openPR Logo
Press release

Underfloor Heating Market is projected to reach USD 7.8 billion in 2029, increasing at 7.1% CAGR during 2022-2029 | Size, Growth & Industry Report

01-28-2023 12:45 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Gmi Research

Underfloor Heating Market

Underfloor Heating Market

Underfloor Heating Market size was valued at USD 4.5 billion in 2021 and is estimated to rise at a CAGR of 7.1% during the forecast period, reaching USD 7.8 billion in 2029

For Additional Insights, Click to Access Complete Report -

The factors driving growth of Underfloor Heating Market includes increasing number of green building projects, retrofitting of residential & small commercial spaces such as offices, retail stores and institutions, expansion of the real-estate industry, Government initiatives to reduce greenhouse emissions and improvements in the living standards. Moreover, growing adoption of advanced technologies by manufacturers, increasing deployment of underfloor heating systems in kitchen and bathroom spaces, shift towards clean heating technology, rise in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the Underfloor Heating Market share. In addition, the increasing investments by major corporations on research and developments, strategic partnerships between companies, rising disposable incomes and growing population growth rates, are further contributing towards the market growth. 

However, growth of the Underfloor Heating Market is hindered due to problems related to installation of underfloor heating systems.

The leading players operating in the market are Schneider Electric SE (France), Siemens AG (Germany), Robert Bosch (Germany), Danfoss A/S (Denmark), Uponor Corporation (Finland), Emersion Electric Co. (US), Pentair PLC (US), Mitsubishi Electric Corporation (Japan), Honeywell International (US), and Nexans S.A. (France), among others.

Based on Product Type, the Hydronic underfloor heating segment is predicted to dominate the market during the forecast period

Increasing application of hydronic underfloor heating solutions in marble, slate, carpet, timber, and stones, is propelling underfloor Heating Market size.

Based on Application Type, the Residential {Single Family, Multi Family} segment is projected to expand at a remarkable CAGR over the forecast period

Increase in the number of home renovation activities across the globe, growing adoption of modern designs and favorable Government policies for the installation of energy efficient systems, are pushing growth of the segment.

Based on Region, the European region is anticipated to capture the largest market share during the forecast period

Presence of the leading players such as Robert Bosch (Germany), Danfoss A/S (Denmark), Uponor Corporation (Finland), rise in the construction of green buildings, rapid urbanization, increasing population growth rates and high per capita incomes, are some  of the important factors augmenting the market growth in the European region.

Market Segmentation

Segmentation by Product Type

Electric underfloor heating
• Hydronic underfloor heating

Segmentation by Application Type

Residential {Single Family, Multi Family}
• Industrial
• Commercial {Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality}

Segmentation by Installation Type

Existing buildings
• New buildings

Segmentation by Region

Asia Pacific
Rest of APAC

North America
United States of America

United Kingdom
Rest of Europe

South Africa
Saudi Arabia

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
Address: Dublin, Ireland

Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland

GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Underfloor Heating Market is projected to reach USD 7.8 billion in 2029, increasing at 7.1% CAGR during 2022-2029 | Size, Growth & Industry Report here

News-ID: 2902915 • Views: 539

More Releases from Gmi Research

Wireless Video Surveillance Market reached USD 39.3 billion in 2021 and will gro …
Wireless Video Surveillance Market size was USD 39.3 billion in 2021 and is slated to register a double digit CAGR of 10.3% during 2022-2029 and is projected to reach USD 85.5 billion in 2029 For Additional Insights, Click to Access Complete Report - The factors driving growth of the Wireless Video Surveillance Market includes increasing demand for wireless video surveillance systems in smart city projects, rising deployment of wireless video surveillance
Water Flosser Market was USD 868 million in 2021 and will reach USD 1,342 millio …
Water Flosser Market size hit USD 868 million in 2021 and is projected to reach USD 1,342 million in 2029 and the market is estimated to grow at a CAGR of 5.6% during 2022-2029. For Additional Insights, Click to Access Complete Report - The factors driving growth of the Water Flosser Market includes increasing prevalence of dental diseases around the world, growing consumption of candies, sweets, starchy food and tobacco products,
Video Processing Platform Market is poised to rise at a higher CAGR of 14.1% dur …
Video Processing Platform Market is projected to grow at a significant Compound Annual Growth Rate (CAGR) of 14.1% during 2022-2029. For Additional Insights, Click to Access Complete Report - The factors driving growth of the Video Processing Platform (VPP) Market includes increasing penetration of smartphones around the world, growing demand for high quality videos, rising popularity of Video-On-Demand services and improvements in internet connectivity around the world. Moreover, commercialization of 5G
Video Analytics Market was USD 6.1 billion in 2021, and is estimated to reach US …
Video Analytics Market was valued to be USD 6.1 billion in 2021, and forecast to touch USD 17.5 billion in 2029, growing at a significant higher CAGR of 14.2% during 2022-2029. For Additional Insights, Click to Access Complete Report - The factors driving growth of the Video Analytics Market includes growing demand for intelligent security surveillance systems, increasing incidences of theft at workplace, rising installation of CCTV cameras at buildings and

All 5 Releases

More Releases for Heating

Cullerton Heating Delivers Professional Service for Heating and Cooling Systems
Arlington Heights, IL - When the heat is on to find the best service provider to repair your broken AC system or furnace, then Christ Cullerton is the go-to technician you can depend on to keep a cool head and deliver every time. For Chris of Cullerton Heating & Cooling has built a reputation for being a reliable HVAC services provider with a proven track record in installing, maintaining and
Underfloor Heating Market by Component Heating Cables, Heating Mats, Sensor & Th …
"Hardware offerings accounted for larger share of underfloor heating market in 2019." Hardware offerings accounted for a larger share of the underfloor heating market in 2019. The growth of the market is attributed to the increasing demand for hardware such as heating pipes and cables, distribution units, and manifolds for use in hydronic and electric underfloor heating systems. "Market for new installations of underfloor heating systems expected to grow at highest CAGR
Heating tape Market Segmented By type Silicon rubber heating tape, Fiber glass i …
Heating tape - Market Overview Heating tape is a type of variety of cables and cords that can be installed on the roof and gutters to prevent ice dams or wrap around exposed pipes to prevent them from bursting in the snowy regions during winter. Heating tape is used to maintain or raise the temperature of a piece of equipment. For the roof, the heating tape must be minimally flexible, for
Heating Coil Market 2017- WATTCO, Tutco, Rama Corp, Marathon Heater, NTT Heating
Apex Market Reports, recently published a detailed market research study focused on the "Heating Coil Market" across the global, regional and country level. The report provides 360° analysis of "Heating Coil Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Heating Coil industry, and estimates the future trend of Heating Coil market
Global Heating Radiators Market 2017 - Hunt Heating, Stelrad, H2O Heating, Vasco …
Focuses on top manufacturers in global market, with Production, price, revenue and market share for each manufacturer. This report studies Heating Radiators in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. Download Sample Report @ This report focuses on top manufacturers in global market, with production, price, revenue and
Renewable heating expert Finn Geotherm, has completed a landmark installation for leading European agricultural plant breeder RAGT Seeds in Cambridgeshire, to deliver both heat and passive cooling with significant energy savings. RAGT’s initial brief was to reduce the heating costs for its six glasshouses, which are used for developing new crops. LPG had previously been used to heat the glasshouses which, with a U value of around six, meant the boiler