Underfloor Heating Market Size By Technology (Hydronic, Electric), By Facility (New Buildings, Retrofit), By Application (Residential {Single Family, Multi Family}, Commercial {Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality}, Industrial), COVID-19 Impact Analysis, Regional Analysis, Application Development Potential, Competitive Market Share & Forecast, 2022 - 2030

Industry Trends

Underfloor Heating Market size surpassed USD 6 billion in 2021 and the industry is anticipated to witness over 5% CAGR from 2022 to 2030.

Ongoing technological advancements across space heating systems along with an inclination toward clean energy technologies will stimulate the underfloor heating industry growth. Continuous retrofitting of residential & small commercial spaces including offices, retail stores, institutions, and others will complement the demand for sustainable technologies including underfloor heating units. Moreover, increasing migration of the population toward urban establishments along with rapidly growing real estate business will boost the adoption of underfloor heating technologies across the globe.
 

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Increasing investments in new infrastructure development

The hydronic underfloor heating technology was primarily exploited by Romans to heat their residential spaces. Post-World War II, the underfloor heating business observed a swift advancement in product design and overall technology. The burgeoning requirement for enhanced and efficient space heating solutions across urban territories coupled with a growing number of green building projects will drive the technology demand. Furthermore, the developing residential and commercial sectors along with ongoing industrialization across developing nations will further sway the market dynamics.
 

Underfloor heating systems are projected to note a significant demand in the coming years owing to extreme climatic conditions in various regions across the globe. The ongoing alliance of governments and private players to offer efficient heating across cold climatic regions will further boost product penetration. Additionally, a significant decrease in installation costs and the adoption of ready-to-use heating mat technology have initiated the underfloor heating market demand from residential and commercial establishments.
 

Governmental initiatives for the retrofitting of existing buildings with energy-efficient and clean heating technologies

Rising efforts of policymakers to refurbish existing commercial and residential establishments with the deployment of sustainable technologies to tackle soaring carbon emissions from conventional heating systems will enhance the underfloor heating market revenue. Ongoing initiatives including smart city projects and green building codes to promote clean HVAC systems in the residential sector will further fuel industry statistics. Unlike radiators or other heating systems, these units deliver heat across the room uniformly, thereby providing ambient temperature in all corners of the room and boosting their preference over other alternatives.
 

Minimal to no maintenance, lower electricity bills, and easy installation are a few prominent features offered by the technology, stimulating demand for underfloor heating mats. These units offer more floor space for the users to engage in interior decor as per their requirements, driving their adoption over other heating technologies.
 

Reduction in upfront costs and installation time will boost the adoption of single families

Considerable minimization of installation time and costs are a few key factors promoting technology acceptance across small residential buildings. The growing population across developing nations coupled with rising investments in the real estate industry will significantly increase the number of small-family establishments across these countries. Moreover, integration with smart temperature monitoring & controlling devices including thermostats and others has favorably fueled the preference for such affordable technology across a large fraction of the residential sector.
 

Expansion in manufacturing capabilities coupled with growing demand for efficient storage facilities in the Asia Pacific

The Asia Pacific underfloor heating market revenue is set to surpass USD 2.3 billion by 2030 on account of ongoing industrialization across the region. Major manufacturing industries are shifting their manufacturing hubs toward emerging economies impelled by cheap labor and raw materials. The establishment of such industries has further propelled the construction of warehouses for effective storage solutions, creating a favorable growth opportunity for the players.
 

Ongoing urbanization coupled with significant economic transformation across emerging countries in Southeast Asia will have a positive impact on the underfloor heating market growth. An influx in foreign investments in the development of commercial and residential sectors across the region will further augment technology penetration.
 

Rising efforts of various governments to tackle soaring carbon emissions across the residential, commercial & industrial sectors will favor the adoption of sustainable technologies including underfloor heating mats and pipes. For instance, China anticipates becoming carbon neutral by 2060 and has set a target to lower carbon intensity by 65% by 2030 from the 2005 levels. Such emission targets will compel homeowners or business owners to install cleaner technologies across their establishments, which in turn, will further enhance the market share.
 

Product innovations and various growth strategies including collaborations by market players

Key manufacturers are concentrating on strategic partnerships, mergers & acquisitions, and joint ventures to strengthen their competitive market share. Brand equity, product differentiation, economies of scale, and enhanced marketing strategies are amongst the key aspects focused on by the industry.
 

Eminent underfloor heating market participants include Danfoss, Heatcom Corporation A / S, Hurlcon Hydronic Heating, Amuheat, Hemstedt GmbH, Siemens, REHAU AG, Hunt Heating, H2O Heating Pty Ltd., MAGNUM Heating Group B.V., Robert Bosch GmbH, Uponor Corporation, Schluter Systems, Eberle by Schneider Electric, Polypipe, nVent, Mitsubishi Electric Corporation, Warmup, Watts, Honeywell International, Inc., Warmboard, Inc., and Daikin, amongst others.
 

This market research report on underfloor heating includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2018 to 2030 for the following segments:

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Market, By Technology

• Hydronic
• Electric

Market, By Facility

• New Buildings
• Retrofit

Market, By Application

• Residential
  • Single family
  • Multi family
• Industrial
• Commercial
  • Education
  • Healthcare
  • Retail
  • Logistics & transportation
  • Offices
  • Hospitality
  • Others

The above information has been provided for the following regions & countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • Spain
  • Austria
  • Belgium
  • Denmark
  • Finland
  • Norway
  • Sweden
  • UK
  • Italy
  • Russia
• Asia Pacific
  • China
  • Japan
  • Australia
  • India
  • South Korea
• Middle East
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Mexico