Underfloor Heating Market by Offering (Hardware, Services), Type (Electric Underfloor Heating, Hydronic Underfloor Heating), Installation Type, Application - Global Forecast 2023-2030
The Underfloor Heating Market is projected to reach USD 9.44 billion by 2030 from USD 4.92 billion in 2022, at a CAGR of 8.47% during the forecast period.
Market Segmentation & Coverage:
This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Underfloor Heating Market.
- Based on Offering, market is studied across Hardware and Services. The Hardware commanded largest market share of 77.35% in 2022, followed by Services.
- Based on Type, market is studied across Electric Underfloor Heating and Hydronic Underfloor Heating. The Electric Underfloor Heating commanded largest market share of 65.86% in 2022, followed by Hydronic Underfloor Heating.
- Based on Installation Type, market is studied across New Installation and Retrofitting. The New Installation commanded largest market share of 71.86% in 2022, followed by Retrofitting.
- Based on Application, market is studied across Commercial, Industrial, and Residential. The Residential commanded largest market share of 51.65% in 2022, followed by Industrial.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.14% in 2022, followed by Americas.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is an indispensable tool for assessing the Underfloor Heating Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:
The Market Share Analysis offers invaluable insights into the vendor landscape Underfloor Heating Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:
The report delves into recent significant developments in the Underfloor Heating Market, highlighting leading vendors and their innovative profiles. These include Ambiente Systems Ltd., Amuheat Pty Limited, Arkon Heating, ASIASTAR co., Ltd., Daikin Industries, Ltd., Danfoss A/S, Devex Systems Pty Limited, Emerson Electric Co., EMPUR Produktions GmbH, ESI Heating and Cooling, Flexel International Ltd., Gaia Climate Solutions, Genuit Group PLC, Gold Heat, Green Building Renewables, Hemstedt GmbH, Hunt Heating, IMI PLC, Incognito Heat Co Ltd., Janes Radiant Heating, JK floorheating Ltd., Mitsubishi Electric Corporation, Mysa, Nexans, S.A., nVent Electric PLC, OJ Electronics A/S By BITZER Kühlmaschinenbau GmbH, Purmo Group Oy Ab, REHAU Limited, Reliance Worldwide Corporation Ltd., Resideo Technologies, Inc., Robert Bosch GmbH, Schluter Systems L.P., Schneider Electric SE, Schütz GmbH & Co. KGaA, Siemens AG, Stiebel Eltron GmbH & Co. KG, Therma-HEXX Corporation, ThermoSoft International Corp., Uponor Corporation, and Warmup PLC.
The report offers valuable insights on the following aspects:
- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast for the Underfloor Heating Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Underfloor Heating Market?
- What is the competitive strategic window for identifying opportunities in the Underfloor Heating Market?
- What are the latest technology trends and regulatory frameworks in the Underfloor Heating Market?
- What is the market share of the leading vendors in the Underfloor Heating Market?
- Which modes and strategic moves are suitable for entering the Underfloor Heating Market?
Please Note: PDF & Excel + Online Access - 1 Year
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Underfloor Heating Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Rising residential and commercial construction activities
- 5.1.1.2. Growing demand for energy-efficient underfloor heating solutions
- 5.1.1.3. Continuous investments in the expansion of the industrial sector
- 5.1.2. Restraints
- 5.1.2.1. Concern associated with floor height and high installation costs
- 5.1.3. Opportunities
- 5.1.3.1. Ongoing technological advancements in underfloor heating
- 5.1.3.2. Emergence of smart building concept and need for underfloor heating solutions
- 5.1.4. Challenges
- 5.1.4.1. Operational issues with underfloor heating across diverse climate conditions
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.3.1. Increasing development of energy efficient system coupled with construction activities across Americas
- 5.3.2. Rising industrial spending and ongoing Institution research for advancing capabilities of underfloor heating across Asia-Pacific
- 5.3.3. Expansion of smart grid infrastructure coupled with the presence of major native manufacturers in the EMEA region
- 5.4. Cumulative Impact of COVID-19
- 5.5. Cumulative Impact of Russia-Ukraine Conflict
- 5.6. Cumulative Impact of High Inflation
- 5.7. Porter’s Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
- 5.8. Value Chain & Critical Path Analysis
- 5.9. Regulatory Framework
- 5.10. Client Customization
- 6. Underfloor Heating Market, by Offering
- 6.1. Introduction
- 6.2. Hardware
- 6.3. Services
- 7. Underfloor Heating Market, by Type
- 7.1. Introduction
- 7.2. Electric Underfloor Heating
- 7.3. Hydronic Underfloor Heating
- 8. Underfloor Heating Market, by Installation Type
- 8.1. Introduction
- 8.2. New Installation
- 8.3. Retrofitting
- 9. Underfloor Heating Market, by Application
- 9.1. Introduction
- 9.2. Commercial
- 9.3. Industrial
- 9.4. Residential
- 10. Americas Underfloor Heating Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Underfloor Heating Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Underfloor Heating Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. FPNV Positioning Matrix
- 13.2. Market Share Analysis, By Key Player
- 13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Merger & Acquisition
- 13.3.1.1. Renewables firm expands further with South coast acquisition
- 13.3.1.2. Bitzer to acquire floor heating and controls specialist OJ electronics
- 13.3.1.3. IMI completes Heatmiser purchase
- 13.3.2. Agreement, Collaboration, & Partnership
- 13.3.2.1. Gold Heat Announces Partnership with HomeAid
- 13.3.3. New Product Launch & Enhancement
- 13.3.3.1. Resideo Launches New Smart Thermostat with Integrated Home Comfort Solutions
- 13.3.3.2. New Eco-friendly ThermaPANEL Hydronic Radiant Heating and Cooling System Improves Efficiency, Reduces Energy Costs, Eliminates Onsite Fossil Fuels
- 13.3.3.3. Uponor Launches New Xpress Trak Residential Radiant Heating Panels
- 13.3.3.4. Aqara Smart Thermostat S3 with LED Display Announced
- 13.3.4. Award, Recognition, & Expansion
- 13.3.4.1. nVent and MAPEI Introduce Mapeheat Electrical Underfloor Heating Products in the UK
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.1.1. Ambiente Systems Ltd.
- 14.1.2. Amuheat Pty Limited
- 14.1.3. Arkon Heating
- 14.1.4. ASIASTAR co., Ltd.
- 14.1.5. Daikin Industries, Ltd.
- 14.1.6. Danfoss A/S
- 14.1.7. Devex Systems Pty Limited
- 14.1.8. Emerson Electric Co.
- 14.1.9. EMPUR Produktions GmbH
- 14.1.10. ESI Heating and Cooling
- 14.1.11. Flexel International Ltd.
- 14.1.12. Gaia Climate Solutions
- 14.1.13. Genuit Group PLC
- 14.1.14. Gold Heat
- 14.1.15. Green Building Renewables
- 14.1.16. Hemstedt GmbH
- 14.1.17. Hunt Heating
- 14.1.18. IMI PLC
- 14.1.19. Incognito Heat Co Ltd.
- 14.1.20. Janes Radiant Heating
- 14.1.21. JK floorheating Ltd.
- 14.1.22. Mitsubishi Electric Corporation
- 14.1.23. Mysa
- 14.1.24. Nexans, S.A.
- 14.1.25. nVent Electric PLC
- 14.1.26. OJ Electronics A/S By BITZER Kühlmaschinenbau GmbH
- 14.1.27. Purmo Group Oy Ab
- 14.1.28. REHAU Limited
- 14.1.29. Reliance Worldwide Corporation Ltd.
- 14.1.30. Resideo Technologies, Inc.
- 14.1.31. Robert Bosch GmbH
- 14.1.32. Schluter Systems L.P.
- 14.1.33. Schneider Electric SE
- 14.1.34. Schütz GmbH & Co. KGaA
- 14.1.35. Siemens AG
- 14.1.36. Stiebel Eltron GmbH & Co. KG
- 14.1.37. Therma-HEXX Corporation
- 14.1.38. ThermoSoft International Corp.
- 14.1.39. Uponor Corporation
- 14.1.40. Warmup PLC
- 14.2. Key Product Portfolio
- 15. Appendix
- 15.1. Discussion Guide
- 15.2. License & Pricing
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