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Global Underfloor Heating Market to reach USD XX billion by the end of 2030

Global Underfloor Heating Market Size study & Forecast, by Product Type (Hydronic, Electric) by System (Heating system, Control system), by Installation Type (New installations, Retrofit installations), by Application (Residential, Commercial, Industrial) and Regional Analysis, 2023-2030

Product Code: EPRE-87151893
Publish Date: 20-10-2023
Page: 200

Global Underfloor Heating Market is valued approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Underfloor heating is a type of heating system that is installed beneath the floor surface, providing warmth by radiating heat from the ground up. It is an alternative to traditional heating methods like radiators or forced-air systems. Underfloor heating systems typically consist of a network of pipes or electric heating elements installed beneath the floor. The high demand for cost-effective heating solutions is an important factor in the rise in the market revenue of Underfloor Heating. Strong government support and incentives for development, as well as stringent building regulations to minimize total energy consumption, will further encourage market expansion.

Moreover, the growing building and construction activities play a significant role in supporting the growth of the underfloor heating market. As building and construction activities expand, there is a greater emphasis on energy efficiency and sustainable solutions. Underfloor heating systems are known for their energy efficiency, as they distribute heat evenly and require lower operating temperatures compared to traditional heating systems. This aligns with the growing demand for environmentally friendly heating solutions, driving the adoption of underfloor heating systems. According to Statista, in 2021, the global construction market was valued at USD 7.3 trillion and it is anticipated to reach USD 11.8 trillion by 2027. As a result, the growing construction industry is indicated that the rising construction activities which support the market growth. Additionally, growing adoption of energy-efficient heating solutions is anticipated to create lucrative opportunities for the market during forecast period. However, the high installation cost stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Underfloor Heating Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022 owing to the presence of key market players, cohesive government initiatives, and rising awareness about energy efficient heating solutions in the region. Whereas the North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as the growing building and construction activities, supportive government initiatives, rising standard of living, and growing demand for the energy efficient solution in the region.

Major market player included in this report are:
Uponor Corporation
Emersion Electric Co.
Honeywell International Inc.
Mitsubishi Electric Corporation
nVent Electric PLC
Robert Bosch GmbH
Danfoss Group
Siemens AG
Schneider Electric
Nexans S.A.

Recent Developments in the Market:
Ø In November 2021, Daikin launched the Daikin Altherma 3 H MT. It is a sustainable heating process that works effectively in both cold and warm environments. In regular heating systems, this variety of heating systems uses external air to generate the necessary amount of hot and warm water, even at temperatures as low as -28°C.
Global Underfloor Heating Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product Type, System, Installation Type, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Hydronic
Electric
By System:
Heating system
Control system
By Installation Type:
New installations
Retrofit installations
By Application:
Residential
Commercial
Industrial
By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Underfloor Heating Market, by Region, 2020-2030 (USD Billion)
1.2.2. Underfloor Heating Market, by Product Type, 2020-2030 (USD Billion)
1.2.3. Underfloor Heating Market, by System, 2020-2030 (USD Billion)
1.2.4. Underfloor Heating Market, by Installation Type, 2020-2030 (USD Billion)
1.2.5. Underfloor Heating Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Underfloor Heating Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Underfloor Heating Market Dynamics
3.1. Underfloor Heating Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. High Demand for Cost-Effective Heating Solutions
3.1.1.2. Growing Building and construction activities
3.1.2. Market Challenges
3.1.2.1. High installation cost
3.1.3. Market Opportunities
3.1.3.1. Growing adoption of energy-efficient heating solutions
Chapter 4. Global Underfloor Heating Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Underfloor Heating Market, by Product Type
5.1. Market Snapshot
5.2. Global Underfloor Heating Market by Product Type, Performance – Potential Analysis
5.3. Global Underfloor Heating Market Estimates & Forecasts by Product Type 2020-2030 (USD Billion)
5.4. Underfloor Heating Market, Sub Segment Analysis
5.4.1. Hydronic
5.4.2. Electric
Chapter 6. Global Underfloor Heating Market, by System
6.1. Market Snapshot
6.2. Global Underfloor Heating Market by System, Performance – Potential Analysis
6.3. Global Underfloor Heating Market Estimates & Forecasts by System 2020-2030 (USD Billion)
6.4. Underfloor Heating Market, Sub Segment Analysis
6.4.1. Heating system
6.4.2. Control system
Chapter 7. Global Underfloor Heating Market, by Installation Type
7.1. Market Snapshot
7.2. Global Underfloor Heating Market by Installation Type, Performance – Potential Analysis
7.3. Global Underfloor Heating Market Estimates & Forecasts by Installation Type 2020-2030 (USD Billion)
7.4. Underfloor Heating Market, Sub Segment Analysis
7.4.1. New installations
7.4.2. Retrofit installations
Chapter 8. Global Underfloor Heating Market, by Application
8.1. Market Snapshot
8.2. Global Underfloor Heating Market by Application, Performance – Potential Analysis
8.3. Global Underfloor Heating Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
8.4. Underfloor Heating Market, Sub Segment Analysis
8.4.1. Residential
8.4.2. Commercial
8.4.3. Industrial
Chapter 9. Global Underfloor Heating Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Underfloor Heating Market, Regional Market Snapshot
9.4. North America Underfloor Heating Market
9.4.1. U.S. Underfloor Heating Market
9.4.1.1. Product Type breakdown estimates & forecasts, 2020-2030
9.4.1.2. System breakdown estimates & forecasts, 2020-2030
9.4.1.3. Installation Type breakdown estimates & forecasts, 2020-2030
9.4.1.4. Application breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Underfloor Heating Market
9.5. Europe Underfloor Heating Market Snapshot
9.5.1. U.K. Underfloor Heating Market
9.5.2. Germany Underfloor Heating Market
9.5.3. France Underfloor Heating Market
9.5.4. Spain Underfloor Heating Market
9.5.5. Italy Underfloor Heating Market
9.5.6. Rest of Europe Underfloor Heating Market
9.6. Asia-Pacific Underfloor Heating Market Snapshot
9.6.1. China Underfloor Heating Market
9.6.2. India Underfloor Heating Market
9.6.3. Japan Underfloor Heating Market
9.6.4. Australia Underfloor Heating Market
9.6.5. South Korea Underfloor Heating Market
9.6.6. Rest of Asia Pacific Underfloor Heating Market
9.7. Latin America Underfloor Heating Market Snapshot
9.7.1. Brazil Underfloor Heating Market
9.7.2. Mexico Underfloor Heating Market
9.8. Middle East & Africa Underfloor Heating Market
9.8.1. Saudi Arabia Underfloor Heating Market
9.8.2. South Africa Underfloor Heating Market
9.8.3. Rest of Middle East & Africa Underfloor Heating Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Uponor Corporation
10.3.1.1. Key Information
10.3.1.2. Overview
10.3.1.3. Financial (Subject to Data Availability)
10.3.1.4. Product Summary
10.3.1.5. Recent Developments
10.3.2. Emersion Electric Co.
10.3.3. Honeywell International Inc.
10.3.4. Mitsubishi Electric Corporation
10.3.5. nVent Electric PLC
10.3.6. Robert Bosch GmbH
10.3.7. Danfoss Group
10.3.8. Siemens AG
10.3.9. Schneider Electric
10.3.10. Nexans S.A.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
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Market driving trends and favorable economic conditions
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Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
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