Underfloor Heating Market Size, Trends & Growth Opportunity By Type (Electric Underfloor Heating, Hydronic Underfloor Heating), By Offerings (Hardware, Services), By Application (Healthcare, Residential, Commercial, Industrial Sector, Entertainment), By Region and Forecast till 2027
Report ID : QR100218 | Industries : Semiconductors and Electronics | Published On :March 2021 | Page Count : 246Global Underfloor Heating Market
Global Underfloor Heating Market was valued at USD 4.2 billion in 2019 which is expected to grow USD 5.16 billion by 2027 at a CAGR 4.88%.
Under floor heating is the application of electrical systems or water systems to the floor that is used to generate heat under the flooring. For generation of heat electrical systems use electrical cables. Underfloor heating system is more applicable to the smaller areas like bathroom where water underfloor system requires more space and time to install.
Market Dynamics
Rise in demand for space heating due to extreme climatic conditions is the driving factor which is expected to propel the global underfloor heating market growth. Furthermore, increase in consumer awareness toward energy conservation is expected to boost the growth of global underfloor heating market. Underfloor heating system is classified into two types such as water system and electrical system. Water system includes pipes, pump, and heat source to warm-up the floor. Also, increase in investments in development and refurbishment of new infrastructure which is expected to rise the demand for underfloor heating during this forecast period.
The market in Europe Region is projected to exhibit the highest growth during the forecast period owing to the rising adoption of advance technologies and increasing demand from residential spaces.
Among the Floor Type segments, the Wood Flooring segment is dominating the market and it is expected to remain dominate throughout the forecast period
Among the application segments, the Residential segment is expected to witness high growth rates during the forecast period, as the adoption of solution is increasing due to low budget concern.
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Challenges: Cost of Underfloor Heating System
The main problem is the cost of underfloor heating: it can be expensive and difficult to install. When estimating the cost of an installation, a safe cost estimation bracket is between $10 to $20 per square foot depending on the type of system. It also requires qualified electrician to connect the system to your power supply, this may take a few hours and can cost anything between $200 and $250 depending on skills and make of your house
However, slower response of underfloor heating than radiator system is the major restraining factor which is expected to hamper the global underfloor heating market. Also, difficulties faced during installation of systems and maintenance of systems will affect the global underfloor heating market.
Market Segmentation
Global Underfloor Heating Market is segmented into type such as Electric Underfloor Heating, and Hydronic Underfloor Heating, by offering such as Hardware, and Services. Further, Global Underfloor Heating Market is segmented into application such as Healthcare, Residential, Commercial, Industrial Sector, Entertainment, and Others.
Also, Global Underfloor Heating Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Siemens, Mitsubishi Electric, Pentair, Danfoss, Robert Bosch, Emerson, Rehau, Warmup, Nvent Electric Plc, Honeywell, and Uponor.
Market Taxonomy
By Type
- Electric Underfloor Heating
- Hydronic Underfloor Heating
By Offering
- Hardware
- Services
By Application
- Healthcare
- Residential
- Commercial
- Industrial Sector
- Entertainment
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Underfloor Heating Market?
- What will be the growth rate from 2019 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
- What are the strategies adopted by key players?
Global Underfloor Heating Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Underfloor Heating Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Underfloor Heating Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Underfloor Heating Market Share Analysis, By Type
5.3 Global Underfloor Heating Market Size and Forecast, By Type
5.3.1 Electric Underfloor Heating
5.3.2Hydronic Underfloor Heating
6 Global Underfloor Heating Market, By Offering
6.1 Y-o-Y Growth Comparison, By Offering
6.2 Global Underfloor Heating Market Share Analysis, By Offering
6.3 Global Underfloor Heating Market Size and Forecast, By Offering
6.3.1 Hardware
6.3.2 Services
7 Global Underfloor Heating Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Underfloor Heating Market Share Analysis, By Application
7.3 Global Underfloor Heating Market Size and Forecast, By Application
7.3.1 Healthcare
7.3.2 Residential
7.3.3Commercial
7.3.4 Industrial Sector
7.3.5 Entertainment
7.3.6 Others
8 Global Underfloor Heating Market, By Region
8.1 Global Underfloor Heating Market Share Analysis, By Region
8.2 Global Underfloor Heating Market Share Analysis, By Region
8.3 Global Underfloor Heating Market Size and Forecast, By Region
9 North America Underfloor Heating Market Analysis and Forecast (2017 – 2027)
9.1 Introduction
9.2 North America Underfloor Heating Market Share Analysis, By Type
9.3 North America Underfloor Heating Market Size and Forecast, By Offering
9.4 North America Underfloor Heating Market Size and Forecast, By Application
9.5 North America Underfloor Heating Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Underfloor Heating Market Analysis and Forecast (2017 – 2027)
10.1 Introduction
10.2 Europe Underfloor Heating Market Share Analysis, By Type
10.3 Europe Underfloor Heating Market Size and Forecast, By Offering
10.4 Europe Underfloor Heating Market Size and Forecast, By Application
10.5 Europe Underfloor Heating Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Underfloor Heating Market Analysis and Forecast (2017 – 2027)
11.1 Introduction
11.2 Asia Pacific Underfloor Heating Market Share Analysis, By Type
11.3 Asia Pacific Underfloor Heating Market Size and Forecast, By Offering
11.4 Asia Pacific Underfloor Heating Market Size and Forecast, By Application
11.5 Asia Pacific Underfloor Heating Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Underfloor Heating Market Analysis and Forecast (2017 – 2027)
12.1 Introduction
12.2 Latin America Underfloor Heating Market Share Analysis, By Type
12.3 Latin America Underfloor Heating Market Size and Forecast, By Offering
12.4 Latin America Underfloor Heating Market Size and Forecast, By Application
12.5 Latin America Underfloor Heating Market Size and Forecast, Country
13 Middle East Underfloor Heating Market Analysis and Forecast (2017 – 2027)
13.1 Introduction
13.2 Middle East Underfloor Heating Market Share Analysis, By Type
13.3 Middle East Underfloor Heating Market Size and Forecast, By Offering
13.4 Middle East Underfloor Heating Market Size and Forecast, By Application
13.5 Middle East Underfloor Heating Market Size and Forecast, By Country
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Siemens
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Mitsubishi Electric
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Pentair
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Danfoss
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Robert Bosch
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Emerson
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Rehau
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Warmup
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Nvent Electric Plc
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Honeywell
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 Upomor
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies