What is the global market size of Underfloor Heating Market?

Underfloor Heating Market size was valued at USD 4.70 billion in 2021 and is poised to grow from USD 5.06 billion in 2022 to USD 8.51 billion by 2030, at a CAGR of 7.7% during the forecast period (2023-2030).

Global Underfloor Heating Market Size, Share, Growth Analysis, By Product(Hydronic and Electric), By Offering(Hardware and Service) - Industry Forecast 2024-2031

Report ID: SQMIG20C2037 | Region: Global | Published Date: April, 2024
Pages: 202 | Tables: 59 | Figures: 77

Global Underfloor Heating Market Dynamics

Underfloor Heating Market Drivers

Comfort and Thermal Performance to Bolster Sales

Underfloor heating provides even heat distribution across the floor, resulting in improved thermal comfort within indoor spaces. It eliminates cold spots and drafts commonly associated with traditional heating methods. The growing awareness and demand for enhanced comfort and thermal performance in residential and commercial buildings are fueling the adoption of underfloor heating systems.

The concept of smart homes is gaining popularity worldwide, with homeowners seeking innovative and convenient solutions for home automation. Underfloor heating systems can be integrated with smart home technologies, allowing users to control heating settings remotely through mobile applications or voice assistants. The demand for smart home solutions is driving the adoption of underfloor heating systems.

Underfloor Heating Market Restraints

Limited Retrofit Opportunities to Hinder Market Growth

Retrofitting underfloor heating systems in existing buildings can be challenging. The installation process may involve significant disruption and modification of the existing floor structure, making it less feasible in some situations. This limitation restricts the adoption of underfloor heating in retrofit projects and existing buildings.

Global Underfloor Heating Market Report Snapshots

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Global Underfloor Heating Market size was valued at USD 5.06 Billion in 2022 and is poised to grow from USD 5.45 Billion in 2023 to USD 9.86 Billion by 2031, at a CAGR of 7.70% during the forecast period (2024-2031).

Details are provided by rivals in the underfloor heating market competitive landscape. The following information is provided: a company overview, financials, revenue generated, market potential, investment in R&D, new market initiatives, regional presence, company strengths and weaknesses, product introduction, product width and breadth, and application domination. Only the companies' market focus on underfloor heating is addressed in the aforementioned data points. 'Uponor Corporation (Finland)', 'Danfoss A/S (Denmark)', 'Rehau AG + Co (Germany)', 'Emerson Electric Co. (United States)', 'Schneider Electric SE (France)', 'Pentair PLC (Ireland)', 'Siemens AG (Germany)', 'Robert Bosch GmbH (Germany)', 'Honeywell International Inc. (United States)', 'Raychem Corporation (United States)', 'Warmup PLC (United Kingdom)', 'Myson (United Kingdom)', 'Hunt Heating (Australia)', 'Nexans S.A. (France)', 'Amuheat Pty Ltd (Australia)', 'Polypipe Group PLC (United Kingdom)', 'Sensata Technologies Holding N.V. (Netherlands)', 'Nu-Heat UK Ltd (United Kingdom)', 'ThermoSoft International Corporation (United States)', 'Heatmiser UK Ltd (United Kingdom)', 'Gaia Climate Solutions Ltd (United Kingdom)', 'Arkon Flow Systems (Turkey)'

Underfloor heating provides even heat distribution across the floor, resulting in improved thermal comfort within indoor spaces. It eliminates cold spots and drafts commonly associated with traditional heating methods. The growing awareness and demand for enhanced comfort and thermal performance in residential and commercial buildings are fueling the adoption of underfloor heating systems.

Zoning capabilities in underfloor heating systems are becoming increasingly important. These systems allow users to control and adjust heating settings in individual rooms or zones independently, optimizing comfort and energy usage. Zoning not only enhances comfort but also offers energy savings by heating only occupied areas, making it an appealing feature for both residential and commercial applications.

Due to factors including the adoption of energy efficiency requirements, the rising level of living, and the demand for space underfloor heating as a result of the extreme climatic conditions, North America accounts for the highest share of global market revenue. Additionally, the US federal government and a number of states across the nation are providing tax breaks for the installation of efficient hydronic underfloor heating systems. These regional government programmers are what fuel the expansion of the world market.

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Global Underfloor Heating Market Size, Share, Growth Analysis, By Product(Hydronic and Electric), By Offering(Hardware and Service) - Industry Forecast 2024-2031

Global Underfloor Heating Market Dynamics

Global Underfloor Heating Market Report Snapshots

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What is the global market size of Underfloor Heating Market?

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