Hydronic Underfloor Heating Market Size By Facility (Existing Buildings, New Buildings), By Application (Residential (Single Family, Multi Family), Industrial, Commercial (Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality, Others)) Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2017 – 2024

Published Date: Aug 2017  |  Report ID: GMI268  |  Authors: Ankit Gupta, Aditya Singh Bais

Report Format: PDF   |   Pages: 224   |   Base Year: 2016




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Hydronic Underfloor Heating Market size was valued over USD 3 Billion for 2016 and is set to grow over 8% by 2024.
 

U.S. Hydronic Underfloor Heating Market, By Facility, 2016 & 2024 (USD Million)
 U.S. Hydronic Underfloor Heating Market, By Facility, 2016 & 2024 (USD Million)

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Introduction of standards toward the adoption of energy efficient systems with ongoing measures toward energy conservation will upsurge the hydronic underfloor heating market size. The European Union (EU) has introduced the Energy Performance of Buildings Directive (EPBD) which states that all new buildings should be nearly ZEB by 2020. As per European Commission, gross inland consumption of energy within EU-28 accounted for 1627 million tons of oil equivalent in 2015.
 

Cost efficiency, comfort, equivalence with other heat sources and minimal design considerations are some of the prominent features which makes its adoption preferable over available alternatives. Significant economic transformation owing to rapid industrialization and commercialization will positively influence the hydronic underfloor heating market. As per the World Bank, in 2015, over 50% of the Asia Pacific population was residing in urban areas, which was greater than the combined population of the U.S. & Europe. Internal migration by the rural population towards urbanization to improve living standards will further embellish the product demand.
 

Growing concerns toward increasing energy cost coupled with demand for reliable and sustainable heating source across residential and commercial sectors will stimulate the hydronic underfloor heating market share. According to EIA, the energy consumption from the residential sector grew from 15.8 squads in 1980 to 21.5 squads in 2014 and commercial sector witnessed an increase up to 18.0% in 2013 from 10.6% in 1980.
 

Hydronic Underfloor Heating Market Report Coverage
Report Coverage Details
Base Year: 2016 Market Size in 2016: 3 Billion (USD)
Historical Data for: 2013 to 2016 Forecast Period: 2017 to 2024
Forecast Period 2017 to 2024 CAGR: 8% 2024 Value Projection: 5 Billion (USD)
Pages: 224 Tables, Charts & Figures: 310
Geographies covered (14): U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa
Segments covered: Facility, Application and Region
Companies covered (15): Danfoss, Revenue, Uponor, Revenue, REHAU, Amuheat, Robert Bosch GmbH, Revenue, Eberle Controls GmbH, Revenue, Warmup, Mitsubishi Electric Corporation, Revenue, H2O Heating, Hunt Heating, Hurlcon Heating, Honeywell International, Inc., Revenue, Siemens, Revenue, Schlüter-Systems Ltd, Polypipe
Growth Drivers:
  • Introduction of energy efficiency standards
  • Increasing standard of living
  • Strict government regulations
  • Extreme climatic conditions
  • Rapid urbanization and commercialization
  • Increasing demand for space heating
Pitfalls & Challenges:
  • High Cost of Retrofitting in Existing Buildings

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Hydronic Underfloor Heating Market, By Facility

New building hydronic underfloor heating market size is predicted to exceed USD 4 billion by 2024. Deployment of concrete floors along with focus towards construction of green buildings will foster the product demand. As per United States Green Building Council (USGBC), the number of certified projects in the U.S. rose from 296 in 2006 to 33,269 in 2016.
 

Existing buildings will growth owing to favorable government measures to curb carbon footprints. Increasing demand for a high-quality living has encouraged architects and building owners to look for modern and advanced heating systems. Reduction in installation cost coupled with advancement in technology will drive the hydronic underfloor heating market.
 

Hydronic Underfloor Heating Market, By Application

Residential hydronic underfloor heating market is set to witness gain over 9% owing to shifting trends towards improved living standards and rising awareness to reduce energy bills. Adoption of modern technologies on account of rising disposable income of individuals will stimulate the product penetration. Efforts towards improving air quality along with increasing demand for high-level of comfort will further augment the industry landscape.
 

Commercial sector will witness strong growth subject to rising investments toward the construction of hotels, offices and educational institutes. Low flow temperatures of warm water make its adoption preferable over available counterparts.
 

Hydronic Underfloor Heating Market, By Region

Germany hydronic underfloor heating market is set to witness growth over 8% by 2024. Increasing demand for energy efficient space heating along with government initiatives to limit emissions will stimulate the product penetration. Introduction of Energy Saving Ordinance in the country toward energy efficient buildings and refurbishment activities will further complement the business growth.
 

U.S. hydronic underfloor heating market is predicted to exceed USD 1 Billion in 2024. Efforts toward improving air quality, reducing greenhouse gas emissions, low energy bills and increasing energy security will positively influence the business growth. California has introduced Building Efficiency Standards to regulate the energy use by 28% in new homes, enabling consumers to save USD 31 per month on energy bills.
 

China in 2016 accounted for over 30% of Asia Pacific hydronic underfloor heating market. Government initiatives toward the adoption of energy efficient heating system along with rapid urbanization will augment the industry landscape. As per Eleventh Five Year Plan, newly designed buildings in China should stick to a design standard of 50% energy conservation. As per International Energy Agency, China has reduced 1.2 billion tons of carbon emissions subject to strict government policies.
 

Competitive Market Share

Notable players in hydronic underfloor heating market include Warmup, Uponor Corporation, Honeywell International, Emerson Electric, Danfoss, Robert Bosch, Sensata Technologies, Siemens, Schneider Electric, Pentair, Nexans, Mitsubishi, REHAU, Amuheat, H2O Heating and Hunt Heating.
 

Major players are focusing on new product developments along with mergers and acquisitions to gain competitive advantage. In 2015, Mitsubishi Electric acquired DeLclima S.p.A, with the objective of synergizing and strengthening its commercial heating, air conditioning (HVAC) and ventilation business worldwide. The acquisition will allow the company to strengthen its business portfolio, and amplify its market presence.
 

Hydronic Underfloor Heating Industry Background  

These systems use warm water for heating purpose and occupies less space as it is installed beneath the floor. Heat pumps and boilers are usually employed to provide warm water. The low flow temperature of water makes its installation feasible over electric UFH. The system comprises of heat pumps or boilers, primary pipe network, manifolds, pipe loops and controller switches. Wet UFH acts as an invisible source of heat subject to the installation beneath the floor surface.


 


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