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Pulished Date August, 2021
ID: 9971
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Underfloor Heating Market Segmentation By Component (Electric Underfloor Heating Component; Heating Cables, Heating Mats, Sensors & Thermostat and Hydronic Underfloor Heating Component; Heating Pipes, Manifolds, and Sensor & Thermostat), By Installation (New Installation and Retrofit), By Type (Electric Underfloor Heating System and Hydronic Underfloor Heating System), By Application (Residential, Single-Family Houses, Apartments, Commercial, Retail, Transportation & Logistics, Hospitality, Healthcare, Entertainment, Industrial Sector, and Others), and By Facility (New Building and Existing Building) Industry Forecast | 2021 to 2026

Pulished: August, 2021
ID: 9971
Pages: 175

Market Overview

The Global Underfloor Heating Market is likely to grow in a significant way during the forecast period. It is estimated that the target market is going to reach around USD 8.07 Billion by 2026 from USD 5.58 Billion in 2021, recording a CAGR of 7.57%. Underfloor heating is a kind of central heating that achieves indoor climate control for thermal comfort by employing radiation, conduction, and convection. This approach is basically described by the terms include heating and cooling because of the radiation being responsible for a significant portion of the resulting thermal comfort, but this usage is technically correct only when the radiation is composed more than 50% of the heat exchange between the floor and the rest of the space.

The principal reason for the growth of the target market, globally, is that the Conventional HVAC systems are increasingly being replaced by underfloor heating systems integrated with smart thermostats owing to their high installation cost and regular calibration requirement. These systems also have advantages like the one can also automatically adjust the room temperature from a remote location through these systems equipped with Wi-Fi enabled smart thermostats. These advantages are increasing their adoption in residential along with commercial applications.

Recent Developments

• Mitsubishi Electric Corporation, a Japanese multinational electronics, and electrical equipment manufacturing company have announced that its European subsidiary Mitsubishi Electric Europe B.V. has acquired all the shares of AQS PRODUKTER AB, which is a comfort, process and I.T. cooling and heat pump distributor in Sweden.

• NEXANS, a player in the cable and optical fiber industry around the world, has announced that it has signed a distribution agreement with Ingram-Micro for the UAE, Bahrain, Kuwait, Qatar, Oman, Jordan, and Yemen.

Drivers and Restraints of The Global Underfloor Heating Market

The trend of using smart underfloor heatings, which saves the efforts and cost for regulating the temperature and is an efficient way of installing underfloor heating systems, is the primary driving for the growth of the Global Underfloor Heating Market.

And the other factor that was propelling the growth of the target market is the average temperature of a region and the housing & construction industry, allowing for the installation of underfloor heating systems.

However, the political unrest around all the areas owing to the global warming disruptions is the major challenge for the expansion of the Underfloor Heating Market.

Market Segmentation of The Global Underfloor Heating Market

Based on the installation outlook, the global Underfloor Heating market is segmented into New Installation and Retrofit.

And based on the type of system, the global Underfloor Heating market is segmented into Electric Underfloor Heating System and Hydronic Underfloor Heating System.

On the application outlook of these systems, the global Underfloor Heating market is segmented into Residential, Single-Family Houses, Apartments, Commercial, Retail, Transportation & Logistics, Hospitality, Healthcare, Entertainment, Industrial Sector, and Others.

And on the facility outlook of photovoltaics, the global Underfloor Heating market is segmented into New Building and Existing Building.

On the component segmentation, the global Underfloor Heating market is segmented as Electric Underfloor Heating Component and Hydronic Underfloor Heating Component. Further, the electric underfloor heating component segment is divided Heating Cables, Heating Mats, and Sensors & Thermostat and the Hydronic Underfloor Heating Component is sub-segmented as Heating Pipes, Manifolds, and Sensor & Thermostat.

The Global Underfloor Heating Market Region-wise analysis

• North America

• Europe

• Asia Pacific

• South America

• Middle East & Africa

In the regional analysis of the Global Underfloor Heating Market, the North America region held a significant share of the target market's revenue. The growth of the underfloor heating market in this region is attributed to the fact that the construction industry in this region is having favorable conditions and the boosting government investments in infrastructure and manufacturing. At present, the market in this region had 32.5% market share of the global underfloor heating market is expected to grow at a CAGR of 4.6% CAGR.

But the target market in Europe has the largest market share, which is about 51.45% of the total underfloor heating market. The growth of this region's market is due to the presence of maximum countries getting influenced under the frigid or temperate zone and the reasonably strong housing permit trend in most European countries like Germany, the Netherlands, France, and some Nordic countries.

Key Players of The Global Underfloor Heating Market

The key players of the Global Underfloor Heating Market include Siemens, Mitsubishi Electric Corporation, WARMUP Plc, Pentair plc, NEXANS, Danfoss, Honeywell International Inc., Uponor Corporation, Robert Bosch GmbH, Robot uk ltd, Schneider Electric, Emersion Electric Co., The Underfloor Heating Company London, Flexel International Ltd. , Jupiter Heating Systems Ltd., Rehau, Toshiba Corporation, Speedheat (Pty) Ltd, Uheat, Pergo, ZingyHomes and ThermoSphere among others.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Underfloor Heating Market, By Component           

                    6.1.1 Electric Underfloor Heating Component   

                              6.1.1.1 Heating Cables

                              6.1.1.2 Heating Mats

                              6.1.1.3 Sensors

                              6.1.1.4 Thermostat

                    6.1.2 Hydronic Underfloor Heating Component

                              6.1.2.1 Heating Pipes

                              6.1.2.2 Manifolds

                              6.1.2.3 Sensor & Thermostat

                    6.1.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.4 Y-o-Y Growth Rate Analysis         

                    6.1.5 Market Attractiveness Index         

          6.2 Underfloor Heating Market, By Installation           

                    6.2.1 New Installation       

                    6.2.2 Retrofit

                    6.2.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.4 Y-o-Y Growth Rate Analysis         

                    6.2.5 Market Attractiveness Index         

          6.3 Underfloor Heating Market, By Type           

                    6.3.1 Electric Underfloor Heating System         

                    6.3.2 Hydronic Underfloor Heating System      

                    6.3.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.4 Y-o-Y Growth Rate Analysis         

                    6.3.5 Market Attractiveness Index         

          6.4 Underfloor Heating Market, By Application           

                    6.4.1 Residential     

                    6.4.2 Single-Family Houses         

                    6.4.3 Apartments    

                    6.4.4 Commercial   

                    6.4.5 Retail  

                    6.4.6 Transportation & Logistics  

                    6.4.7 Hospitality     

                    6.4.8 Healthcare     

                    6.4.9 Entertainment

                    6.4.10 Industrial Sector    

                    6.4.11 Market Size Estimations & Forecasts (2019-2024)      

                    6.4.12 Y-o-Y Growth Rate Analysis       

                    6.4.13 Market Attractiveness Index       

          6.5 Underfloor Heating Market, By Facility                 

                    6.5.1 New Building  

                    6.5.2 Existing Building      

                    6.5.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.5.4 Y-o-Y Growth Rate Analysis         

                    6.5.5 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Component         

                    7.2.3 By Installation

                    7.2.4 By Type         

                    7.2.5 By Application

                    7.2.6 By Facility      

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Component         

                    7.3.3 By Installation

                    7.3.4 By Type         

                    7.3.5 By Application

                    7.3.6 By Facility      

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Component         

                    7.4.3 By Installation

                    7.4.4 By Type         

                    7.4.5 By Application

                    7.4.6 By Facility      

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Component         

                    7.5.3 By Installation

                    7.5.4 By Type         

                    7.5.5 By Application

                    7.5.6 By Facility      

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Component         

                    7.6.3 By Installation

                    7.6.4 By Type         

                    7.6.5 By Application

                    7.6.6 By Facility      

8. Key Player Analysis                           

          8.1 Siemens AG                

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Mitsubishi Electric Corporation                  

          8.3 WARMUP Plc               

          8.4 Pentair plc                  

          8.5 Danfoss           

          8.6 Honeywell International Inc             

          8.7 Uponor Corporation              

          8.8 Robert Bosch GmbH              

          8.9 Schneider Electric                 

          8.10 Emersion Electric Co           

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Underfloor Heating Market By Region, From 2021-2026 ( USD Billion )
  2. Global Underfloor Heating Market By Component, From 2021-2026 ( USD Billion )
  3. Global Electric Underfloor Heating Component Market By Region, From 2021-2026 ( USD Billion )
  4. Global Heating Cables Market By Region, From 2021-2026 ( USD Billion )
  5. Global Heating Mats Market By Region, From 2021-2026 ( USD Billion )
  6. Global Sensors Market By Region, From 2021-2026 ( USD Billion )
  7. Global Thermostat Market By Region, From 2021-2026 ( USD Billion )
  8. Global Hydronic Underfloor Heating Component Market By Region, From 2021-2026 ( USD Billion )
  9. Global Heating Pipes Market By Region, From 2021-2026 ( USD Billion )
  10. Global Manifolds Market By Region, From 2021-2026 ( USD Billion )
  11. Global Sensor & Thermostat Market By Region, From 2021-2026 ( USD Billion )
  12. Global Underfloor Heating Market By Installation, From 2021-2026 ( USD Billion )
  13. Global New Installation Market By Region, From 2021-2026 ( USD Billion )
  14. Global Retrofit Market By Region, From 2021-2026 ( USD Billion )
  15. Global Underfloor Heating Market By Type, From 2021-2026 ( USD Billion )
  16. Global Electric Underfloor Heating System Market By Region, From 2021-2026 ( USD Billion )
  17. Global Hydronic Underfloor Heating System Market By Region, From 2021-2026 ( USD Billion )
  18. Global Underfloor Heating Market By Application, From 2021-2026 ( USD Billion )
  19. Global Residential Market By Region, From 2021-2026 ( USD Billion )
  20. Global Single-Family Houses Market By Region, From 2021-2026 ( USD Billion )
  21. Global Apartments Market By Region, From 2021-2026 ( USD Billion )
  22. Global Commercial Market By Region, From 2021-2026 ( USD Billion )
  23. Global Retail Market By Region, From 2021-2026 ( USD Billion )
  24. Global Transportation & Logistics Market By Region, From 2021-2026 ( USD Billion )
  25. Global Hospitality Market By Region, From 2021-2026 ( USD Billion )
  26. Global Healthcare Market By Region, From 2021-2026 ( USD Billion )
  27. Global Entertainment Market By Region, From 2021-2026 ( USD Billion )
  28. Global Industrial Sector Market By Region, From 2021-2026 ( USD Billion )
  29. Global Underfloor Heating Market By Facility, From 2021-2026 ( USD Billion )
  30. Global New Building Market By Region, From 2021-2026 ( USD Billion )
  31. Global Existing Building Market By Region, From 2021-2026 ( USD Billion )

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