Underfloor Heating Market Size By Product (Electric, Hydronic), By Facility (Existing Buildings, New Buildings), By Application (Residential {Single Family, Multi Family}, Industrial, Commercial {Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality}) Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Apr 2020  |  Report ID: GMI2122  |  Authors: Ankit Gupta, Nikhil Paranjape

Report Format: PDF   |   Pages: 280   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Underfloor Heating Market size exceeded USD 6 billion in 2019 and is anticipated to grow over 5% by 2026. The increasing demand for space heating owing to extreme climatic conditions coupled with growing consumer awareness toward energy conservation will significantly impact the market demand for underfloor heating. The residential sector accounted for the dominant segment in the market share in 2019.

Underfloor Heating Market

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Underfloor heating systems are utilized to warm-up the floor or acts as a primary heat source. It has two forms including water & electric systems. Water based systems uses the pipes laid in the floor, a pump & a heat source to warm-up the floor whereas an electric based systems utilizes electrical cables for the generation of heat. These systems have a wide range of scope across residential, commercial & industrial applications. In addition, the declining installation & component costs will positively influence underfloor heating industry growth over the forecast timeline.

Strong inclination toward clean energy technologies and the increasing investments toward the development & refurbishment of new & existing infrastructure has created a high market demand for underfloor heating systems. The policy makers have introduced stringent energy efficiency codes & standards toward the adoption of electrical & electric appliances emphasizing on the adoption of sustainable technologies. Moreover, the introduction of new advanced underfloor heating systems has accelerated the replacement rates of the legacy heating systems on account of high operational costs and substantial energy & heat loss.

The underfloor heating market report includes the detailed analysis of the ongoing industry trends which is segmented on a global & regional basis across the types of product, facility and applications. Moreover, the market forecasts & estimates are in line with data represented by the several government authorities including International Energy Agency, Electric Underfloor Heating Alliance (EUHA), U.S. Department of Energy (DOE), regulatory bodies and company press releases.

Underfloor Heating Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 6.0 Billion (USD)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 5.1% 2026 Value Projection: 6.5 Billion (USD)
Pages: 280 Tables, Charts & Figures: 453
Geographies covered (24): U..S., Canada, Germany, France, Spain , Austria, Belgium, Denmark, Finland, Norway, Sweden, UK, Italy, Russia, China, Japan, Australia, India, South Korea, Saudi Arabia, UAE, South Africa, Brazil, Mexico
Segments covered: Product, Facility, Application
Companies covered (14): Danfoss, Uponor, Eberle Controls GmbH, Honeywell International, Inc, Mitsubishi Electric Corporation, REHAU AG, Robert Bosch GmbH, Warmup, Polypipe, Siemens AG, Schlüter-Systems Ltd., Amuheat, Hunt Heating, H2O Heating Pty Ltd.
Growth Drivers:
  • Introduction of energy efficiency standards
  • Increasing standard of living
  • Strict government regulations
  • Extreme climatic conditions
  • Increasing demand for space heating
Pitfalls & Challenges:
  • High upfront cost

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Increasing investments toward new infrastructure development to augment the underfloor heating industry growth from hydronic heating

Underfloor Heating Market, By Product

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Radiant heat flooring market from hydronic heating will grow over 5% by 2026. The market trend is focused primarily toward deployment of advanced systems with high efficiency & optimized design across new infrastructure projects. The ongoing focus toward the development of smart cities has accelerated the rollouts for advanced technologies followed by the rising number of green building construction projects which has positively influenced the market demand. Rapid industrialization and the expanding commercial sector base will further drive the underfloor heating market trends over the forecast timeline.

The overall market size will witness decremental growth in 2020 owing to the large scale outbreak of the novel corona virus. To subdue the spread of COVID – 19, respective governments have shutdown day-to-day business operations by implementing a full-scale lockdown. Labor shortages and delay in project completion are some few factors plaguing the global construction & infrastructure industry resulting in a decline in the product deployment.

Adoption of stringent building emission regulations to provide impetus to the underfloor heating industry from new buildings

Europe Underfloor Heating Market

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The heating industry is governed by stringent carbon emission norms and building regulations, mandating the adoption of energy efficient appliances. For instance, the European Commission adopted the Energy Efficiency Directive to establish measures and policies to support the European Union reach 20% energy efficiency target by 2020.

Ongoing investments toward green building construction projects coupled with focus toward smart cities programs & initiatives across multiple nations have resulted in the construction of large number of residential & commercial establishments. The underfloor heating systems can be easily installed across new facilities, covering desired areas to minimize heat loss and enable cost-savings. Optimized heating along with significant reduction in the installation time and upfront cost will fuel the industry growth over the forecast timeline.

Ease of operation and low system costs driving the market share of underfloor heating systems across residential establishments

Underfloor heating systems are gaining substantial recognition amongst homeowners. The system evenly distributes heat and works at moderate temperatures, enabling cost-saving and low-power consumption, thereby driving the market demand. Unlike radiators that operate at 600C -700C and cause overheating, it regulates the temperature via sensors and thermostats. The systems are capable of providing zoned heating with the help of Wi-Fi and smart thermostats, enabling up to 15% savings in the heating bills. Safe operation and easy scalability across different floor types are few of the prominent factors favoring the product installation.

Increasing investments toward infrastructure development along with ongoing adoption of stringent environmental regulations to drive the North America industry statistics

The North America underfloor heating market holds immense potential on account of strong growth across the service sector. About 80% of the economy is majorly driven by healthcare, financial services, retail, and technology. Climate change and pollution have become a major concern across the region, leading to the introduction of stringent environment norms. The heating industry accounts for a significant amount of carbon effluents from both residential & commercial properties. The ongoing transition from central space heating systems to underfloor heating systems on account of its low costs will drive the North America business growth.

The rising investments in the construction of multifamily and commercial units across the U.S. and Canada will drive the market growth. The increased spending toward home renovation projects and customer inclination toward designing and home décor will further lead to adoption of radiant heat flooring systems. In addition, the growing adoption of renewables to improve carbon footprint and compliance with government policies will support business expansion. The environment performance of the system can be enhanced by integrating it with solar or clean energy sources.

Strategic collaborations & acquisitions acting as focal point for market leaders

The prominent market players operating across the underfloor heating market share are focused toward collaboration to achieve a competitive edge and consolidate a dominant market share. The strategy on partnerships are devised to engage in focused R&D activities to augment operational efficiency and product design of underfloor heating systems. The key market players include Danfoss, Honeywell, Warmup and Uponor amongst others.

Underfloor heating industry research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD” from 2015 to 2026, for the following segments:

By Product

  • Electric
  • Hydronic

By Facility

  • New Building
  • Existing Building

By Application

  • Residential
    • Single Family
    • Multi Family
  • Commercial
    • Education
    • Healthcare
    • Retail
    • Logistics & Transportation
    • Offices
    • Hospitality
    • Others
  • Industrial

The above information has been provided for the following regions and 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 & Africa
    • Saudi Arabia
    • UAE
    • South Africa
  • Latin America
    • Brazil
    • Mexico

Frequently Asked Questions (FAQ) :

The market size of underfloor heating was valued at over USD 6 billion in 2019.
The industry share of underfloor heating is projected to expand at 5% CAGR up to 2026.
Radiant heat flooring market from hydronic heating is expected to grow over 5% through 2026, says a GMI report.
About 80% of the market economy is majorly driven by healthcare, financial services, retail, and technology sector.
The key market players include Danfoss, Honeywell, Warmup and Uponor, amongst others.

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Premium Report Details

  • Published Date: Apr 2020
  • Pages: 280
  • Tables: 425
  • Charts / Figures: 28
  • Companies covered: 14
  • Countries covered: 24

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