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Strategic Partnerships Drive Innovation In The Underfloor Heating Market Industry Trends Gaining Momentum in the Global Underfloor Heating Market
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Underfloor Heating Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the underfloor heating market has seen a consistent growth in the past few years. The market size is projected to expand from $5.32 billion in 2024 to $5.47 billion in 2025, with a compound annual growth rate (CAGR) of 2.8%. The growth during the historic period was mainly caused by the emerging trend of energy efficiency, the attractiveness of comfort and aesthetics, significant increase in residential construction, renovation and retrofitting activities, and increased recognition of the health benefits.
Underfloor Heating Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the market size for underfloor heating is predicted to experience substantial growth, with an anticipated value of $6.87 billion by 2029. This increase represents a compound annual growth rate (CAGR) of 5.9%. This projected growth during the forecast period is linked with multiple factors such as the adoption of sustainable building methods, the incorporation of smart home technology, the uptake in commercial buildings, government incentives, and improvements in system design. Key trends expected for this period include the combination with renewable energy sources, the addition in current buildings structures, flexibility in customization and design, regulatory pushes for buildings with high energy-efficiency, and a rise in affordability and availability.
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What Are the Drivers Transforming the Underfloor Heating Market?
The endorsement and incentives from various governments for the implementation of underfloor heating solutions act as driving factors for the market. Government organizations worldwide are extending grants and benefits for the enhancement of existing heating systems and the implementation of heating systems driven by renewable sources. For instance, the UK-based ministerial department, the Cabinet Office, reported in October 2024 that the Department for Education (DfE) is the most significant formula grant funding provider, having reallocated $73.1 billion during the 2022 to 2023 fiscal year. Following the DfE, the Home Office and the Department of Health and Social Care have significant formula grant schemes, contributing $5.1 billion for the Police Main Grant and $3.4 billion for the 2022 to 2023 Public Health Ring-fenced Grant, respectively. These governmental initiatives and grant programs are anticipated to drive the underfloor heating solutions market growth during the projected period.
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Which Emerging Trends Are Transforming the Underfloor Heating Market in 2025?
An emerging trend in the underfloor heating market is the strategic collaboration between companies. Corporations in this field are partnering with technological innovators to create advanced underfloor heating products with unique features. For example, nVent Electric PLC, a leading provider of electric radiant floor heating solutions based in Canada, formed a strategic partnership with MAPEI in August 2022. Their objective was to launch the Mapeheat electrical underfloor heating products in the UK flooring and tiling industry. With its application in commercial and residential settings, the Mapeheat system offers a reliable and efficient heating solution appropriate for diverse environments.
Which Segments in the Underfloor Heating Market Offer the Most Profit Potential?
The underfloor heating market covered in this report is segmented -
1) By Type: Hydronic Underfloor Heating, Electric Underfloor Heating
2) By Installation: New installations, Retrofit installations
3) By Application: Residential, Commercial, Institutional
Subsegments:
1) By Hydronic Underfloor Heating: Warm Water Systems, Boiler-Based Systems
2) By Electric Underfloor Heating: Electric Heating Mats, Electric Heating Cables
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Which Firms Dominate the Underfloor Heating Market by Market Share and Revenue in 2025?
Major companies operating in the underfloor heating market include Robert Bosch GmbH, Siemens AG, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., SALUS North America Inc., Rehau Ltd., Emerson Electric Co, Danfoss Group, Nexans S.A., Resideo Technologies Inc., Pentair plc, nVent Electric Plc, Raychem Corporation, Uponor Corporation Amuheat, Wavin N.V., Polypipe Group plc, ESI Heating and Cooling, Warmup Inc., Schlüter-Systems Ltd., Hurlcon Hydronic Heating, Flexel International Ltd., Warmtech Pty Ltd., ThermoSoft International Corporation, Ebeco AB, Heat Mat Ltd., Heatmiser UK Ltd., Gaia Climate Solutions Ltd., Amuheat, H2O Heating Pty Ltd., WarmlyYours.com Inc., Speedheat US LLC, Devex Systems
Which Regions Offer the Highest Growth Potential in the Underfloor Heating Market?
Western Europe was the largest region in the underfloor heating market share in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the underfloor heating market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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