find importance in DIY-based underfloor heating systems
           8.3.3 THERMOSTATS AND SENSORS
                    8.3.3.1 Sensors and thermostats are used to monitor and maintain floor temperature at highest efficiency

9 UNDERFLOOR HEATING MARKET, BY SUBSYSTEM (Page No. - 94)
    9.1 INTRODUCTION
          FIGURE 38 MARKET FOR HEATING SYSTEMS HELD LARGEST SHARE IN 2021
    9.2 HEATING SYSTEMS
           9.2.1 PIPES AND CABLES
                    9.2.1.1 Pipes and cables required to transfer heat to floor
           9.2.2 DISTRIBUTION UNITS
                    9.2.2.1 Distribution units are responsible for displacing hot working fluid from heating system to heat exchangers and back
    9.3 CONTROL SYSTEMS
           9.3.1 SENSORS
                    9.3.1.1 Sensors are used to measure temperature of underfloor heating
           9.3.2 CONTROL INTERFACE
                    9.3.2.1 Control interfaces are centrally located panels that control thermostats in the heating system

10 UNDERFLOOR HEATING MARKET, BY INSTALLATION TYPE (Page No. - 96)
     10.1 INTRODUCTION
             FIGURE 39 NEW INSTALLATIONS TO DOMINATE UNDERFLOOR HEATING MARKET FROM 2022 TO 2027
             TABLE 66 MARKET, BY INSTALLATION TYPE, 2018–2021 (USD MILLION)
             TABLE 67 MARKET, BY INSTALLATION TYPE, 2022–2027 (USD MILLION)
     10.2 NEW INSTALLATIONS/NEW BUILDING
             10.2.1 HIGHER ADOPTION OF UNDERFLOOR HEATING SYSTEMS IN NEW INFRASTRUCTURES DUE TO ENERGY EFFICIENCY STANDARDS LAID BY GOVERNMENT
                        TABLE 68 MARKET FOR NEW INSTALLATIONS, BY PRODUCT TYPE,  2018–2021 (USD MILLION)
                        TABLE 69 MARKET FOR NEW INSTALLATION, BY PRODUCT TYPE,  2022–2027 (USD MILLION)
     10.3 RETROFIT INSTALLATIONS/EXISTING BUILDING
             10.3.1 HIGH ADOPTION OF HYDRONIC UNDERFLOOR HEATING SYSTEMS IN COMPLETE RENOVATION PROJECTS
                        TABLE 70 MARKET FOR RETROFIT INSTALLATIONS, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
                        TABLE 71 MARKET FOR RETROFIT INSTALLATIONS, BY PRODUCT TYPE, 2022–2027 (USD MILLION)

11 CONNECTION TYPES OF UNDERFLOOR HEATING (Page No. - 101)
     11.1 INTRODUCTION
     11.2 CONNECTED
             11.2.1 NEW TECHNOLOGY INTEGRATION HAVE IMPROVED FUNCTIONALITY OF UNDERFLOOR HEATING SYSTEMS
     11.3 NON-CONNECTED
             11.3.1 MOST UNDERFLOOR HEATING SYSTEMS ARE NON-CONNECTED AND MAJORLY PREFERRED IN VARIOUS APPLICATIONS

12 UNDERFLOOR HEATING MARKET, BY APPLICATION (Page No. - 102)
     12.1 INTRODUCTION
             FIGURE 40 RESIDENTIAL APPLICATIONS TO DOMINATE UNDERFLOOR HEATING MARKET DURING FORECAST PERIOD
             TABLE 72 MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 73 MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
     12.2 RESIDENTIAL
             12.2.1 SINGLE-FAMILY HOUSE
                        12.2.1.1 Water-based underfloor heating and cooling systems are preferred for single-family houses
             12.2.2 APARTMENT
                        12.2.2.1 Underfloor heating is increasingly being used in new buildings
                                      TABLE 74 MARKET FOR RESIDENTIAL APPLICATIONS, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
                                      TABLE 75 MARKET FOR RESIDENTIAL APPLICATIONS, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
                                      TABLE 76 MARKET FOR RESIDENTIAL APPLICATIONS, BY REGION,  2018–2021 (USD MILLION)
                                      TABLE 77 MARKET FOR RESIDENTIAL APPLICATIONS, BY REGION,  2022–2027 (USD MILLION)
     12.3 COMMERICAL
             TABLE 78 MARKET FOR COMMERCIAL APPLICATIONS, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
             TABLE 79 MARKET FOR COMMERCIAL APPLICATIONS, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
             TABLE 80 UNDERFLOOR HEATING MARKET FOR COMMERCIAL APPLICATIONS, BY REGION, 2018–2021 (USD MILLION)
             TABLE 81 MARKET FOR COMMERCIAL APPLICATIONS, BY REGION,  2022–2027 (USD MILLION)
             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 HEALTHCARE
             12.4.1 UNDERFLOOR HEATING SYSTEMS ARE SIMPLE, SAFE, ENERGY-EFFICIENT, LOW MAINTENANCE, AND HYGIENIC SOLUTIONS SUITABLE FOR HEALTHCARE SECTOR
                        TABLE 82 MARKET FOR HEALTHCARE APPLICATIONS, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
                        TABLE 83 MARKET FOR HEALTHCARE APPLICATIONS, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
                        TABLE 84 MARKET FOR HEALTHCARE APPLICATIONS, BY REGION,  2018–2021 (USD MILLION)
                        TABLE 85 MARKET FOR HEALTHCARE APPLICATIONS, BY REGION,  2022–2027 (USD MILLION)
     12.5 SPORTS & ENTERTAINMENT
             12.5.1 UNDERFLOOR HEATING SYSTEMS ARE USED IN SPORTS FIELDS FOR BEING WARMER THAN ANY OTHER HEATING SOURCE
                        TABLE 86 MARKET FOR SPORTS & ENTERTAINMENT APPLICATIONS,  BY PRODUCT TYPE, 2018–2021 (USD MILLION)
                        TABLE 87 MARKET FOR SPORTS & ENTERTAINMENT APPLICATIONS,  BY PRODUCT TYPE, 2022–2027 (USD MILLION)
                        TABLE 88 MARKET FOR SPORTS & ENTERTAINMENT APPLICATIONS,  BY REGION, 2018–2021 (USD MILLION)
                        TABLE 89 UNDERFLOOR HEATING MARKET FOR SPORTS & ENTERTAINMENT APPLICATIONS,  BY REGION, 2022–2027 (USD MILLION)
     12.6 INDUSTRIAL
             12.6.1 UNDERFLOOR HEATING SYSTEMS ARE USED IN FACTORIES, AIRCRAFT HANGARS, HIGH-SPEED TRAIN DEPOTS, SPARE PARTS DEPOTS, GAS STATIONS, CAR WASH CENTRES, AND CALL CENTERS
                        TABLE 90 MARKET FOR INDUSTRIAL APPLICATIONS, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
                        TABLE 91 MARKET FOR INDUSTRIAL APPLICATIONS, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
                        TABLE 92 MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION,  2018–2021 (USD MILLION)
                        TABLE 93 MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)
     12.7 OTHERS
             12.7.1 WIDE ADOPTION OF UNDERFLOOR HEATING SYSTEMS IN EDUCATION SECTOR TO DRIVE GROWTH OF MARKET
                        TABLE 94 MARKET FOR OTHER APPLICATIONS, BY PRODUCT TYPE,  2018–2021 (USD MILLION)
                        TABLE 95 MARKET FOR OTHER APPLICATIONS, BY PRODUCT TYPE,  2022–2027 (USD MILLION)
                        TABLE 96 MARKET FOR OTHER APPLICATIONS, BY REGION,  2018–2021 (USD MILLION)
                        TABLE 97 UNDERFLOOR HEATING MARKET FOR OTHER APPLICATIONS, BY REGION,  2022–2027 (USD MILLION)

13 GEOGRAPHIC ANALYSIS (Page No. - 117)
     13.1 INTRODUCTION
             FIGURE 41 MARKET: GEOGRAPHIC SNAPSHOT
             TABLE 98 MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 99 MARKET, BY REGION, 2022–2027 (USD MILLION)
     13.2 NORTH AMERICA
             FIGURE 42 NORTH AMERICA: UNDERFLOOR HEATING MARKET SNAPSHOT
             TABLE 100 MARKET IN NORTH AMERICA, BY COUNTRY,  2018–2021 (USD MILLION)
             TABLE 101 MARKET IN NORTH AMERICA, BY COUNTRY,  2022–2027 (USD MILLION)
             TABLE 102 MARKET IN NORTH AMERICA, BY APPLICATION,  2018–2021 (USD MILLION)
             TABLE 103 MARKET IN NORTH AMERICA, BY APPLICATION,  2022–2027 (USD MILLION)
             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
             FIGURE 43 EUROPE: UNDERFLOOR HEATING MARKET SNAPSHOT
             TABLE 104 MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 105 MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
             TABLE 106 MARKET IN EUROPE, BY APPLICATION,  2018–2021 (USD MILLION)
             TABLE 107 MARKET IN EUROPE, BY APPLICATION,  2022–2027 (USD MILLION)
             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 FRANCE
                        13.3.3.1 Supportive government initiatives to reduce carbon footprints
             13.3.4 BELGIUM
                        13.3.4.1 Growth in residential sector to drive demand for heating systems in Belgium
             13.3.5 NETHERLANDS
                        13.3.5.1 Economic growth is driving growth of underfloor heating in Netherlands
             13.3.6 SPAIN
                        13.3.6.1 Growth of large-scale infrastructural developments to drive demand for heating systems in Spain
             13.3.7 ITALY
                        13.3.7.1 Energy-efficient underfloor heating systems are fostering market growth
             13.3.8 DENMARK
                        13.3.8.1 District heating expected to play important role in underfloor heating systems in Denmark
             13.3.9 FINLAND
                        13.3.9.1 Presence of global players in Finland driving underfloor heating market
             13.3.10 NORWAY
                        13.3.10.1 Underfloor heating is highly efficient under negative temperature of Norway
             13.3.11 SWEDEN
                        13.3.11.1 Renewable energy sources are being used in underfloor heating systems
             13.3.12 POLAND
                        13.3.12.1 Regional Operational Programmes of EU are driving growth of underfloor heating in Poland
             13.3.13 RUSSIA
                        13.3.13.1 Strong need to employ energy-efficient solutions to support energy savings in Russia
             13.3.14 REST OF EUROPE
     13.4 ASIA PACIFIC
             FIGURE 44 ASIA PACIFIC: UNDERFLOOR HEATING MARKET SNAPSHOT
             TABLE 108 MARKET IN APAC, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 109 MARKET IN APAC, BY COUNTRY, 2022–2027 (USD MILLION)
             TABLE 110 MARKET IN APAC, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 111 MARKET IN APAC, BY APPLICATION,  2022–2027 (USD MILLION)
             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)
             TABLE 112 MARKET IN ROW, BY REGION, 2018–2021 (USD BILLION)
             TABLE 113 MARKET IN ROW, BY REGION, 2022–2027 (USD BILLION)
             TABLE 114 MARKET IN ROW, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 115 MARKET IN ROW, BY APPLICATION, 2022–2027 (USD MILLION)
             13.5.1 MIDDLE EAST & AFRICA
                        13.5.1.1 Market growth in Middle East 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. - 137)
     14.1 OVERVIEW
     14.2 REVENUE ANALYSIS OF TOP FIVE COMPANIES
             FIGURE 45 UNDERFLOOR HEATING MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2017–2021
     14.3 KEY PLAYER STRATEGIES/RIGHT TO WIN
             TABLE 116 OVERVIEW OF STRATEGIES ADOPTED BY VENDORS OF MARKET
     14.4 MARKET SHARE ANALYSIS, 2021
             TABLE 117 MARKET: MARKET SHARE ANALYSIS (2021)
     14.5 COMPANY EVALUATION QUADRANT
             14.5.1 STAR
             14.5.2 EMERGING LEADER
             14.5.3 PERVASIVE
             14.5.4 PARTICIPANT
                        FIGURE 46 UNDERFLOOR HEATING MARKET: COMPANY EVALUATION QUADRANT, 2021
     14.6 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION  QUADRANT, 2021
             14.6.1 PROGRESSIVE COMPANY
             14.6.2 RESPONSIVE COMPANY
             14.6.3 DYNAMIC COMPANY
             14.6.4 STARTING BLOCK
                        FIGURE 47 MARKET: SME EVALUATION QUADRANT, 2021
     14.7 MARKET: COMPANY FOOTPRINT
             TABLE 118 COMPANY FOOTPRINT
             TABLE 119 APPLICATION FOOTPRINT OF COMPANIES
             TABLE 120 PRODUCT FOOTPRINT OF COMPANIES
             TABLE 121 REGIONAL FOOTPRINT OF COMPANIES
     14.8 STARTUP EVALUATION MATRIX
             TABLE 122 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
             TABLE 123 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     14.9 COMPETITIVE SITUATIONS AND TRENDS
             14.9.1 MARKET: PRODUCT LAUNCHES,  APRIL 2019–DECEMBER 2021
             14.9.2 MARKET: DEALS, APRIL 2019–DECEMBER 2021

15 COMPANY PROFILES (Page No. - 152)
     15.1 KEY PLAYERS
(Business Overview, Products, Recent Developments, MnM View)*
             15.1.1 UPONOR CORPORATION
                        TABLE 124 UPONOR: BUSINESS OVERVIEW
                        FIGURE 48 UPONOR CORPORATION: COMPANY SNAPSHOT
                        TABLE 125 UPONOR CORPORATION: PRODUCTS OFFERED
             15.1.2 RESIDEO TECHNOLOGIES INC
                        TABLE 126 RESIDEO TECHNOLOGIES INC: BUSINESS OVERVIEW
                        FIGURE 49 RESIDEO TECHNOLOGIES INC: COMPANY SNAPSHOT
                        TABLE 127 RESIDEO TECHNOLOGIES INC: PRODUCT OFFERINGS
             15.1.3 NVENT ELECTRIC PLC
                        TABLE 128 NVENT ELECTRIC PLC: BUSINESS OVERVIEW
                        FIGURE 50 NVENT ELECTRIC PLC: COMPANY SNAPSHOT
                        TABLE 129 NVENT ELECTRIC PLC: PRODUCT OFFERINGS
             15.1.4 WARMUP
                        TABLE 130 WARMUP: BUSINESS OVERVIEW
                        TABLE 131 WARMUP: PRODUCT OFFERINGS
             15.1.5 REHAU
                        TABLE 132 REHAU: BUSINESS OVERVIEW
                        FIGURE 51 REHAU: COMPANY SNAPSHOT
                        TABLE 133 REHAU: PRODUCT OFFERINGS
             15.1.6 EMERSON ELECTRIC CO.
                        TABLE 134 EMERSON ELECTRIC CO.: BUSINESS OVERVIEW
                        FIGURE 52 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
                        TABLE 135 EMERSON ELECTRIC CO.: PRODUCT OFFERINGS
             15.1.7 ROBERT BOSCH GMBH
                        TABLE 136 ROBERT BOSCH GMBH: BUSINESS OVERVIEW
                        FIGURE 53 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
                        TABLE 137 ROBERT BOSCH GMBH: PRODUCT OFFERINGS
             15.1.8 DANFOSS
                        TABLE 138 DANFOSS: BUSINESS OVERVIEW
                        FIGURE 54 DANFOSS: COMPANY SNAPSHOT
                        TABLE 139 DANFOSS: PRODUCT OFFERINGS
             15.1.9 MITSUBISHI ELECTRIC
                        TABLE 140 MITSUBISHI ELECTRIC: BUSINESS OVERVIEW
                        FIGURE 55 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT
                        TABLE 141 MITSUBISHI ELECTRIC: PRODUCT OFFERINGS
             15.1.10 SIEMENS AG
                        TABLE 142 SIEMENS AG: BUSINESS OVERVIEW
                        FIGURE 56 SIEMENS AG: COMPANY SNAPSHOT
                        TABLE 143 SIEMENS AG: PRODUCT OFFERINGS
             15.1.11 SCHNEIDER ELECTRIC
                        TABLE 144 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
                        FIGURE 57 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
                        TABLE 145 SCHNEIDER ELECTRIC: PRODUCT OFFERINGS
             15.1.12 INCOGNITO HEAT CO.
                        TABLE 146 INCOGNITO HEAT CO.: BUSINESS OVERVIEW
                        TABLE 147 INCOGNITO HEAT CO.: PRODUCT OFFERINGS
     15.2 OTHER PLAYERS
             15.2.1 MYSON
                        TABLE 148 MYSON: BUSINESS OVERVIEW
             15.2.2 THERMOSOFT INTERNATIONAL CORPORATION
                        TABLE 149 THERMOSOFT INTERNATIONAL CORPORATION: BUSINESS OVERVIEW
             15.2.3 FLEXEL INTERNATIONAL
                        TABLE 150 FLEXEL INTERNATIONAL: BUSINESS OVERVIEW
             15.2.4 NEXANS
                        TABLE 151 NEXANS: BUSINESS OVERVIEW
             15.2.5 AMUHEAT
                        TABLE 152 AMUHEAT: BUSINESS OVERVIEW
             15.2.6 ESI HEATING AND COOLING
                        TABLE 153 ESI HEATING AND COOLING: BUSINESS OVERVIEW
             15.2.7 JANES RADIANT
                        TABLE 154 JANES RADIANT: BUSINESS OVERVIEW
             15.2.8 WARMAFLOOR
                        TABLE 155 WARMAFLOOR: BUSINESS OVERVIEW
             15.2.9 RAYOTEC LTD
                        TABLE 156 RAYOTEC LTD: BUSINESS OVERVIEW
             15.2.10 RBT UNDERFLOOR LTD
                        TABLE 157 RBT UNDERFLOOR LTD: BUSINESS OVERVIEW
             15.2.11 UHEAT
                        TABLE 158 UHEAT: BUSINESS OVERVIEW
             15.2.12 SOLFEX LTD
                        TABLE 159 SOLFEX LTD: BUSINESS OVERVIEW
             15.2.13 SCHLUTER-SYSTEMS
                        TABLE 160 SCHLάTER-SYSTEMS: BUSINESS OVERVIEW

*Details on Business Overview, Products, Recent Developments, MnM View might not be captured in case of unlisted companies.

16 ADJACENT & RELATED MARKETS (Page No. - 196)
     16.1 INTRODUCTION
     16.2 LIMITATIONS
     16.3 HVAC SYSTEM MARKET, BY HEATING EQUIPMENT
             TABLE 161 HVAC SYSTEM MARKET, BY HEATING EQUIPMENT, 2017–2020 (USD BILLION)
             TABLE 162 HVAC SYSTEM MARKET, BY HEATING EQUIPMENT, 2021–2026 (USD BILLION)
             TABLE 163 HVAC SYSTEM MARKET FOR HEATING EQUIPMENT, BY APPLICATION,  2017–2020 (USD BILLION)
             TABLE 164 HVAC SYSTEM MARKET FOR HEATING EQUIPMENT, BY APPLICATION,  2021–2026 (USD BILLION)
             TABLE 165 HVAC SYSTEM MARKET FOR HEATING EQUIPMENT, BY REGION,  2017–2020 (USD BILLION)
             TABLE 166 HVAC SYSTEM MARKET FOR HEATING EQUIPMENT, BY REGION,  2021–2026 (USD BILLION)
     16.4 HEAT PUMPS
             16.4.1 GOVERNMENT SUPPORT TO BOOST GROWTH OF HEAT PUMPS MARKET
                        16.4.1.1 Air-to-air heat pumps
                        16.4.1.2 Air-to-water heat pumps
                        16.4.1.3 Water-to-water heat pumps
                                      TABLE 167 HVAC SYSTEM MARKET, FOR HEAT PUMP, BY APPLICATION, 2017–2020 (USD BILLION)
                                      TABLE 168 HVAC SYSTEM MARKET FOR HEAT PUMP, BY APPLICATION, 2021–2026 (USD BILLION)
                                      TABLE 169 HVAC SYSTEM MARKET FOR HEAT PUMP, BY REGION, 2017–2020 (USD BILLION)
                                      TABLE 170 HVAC SYSTEM MARKET FOR HEAT PUMP, BY REGION, 2021–2026 (USD BILLION)
     16.5 FURNACES
             16.5.1 LOW COST AND HIGH EFFICIENCY TO FUEL DEMAND FOR ELECTRIC FURNACES
                        16.5.1.1 Oil furnaces
                        16.5.1.2 Gas furnaces
                        16.5.1.3 Electric furnaces
                                      TABLE 171 HVAC SYSTEM MARKET FOR FURNACE, BY APPLICATION, 2017–2020 (USD BILLION)
                                      TABLE 172 HVAC SYSTEM MARKET FOR FURNACE, BY APPLICATION, 2021–2026 (USD BILLION)
                                      TABLE 173 HVAC SYSTEM MARKET FOR FURNACE, BY REGION, 2017–2020 (USD BILLION)
                                      TABLE 174 HVAC SYSTEM MARKET FOR FURNACE, BY REGION, 2021–2026 (USD BILLION)
     16.6 UNITARY HEATERS
             16.6.1 HIGH EFFICIENCY OF UNITARY HEATERS TO BOOST MARKET GROWTH
                        16.6.1.1 Gas unit heaters
                        16.6.1.2 Oil-fired unit heaters
                        16.6.1.3 Electric unit heaters
                                      TABLE 175 HVAC SYSTEM MARKET FOR UNITARY HEATER, BY APPLICATION,  2017–2020 (USD BILLION)
                                      TABLE 176 HVAC SYSTEM MARKET FOR UNITARY HEATER, BY APPLICATION,  2021–2026 (USD BILLION)
                                      TABLE 177 HVAC SYSTEM MARKET FOR UNITARY HEATER, BY REGION, 2017–2020 (USD MILLION)
                                      TABLE 178 HVAC SYSTEM MARKET FOR UNITARY HEATER, BY REGION, 2021–2026 (USD MILLION)
     16.7 BOILERS
             16.7.1 RESIDENTIAL SEGMENT TO HOLD LARGEST SHARE OF HVAC SYSTEM MARKET FOR BOILERS
                        16.7.1.1 Steam boilers
                        16.7.1.2 Hot water boilers
                                      TABLE 179 HVAC SYSTEM MARKET FOR BOILER, BY APPLICATION, 2017–2020 (USD BILLION)
                                      TABLE 180 HVAC SYSTEM MARKET FOR BOILER, BY APPLICATION, 2021–2026 (USD BILLION)
                                      TABLE 181 HVAC SYSTEM MARKET FOR BOILER, BY REGION, 2017–2020 (USD MILLION)
                                      TABLE 182 HVAC SYSTEM MARKET FOR BOILER, BY REGION, 2021–2026 (USD MILLION)

17 APPENDIX (Page No. - 207)
     17.1 DISCUSSION GUIDE
     17.2 KNOWLEDGE STORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL
     17.3 AVAILABLE CUSTOMIZATIONS
     17.4 RELATED REPORTS
     17.5 AUTHOR DETAILS

The study involved four major activities in estimating the size of the underfloor heating market. Exhaustive secondary research has been carried out to collect information on the market, the peer markets, and the parent market. Both top-down and bottom-up approaches have been employed to estimate the total market size. Market breakdown and data triangulation methods have also been used to estimate the market for segments and subsegments.

Secondary Research

In the secondary research process, various sources have been referred to for identifying and collecting information for this study on the underfloor heating market. Secondary sources considered for this research study include government sources; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and professional associations. Secondary data has been collected and analyzed to arrive at the overall market size, which has been further validated through primary research.

Secondary research has been mainly used to obtain key information about the supply chain of the underfloor heating industry to identify the key players based on their products, as well as to identify the prevailing industry trends in the underfloor heating market based on offering, product type and component, installation type, application, and region. It also includes information about the key developments undertaken from both markets- and technology-oriented perspectives.

Primary Research

Extensive primary research has been conducted after understanding and analyzing the current scenario of the underfloor heating market through secondary research. Several primary interviews have been conducted with key opinion leaders from both the demand and supply sides across four major regions: North America, Europe, APAC, and RoW. Approximately 25% of the primary interviews have been conducted with the demand side, while 75% have been conducted with the supply side. This primary data has been collected mainly through telephonic interviews, which account for 80% of the total primary interviews. Questionnaires and e-mails have also been used to collect data.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:

Underfloor Heating Market Size, and Share

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

Market Size Estimation

The bottom-up procedure has been employed to arrive at the overall size of the underfloor heating market.

  • Identifying various types of underfloor heating systems
  • Analyzing the penetration of each type through secondary and primary research
  • Analyzing the penetration of underfloor heating systems based on different components and offerings through secondary and primary research
  • Conducting multiple discussion sessions with key opinion leaders to understand different types of underfloor heating systems and their implementation in multiple applications, which would help analyze the break-up of the scope of work carried out by each major company
  • Verifying and crosschecking the estimates at every level with key opinion leaders, including CEOs, directors, operation managers, and the MarketsandMarkets domain experts
  • Studying various paid and unpaid sources of information such as annual reports, press releases, white papers, and databases

Underfloor Heating Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

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

  • Focusing initially on the top-line investments and expenditures being made in the ecosystem of the underfloor heating market. Further splitting the key market areas into types, components, offerings, installation types, and applications and listing key developments
  • Identifying all major players in the underfloor heating market by type, component, offering, installation type, and application through secondary research and fully verified with a brief discussion with industry experts
  • Analyzing revenue, product mix, geographic presence, and key applications served by all identified players to estimate and arrive at percentage splits for all key segments
  • Discussing these splits with industry experts to validate the information and identify key growth pockets across all key segments
  • Breaking down the total market based on verified splits and key growth pockets across all segments

Underfloor Heating Market Size, and Share

Data Triangulation

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

Report Objectives

  • To define and forecast the size of the underfloor heating market segmented by product type and component, installation type, offering, and application, in terms of value
  • To describe and forecast the size of the market for four key regions: North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), along with their key countries
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of the market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the underfloor heating ecosystem
  • To strategically profile key players and comprehensively analyze their market position in terms of their ranking and core competencies2, along with a detailed competitive landscape for market leaders
  • To analyze key growth strategies such as product launches and acquisitions adopted by the key market players to enhance their position in the market

Available Customizations:

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

Company Information:

  • Detailed analysis and profiling of additional market players based on various blocks of the value chain.
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Published ON
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