Residential Underfloor Heating Market Size - By Technology (Hydronic, Electric), By Facility (New Buildings, Retrofit), By Application (Single Family, Multi Family), & Forecast, 2024 - 2032

Residential Underfloor Heating Market size is poised to expand at over 5.5% CAGR from 2024 to 2032 owing to the rise in renovation and remodeling activities.

Of late, homeowners are widely undertaking home improvement projects that often choose underfloor heating systems for their efficiency, comfort, and modern appeal. Underfloor heating has emerged as a popular choice as more people are seeking to upgrade their homes for increased comfort and energy efficiency. They offer seamless integration into existing flooring during renovations for providing even heat distribution and eliminating the need for bulky radiators. This increasing focus on modernizing homes and improving living spaces is providing potential growth opportunities to the industry players, further accelerating the industry expansion. To cite an instance, in September 2023, Uponor developed its Siccus Mini underfloor heating system, ideal for renovation projects due to its modest construction height of 15mm.

The residential underfloor heating market is segmented into technology, facility, application, and region.

With respect to technology, the market value from the electric segment is anticipated to witness high demand from 2024-2032. This can be attributed to the higher adoption of electric underfloor heating systems as they offer efficient, cost-effective, and customizable heating solutions for residential spaces. With the rising demand for energy-efficient and comfortable heating options, electric underfloor heating is gaining traction among homeowners. Additionally, technology advancements have led to easy installation and smart control features for further enhancing the product appeal. For instance, in May 2023, Resideo Technologies Inc., launched its new Bluetooth(R)-enabled Honeywell Home HCC100 underfloor multi-zone controller to separately manage up to eight zones/rooms in a house or office.

In terms of application, the residential underfloor heating market from the multi-family segment generated substantial revenue in 2023 and is projected to depict considerable growth through 2032. In multi-family housing developments, such as apartment buildings and condominiums, underfloor heating systems offers a premium heating solution to enhance comfort and efficiency. The energy efficiency and space-saving benefits of underfloor heating are especially appealing in multi-family settings, where optimizing space and reducing utility costs are priorities. Furthermore, developers and property managers are seeking to differentiate their offerings and attract tenants, further contributing to the increasing product adoption.

Given the regional landscape, the North America residential underfloor heating industry is set to exhibit a robust growth rate between 2024 and 2032 attributed to the increasing focus on energy efficiency and comfort in the region. With the harsh winters in many parts, homeowners are turning to underfloor heating systems for efficient and consistent warmth. Moreover, the rising popularity of smart home technologies and eco-friendly heating solutions will further propel the regional market expansion.