Underfloor Heating Market Growing Trade Among Emerging Economies Opening New Opportunities (2023-2031)

The global underfloor heating market size was US$ 4.6 billion in 2021. The global underfloor heating market size is forecast to reach US$ 8.41 billion by 2030, growing at a compound annual growth rate (CAGR) of 7% during the forecast period from 2022 to 2030.

Underfloor heating is a better, cleaner method of heating an individual dwelling place. Through radiant heat technology, UFH gently warms objects and people from the ground up using a much more energy-efficient method.

Radiant heating systems come in two types, electric and hydronic, and both provide efficient warmth in a room from the floor. Underfloor heating in hydronic systems uses hot water to generate heat, while underfloor heating in electric systems uses wiring in order to generate heat. Underfloor heating does not overheat, in contrast to traditional radiators, making a room feel cold sometimes and too hot at other times. Instead, it achieves the desired temperature set by the user by using a thermostat.

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Factors Influencing Market GrowthThere are several factors driving the global market during the forecast period, including increased energy efficiency of UFHs, low maintenance of electric heating systems, freedom of design, adaptability of floor heaters, and ease of installation.

The high upfront cost and lack of awareness about radiant heat systems have slowed the growth of the underfloor heating market.

A major factor supporting the market's growth is the government's efforts to achieve net-zero carbon targets by 2050 and the ban on gas boilers in residential buildings for heating purposes.

Climate conditions in semi-desert and desert areas worldwide will provide lucrative opportunities for the global market, as UFH has wide applications at night.

Impact Analysis of COVID-19

COVID-19 negatively impacted the global economy with disastrous effects on global trade, which simultaneously affected households, businesses, financial institutions, industrial companies, and infrastructure companies.

In a number of countries, the novel coronavirus has caused lockdowns and reduced market growth. During the outbreak, infrastructure and construction development operations declined, negatively impacting the market. During the pandemic time, many constructions and engineering projects worldwide ceased, causing a financial recession in many countries and creating unemployment.

Regional Insights

In Europe, underfloor heating accounts for the largest share of the market. R&D activities and awareness of heating systems in the construction sector, especially in cold regions, have significantly impacted the market's growth.

The ongoing large-scale renovations and government policies regarding the ban over installing gas boilers in new homes by 2025 have spurred the growth of the electric underfloor heating market.

There are cold countries in this region, which, combined with the demand for comfort in dwellings, led to an increase in demand for underfloor heating systems in the forecast period. Increasing awareness about the benefits of radiant heat produced by underfloor heating for providing a comfortable life at a low cost is a major factor driving the market.

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Leading Competitors

The leading prominent companies profiled in the global underfloor heating market are:

Uponor
Honeywell International
Vent Electric
Warmup
Rehau
Emerson
Robert Bosch
Danfoss
Pentair
Mitsubishi Electric
Siemens
Schneider Electric
Other Prominent Players

Scope of the Report

The global underfloor heating market segmentation focuses on Product Type, System, Installation Type, Application, and Region.

Segmentation based on Product Type

Hydronic
Electric

Segmentation based on System

Heating system
Control system

Segmentation based on Installation Type

New installations
Retrofit installations

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Segmentation based on Application

Residential
Commercial
Industrial

Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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