Underfloor Heating Market Size, Share & Trends Analysis Report By Product Type (Hydronic, Electric), By System (Heating Systems, Cooling Systems), By Installation Type, By Application, By Region, And Segment Forecasts, 2023

The global underfloor heating market size is anticipated to reach USD 7.42 billion by 2030, according to a new report by Grand View Research, Inc.. The market is projected to grow at a CAGR of 6.4% from 2023 to 2030. The rising construction of residential and non-residential buildings facilitated by the increasing population globally is expected to positively impact the demand of the market over the forecast period.

The worldwide population is growing at a robust growth; according to the World Bank, in 2022, the world population reached 7.95 billion from 7.89 billion in 2021. This growing population will likely create new demand in the real estate industry for residential buildings. New construction projects, as well as the renovation projects of the existing residential buildings, are likely to demand more underfloor heating systems.

Commercial spaces such as educational institutes, cafes, offices, restaurants, etc., have seen a surge in the growth of the total spending on construction. In addition, customer demands for enhanced comfort and improved aesthetics in indoor dwelling spaceshave contributed to the increasing demand over the forecast period.

Technological innovation and heightened product launches of electric underfloor heating systems are likely to positively impact the demand for the product in the global market. Such innovations comprise a quick-to-install prefabricated 'click-in' underfloor heating system, offering direct installation on the existing floor along with the connection to the radiator system.

The key players in the market are actively focusing on strategic activities such as product innovation, product launches, investments in research and development, expansion to new geographic locations, mergers & acquisitions, and partnerships. With these strategic initiatives, the key players focus on expanding the market reach and strengthening the market presence.

Underfloor Heating Market Report Highlights:

In terms of product type, the hydronic segment held the highest market share of 72% in 2022 owing to the high product awareness and their energy efficiency to distribute the heat across the floor
In terms of system, the heating systems segment held the largest market share of 65.0% in 2022 owing to the higher product awareness and higher demand in the market for the residential and commercial segment
In terms of installation type, the new installation segment held the highest revenue share of 79.0% in 2022 attributed to the larger demand for new installations at the newly constructed buildings
In terms of application, the commercial segment is anticipated to grow at the fastest CAGR over the forecast period owing to the increasing expenditure by cafes, restaurants, offices, etc. to provide enhanced comfort
In February 2023, Danfoss announced the launch of the new Danfoss Icon2™ system at ISH 2023, which was held in March 2023. The new system delivers precise and efficient control of the hydronic underfloor heating system

Product Code: GVR-4-68040-142-9

Chapter 1. Methodology and Scope

1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources
- 1.3.4. Third-Party Perspectives
- 1.3.5. Primary Research
1.4. Information Analysis
- 1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights

Chapter 3. Market Variables, Trends & Scope

3.1. Market Segmentation & Scope
3.2. Penetration and Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.4. Technology Overview
3.5. Regulatory Framework
3.6. Market Dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Market Opportunity Analysis
- 3.6.4. Market Challenge Analysis
3.7. Industry Analysis
- 3.7.1. Porter's analysis
- 3.7.2. Macroeconomic Analysis
3.8. Economic Mega Trend

Chapter 4. Underfloor Heating Market: Product Type Estimates & Trend Analysis

4.1. Product Type Analysis & Market Share, 2022 & 2030
- 4.1.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.2. Hydronic
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.3. Electric
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)

Chapter 5. Underfloor Heating Market: System Estimates & Trend Analysis

5.1. System Analysis & Market Share, 2022 & 2030
- 5.1.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.2. Heating Systems
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.3. Control Systems
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)

Chapter 6. Underfloor Heating Market: Installation Type Estimates & Trend Analysis

6.1. Installation Type Analysis & Market Share, 2022 & 2030
- 6.1.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.2. New Installation
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.3. Retrofit Installation
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)

Chapter 7. Underfloor Heating Market: Application Estimates & Trend Analysis

7.1. Application Analysis & Market Share, 2022 & 2030
- 7.1.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.2. Residential
- 7.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.3. Commercial
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.4. Industrial
- 7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)

Chapter 8. Underfloor Heating Market: Regional Estimates & Trend Analysis

8.1. Regional Market Snapshot
8.2. North America
- 8.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
  - 8.2.2.1. Macroeconomic Outlook
  - 8.2.2.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.2.3. Canada
  - 8.2.3.1. Macroeconomic Outlook
  - 8.2.3.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.2.4. Mexico
  - 8.2.4.1. Macroeconomic Outlook
  - 8.2.4.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
8.3. Europe
- 8.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.3.2. Germany
  - 8.3.2.1. Macroeconomic Outlook
  - 8.3.2.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.3.3. France
  - 8.3.3.1. Macroeconomic Outlook
  - 8.3.3.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.3.4. Italy
  - 8.3.4.1. Macroeconomic Outlook
  - 8.3.4.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.3.5. UK
  - 8.3.5.1. Macroeconomic Outlook
  - 8.3.5.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.3.6. Spain
  - 8.3.6.1. Macroeconomic Outlook
  - 8.3.6.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
8.4. Asia Pacific
- 8.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4.2. China
  - 8.4.2.1. Macroeconomic Outlook
  - 8.4.2.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4.3. Japan
  - 8.4.3.1. Macroeconomic Outlook
  - 8.4.3.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4.4. Australia
  - 8.4.4.1. Macroeconomic Outlook
  - 8.4.4.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4.5. India
  - 8.4.5.1. Macroeconomic Outlook
  - 8.4.5.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4.6. South Korea
  - 8.4.6.1. Macroeconomic Outlook
  - 8.4.6.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
8.5. Central & South America
- 8.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
  - 8.5.2.1. Macroeconomic Outlook
  - 8.5.2.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.5.3. Argentina
  - 8.5.3.1. Macroeconomic Outlook
  - 8.5.3.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
8.6. Middle East & Africa
- 8.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.6.2. Saudi Arabia
  - 8.6.2.1. Macroeconomic Outlook
  - 8.6.2.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.6.3. South Africa
  - 8.6.3.1. Macroeconomic Outlook
  - 8.6.3.2. Market estimates and forecasts, 2018 - 2030 (USD Million)

Chapter 9. Competitive Analysis

9.1. Recent Developments & Impact Analysis, By Key Market Participants
9.2. Company Categorization
9.3. Participant's Overview
9.4. Financial Overview
9.5. Product Benchmarking
9.6. Company Market Positioning
9.7. Company Market Share Analysis, 2022
9.8. Company Heat Map Analysis
9.9. Strategy Mapping

Chapter 10. Company Profiles

10.1. Danfoss
10.2. Daikin
10.3. Emerson Electric Co.
10.4. Honeywell International
10.5. Mitsubishi Electric Corporation
10.6. Pentair plc
10.7. Robert Bosch
10.8. Siemens AG
10.9. Schneider Electric
10.10. Thermostat International
10.11. Uponor Corporation
10.12. Resideo Technologies Inc.
10.13. nVent Electric Plc
10.14. Warmup
10.15. Rehau Ltd
10.16. Incognito Heat Co.

Product Code: GVR-4-68040-142-9

List of Tables

Table 1. Underfloor Heating Market Estimates and Forecasts, By Product Type, 2018 - 2030 (USD Million)
Table 2. Underfloor Heating Market Estimates and Forecasts, By System, 2018 - 2030 (USD Million)
Table 3. Underfloor Heating Market Estimates and Forecasts, By Installation Type, 2018 - 2030 (USD Million)
Table 4. Underfloor Heating Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
Table 5. U.S. Macroeconomic Outlook
Table 6. Canada Macroeconomic Outlook
Table 7. Mexico Macroeconomic Outlook
Table 8. Germany Macroeconomic Outlook
Table 9. France Macroeconomic Outlook
Table 10. Italy Macroeconomic Outlook
Table 11. UK Macroeconomic Outlook
Table 12. Spain Macroeconomic Outlook
Table 13. China Macroeconomic Outlook
Table 14. Japan Macroeconomic Outlook
Table 15. Australia Macroeconomic Outlook
Table 16. India Macroeconomic Outlook
Table 17. South Korea Macroeconomic Outlook
Table 18. Brazil Macroeconomic Outlook
Table 19. Argentina Macroeconomic Outlook
Table 20. Saudi Arabia Macroeconomic Outlook
Table 21. South Africa Macroeconomic Outlook
Table 22. Recent Developments & Impact Analysis, By Key Market Participants
Table 23. Company Market Share, 2022
Table 24. Company Heat Map Analysis, 2022
Table 25. Key Companies undergoing expansion
Table 26. Key Companies involved in mergers & acquisition

List of Figures

Fig. 1 Information Procurement
Fig. 2 Primary Research Pattern
Fig. 3 Primary Research Process
Fig. 4 Market Research Approaches - Bottom Up Approach
Fig. 5 Market Research Approaches - Top Down Approach
Fig. 6 Market Research Approaches - Combined Approach
Fig. 7 Market Outlook
Fig. 8 Segmental Outlook
Fig. 9 Competitive Insights
Fig. 10 Market Segmentation & Scope
Fig. 11 Penetration and Growth Prospect Mapping
Fig. 12 Industry Value Chain Analysis
Fig. 13 Market Driver Analysis
Fig. 14 Market Restraint Analysis
Fig. 15 Underfloor Heating Market: Product Type Movement Analysis, 2022 & 2030
Fig. 16 Underfloor Heating Market: System Movement Analysis, 2022 & 2030
Fig. 17 Underfloor Heating Market: Installation Type Movement Analysis, 2022 & 2030
Fig. 18 Underfloor Heating Market: Application Movement Analysis, 2022 & 2030
Fig. 19 Underfloor Heating Market: Regional Movement Analysis, 2022 & 2030
Fig. 20 Key Company/Competition Categorization
Fig. 21 Competitive Dashboard Analysis
Fig. 22 Market Position Analysis

Underfloor Heating Market Size, Share & Trends Analysis Report By Product Type (Hydronic, Electric), By System (Heating Systems, Cooling Systems), By Installation Type, By Application, By Region, And Segment Forecasts, 2023 - 2030

Description

Table of Contents

List of Tables

Underfloor Heating Market Growth & Trends:

Underfloor Heating Market Report Highlights:

Table of Contents

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Market Variables, Trends & Scope

Chapter 4. Underfloor Heating Market: Product Type Estimates & Trend Analysis

Chapter 5. Underfloor Heating Market: System Estimates & Trend Analysis

Chapter 6. Underfloor Heating Market: Installation Type Estimates & Trend Analysis

Chapter 7. Underfloor Heating Market: Application Estimates & Trend Analysis

Chapter 8. Underfloor Heating Market: Regional Estimates & Trend Analysis

Chapter 9. Competitive Analysis

Chapter 10. Company Profiles

List of Tables

List of Figures