With 7.5% CAGR, Underfloor Heating Market Growth to Surpass USD 7.4 billion

The global Underfloor heating market is expected to grow from USD 5.1 billion in 2023 to USD 7.4 billion by 2028, registering a CAGR of 7.5%. The Underfloor heating market has significant growth potential, and it is expected to continue expanding in the coming years, driven by technological advancements and increasing demand from residential & commercial applications.

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The Hardware segment accounted for the largest market share of the Underfloor heating market in 2022. In recent years, underfloor heating systems have witnessed significant hardware advancements. These include more efficient heating elements like mats and films, user-friendly thermostats with remote control capabilities, zoning for individual room control, integration with home automation systems, advanced sensor technology, and improved energy efficiency through better insulation and heat distribution techniques. These developments have enhanced underfloor heating systems' performance, convenience, and energy efficiency.

The market for Underfloor hydronic heating holds the largest market share in the Underfloor heating market. Hydronic underfloor heating has grown significantly in recent years due to hardware advancements. It includes improved piping systems with durable materials, advanced manifolds for precise control, energy-efficient pumps, expanded heat source options, integration with radiant cooling, enhanced insulation, and optimized heat distribution. These advancements have made hydronic underfloor heating more efficient and versatile for residential and commercial applications.

North America holds the second largest market share in the underfloor heating market. Underfloor heating has grown significantly in residential applications due to increased comfort, energy efficiency, design flexibility, zoning capabilities, integration with smart home technology, and health benefits. Homeowners appreciate the even heat distribution, reduced heating costs, compatibility with various flooring types, individual control, the convenience of smart integration, and improved indoor air quality. Retrofit options have also made underfloor heating accessible for existing homes.

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Europe is expected to grow at the highest CAGR during the forecast period. Underfloor heating has experienced significant growth in Europe due to its energy efficiency, comfort, retrofitting capabilities, integration with renewable energy sources, alignment with building standards, technological advancements, and market availability. Its popularity is driven by European preferences for energy-efficient and aesthetically pleasing heating solutions, particularly in retrofitting older buildings.

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