Underfloor Heating Global Market Report 2023

Description

“Underfloor Heating Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on underfloor heating market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for underfloor heating? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The underfloor heating market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Hydronic Underfloor Heating; Electric Underfloor Heating

2) By Installation: New installations; Retrofit installations

3) By Application: Residential; Commercial; Institutional

Companies Mentioned: Siemens AG; Mitsubishi Electric Corporation; Pentair plc; Emersion Electric Co; Honeywell International Inc.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the underfloor heating market are: Siemens AG, Mitsubishi Electric Corporation, Pentair plc, Emersion Electric Co, Honeywell International Inc., Uponor Corporation Amuheat, Robert Bosch GmbH, Danfoss, Schneider Electric, Uponor Corporation, Schluter-Systems Ltd., Polypipe, SALUS North America, Hurlcon Hydronic Heating, Amuheat, ESI Heating and Cooling, and Januaryes Radiant.

The global underfloor heating market grew from $4.95 billion in 2022 to $5.21 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The underfloor heating market is expected to grow to $6.45 billion in 2027 at a CAGR of 5.5%.

The underfloor heating market consists of sales of different types of underfloor heating systems include hydronic underfloor heating, electric underfloor heating, heating cables, and heating mats. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The underfloor heating are systems that are used to warm the floor or act as a primary heat source. Underfloor heating works by distributing a lower temperature of warm water through a circuit of pipes under the finished floor. Intelligent thermostats then monitor and control the heat to maintain a consistent temperature throughout the property or individual zones.

Western Europe was the largest region in the underfloor heating market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the underfloor heating market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of underfloor heating are hydronic underfloor heating and electric underfloor heating. A hydronic underfloor heating system consists of a network of pipes running beneath the floor with hot water heated by a boiler flowing through the pipes to heat the substrate and, as a result, the room. Heating cables are used for the comfortable radiant heating of new or refurbished commercial buildings. The installations are of two types: new installations and retrofit installations. Underfloor heating is used in residential, commercial, institutional, and industrial areas.

Strong government support and incentives toward the adoption of underfloor heating solutions are driving the market. Government institutions across the globe are providing grants and incentives for the upgrade of existing heating systems and the adoption of renewable-source based heating systems. For instance, in 2020, the UK government launched The Green Homes Grant, which offers a financial grant of GBP 5,000 or GBP 10,000 to low-income households in the UK that covers labour and materials costs associated with the installation of heating improvement systems. These initiatives or grant schemes by governments are expected to boost the underfloor heating solutions market during the forecast period.

Strategic partnerships between companies are a recent trend that is gaining popularity in the underfloor heating market. Companies in the underfloor heating market are entering into a strategic collaboration with technology players for the development of technologically advanced underfloor heating products with innovative features. For instance, in January 2020, nVent Electric plc, a Canada-based provider of electric radiant floor heating solutions, entered into a strategic collaboration with MAPEI to develop and launch "MAPEI Mapeheat with Technology from nVent" in the USA market.

In February 2021, Polypipe Group, an Italy-based manufacturer of plastic pipes and heating solutions, acquired Nu-Heat for $27 million. With this acquisition, Polypipe is focusing on broadening its market reach in climate management solutions across the globe. Nu-Heat is a UK-based provider of underfloor heating solutions.

The countries covered in the underfloor heating market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The underfloor heating market research report is one of a series of new reports from The Business Research Company that provides underfloor heating market statistics, including underfloor heating industry global market size, regional shares, competitors with an underfloor heating market share, detailed underfloor heating market segments, market trends and opportunities, and any further data you may need to thrive in the underfloor heating industry. This underfloor heating market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r3643

1. Executive Summary

2. Underfloor Heating Market Characteristics

3. Underfloor Heating Market Trends And Strategies

4. Underfloor Heating Market - Macro Economic Scenario

4.1 COVID-19 Impact On Underfloor Heating Market
4.2 Ukraine-Russia War Impact On Underfloor Heating Market
4.3 Impact Of High Inflation On Underfloor Heating Market

5. Underfloor Heating Market Size And Growth

5.1. Global Underfloor Heating Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
5.2. Global Underfloor Heating Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market

6. Underfloor Heating Market Segmentation

6.1. Global Underfloor Heating Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Hydronic Underfloor Heating
Electric Underfloor Heating
6.2. Global Underfloor Heating Market, Segmentation By Installation, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
New installations
Retrofit installations
6.3. Global Underfloor Heating Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Residential
Commercial
Institutional

7. Underfloor Heating Market Regional And Country Analysis

7.1. Global Underfloor Heating Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Underfloor Heating Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Underfloor Heating Market

8.1. Asia-Pacific Underfloor Heating Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Underfloor Heating Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific Underfloor Heating Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Underfloor Heating Market

9.1. China Underfloor Heating Market Overview
9.2. China Underfloor Heating Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Underfloor Heating Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Underfloor Heating Market

10.1. India Underfloor Heating Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Underfloor Heating Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Underfloor Heating Market

11.1. Japan Underfloor Heating Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Underfloor Heating Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Underfloor Heating Market

12.1. Australia Underfloor Heating Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Underfloor Heating Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Underfloor Heating Market

13.1. Indonesia Underfloor Heating Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Underfloor Heating Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Underfloor Heating Market

14.1. South Korea Underfloor Heating Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Underfloor Heating Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Underfloor Heating Market

15.1. Western Europe Underfloor Heating Market Overview
15.2. Western Europe Underfloor Heating Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Underfloor Heating Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Underfloor Heating Market

16.1. UK Underfloor Heating Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Underfloor Heating Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Underfloor Heating Market

17.1. Germany Underfloor Heating Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Underfloor Heating Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Underfloor Heating Market

18.1. France Underfloor Heating Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Underfloor Heating Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Underfloor Heating Market

19.1. Eastern Europe Underfloor Heating Market Overview
19.2. Eastern Europe Underfloor Heating Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Underfloor Heating Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Underfloor Heating Market

20.1. Russia Underfloor Heating Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Underfloor Heating Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Underfloor Heating Market

21.1. North America Underfloor Heating Market Overview
21.2. North America Underfloor Heating Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Underfloor Heating Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Underfloor Heating Market

22.1. USA Underfloor Heating Market Overview
22.2. USA Underfloor Heating Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Underfloor Heating Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Underfloor Heating Market

23.1. South America Underfloor Heating Market Overview
23.2. South America Underfloor Heating Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Underfloor Heating Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Underfloor Heating Market

24.1. Brazil Underfloor Heating Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Underfloor Heating Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Underfloor Heating Market

25.1. Middle East Underfloor Heating Market Overview
25.2. Middle East Underfloor Heating Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Underfloor Heating Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Underfloor Heating Market

26.1. Africa Underfloor Heating Market Overview
26.2. Africa Underfloor Heating Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Underfloor Heating Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Underfloor Heating Market Competitive Landscape And Company Profiles

27.1. Underfloor Heating Market Competitive Landscape
27.2. Underfloor Heating Market Company Profiles
- 27.2.1. Siemens AG
  - 27.2.1.1. Overview
  - 27.2.1.2. Products and Services
  - 27.2.1.3. Strategy
  - 27.2.1.4. Financial Performance
- 27.2.2. Mitsubishi Electric Corporation
  - 27.2.2.1. Overview
  - 27.2.2.2. Products and Services
  - 27.2.2.3. Strategy
  - 27.2.2.4. Financial Performance
- 27.2.3. Pentair plc
  - 27.2.3.1. Overview
  - 27.2.3.2. Products and Services
  - 27.2.3.3. Strategy
  - 27.2.3.4. Financial Performance
- 27.2.4. Emersion Electric Co
  - 27.2.4.1. Overview
  - 27.2.4.2. Products and Services
  - 27.2.4.3. Strategy
  - 27.2.4.4. Financial Performance
- 27.2.5. Honeywell International Inc.
  - 27.2.5.1. Overview
  - 27.2.5.2. Products and Services
  - 27.2.5.3. Strategy
  - 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Underfloor Heating Market

29. Underfloor Heating Market Future Outlook and Potential Analysis

30. Appendix

30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer