Share
Underfloor Heating Market: Segmented By Offering (Hardware, Services), By Application (Residential, Commercial, Industrial), By Type (Hydronic Underfloor Heating and Electric Underfloor Heating) And Region - Global Analysis Of Market Size, Share & Trends For 2019-2020 And Forecasts To 2031
[ 170 + Pages Research Report ] Underfloor Heating Market to surpass USD 8.02 billion by 2031 from USD 5.08 billion in 2021 at a CAGR of 4.68% in the coming years, i.e., 2021-31.
Underfloor heating can be described as the application of electrical systems or water systems to the floor in order to produce heat under the flooring. The electrical systems apply electrical cables in order to generate the heat whereas water systems use the length of a pipe to pump water via a heat source to heat the floor.
Global Underfloor Heating market is expected to project a notable CAGR of 4.68% in 2031.
Key factors driving the growth of this market include the huge demand for cost-effective heating services, strong government support and incentives for the implementation of underfloor heating solutions, alertness regarding underfloor heating, and a high level of comfort and elasticity provided by underfloor heating systems.
Hardware segment to grow with the highest CAGR during 2021-31
Global Underfloor Heating market is classified based on Offering into Hardware, Services. Hardware segment dominates the market share globally. Hardware offerings accounted for the maximum share of the underfloor heating market. Hardware components mostly include heating pipes, heating cables, distribution units, sensors, and control interfaces. The increasing implementation of underfloor heating systems in residential and commercial applications in both newly-built and retrofitted qualities is expected to fuel the growth of the market.
A residential segment to grow with the highest CAGR during 2021-31
Based on Application, global Underfloor Heating Market fragmented into Residential, Commercial, Industrial. The high growth of the residential market can be attributed to the rising awareness about the advantages of underfloor heating systems used in housing properties. The huge growth rate of market for the residential application is mainly because to the growth of refurbishment activity in many developed nations. Underfloor heating is considered to be ideal for new builds and also becoming more popular for renovations because of new product innovations in this area. The growth of the trend toward contemporary design has motivated consumers to generate a clean and uncluttered look throughout their homes.
Increasing investments in new infrastructure development
The hydronic underfloor heating market was initially used by Romans to heat their personal spaces. After the World War II, the industry observed swift developments in technology and product design. The ongoing rollouts for efficient & improved space heating services across smart cities together with increasing number of green building projects will fuel the product demand. Moreover, the growing commercial & residential sector along with rapid industrialization will further drive the market trends.
Reduction in upfront cost and installation time
Considerable reduction in the upfront price and installation time couple with the development of ready-to-use heating mats will catalyze evolution across the residential sector. The electric underfloor heating offers effective heating services for small household applications including kitchens and bathrooms.
Slow response
The slow and effectiveness response time of underfloor heating systems might hamper the growth of underfloor heating systems in the market.
Uponor (Finland)
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Underfloor Heating market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Europe dominates the Underfloor Heating market. The European market is increasing rapidly due it is moving toward a low-carbon economy and because of the increased awareness about environmental and energy-efficiency alarms. Additionally, higher levels of insulation, driven by regulatory requirements and government initiatives, are contributing to a reduction in the heating load, making underfloor heating a more practical and efficient heating service in Europe.
Global Underfloor Heating is further segmented by region into:
Underfloor Heating Segments:
| Report Attribute | Details |
| Market size value in 2021 | USD 5.08 billion |
| Revenue forecast in 2031 | USD 8.02 billion |
| Growth Rate | CAGR of 9.25% from 2021 to 2031 |
| Base year for estimation | 2020 |
| Quantitative units | Revenue in USD million and CAGR from 2021 to 2030 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Type, Application, and Region |
| Regional scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Key companies profiled | Uponor (Finland), Honeywell (US), nVent Electric (UK), Warmup (UK), Rehau (Switzerland), Emerson (US), Robert Bosch (Germany), Danfoss (Denmark), Pentair (US), Mitsubishi Electric (Japan), Siemens (Germany), Schneider Electric (France), Myson (UK), Thermosoft International (US), Flexel International (UK) and Other Prominent Players |
The Underfloor Heating Market size was estimated at USD 5.08 billion in 2021 and is expected to reach 8.02 billion by 2031.
Key players: Uponor (Finland), Honeywell (US), nVent Electric (UK), Warmup (UK), Rehau (Switzerland), Emerson (US), Robert Bosch (Germany), Danfoss (Denmark), Pentair (US), Mitsubishi Electric (Japan), Siemens (Germany), Schneider Electric (France), Myson (UK), Thermosoft International (US), Flexel International (UK) and Other Prominent Players
Hardware segment and Residential segment are anticipated to hold the largest Underfloor Heating Market.
Drivers: Increasing investments in new infrastructure development and Reduction in upfront cost and installation time
Underfloor heating can be described as the application of electrical systems or water systems to the floor in order to produce heat under the flooring. The electrical systems apply electrical cables in order to generate the heat whereas water systems use the length of a pipe in order to pump water via a heat source to heat the floor.
Select License Type
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT
Working with Fatpos Global, allowed us to take advantage of their knowledge and easy approach, allowing us to collect important data utilizing a variety of techniques. The results were clearly presented and explained, and FG responded to our questions with speed and expertise.
|
Swiss-based global building materials manufacturer |
The analyses and presentations Fatpos Global have produced for us have been of a very high caliber and have allowed us to proactively improve our customer relationship management. They have also done so while maintaining complete anonymity. Without any doubt, we suggest Fatpos Global to you.
|
|
Tech-powered construction company |
We appreciate the team’s punctuality, flexibility in terms of report modification, post report purchase support and pleasant reaction all around. Overall, my experience with this company was nothing but positive, and I couldn't be more grateful for their excellent service. Thank you for all that you do!
|
|
American global management consulting firm |
We are able to concentrate on the topics and implications that are most important to our clients thanks to the adaptability and responsiveness of the team at Fatpos Global. We would highly recommend this company to anyone in need of their services, and I will certainly be using them again in the future.
|
|
Headquartered in Zug, Switzerland, leading supplier of medical and surgical instrument |
To better study our client demographics, develop the ideal product-price architecture, and enhance our target marketing initiatives, we hired Fatpos Global. Every component of the project was completed, and we are very happy with the useful insights and actionable results.
|
|
Kosovan company, A leading organic fertilizers producer |
Thank you for your team's generous assistance, The final report was delivered to me, and I find it to be really helpful. Also, you may be sure that I will get in touch with you if I ever require fresh materials for market research. Gratitude once more.
|
|
German specialty chemicals company based in Cologne, Germany |
