Underfloor Heating Market Size - By Technology (Hydronic, Electric), By Facility (New Buildings, Retrofit), By Application (Residential, Commercial, Industrial), Regional Outlook & Forecast, 2024 - 2032

Underfloor Heating Market Size - By Technology (Hydronic, Electric), By Facility (New Buildings, Retrofit), By Application (Residential, Commercial, Industrial), Regional Outlook & Forecast, 2024 - 2032

Underfloor Heating Market Size

Underfloor Heating Market was valued at above USD 7.2 billion in 2023 and is set to observe a CAGR of 5.5% from 2024 to 2032. Growing inclination to curb emissions and the rising demand for reliable floor heating solutions from several nations witnessing extreme climatic conditions will augment the product demand.

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For instance, in April 2024, the Department of Energy announced Clean Energy Rule for new buildings and renovations across the U.S. This rule mandates to cut emissions from buildings and help them to achieve net-zero carbon emissions from building infrastructure by 2045. Moreover, increasing development of existing residential and commercial infrastructure along with shifting focus toward adoption of green energy technologies will augment the industry landscape.

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Underfloor Heating Market Trends

The underfloor heating industry is set to witness significant growth on account of rising demand for space heating along with implementation of stringent regulatory compliances on account of depletion of conventional fuels. Increasing investments by several authorities for transformation of commercial, industrial, and residential green building structures will favor the industry dynamics. The organization added that if the industry keeps growing at an annual pace of 11%, it will be able to reach the 2030 annual investment levels. Furthermore, accelerating urban migration that led to rapid expansion of building infrastructure will positively influence the industry outlook.

Underfloor Heating Market Analysis

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Hydronic technology is anticipated to surpass USD 7.6 billion by 2032. Rising demand for enhanced technological and efficient floor heating solutions across various applications coupled with increasing clean building projects will fuel the product deployment. Continuous expansion of residential and commercial infrastructure owing to rapidly growing population coupled with growing number of smart city projects across developing nations will augment the hydronic underfloor heating business landscape.

Electric underfloor heating market is set to grow on account of increasing demand for space heating across applications including residential and commercial coupled with growing population rate across various economies. Rising adoption of clean energy technologies, introduction of stringent environment regulations along with shifting consumers inclination toward energy efficiency and adoption of reliable and comfort solutions is set to augment the product demand.

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Residential segment is set to witness a CAGR of over 5% through 2032. Ongoing expansion and establishment of residential infrastructure owing to rapidly growing urban population along with introduction of stringent regulations toward green building infrastructure has favor the business dynamics. The introduction of stringent carbon emission standards and building regulations, authorizing the adoption of energy-efficient appliances coupled with shifting inclination toward replacement of traditional heating systems to limit burning of fossil fuels will augment the residential underfloor heating industry landscape.

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Europe underfloor heating market is set to reach over USD 5.6 billion by 2032. Introduction of energy efficient policies and standards along with stringent regulatory mandates pertaining to the emissions across buildings will positively influence the industry outlook. For instance, in November 2023, The European Green Deal (EGD) sets ambitious climate targets for 2030 and aims for climate neutrality by 2050. It has introduced new legislation to strengthen EU climate, energy, and environmental policies including a separate emission trading system (ETS 2) for buildings and road transport, the Social Climate Fund, and the world's first carbon border adjustment mechanism. Moreover, rapidly growing real estate industry together with favorable initiatives toward adoption of low emission systems will complement the business landscape.

Underfloor Heating Market Share

Key players operating across the underfloor heating industry are focusing on mergers & acquisitions, forming strategic collaborations and partnerships, joint ventures, to strengthen their competitive market share. Key players including, Danfoss, Daikin, nVent, Uponor Corporation, Warmup and Siemens among other, holds majority of the market share across the industry.

Underfloor Heating Market Companies

Major manufacturers operating across the market comprising of

• Amuheat
• Danfoss
• Daikin
• Gaia Climate Solutions
• HEATCOM CORPORATION A/S
• H2O Heating Pty Ltd.
• Hemstedt GmbH
• Hunt Commercial
• nVent
• Polypipe
• REHAU
• Resideo Technologies Inc.
• Siemens
• ThermaRay
• Thermo-Floor UK Limited
• Thermogroup Ltd.
• Uponor Corporation
• Warmup
• Watts
  Underfloor Heating Industry News

• In March 2024, JVIS launched the hydronic underfloor heating unit comprising of MicroHeat Series 6, featuring a design which operates without any heating element, enhancing energy efficiency and safety. This innovative system is revolutionizing heating for both residential and commercial spaces, and JVIS is also adapting the technology for thermal management in electric vehicles. The MicroHeat Series 6 is ideal for efficiently warming any living space, from small rooms to large homes, ensuring a comfortable and cozy environment even on the coldest days.
• In April 2023, Thermosphere launched an enhanced version of its underfloor membrane heating cable, replacing traditional heat shrink joints with new in-line junction technology. This improvement addresses issues with the old joints not fitting well in decoupling membranes and being prone to bad installation practices. The updated product line now includes four new cable lengths—42m, 55m, 90m, and 175m—offering installers more options and reducing the need for multiple cable installations.

This underfloor heating market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2021 to 2032 for the following segments

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Market, By Technology

• Electric
• Hydronic

Market, By Facility

• New Buildings
• Retrofit

Market, By Application

• Residential
  • Single Family
  • Multi Family
• Commercial
  • Education
  • Healthcare
  • Retail
  • Logistics & Transportation
  • Offices
  • Hospitality
  • Others
• Industrial

The above information has been provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • Spain
  • Austria
  • Belgium
  • Denmark
  • Finland
  • Norway
  • Sweden
  • UK
  • Italy
  • Russia
• Asia Pacific
  • China
  • Japan
  • Australia
  • India
  • South Korea
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Mexico