Residential Underfloor Heating Market Size - By Technology (Hydronic, Electric), By Facility (New Buildings, Retrofit), By Application (Single Family, Multi Family), & Forecast, 2024 – 2032
Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Industrial-Machinery | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationResidential Underfloor Heating Market Size
Residential Underfloor Heating Market was estimated at over USD 4.3 billion in 2023 and is is likely to grow at over 5.5% CAGR during 2024 to 2032. The growing demand for energy-efficient heating solutions driven by stringent energy efficiency regulations & environmental concerns along with the growing requirement to reduce heating costs will favor the industry landscape.
To get key market trends
Growing inclination to integrate underfloor heating (UFH) with other renewable energy sources including heat pumps, solar thermal systems, and geothermal energy has significantly catered to the product adoption. In addition, the combination of these renewable energy sources can further enhance the energy efficiency & sustainability of the UFH systems, reducing carbon emissions and reliance on fossil fuels across the existing and new building infrastructures.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Residential Underfloor Heating Market Size in 2023 | USD 4.3 Billion |
| Forecast Period | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR | 5.5% |
| 2032 Value Projection | USD 7 Billion |
| Historical Data for | 2019 to 2022 |
| No. of Pages | 305 |
| Tables, Charts & Figures | 416 |
| Segments covered | Technology, Facility, Application, and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
Imagine walking on a cozy, warm floor on a chilly day. That's the magic of Underfloor heating! It's a way to heat your rooms by spreading warmth through the floor. Here's how it worksYou'll have special heating elements or pipes hidden under the floor. They'll send out heat that rises up, warming the room from the ground up. It's like having a toasty blanket beneath your feet! There are two main types of Underfloor heatingelectric and water-based. Electric systems use heating cables or mats, while water-based systems have pipes filled with warm water. Both get the job done, giving you even, comfortable warmth throughout the room. No more cold spots or uneven temperatures! Underfloor heating keeps your floors warm and cozy, so you can enjoy a warm and welcoming home. It's also whisper-quiet, so you can relax and enjoy the warmth without any distracting noises.
COVID- 19 Impact
The underfloor heating industry has taken a hit from the COVID-19 pandemic. Lockdowns and restrictions disrupted supply chains, delayed production, and slowed down construction. People worried about their finances haven't been investing in home improvements as much. And finding skilled workers to install underfloor heating has been a challenge. Despite all this, there are reasons to be optimistic about the future of underfloor heating. More people are working from home and spending more time indoors, so they're looking for ways to make their homes more comfortable. Heating and cooling your home becomes more important, and people are leaning towards energy-efficient technology to save money on their bills. So, while the pandemic has slowed down the growth of the underfloor heating market, it's still expected to pick up in the years to come.
Residential Underfloor Heating Market Trends
Hey there! The market for heated floors in homes is expected to boom in the years to come. That's because people are becoming more interested in them and because new technologies are making them better. Governments are also doing their part to encourage the use of more sustainable heating systems. For example, in New York, there's a new $10 million prize for people who come up with new ways to make multi-family homes and tall buildings more energy-efficient. This is sure to lead to even more innovation in this area.
Residential Underfloor Heating Market Analysis
Learn more about the key segments shaping this market
Based on the technology, the industry can be bifurcated into electric and hydronic. The residential hydronic underfloor heating market was valued at over USD 2.7 billion in 2023 and is set to observe a significant expansion owing to the increasing demand for affordable space heating solutions coupled with encouraging government incentives & support for the integration of underfloor heating systems in residential areas.
The residential electric underfloor heating industry is projected to observe a growth rate of over 4.5% by 2032 on account of the escalating efforts to reduce harmful greenhouse gas emissions from household operations along with the rising demand for energy-efficient heating systems. Furthermore, the transition of consumer preferences towards incorporating smart home technology with remote operational capabilities coupled with the increased emphasis on health benefits and elevated comfort levels will further add to the residential underfloor heating market growth.
Learn more about the key segments shaping this market
Based on the facility, the market can be broadly categorized into new buildings and retrofit. New construction projects incorporating sustainable heating building practices to align with green building standards by offering energy-efficient heating solutions positively stimulating the industry landscape across new buildings. The versatility and design flexibility of the systems with easy installation across various building types, layouts, and floor coverings will further add to the product adoption rate.
Persistent efforts to enhance existing building infrastructure through the adoption of advanced systems aimed at boosting energy efficiency, minimizing environmental footprint, and enhancing occupant comfort are poised to augment the deployment across retrofit facilities. Retrofitting buildings with cleaner space heating alternatives including electric & hydronic underfloor heating systems, holds a significant potential to substantially decrease energy consumption and environmental harm.
Based on the application, the industry can be primarily divided into single family and multi family. The increasing construction of detached homes, driven by the rising demand for larger living spaces along with the shifting consumer preference towards individual housing units, is expected to fuel the growth of the single-family application. Moreover, the expanding suburban areas characterized by larger homes and growing disposable incomes across consumers in developed as well as emerging economies will further cater to the industry expansion.
Looking for region specific data?
- Europe residential underfloor heating market was estimated at over USD 2 billion in 2023 and is projected to observe substantial expansion between 2024 to 2032. The notable shift towards low-carbon heating solutions attributed to the stern environmental regulations & sustainability goals and reduce the dependency on traditional heating methods has positively catered to the industry landscape. For instance, in September 2023, the government of Jersey, a part of the UK, has confirmed to support the first 100 households under its low-carbon heating scheme with a total funding of over USD 525 thousand.
- Government incentives and regulations play a significant role in driving the adoption of underfloor heating systems across the region. Incentive programs, subsidies, and tax credits encourage the installation of energy-efficient heating solutions, while building codes and regulations set standards for energy performance and indoor comfort in new and existing buildings propelling the industry outlook.
Residential Underfloor Heating Market Share
The residential underfloor heating industry consists of numerous manufacturers, suppliers, and installers, leading to a fragmented competitive landscape. The industry players are continuously focusing on introducing new technologies, energy-efficient solutions, smart home integration, and customization options as the leading strategies to gain a competitive edge & gain a new customer base. Rapid technological advancements in domestic UFH systems offering better performance, energy efficiency, and user experience is among the key parameter adopted by the market participants to maintain a competitive position in the industry.
Residential Underfloor Heating Market Companies
Major players operating in the residential underfloor heating industry include
- Amuheat
- ASIASTAR co., Ltd.
- Danfoss
- DEVEX SYSTEMS AUSTRALIA
- Elektra UK
- Heat Mat Ltd
- Hemstedt GmbH
- Hurlcon Hydronic Heating
- MAGNUM Heating B.V.
- Mysa Smart Thermostats
- OJ Electronics A/S
- REHAU
- Schluter-Systems KG
- ThermoSoft
- Uponor Corporation
- Warmboard, Inc.
- Warmup
- Watts
Residential Underfloor Heating Industry News
- In May 2023, Mysa Smart Thermostats declared to acquire Zen Ecosystems, a smart thermostat manufacturing company located in the U.S. The company has obtained the intellectual property of Zen’s smart & energy-efficient thermostats along with its energy management solutions enabling Mysa to gain a competitive advantage across the underfloor heating industry.
- In February 2023, Danfoss showcased its energy-efficient solutions for residential, commercial, and district energy sectors at ISH 2023 event in Frankfurt. The company also showcased its Danfoss Icon2 system designed to deliver precise control of hydronic underfloor heating with automatic balancing for optimal energy use. Moreover, the new offering also features seamless integration with the company’s Danfoss Ally solutions to allow household users to manage heating solutions remotely through the smartphones.
This residential underfloor heating market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘USD Million’ from 2019 to 2032 for the following segments
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Market, By Technology
- Hydronic
- Electric
Market, By Facility
- New Buildings
- Retrofit
Market, By Application
- Single family
- Multi family
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Austria
- Belgium
- Denmark
- Finland
- Norway
- Sweden
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Latin America
- Brazil
- Mexico
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