Global Underfloor Heating Market Size, Trends & Growth Opportunity By Type (Electric Underfloor Heating, Hydronic Underfloor Heating), By Offerings (Hardware, Services), By Application (Healthcare, Residential, Commercial, Industrial Sector, Entertainment), By Region and Forecast till 2027.
Report ID : IR100113 | Industries : Energy & Power | Published On :May 2024 | Page Count : 240
Global Underfloor Heating Market Size, Trends & Growth Opportunity By Type (Electric Underfloor Heating, Hydronic Underfloor Heating), By Offerings (Hardware, Services), By Application (Healthcare, Residential, Commercial, Industrial Sector, Entertainment), By Region and Forecast till 2027.
Market overview
Global Underfloor Heating Market was valued at USD 5.2 billion in 2021 which is expected to grow USD 7.16 billion by 2027 at a CAGR 4.49 % from 2022-2027.
The application of electrical or water systems to the floor in order to create heat beneath the flooring is known as underfloor heating. Electrical systems employ electrical cables for the generation of heat. Smaller spaces, such as bathrooms, where installing a water underfloor system would take up more space and time, are better suited for underfloor heating systems.
Market Drivers
The key factor that is anticipated to fuel the worldwide underfloor heating market expansion is the increase in demand for space heating as a result of the extreme climatic conditions. The worldwide underfloor heating industry is also anticipated to develop as consumer awareness of energy conservation rises. Water systems and electrical systems are the two categories under which underfloor heating systems fall. Pipes, a pump, and a heat source are all part of the water system, which warms the floor. Moreover, rising investment in the construction and renovation of new infrastructure is anticipated to raise demand for underfloor heating during this projection period.
Market Restraint
However, the main restraint that is anticipated to hinder the global underfloor heating market is underfloor heating's slower response time than radiator systems. Moreover, challenges encountered during system installation and maintenance will have an impact on the global market for underfloor heating.
Market Segmentation
Global Underfloor Heating Market is segmented into type such as Electric Underfloor Heating, and Hydronic Underfloor Heating, by offering such as Hardware, and Services. Further, Global Underfloor Heating Market is segmented into application such as Healthcare, Residential, Commercial, Industrial Sector, Entertainment, and Others.
Also, Global Underfloor Heating Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Europe Holds Maximum Market Share. Due to a growing preference for energy-efficient buildings that allow businesses to increase sales and increase profits, Europe has seen an increase in the number of players joining the market. By taking into account energy management and security-based devices, the European Commission predicts that the installed base of smart home and intelligent building devices in the region would increase to over 980 million units in the next five years. According to OECD, the European Union also led investments in energy-efficient buildings. The market is therefore anticipated to rise during the projected period as a result of the region's increased investments and emphasis on energy-efficient buildings.
Market Key Players
Various key players are discussed in this report such as Siemens, Mitsubishi Electric, Pentair, Danfoss, Robert Bosch, Emerson, Rehau, Warmup, Nvent Electric Plc, Honeywell, and Uponor.
Market Taxonomy
By Type
• Electric Underfloor Heating
• Hydronic Underfloor Heating
By Offering
• Hardware
• Services
By Application
• Healthcare
• Residential
• Commercial
• Industrial Sector
• Entertainment
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Underfloor Heating Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Underfloor Heating Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Underfloor Heating Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Underfloor Heating Market Share Analysis, By Type
5.3 Global Underfloor Heating Market Size and Forecast, By Type
5.3.1 Electric Underfloor Heating
5.3.2Hydronic Underfloor Heating
6 Global Underfloor Heating Market, By Offering
6.1 Y-o-Y Growth Comparison, By Offering
6.2 Global Underfloor Heating Market Share Analysis, By Offering
6.3 Global Underfloor Heating Market Size and Forecast, By Offering
6.3.1 Hardware
6.3.2 Services
7 Global Underfloor Heating Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Underfloor Heating Market Share Analysis, By Application
7.3 Global Underfloor Heating Market Size and Forecast, By Application
7.3.1 Healthcare
7.3.2 Residential
7.3.3Commercial
7.3.4 Industrial Sector
7.3.5 Entertainment
7.3.6 Others
8Global Underfloor Heating Market, By Region
8.1 Global Underfloor Heating Market Share Analysis, By Region
8.2 Global Underfloor Heating Market Share Analysis, By Region
8.3 Global Underfloor Heating Market Size and Forecast, By Region
9 North America Underfloor Heating Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 North America Underfloor Heating Market Share Analysis, By Type
9.3 North America Underfloor Heating Market Size and Forecast, By Offering
9.4 North America Underfloor Heating Market Size and Forecast, By Application
9.5 North America Underfloor Heating Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10Europe Underfloor Heating Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Europe Underfloor Heating Market Share Analysis, By Type
10.3 Europe Underfloor Heating Market Size and Forecast, By Offering
10.4 Europe Underfloor Heating Market Size and Forecast, By Application
10.5 Europe Underfloor Heating Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11Asia Pacific Underfloor Heating Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Asia Pacific Underfloor Heating Market Share Analysis, By Type
11.3 Asia Pacific Underfloor Heating Market Size and Forecast, By Offering
11.4 Asia Pacific Underfloor Heating Market Size and Forecast, By Application
11.5 Asia Pacific Underfloor Heating Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Underfloor Heating Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Latin America Underfloor Heating Market Share Analysis, By Type
12.3 Latin America Underfloor Heating Market Size and Forecast, By Offering
12.4 Latin America Underfloor Heating Market Size and Forecast, By Application
12.5 Latin America Underfloor Heating Market Size and Forecast, Country
13Middle East Underfloor Heating Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Middle East Underfloor Heating Market Share Analysis, By Type
13.3 Middle East Underfloor Heating Market Size and Forecast, By Offering
13.4 Middle East Underfloor Heating Market Size and Forecast, By Application
13.5 Middle East Underfloor Heating Market Size and Forecast, By Country
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 Siemens
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Mitsubishi Electric
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Pentair
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Danfoss
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Robert Bosch
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Emerson
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Rehau
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Warmup
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Nvent Electric Plc
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Honeywell
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 Upomor
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies