Underfloor Heating Market by Offering (Hardware, Services), Product Type and Component (Hydronic, Electric), Installation Type (New, Retrofit), Application (Residential, Commercial), Region (2022-2027)
[214 Pages Report] The global 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 theunderloor heating market is driven stringent building codes and high level comfort and flexibility offered by underfloor heating systems. Technological advancements and digitalization in underfloor heating systems and IoT enabled underfloor heating systems are expected to create growth opportunities for the market. However, speed and responsiveness issues pertaining to underfloor systems might restrain the growth of the market.
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Market Dynamics:
Why is demand for underfloor heating solutions increasing over traditional heating solutions?
In traditional heating solutions, a specific type of heat source is used, e.g., coal, oil, or natural gas; this implies that the heating bill is entirely dependent on the price of the fuel used. Underfloor heating is an excellent substitute for traditional methods. It removes the need for radiators and other conventional heating methods, thus freeing valuable space in a room. In addition, underfloor heating is highly flexible when it comes to the choice of heat source; it can accommodate almost all heat sources, including wind, solar, and electricity, among others.
Another advantage of underfloor heating is that it heats rooms much more efficiently than traditional methods, such as radiators. This is because radiators work by heating the air around them. As radiators are generally positioned at the side of a room, they end up only heating the air in their immediate vicinity. After the radiator has heated this area, most of the heat will escape upward and not spread much further to heat the rest of the room. An underfloor heating system, on the other hand, heats the room evenly from below. This enables almost all the heat produced to go directly into heating the room where the system is installed. Moreover, as radiators are largely inefficient at warming the rooms they are in, they need to operate at higher temperatures to achieve the desired results. In comparison, underfloor heating solutions can operate at much lower temperatures and still effectively maintain an intended level of warmth. This can save the money spent on gas and electricity bills.
What are the technical factors that are affecting market growth?
An underfloor heating system takes more response time than other heating systems, especially where the 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 ~12 hours to thoroughly heat a room, while the radiator can heat the room within 2030 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.
What are the technological advancements expected to fuel the growth of the market?
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.
What are setup issues pertaining to the installation of underfloor heating system?
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.
Residential market for underfloor heating to grow at a significant rateduring 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 the underfloor heating 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 the underfloor heating market in residential applications.
Europe projected to grow at highest CAGR for underfloor heating marketfrom 2022 to 2027
The market in this regionis growing because Europe is moving toward a low-carbon economy and is focused on implementingenergy efficiency policies.Also, higher levels of insulation, driven by the regulatory requirements andgovernment initiatives, contribute to a reduction in the overall heating load, making underfloor heating amore 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 energysystems. All these initiatives are likely to help the underfloor heating market grow at the highest CAGRduring the forecast period.
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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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Report Metric |
Details |
|
Market Size Availability for Years |
20182027 |
|
Base Year |
2021 |
|
Forecast Period |
20222027 |
|
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 clients 3D plant modeling systems.
- InNovember 2021, Uponor Corporation acquired Capricorn S.A. to expand its European network of production plants. This acquisition complemented Uponors 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):
Which are the major companies in the underfloor heating market? What are their major strategies to strengthen their market presence?
The major companies in the underfloor heating market are - Uponor (Finland), Resideo Technologies Inc. (US), nVent Electric (UK), Warmup (UK), and Rehau (Switzerland). Players in this market have adopted product launches and acquisition strategy to increase their market share.
Which is the potential market for underfloor heating in terms of the region?
Europe held the largest share of the underfloor heating market in 2021. This is due to the region moving toward a low-carbon economy and is focused on implementing energy efficiency policies.
What are the opportunities for new market entrants?
There are significant opportunities in the underfloor heating market such as technological advancements and digitalization in underfloor heating, growing environmental concerns and increasing number of efficiency standards, and IoT-enabled underfloor heating systems.
Which applcations are expected to drive the growth of the market in the next five years?
Major application areas for the underfloor heating market include residential, commercial, industrial, healthcare, and sports & entertainment. Residential held the largest size of the underfloor heating market in 2021. 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. .
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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, 20182027 (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 PORTERS FIVE FORCES ANALYSIS
TABLE 6 IMPACT OF PORTERS FIVE FORCES ON UNDERFLOOR HEATING SYSTEM MARKET, 2021
5.10 TRADE ANALYSIS
FIGURE 29 IMPORTS DATA, BY COUNTRY, 20162020 (USD MILLION)
FIGURE 30 EXPORTS DATA, BY COUNTRY, 20162020 (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, 20202021
5.12 KEY CONFERENCES & EVENTS IN 20222023
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, 20182021 (USD MILLION)
TABLE 19 MARKET, BY OFFERING, 20222027 (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, 20182021 (USD MILLION)
TABLE 21 MARKET FOR HARDWARE, BY PRODUCT TYPE, 20222027 (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 20182021 (USD MILLION)
TABLE 23 MARKET, FOR SERVICES, BY PRODUCT TYPE 20222027 (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, 20182021 (USD MILLION)
TABLE 25 MARKET, BY PRODUCT TYPE, 20222027 (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, 20182021 (USD MILLION)
TABLE 27 HYDRONIC MARKET FOR HARDWARE, BY COMPONENTS, 20222027 (USD MILLION)
TABLE 28 HYDRONIC MARKET, BY INSTALLATION, 20182021 (USD MILLION)
TABLE 29 HYDRONIC UNDERFLOOR HEATING MARKET, BY INSTALLATION, 20222027 (USD MILLION)
TABLE 30 HYDRONIC MARKET, BY APPLICATION, 20182021 (USD MILLION)
TABLE 31 HYDRONIC MARKET, BY APPLICATION, 20222027 (USD MILLION)
TABLE 32 HYDRONIC MARKET, BY REGION, 20182021 (USD MILLION)
TABLE 33 HYDRONIC MARKET, BY REGION, 20222027 (USD MILLION)
TABLE 34 HYDRONIC MARKET FOR RESIDENTIAL APPLICATIONS, BY REGION, 20182021 (USD MILLION)
TABLE 35 HYDRONIC MARKET FOR RESIDENTIAL APPLICATIONS, BY REGION, 20222027 (USD MILLION)
TABLE 36 HYDRONIC MARKET FOR COMMERCIAL APPLICATIONS, BY REGION, 20182021 (USD MILLION)
TABLE 37 HYDRONIC MARKET, FOR COMMERCIAL APPLICATIONS, BY REGION, 20222027 (USD MILLION)
TABLE 38 HYDRONIC MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION, 20182021 (USD MILLION)
TABLE 39 HYDRONIC UNDERFLOOR HEATING MARKET, FOR INDUSTRIAL APPLICATIONS, BY REGION, 20222027 (USD MILLION)
TABLE 40 HYDRONIC MARKET, FOR HEALTHCARE APPLICATIONS, BY REGION, 20182021 (USD MILLION)
TABLE 41 HYDRONIC MARKET, FOR HEALTHCARE APPLICATIONS, BY REGION, 20222027 (USD MILLION)
TABLE 42 HYDRONIC MARKET, FOR SPORTS & ENTERTAINMENT APPLICATIONS, BY REGION, 20182021 (USD MILLION)
TABLE 43 HYDRONIC MARKET, FOR SPORTS & ENTERTAINMENT APPLICATIONS, BY REGION, 20222027 (USD MILLION)
TABLE 44 HYDRONIC MARKET, FOR OTHER APPLICATIONS, BY REGION, 20182021 (USD MILLION)
TABLE 45 HYDRONIC MARKET, FOR OTHER APPLICATIONS, BY REGION, 20222027 (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, 20182021 (USD MILLION)
TABLE 47 ELECTRIC MARKET FOR HARDWARE, BY COMPONENT, 20222027 (USD MILLION)
TABLE 48 ELECTRIC UNDERFLOOR HEATING MARKET, BY INSTALLATION TYPE, 20182021 (USD MILLION)
TABLE 49 ELECTRIC MARKET, BY INSTALLATION, 20222027 (USD MILLION)
TABLE 50 ELECTRIC MARKET, BY APPLICATION, 20182021 (USD MILLION)
TABLE 51 ELECTRIC MARKET, BY APPLICATION, 20222027 (USD MILLION)
TABLE 52 ELECTRIC MARKET, BY REGION, 20182021 (USD MILLION)
TABLE 53 ELECTRIC MARKET, BY REGION, 20222027 (USD MILLION)
TABLE 54 ELECTRIC MARKET FOR RESIDENTIAL APPLICATIONS, BY REGION, 20182021 (USD MILLION)
TABLE 55 ELECTRIC MARKET FOR RESIDENTIAL APPLICATIONS, BY REGION, 20222027 (USD MILLION)
TABLE 56 ELECTRIC MARKET FOR COMMERCIAL APPLICATIONS, BY REGION, 20182021 (USD MILLION)
TABLE 57 ELECTRIC MARKET FOR COMMERCIAL APPLICATIONS, BY REGION, 20222027 (USD MILLION)
TABLE 58 ELECTRIC MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION, 20182021 (USD MILLION)
TABLE 59 ELECTRIC MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION, 20222027 (USD MILLION)
TABLE 60 ELECTRIC MARKET FOR HEALTHCARE APPLICATIONS, BY REGION, 20182021 (USD MILLION)
TABLE 61 ELECTRIC MARKET FOR HEALTHCARE APPLICATIONS, BY REGION, 20222027 (USD MILLION)
TABLE 62 ELECTRIC MARKET FOR SPORTS & ENTERTAINMENT APPLICATIONS, BY REGION, 20182021 (USD MILLION)
TABLE 63 ELECTRIC UNDERFLOOR HEATING MARKET FOR SPORTS & ENTERTAINMENT APPLICATIONS, BY REGION, 20222027 (USD MILLION)
TABLE 64 ELECTRIC MARKET FOR OTHER APPLICATIONS, BY REGION, 20182021 (USD MILLION)
TABLE 65 ELECTRIC MARKET FOR OTHER APPLICATIONS, BY REGION, 20222027 (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, 20182021 (USD MILLION)
TABLE 67 MARKET, BY INSTALLATION TYPE, 20222027 (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, 20182021 (USD MILLION)
TABLE 69 MARKET FOR NEW INSTALLATION, BY PRODUCT TYPE, 20222027 (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, 20182021 (USD MILLION)
TABLE 71 MARKET FOR RETROFIT INSTALLATIONS, BY PRODUCT TYPE, 20222027 (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, 20182021 (USD MILLION)
TABLE 73 MARKET, BY APPLICATION, 20222027 (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, 20182021 (USD MILLION)
TABLE 75 MARKET FOR RESIDENTIAL APPLICATIONS, BY PRODUCT TYPE, 20222027 (USD MILLION)
TABLE 76 MARKET FOR RESIDENTIAL APPLICATIONS, BY REGION, 20182021 (USD MILLION)
TABLE 77 MARKET FOR RESIDENTIAL APPLICATIONS, BY REGION, 20222027 (USD MILLION)
12.3 COMMERICAL
TABLE 78 MARKET FOR COMMERCIAL APPLICATIONS, BY PRODUCT TYPE, 20182021 (USD MILLION)
TABLE 79 MARKET FOR COMMERCIAL APPLICATIONS, BY PRODUCT TYPE, 20222027 (USD MILLION)
TABLE 80 UNDERFLOOR HEATING MARKET FOR COMMERCIAL APPLICATIONS, BY REGION, 20182021 (USD MILLION)
TABLE 81 MARKET FOR COMMERCIAL APPLICATIONS, BY REGION, 20222027 (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, 20182021 (USD MILLION)
TABLE 83 MARKET FOR HEALTHCARE APPLICATIONS, BY PRODUCT TYPE, 20222027 (USD MILLION)
TABLE 84 MARKET FOR HEALTHCARE APPLICATIONS, BY REGION, 20182021 (USD MILLION)
TABLE 85 MARKET FOR HEALTHCARE APPLICATIONS, BY REGION, 20222027 (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, 20182021 (USD MILLION)
TABLE 87 MARKET FOR SPORTS & ENTERTAINMENT APPLICATIONS, BY PRODUCT TYPE, 20222027 (USD MILLION)
TABLE 88 MARKET FOR SPORTS & ENTERTAINMENT APPLICATIONS, BY REGION, 20182021 (USD MILLION)
TABLE 89 UNDERFLOOR HEATING MARKET FOR SPORTS & ENTERTAINMENT APPLICATIONS, BY REGION, 20222027 (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, 20182021 (USD MILLION)
TABLE 91 MARKET FOR INDUSTRIAL APPLICATIONS, BY PRODUCT TYPE, 20222027 (USD MILLION)
TABLE 92 MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION, 20182021 (USD MILLION)
TABLE 93 MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION, 20222027 (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, 20182021 (USD MILLION)
TABLE 95 MARKET FOR OTHER APPLICATIONS, BY PRODUCT TYPE, 20222027 (USD MILLION)
TABLE 96 MARKET FOR OTHER APPLICATIONS, BY REGION, 20182021 (USD MILLION)
TABLE 97 UNDERFLOOR HEATING MARKET FOR OTHER APPLICATIONS, BY REGION, 20222027 (USD MILLION)
13 GEOGRAPHIC ANALYSIS (Page No. - 117)
13.1 INTRODUCTION
FIGURE 41 MARKET: GEOGRAPHIC SNAPSHOT
TABLE 98 MARKET, BY REGION, 20182021 (USD MILLION)
TABLE 99 MARKET, BY REGION, 20222027 (USD MILLION)
13.2 NORTH AMERICA
FIGURE 42 NORTH AMERICA: UNDERFLOOR HEATING MARKET SNAPSHOT
TABLE 100 MARKET IN NORTH AMERICA, BY COUNTRY, 20182021 (USD MILLION)
TABLE 101 MARKET IN NORTH AMERICA, BY COUNTRY, 20222027 (USD MILLION)
TABLE 102 MARKET IN NORTH AMERICA, BY APPLICATION, 20182021 (USD MILLION)
TABLE 103 MARKET IN NORTH AMERICA, BY APPLICATION, 20222027 (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, 20182021 (USD MILLION)
TABLE 105 MARKET IN EUROPE, BY COUNTRY, 20222027 (USD MILLION)
TABLE 106 MARKET IN EUROPE, BY APPLICATION, 20182021 (USD MILLION)
TABLE 107 MARKET IN EUROPE, BY APPLICATION, 20222027 (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, 20182021 (USD MILLION)
TABLE 109 MARKET IN APAC, BY COUNTRY, 20222027 (USD MILLION)
TABLE 110 MARKET IN APAC, BY APPLICATION, 20182021 (USD MILLION)
TABLE 111 MARKET IN APAC, BY APPLICATION, 20222027 (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, 20182021 (USD BILLION)
TABLE 113 MARKET IN ROW, BY REGION, 20222027 (USD BILLION)
TABLE 114 MARKET IN ROW, BY APPLICATION, 20182021 (USD MILLION)
TABLE 115 MARKET IN ROW, BY APPLICATION, 20222027 (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, 20172021
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 2019DECEMBER 2021
14.9.2 MARKET: DEALS, APRIL 2019DECEMBER 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, 20172020 (USD BILLION)
TABLE 162 HVAC SYSTEM MARKET, BY HEATING EQUIPMENT, 20212026 (USD BILLION)
TABLE 163 HVAC SYSTEM MARKET FOR HEATING EQUIPMENT, BY APPLICATION, 20172020 (USD BILLION)
TABLE 164 HVAC SYSTEM MARKET FOR HEATING EQUIPMENT, BY APPLICATION, 20212026 (USD BILLION)
TABLE 165 HVAC SYSTEM MARKET FOR HEATING EQUIPMENT, BY REGION, 20172020 (USD BILLION)
TABLE 166 HVAC SYSTEM MARKET FOR HEATING EQUIPMENT, BY REGION, 20212026 (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, 20172020 (USD BILLION)
TABLE 168 HVAC SYSTEM MARKET FOR HEAT PUMP, BY APPLICATION, 20212026 (USD BILLION)
TABLE 169 HVAC SYSTEM MARKET FOR HEAT PUMP, BY REGION, 20172020 (USD BILLION)
TABLE 170 HVAC SYSTEM MARKET FOR HEAT PUMP, BY REGION, 20212026 (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, 20172020 (USD BILLION)
TABLE 172 HVAC SYSTEM MARKET FOR FURNACE, BY APPLICATION, 20212026 (USD BILLION)
TABLE 173 HVAC SYSTEM MARKET FOR FURNACE, BY REGION, 20172020 (USD BILLION)
TABLE 174 HVAC SYSTEM MARKET FOR FURNACE, BY REGION, 20212026 (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, 20172020 (USD BILLION)
TABLE 176 HVAC SYSTEM MARKET FOR UNITARY HEATER, BY APPLICATION, 20212026 (USD BILLION)
TABLE 177 HVAC SYSTEM MARKET FOR UNITARY HEATER, BY REGION, 20172020 (USD MILLION)
TABLE 178 HVAC SYSTEM MARKET FOR UNITARY HEATER, BY REGION, 20212026 (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, 20172020 (USD BILLION)
TABLE 180 HVAC SYSTEM MARKET FOR BOILER, BY APPLICATION, 20212026 (USD BILLION)
TABLE 181 HVAC SYSTEM MARKET FOR BOILER, BY REGION, 20172020 (USD MILLION)
TABLE 182 HVAC SYSTEM MARKET FOR BOILER, BY REGION, 20212026 (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:
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
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
Data Triangulation
After arriving at the overall market sizeusing the market size estimation processes as explained abovethe 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 companys 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.
Growth opportunities and latent adjacency in Underfloor Heating Market