Hydronic Underfloor Heating Market Size, Share, Growth Analysis, By Facility(New buildings, Retrofit), By Application(Residential, Industrial and Commercial) - Industry Forecast 2024-2031

Hydronic Underfloor Heating Market size was valued at USD 4 billion in 2021 and is poised to grow from USD 4.24 billion in 2022 to USD 6.76 billion by 2030, at a CAGR of 6% during the forecast period (2023-2030).

The competition in the hydronic underfloor heating market is intense as almost all market players are fighting to acquire a substantial market share. hydronic underfloor heating providers are focusing on research and development of novel products that not only offer good heating but are better at reducing energy costs than other products in the marketplace. Advancements in hydronic heating technologies will be crucial for the development of new products in the future. hydronic underfloor heating system suppliers are also focusing on expanding their distribution networks and launching new products to stand out from the competition. hydronic underfloor heating companies can also leverage the sustainability trend in their marketing strategies to boost their sales potential. hydronic underfloor heating market players can focus on improving the affordability of their products to reach new audiences and attract new customers all over the world. 'Siemens AG (Germany)', 'Uponor Corporation (Finland)', 'ThermoSoft International Corporation (US)', 'Pentair plc (US)', 'Uponor Ltd (UK)', 'Schneider Electric SE (France)', 'Watts Industries, Inc. (US)', 'HeatLink Group Inc. (Canada)', 'Roberts Gordon LLC (US)', 'Emerson Electric Co. (US)', 'Kermi GmbH (Germany)', 'Eberle Controls GmbH (Germany)', 'Vaillant Group (Germany)', 'Dimplex (Glen Dimplex Group) (Ireland)', 'Ecosmart US (US)', 'Warmup plc (UK)', 'Flextherm Inc. (Canada)', 'Sloan Valve Company (US)', 'Warmboard Inc. (US)', 'Grundfos Holding A/S (Denmark)'

Businesses as well as consumers around the world are focusing on reducing their energy costs and opting for sustainable solutions to reduce their carbon footprint. Adoption of hydronic underfloor heating systems allows people to achieve both of the aforementioned goals without compromising on the heating factor thereby driving market growth.

Integration of Smart Technology: Integrating smart and advanced technologies with hydronic underfloor heating systems is projected to be a key trend that will open up new avenues of opportunities for market players going forward. Users can access their heating system remotely and even control it with their smartphones and virtual assistants to offer an enhanced user experience. Seamless integration of smart heating solutions with smart home concepts is also slated to boost market growth.

The high focus on sustainability allows Europe to account for a dominant share of the hydronic underfloor heating market. The imposition of stringent energy efficiency mandates and the growing adoption of green construction practices are also slated to bolster market growth in Europe. The presence of many eco-conscious people in this region also adds up to be a key market driver. Moreover, the history of underfloor heating systems in this region also makes hydronic underfloor heating an attractive option for Europeans.