Underfloor Heating Market by Type (Manifolds & Valves, Zone Valves, Heating Pipes, Wiring Centers, Zone Valves, Thermal Actuators, Heating Cales, Mats, Thermostats & Sensors), Offering, Installation Type (New, Retrofit), Region - Global Forecast to 2029
The global underfloor heating market was valued at USD 5.3 billion in 2024 and is estimated to reach USD 7.6 billion by 2029, registering a CAGR of 7.3% during the forecast period. The rising urbanization, regulatory requirements for sustainable construction activities, enhanced air quality inside the residential as well as commercial complexes, zoning capabilities as well as other strategies foster a reasonable setting for underfloor heating market.
Scope of the Report
Years Considered for the Study
2020-2029
Base Year
2023
Forecast Period
2024-2029
Units Considered
Value (USD Billion)
Segments
By Type, Offering, Installation Type and Region
Regions covered
North America, Europe, APAC, RoW
"Electric to grow significantly in underfloor heating market."
Underfloor heating systems that run on electricity function similarly to electric blankets. The system generates heat by passing electricity through the cable installed beneath the floor as heating pads. While this heating type is unsuitable for large areas or cost-effective, it is ideal for smaller spaces. Electric underfloor heating systems utilize non-corrosive and flexible heating elements, making them easy to install. They require fewer components compared to hydronic underfloor heating systems. These systems are commonly used to heat carpets, rugs, laminates, tiles, and wood floors and provide floor warming.
"New installation contributes significant share in the underfloor heating market."
In 2023, the new installation segment accounted for a larger market share, and a similar trend is likely to be observed during the forecast period, as the use of underfloor heating systems is on the rise in newly constructed residential and commercial buildings. Additionally, many developed nations, such as the US, the UK, and Germany, have implemented strict energy efficiency regulations for buildings.
Underfloor heating systems can help developers reduce installation costs in new buildings by utilizing on-site laborers for basic system installation and specialist contractors for electric system and boiler commissioning and connection. Although the installation cost of water-based underfloor heating systems is initially higher than standard radiator systems, they are more energy-efficient (>30%) than traditional central heating systems. Additionally, underfloor heating systems are now being offered as a value-added feature by builders to attract home buyers. All these trends indicate that newly installed underfloor heating systems are expected to dominate the market in the near future.
"North America will contribute significantly to the growth rate in underfloor heating market."
North America is poised to contribute a significant share to the underfloor heating market for several compelling reasons. The region boasts a robust industrial, commercial as well as residential base across that forms an integral to managing complex heating processes, ensuring regulatory compliance, and improving efficiency. Advanced heating technologies enable real-time monitoring, predictive maintenance, and data analytics, thereby supporting agile decision-making and continuous improvement initiatives.
In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the underfloor heating market place.
By Company Type: Tier 1 - 40%, Tier 2 - 35%, and Tier 3 - 25%
By Designation: C-level Executives - 48%, Directors - 33%, and Others - 37%
By Region: North America- 35%, Europe - 18%, Asia Pacific- 40% and RoW- 5%
The study includes an in-depth competitive analysis of these key players in the underfloor heating market, with their company profiles, recent developments, and key market strategies.
Research Coverage
This research report categorizes the underfloor heating market by type, end-use, and region (North America, Europe, Asia Pacific). The report scope covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the underfloor heating market. A detailed analysis of the key industry players has provided insights into their business overview, solutions and services, key strategies, Contracts, partnerships, and agreements. New product and service launches, acquisitions, and recent developments associated with the underfloor heating market. This report covers competitive analysis of upcoming startups in the underfloor heating market ecosystem.
Reasons to buy this report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the underfloor heating market, and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (Increasing demand for cost-effective and advanced heating solutions, Government-led support and incentives for boosting adoption of underfloor heating solutions, Presence 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 solution, Emergence of Internet of Things (IoT) based underfloor heating systems, Expanding construction industry), and challenges (Setup issues associated with underfloor heating systems) influencing the growth of the underfloor heating market.
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the underfloor heating market
Market Development: Comprehensive information about lucrative markets - the report analyses the underfloor heating market across varied regions.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the underfloor heating market
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like as Resideo Technologies Inc (US), nVent Electric Plc (UK), Warmup (UK) Siemens (Germany), Emerson Electric Co. (US), Mitsubishi Electric Corporation (Japan) and Schneider Electric (US), among others in the underfloor heating market.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED
1.3.3 INCLUSIONS AND EXCLUSIONS
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 LIMITATIONS.
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Intended participants in primary interviews
2.1.2.2 Key participants in primary interviews
2.1.2.3 Breakdown of primaries
2.1.2.4 Key industry insights
2.1.2.5 Key data from primary sources
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Bottom-up approach for estimating market size
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Top-down approach for estimating market size
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 RESEARCH LIMITATIONS
2.6 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN UNDERFLOOR HEATING MARKET
4.2 UNDERFLOOR HEATING MARKET, BY OFFERING
4.3 UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE
4.4 UNDERFLOOR HEATING MARKET, BY APPLICATION
4.5 UNDERFLOOR HEATING MARKET, BY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing demand for cost-effective and advanced heating solutions
5.2.1.2 Rising adoption due to government support and incentives
5.2.1.3 Implementation of stringent building codes
5.2.1.4 Integration of renewable energy sources
5.2.2 RESTRAINTS
5.2.2.1 Longer response time than for other heating systems
5.2.2.2 High installation costs
5.2.2.3 Time-consuming and complex regulatory approval process
5.2.3 OPPORTUNITIES
5.2.3.1 Technological advancements and digitalization trends
5.2.3.2 Emergence of IoT-based underfloor heating systems
5.2.3.3 Expanding construction industry
5.2.4 CHALLENGES
5.2.4.1 Setup issues associated with underfloor heating systems
5.3 AI IMPACT ON UNDERFLOOR HEATING MARKET
5.4 SUPPLY CHAIN ANALYSIS
5.5 ECOSYSTEM ANALYSIS
5.6 INVESTMENT AND FUNDING SCENARIO
5.7 PRICING ANALYSIS
5.7.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY COMPONENT TYPE
5.7.2 AVERAGE SELLING PRICE TREND, BY REGION
5.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.9 TECHNOLOGY ANALYSIS
5.9.1 KEY TECHNOLOGIES
5.9.1.1 Internet of Things (IoT)
5.9.1.2 Predictive maintenance
5.9.2 COMPLEMENTARY TECHNOLOGIES
5.9.2.1 Artificial intelligence (AI)
5.9.3 ADJACENT TECHNOLOGIES
5.9.3.1 Graphene heating films
5.10 PORTER'S FIVE FORCES ANALYSIS
5.10.1 THREAT OF NEW ENTRANTS
5.10.2 THREAT OF SUBSTITUTES
5.10.3 BARGAINING POWER OF SUPPLIERS
5.10.4 BARGAINING POWER OF BUYERS
5.10.5 INTENSITY OF COMPETITIVE RIVALRY
5.11 KEY STAKEHOLDERS AND BUYING CRITERIA
5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.11.2 BUYING CRITERIA
5.12 CASE STUDY ANALYSIS
5.12.1 NVENT RAYCHEM INSTALLS RESPONSIVE UNDERFLOOR HEATING SYSTEM AT LUXURY DEVELOPMENT
5.12.2 CONTINENTAL'S ONEBOARD SYSTEM SOLVES STRUCTURAL CHALLENGES AT NEWBUILD PROPERTY
5.12.3 DEVEX SYSTEMS PROVIDES HYDRONIC UNDERFLOOR HEATING AT AUSTRALIAN CHURCH
5.12.4 WARMUP PROVIDES HYDRONIC UNDERFLOOR HEATING SYSTEM FOR UPMARKET APARTMENT COMPLEX
5.12.5 WARMUP SUCCESSFULLY INSTALLS ZONE-BASED UNDERFLOOR HEATING SYSTEM AT HOUSING DEVELOPMENT
5.12.6 THERMO FLOOR UK DESIGNS MODERN UNDERFLOOR HEATING SYSTEM FOR TRINITY COLLEGE CHAPEL
5.13 TRADE ANALYSIS
5.13.1 IMPORT SCENARIO (HS CODE 841861)
5.13.2 EXPORT SCENARIO (HS CODE 841861)
5.14 PATENT ANALYSIS
5.15 KEY CONFERENCES AND EVENTS, 2024-2025
5.16 REGULATORY LANDSCAPE
5.16.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.16.2 STANDARDS
6 TYPES OF FLOOR COVERINGS FOR UNDERFLOOR HEATING
6.1 INTRODUCTION
6.2 TILE AND STONE
6.2.1 PROVIDE LONG-LASTING WARMTH DUE TO HIGH THERMAL CONDUCTIVITY
6.3 WOOD FLOORING
6.3.1 OFFERS VARYING DEGREES OF WARMTH BASED ON DENSITY
6.4 LAMINATE FLOORING
6.4.1 MOST APPROPRIATE CHOICE FOR RESIDENTIAL APPLICATIONS
6.5 VINYL AND LINOLEUM FLOORING
6.5.1 PROVIDES QUICK HEATING AND COOLING IN HOMES
6.6 RUBBER AND CARPET FLOORING
6.6.1 HIGHLY CONDUCTIVE RUBBER PREFERRED IN INDUSTRIAL AREAS
7 CONNECTION TYPES OF UNDERFLOOR HEATING SYSTEMS
7.1 INTRODUCTION
7.2 CONNECTED
7.2.1 IMPROVED FUNCTIONALITY DUE TO INTEGRATION OF NEW TECHNOLOGIES
7.3 NON-CONNECTED
7.3.1 COST-EFFECTIVE AND EASY TO INSTALL
8 SUBSYSTEMS INTEGRATED WITH UNDERFLOOR HEATING SYSTEMS
8.1 INTRODUCTION
8.2 HEATING SYSTEMS
8.2.1 PIPES AND CABLES
8.2.1.1 Facilitate heat transfer to floor
8.2.2 DISTRIBUTION UNITS
8.2.2.1 Transport hot water from heating systems to heat exchangers
8.3 CONTROL SYSTEMS
8.3.1 SENSORS
8.3.1.1 Used to measure floor temperature
8.3.2 CONTROL INTERFACES
8.3.2.1 Help control thermostats in heating systems
9 UNDERFLOOR HEATING MARKET, BY INSTALLATION TYPE
9.1 INTRODUCTION
9.2 NEW INSTALLATIONS
9.2.1 STRICT ENERGY EFFICIENCY STANDARDS AND CODES TO DRIVE DEMAND
9.3 RETROFIT INSTALLATIONS
9.3.1 WIDER ADOPTION OF ELECTRIC SYSTEMS FOR RENOVATIONS TO BOOST MARKET
10 UNDERFLOOR HEATING MARKET, BY OFFERING
10.1 INTRODUCTION
10.2 HARDWARE
10.2.1 ADVANCEMENTS RELATED TO HARDWARE INTEGRATION TO DRIVE DEMAND
10.3 SERVICES
10.3.1 INCREASED DEMAND IN RESIDENTIAL AND COMMERCIAL SECTORS TO BOOST MARKET
11 UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE AND COMPONENT TYPE
11.1 INTRODUCTION
11.2 HYDRONIC UNDERFLOOR HEATING
11.2.1 HEATING PIPES
11.2.1.1 Designed to disperse heat evenly
11.2.2 THERMOSTATS AND SENSORS
11.2.2.1 Used to regulate temperature
11.2.3 THERMAL ACTUATORS
11.2.3.1 Designed to control hot water flow in underfloor heating zones
11.2.4 ZONE VALVES
11.2.4.1 Used to control heating operations of different building zones
11.2.5 WIRING CENTERS
11.2.5.1 Regulate heating operations from centralized location
11.2.6 MANIFOLDS AND VALVES
11.2.6.1 Used to control room temperature
11.3 ELECTRIC UNDERFLOOR HEATING
11.3.1 HEATING CABLES
11.3.1.1 Used to facilitate underfloor heating
11.3.2 HEATING MATS
11.3.2.1 Critical part of DIY-based underfloor heating systems
11.3.3 THERMOSTATS AND SENSORS
11.3.3.1 Monitor and maintain floor temperature
12 UNDERFLOOR HEATING MARKET, BY APPLICATION
12.1 INTRODUCTION
12.2 RESIDENTIAL
12.2.1 SINGLE-FAMILY HOMES
12.2.1.1 Need for energy efficiency and design flexibility to drive demand
12.2.2 APARTMENTS
12.2.2.1 Reduced energy consumption to boost market
12.3 COMMERCIAL
12.3.1 RETAIL
12.3.1.1 Growing adoption of humidity control systems to drive market
12.3.2 TRANSPORTATION AND LOGISTICS
12.3.2.1 Need for efficient heating systems to fuel adoption
12.3.3 HOSPITALITY
12.3.3.1 High energy efficiency and esthetic advantages to drive demand
12.4 HEALTHCARE
12.4.1 GROWING DEPLOYMENT IN MEDICAL FACILITIES TO PROPEL MARKET
12.5 SPORTS & ENTERTAINMENT
12.5.1 RISING USE TO CREATE COMFORTABLE ENVIRONMENTS TO DRIVE MARKET
12.6 INDUSTRIAL
12.6.1 INCREASING DEPLOYMENT IN VARIOUS SETTINGS TO DRIVE DEMAND
12.7 OTHERS
13 UNDERFLOOR HEATING MARKET, BY REGION
13.1 INTRODUCTION
13.2 NORTH AMERICA
13.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA
13.2.2 US
13.2.2.1 Strict government regulations to drive demand
13.2.3 CANADA
13.2.3.1 Increasing public awareness to boost market
13.2.4 MEXICO
13.2.4.1 Government efforts to increase adoption to bolster market
13.3 EUROPE
13.3.1 MACROECONOMIC OUTLOOK FOR EUROPE
13.3.2 UK
13.3.2.1 Government initiatives and regulations to boost market
13.3.3 GERMANY
13.3.3.1 Mandatory construction standards and directives to drive demand
13.3.4 FRANCE
13.3.4.1 Focus on sustainability to fuel market
13.3.5 BELGIUM
13.3.5.1 Increasing renovation and retrofit projects to boost market
13.3.6 NETHERLANDS
13.3.6.1 Focus on reducing energy consumption to drive market
13.3.7 POLAND
13.3.7.1 Commitment to thermal modernization to boost demand
13.3.8 REST OF EUROPE
13.4 ASIA PACIFIC
13.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
13.4.2 CHINA
13.4.2.1 Need to reduce greenhouse gas emissions to drive market
13.4.3 JAPAN
13.4.3.1 Increasing demand for modern heating solutions to fuel market
13.4.4 SOUTH KOREA
13.4.4.1 Rising requirement for efficient heating systems to propel demand
13.4.5 REST OF ASIA PACIFIC
13.5 ROW
13.5.1 MACROECONOMIC OUTLOOK FOR ROW
13.5.2 MIDDLE EAST
13.5.2.1 Rising construction of premium properties to drive demand
13.5.3 AFRICA
13.5.3.1 Increased demand for residential and commercial properties to boost market
13.5.4 SOUTH AMERICA
13.5.4.1 Growing demand for sustainable solutions to bolster market
14 COMPETITIVE LANDSCAPE
14.1 OVERVIEW
14.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021-2024
14.3 REVENUE ANALYSIS, 2020-2023
14.4 MARKET SHARE ANALYSIS, 2023
14.5 COMPANY VALUATION AND FINANCIAL METRICS
14.6 BRAND/PRODUCT COMPARISON
14.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
14.7.1 STARS
14.7.2 EMERGING LEADERS
14.7.3 PERVASIVE PLAYERS
14.7.4 PARTICIPANTS
14.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
14.7.5.1 Company footprint
14.7.5.2 Product type footprint
14.7.5.3 Installation type footprint
14.7.5.4 Application footprint
14.7.5.5 Region footprint
14.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023