Global Underfloor Heating Market Assessment and Forecast 2023-2028 – Surging Growth in Hydronic Underfloor Heating Driven by Cutting-Edge Hardware Innovations – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Underfloor Heating Market, Forecast to 2028” report has been added to ResearchAndMarkets.com’s offering.

The global underfloor heating market is poised for remarkable expansion, projected to surge from USD 5.1 billion in 2023 to a substantial USD 7.4 billion by the year 2028, boasting a commendable CAGR of 7.5%.

This robust growth trajectory is a testament to the escalating demand for heating solutions that marry energy efficiency with unmatched comfort on a global scale. The driving forces behind this surge are deeply intertwined with technological advancements, an ever-growing commitment to sustainability, burgeoning new construction ventures, and enticing retrofit prospects. This convergence of factors is propelling the underfloor heating market into a realm of heightened competitiveness and innovation.

Segmented across multiple dimensions, including offering, product type and component, installation types, application, and region, the underfloor heating market’s complexity is underlined by its comprehensive analysis in North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The comprehensive report not only delves into the market’s driving forces and challenges but also casts a forward-looking gaze, foreseeing its path until the year 2028.

Additionally, the report provides a unique vantage point with leadership mapping and thorough analysis of all entities within the underfloor heating ecosystem. Stepping onto this dynamic stage are key industry players such as Uponor Corporation (Finland), Resideo Technologies Inc. (US), nVent Electric PLC (UK), Warmup (UK), and Rehau Ltd (Switzerland), each contributing their distinct notes to the evolving symphony of the underfloor heating market.

Hardware segment accounted for the largest share of underfloor heating market in 2022

The Hardware of Underfloor heating is experiencing robust growth in the market. Underfloor heating systems have undergone notable hardware advancements in recent years. These advancements encompass improved heating elements such as mats and films that offer enhanced efficiency, thermostats with user-friendly interfaces and remote control capabilities, individual room control through zoning, integration with home automation systems, advanced sensor technology, and enhanced energy efficiency achieved through improved insulation and heat distribution techniques. These advancements have significantly enhanced underfloor heating systems’ overall performance, convenience, and energy efficiency.

Hydronic underfloor heating to grow at the highest rate in underfloor heating market in 2022

The hydronic underfloor heating market has grown substantially in recent years, primarily propelled by remarkable hardware advancements. These advancements encompass the adoption of robust materials in enhanced piping systems, the integration of state-of-the-art manifolds for precise control, the implementation of energy-efficient pumps, the diversification of heat source options, the incorporation of radiant cooling functionalities, the improvement of insulation materials, and the optimization of heat distribution techniques. These developments have significantly elevated the efficiency and versatility of hydronic underfloor heating systems, positioning them as highly desirable solutions for residential and commercial applications in the business sector.

Residential application to grow at the highest CAGR during the forecast period

The growth of underfloor heating in residential applications can be attributed to its enhanced comfort, energy efficiency, design flexibility, zoning capabilities, integration with smart home technology, and health benefits. Homeowners value even heat distribution, reduced heating costs, compatibility with diverse flooring types, individual control, the convenience of smart integration, and improved indoor air quality. Additionally, retrofit options have made underfloor heating accessible for existing homes, further contributing to its popularity in the residential sector.

Europe to account for the largest market size in 2022

The adoption of underfloor heating in Europe has witnessed substantial growth owing to its energy efficiency, comfort, retrofitting adaptability, integration with renewable energy sources, compliance with building standards, technological advancements, and market availability. The popularity of underfloor heating in Europe is driven by the region’s inclination towards energy-efficient and visually appealing heating solutions, especially in retrofitting older buildings.

Market Dynamics

• Drivers
  • Increasing Demand for Cost-Effective and Advanced Heating Solutions
  • Government-Led Support and Incentives for Boosting Adoption of Underfloor Heating
  • Implementation of Stringent Building Codes
  • High Comfort and Flexibility Associated with Underfloor Heating Systems
• Restraints
  • Longer Response Time Than Other Heating Systems
  • High Installation Cost
• Opportunities
  • Technological Advancements and Digitalization in Underfloor Heating Solutions
  • Emergence of Internet of Things (IoT)-based Underfloor Heating Systems
  • Expanding Construction Industry
• Challenges
  • Setup Issues Associated with Underfloor Heating Systems

Premium Insights

• Booming Residential Sector to Drive Demand
• Hardware Segment to Hold Higher Market Share in 2028
• Hydronic Underfloor Heating Segment to Hold Larger Market Share in 2028
• Thermostat & Sensor Segment to Register Highest CAGR During Forecast Period
• Heating Mat Segment to Hold Largest Market Share in 2028
• Residential Segment to Dominate Underfloor Heating Market During Forecast Period
• Europe to Hold Largest Share of Underfloor Heating Market in 2028
• UK to Register Highest CAGR in Underfloor Heating Market During Forecast Period

Case Study Analysis

• Devex Systems Installed Hydronic Floor Heating System at Penrith Baptist Church
• Warmup Installed Hydronic Underfloor Heating System at Harrow Road
• Warmup Installed Underfloor Heating System at Kings Court
• Thermo Floor UK Designed Modern Underfloor Heating System for Trinity College Chapel
• Chinmaya Mission Installed Hybrid Underfloor Heating System at Grand Detached Victorian Building

Technology Analysis

• Artificial Intelligence (AI)
• Internet of Things (IoT)
• Predictive Maintenance

Other Key Insights

• Value Chain Analysis
• Ecosystem Analysis
• Pricing Analysis
• Trends/Disruptions Impacting Customers’ Businesses
• Porter’s Five Forces Analysis
• Key Stakeholders and Buying Criteria
• Trade Analysis
• Patent Analysis
• Key Conferences and Events, 2023-2024
• Regulations and Standards

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Underfloor Heating Market, by Floor Covering Types

7 Underfloor Heating Market, by Connection Type

8 Underfloor Heating Market, by Subsystem

9 Underfloor Heating Market, by Installation Type

10 Underfloor Heating Market, by Offering

11 Underfloor Heating Market, by Product Type and Component

12 Underfloor Heating Market, by Application

13 Underfloor Heating Market, by Region

14 Competitive Landscape

15 Company Profiles

16 Appendix

Companies Mentioned

• Amuheat
• Chinmaya Mission
• Danfoss
• Devex Systems
• Emerson Electric Co.
• ESI Heating and Cooling
• Flexel International
• Incognito Heat Co.
• Janes Radiant
• Mitsubishi Electric Corporation
• Myson
• Nexans
• nVent
• Rayotec Ltd.
• RBT Underfloor Ltd.
• REHAU Ltd.
• Resideo Technologies Inc.
• Robert Bosch GmbH
• Schluter-Systems
• Schneider Electric
• Siemens AG
• Solfex Ltd.
• Thermo Floor UK
• Thermosoft International Corporation
• Uheat
• Uponor Corporation
• Warmafloor
• Warmup

For more information about this report visit https://www.researchandmarkets.com/r/tve0rk

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