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.
Underfloor Heating Market Report Attributes
| Report Attribute |
Details |
| Base Year |
2023 |
| Underfloor Heating Market Size in 2023 |
USD 7.2 Billion |
| Forecast Period |
2024-2032 |
| Forecast Period 2024-2032 CAGR |
5.5% |
| 2032 Value Projection |
USD 11.7 Billion |
| Historical Data for |
2021-2023 |
| No. of Pages |
95 |
| Tables, Charts & Figures |
44 |
| Segments covered |
Technology, Facility, Application, and Region |
| Growth Drivers |
- Stringent standards by respective authorities to curb carbon emissions
- Flourishing investment for development of green building infrastructure
- Growing adoption of energy efficient space heating technologies
|
| Pitfalls & Challenges |
- High initial implementation cost
|
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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's underfloor heating market is expected to boom, reaching a whopping $5.6 billion by 2032. Why? Well, thanks to government efforts to make buildings more energy-friendly and reduce emissions, this cozy heating option is getting a big boost. For example, the European Green Deal is a recent plan that has some seriously ambitious goals for cutting down on climate change by 2030 and becoming carbon neutral by 2050. To make this happen, they've rolled out new laws to make buildings more sustainable, including a special trading system for emissions from buildings and cars. On top of that, the real estate industry is growing like crazy and people are all about eco-friendly choices, which is great news for underfloor heating. Basically, Europe is gearing up for some major heating upgrades, and underfloor heating is leading the charge!
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
Market, By Facility
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
- 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
