Underfloor Heating Market Overview

The report is titled as ‘Underfloor Heating Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the underfloor heating market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Underfloor heating market is expected to grow at a significant rate in the near future.

The global underfloor heating market in 2020 is estimated for more than US$ 4.5 Bn and expected to reach a value of US$ 8.0 Bn by 2028 with a significant CAGR of 7.3%.

Underfloor Heating Market Definition

An underfloor heating distribution system is a piece of equipment employed to manage temperatures at an appropriate level by applying thermal energy. The underfloor heating system serves its utility in a variety of sectors, such as offices, households, industries, and many more. The boiled water is passed through the channel of pipes beneath the floor in an underfloor heating system, which maintains the temperature of the room.

An underfloor heating system is gaining much traction in the extensive areas of application in the residential sector where water heaters are used abundantly. Owing to which, the underfloor heating systems are projected to witness huge growth in demand in the near future.

Also, the underfloor heating system is considered the best alternative for floor finishes, which further adds to its stimulating demand in the new housing developments and commercial sectors. In addition to that, the electric underfloor heating system has low installation costs which act as a positive driver for further adoption of heating systems in the upcoming years. Attributing to this, the underfloor heating market is expected to grow rapidly in the near future.

Underfloor Heating Market Dynamics

The swift urbanization, as well as growing industrialization, has backed the growth in the demand for underfloor heating systems across the world in the last few years, which has played a major role in boosting the growth of the global underfloor heating market. By the same token, there is immense awareness as well as concern among the government bodies and population regarding ever-growing costs of energy and energy conservation, which is expected to offer more growth opportunities for the underfloor heating systems, thus it is estimated to propel the growth of the underfloor heating market in the forthcoming years.

Moreover, over the past few years there is a substantial rise in renewable energy systems, which in turn made underfloor heating systems the most relevant choice for space heating in new properties, thereby further increasing its demand in the global market. Therefore, the global underfloor heating market is projected to surge significantly during the forecast period.

However, the slow or lagging response time of underfloor heating systems might hold back the growth of underfloor heating systems in the market in the near future. Nevertheless, the rapid climate change in the present-day world is also contributing to the growth of underfloor heating systems as it assists in maintaining the indoor climate. Owing to this, the underfloor heating market is projected to surge rapidly in the coming years.

Underfloor Heating Market Key Players

Some of the key participating players in underfloor heating market are:

•    Danfoss A/S

•    Uponor Corporation

•    Emersion Electric Co.

•    Honeywell International

•    Robert Bosch

•    Pentair PLC

•    Mitsubishi Electric Corporation

•    Schneider Electric SE

•    Siemens AG

•    Nexans S.A.

Underfloor Heating Market Segmentation

The underfloor heating market is segmented on the basis of component, installation, type, application, and region.

By Component

•    Electric Underfloor Heating Component

o    Heating Cables

o    Heating Mats

o    Sensors and Thermostat

•    Hydronic Underfloor Heating Component

o    Heating Pipes

o    Manifolds

o    Sensor and Thermostat

By Installation

•    New Installation

•    Retrofit

By Type

•    Electric Underfloor Heating System

•    Hydronic Underfloor Heating System

By Application

•    Commercial

•    Residential

•    Industrial

By Region

•    North America

•    Latin America

•    Europe

•    Asia Pacific

•    Middle East

•    Africa

MMC Overview on Underfloor Heating Market Report

The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.

A research report on the underfloor heating market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

•    New product designs and launches

•    Current product compliance

•    Reimbursement

•    Concerns for use of Underfloor Heating

•    Advantages of Underfloor Heating

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.

1.    Global Underfloor Heating Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Underfloor Heating Market Overview

2.1.    Introduction

2.1.1.    Market Definition

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Underfloor Heating Market Snapshot

2.4.    Global Underfloor Heating Market Size and Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast and Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global Underfloor Heating Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Key Regulations

2.7.    Porter’s Five Forces Model

3.    Global Underfloor Heating Market, By Component

3.1.    Introduction

3.1.1.    Annual Growth Rate Comparison, By Component

3.1.2.    BPS Analysis, By Component

3.2.    Market Revenue (US$Mn) Forecast, By Component

3.2.1.    Electric Underfloor Heating Component

3.2.1.1.    Heating Cables

3.2.1.2.    Heating Mats

3.2.1.3.    Sensors and Thermostat

3.2.2.    Hydronic Underfloor Heating Component

3.2.2.1.    Heating Pipes

3.2.2.2.    Manifolds

3.2.2.3.    Sensor and Thermostat

3.3.    Global Underfloor Heating Market Attractiveness Index, By Component

4.    Global Underfloor Heating Market, By Application

4.1.    Introduction

4.1.1.    Annual Growth Rate Comparison, By Application

4.1.2.    BPS Analysis, By Application

4.2.    Market Revenue (US$Mn) Forecast, By Application

4.2.1.    Commercial

4.2.2.    Residential

4.2.3.    Entertainment

4.2.4.    Industrial

4.2.5.    Healthcare

4.2.6.    Education

4.3.    Global Underfloor Heating Market Attractiveness Index, By Application

5.    Global Underfloor Heating Market, By Installation

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By Installation

5.1.2.    BPS Analysis, By Installation

5.2.    Market Revenue (US$Mn) Forecast, By Installation

5.2.1.    New Installation

5.2.2.    Retrofit

5.3.    Global Underfloor Heating Market Attractiveness Index, By Installation

6.    Global Underfloor Heating Market, By Type

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Type

6.1.2.    BPS Analysis, By Type

6.2.    Market Revenue (US$Mn) Forecast, By Type

6.2.1.    Electric Underfloor Heating System

6.2.2.    Hydronic Underfloor Heating System

6.3.    Global Underfloor Heating Market Attractiveness Index, By Type

7.    Global Underfloor Heating Market, By Region

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Region

7.1.2.    BPS Analysis, By Region

7.2.    Market Revenue (US$Mn) Forecast, By Region

7.2.1.    North America

7.2.2.    Latin America

7.2.3.    Europe

7.2.4.    Asia Pacific

7.2.5.    Middle East

7.2.6.    Africa

7.3.    Global Underfloor Heating Market Attractiveness Index, By Region

8.    North America Underfloor Heating Market Analysis and Forecast, 2020–2028

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Country

8.1.2.    BPS Analysis, By Country

8.2.    Market Revenue (US$Mn) Forecast, By Country

8.2.1.    U.S. Underfloor Heating Market

8.2.2.    Canada Underfloor Heating Market

8.3.    North America Underfloor Heating Market, By Component

8.3.1.    Electric Underfloor Heating Component

8.3.1.1.    Heating Cables

8.3.1.2.    Heating Mats

8.3.1.3.    Sensors and Thermostat

8.3.2.    Hydronic Underfloor Heating Component

8.3.2.1.    Heating Pipes

8.3.2.2.    Manifolds

8.3.2.3.    Sensor and Thermostat

8.4.    North America Underfloor Heating Market, By Application

8.4.1.    Commercial

8.4.2.    Residential

8.4.3.    Entertainment

8.4.4.    Industrial

8.4.5.    Healthcare

8.4.6.    Education

8.5.    North America Underfloor Heating Market, By Installation

8.5.1.    New Installation

8.5.2.    Retrofit

8.6.    North America Underfloor Heating Market, By Type

8.6.1.    Electric Underfloor Heating System

8.6.2.    Hydronic Underfloor Heating System

8.7.    North America Underfloor Heating Market Attractiveness Index

8.7.1.    By Country

8.7.2.    By Component

8.7.3.    By Application

8.7.4.    By Installation

8.7.5.    By Type

9.    Latin America Underfloor Heating Market Analysis and Forecast, 2020–2028

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Country

9.1.2.    BPS Analysis, By Country

9.2.    Market (US$Mn) Forecast, By Country

9.2.1.    Brazil Underfloor Heating Market

9.2.2.    Mexico Underfloor Heating Market

9.2.3.    Argentina Underfloor Heating Market

9.2.4.    Rest of Latin America Underfloor Heating Market

9.3.    Latin America Underfloor Heating Market, By Component

9.3.1.    Electric Underfloor Heating Component

9.3.1.1.    Heating Cables

9.3.1.2.    Heating Mats

9.3.1.3.    Sensors and Thermostat

9.3.2.    Hydronic Underfloor Heating Component

9.3.2.1.    Heating Pipes

9.3.2.2.    Manifolds

9.3.2.3.    Sensor and Thermostat

9.4.    Latin America Underfloor Heating Market, By Application

9.4.1.    Commercial

9.4.2.    Residential

9.4.3.    Entertainment

9.4.4.    Industrial

9.4.5.    Healthcare

9.4.6.    Education

9.5.    Latin America Underfloor Heating Market, By Installation

9.5.1.    New Installation

9.5.2.    Retrofit

9.6.    Latin America Underfloor Heating Market, By Type

9.6.1.    Electric Underfloor Heating System

9.6.2.    Hydronic Underfloor Heating System

9.7.    Latin America Underfloor Heating Market Attractiveness Index

9.7.1.    By Country

9.7.2.    By Component

9.7.3.    By Application

9.7.4.    By Installation

9.7.5.    By Type

10.    Europe Underfloor Heating Market Analysis and Forecast, 2020–2028

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market (US$Mn) Forecast, By Country

10.2.1.    U.K. Underfloor Heating Market

10.2.2.    Germany Underfloor Heating Market

10.2.3.    Italy Underfloor Heating Market

10.2.4.    France Underfloor Heating Market

10.2.5.    Spain Underfloor Heating Market

10.2.6.    Russia Underfloor Heating Market

10.2.7.    Poland Underfloor Heating Market

10.2.8.    BENELUX Underfloor Heating Market

10.2.9.    NORDIC Underfloor Heating Market

10.2.10.    Rest of Europe Underfloor Heating Market

10.3.    Europe Underfloor Heating Market, By Component

10.3.1.    Electric Underfloor Heating Component

10.3.1.1.    Heating Cables

10.3.1.2.    Heating Mats

10.3.1.3.    Sensors and Thermostat

10.3.2.    Hydronic Underfloor Heating Component

10.3.2.1.    Heating Pipes

10.3.2.2.    Manifolds

10.3.2.3.    Sensor and Thermostat

10.4.    Europe Underfloor Heating Market, By Application

10.4.1.    Commercial

10.4.2.    Residential

10.4.3.    Entertainment

10.4.4.    Industrial

10.4.5.    Healthcare

10.4.6.    Education

10.5.    Europe Underfloor Heating Market, By Installation

10.5.1.    New Installation

10.5.2.    Retrofit

10.6.    Europe Underfloor Heating Market, By Type

10.6.1.    Electric Underfloor Heating System

10.6.2.    Hydronic Underfloor Heating System

10.7.    Europe Underfloor Heating Market Attractiveness Index

10.7.1.    By Country

10.7.2.    By Component

10.7.3.    By Application

10.7.4.    By Installation

10.7.5.    By Type

11.    Asia Pacific Underfloor Heating Market Analysis and Forecast, 2020–2028

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) Forecast, By Country

11.2.1.    China Underfloor Heating Market

11.2.2.    India Underfloor Heating Market

11.2.3.    Japan Underfloor Heating Market

11.2.4.    Australia and New Zealand Underfloor Heating Market

11.2.5.    South Korea Underfloor Heating Market

11.2.6.    ASEAN Underfloor Heating Market

11.2.7.    Rest of Asia Pacific Underfloor Heating Market

11.3.    Asia Pacific Underfloor Heating Market, By Component

11.3.1.    Electric Underfloor Heating Component

11.3.1.1.    Heating Cables

11.3.1.2.    Heating Mats

11.3.1.3.    Sensors and Thermostat

11.3.2.    Hydronic Underfloor Heating Component

11.3.2.1.    Heating Pipes

11.3.2.2.    Manifolds

11.3.2.3.    Sensor and Thermostat

11.4.    Asia Pacific Underfloor Heating Market, By Application

11.4.1.    Commercial

11.4.2.    Residential

11.4.3.    Entertainment

11.4.4.    Industrial

11.4.5.    Healthcare

11.4.6.    Education

11.5.    Asia Pacific Underfloor Heating Market, By Installation

11.5.1.    New Installation

11.5.2.    Retrofit

11.6.    Asia Pacific Underfloor Heating Market, By Type

11.6.1.    Electric Underfloor Heating System

11.6.2.    Hydronic Underfloor Heating System

11.7.    Asia Pacific Underfloor Heating Market Attractiveness Index

11.7.1.    By Country

11.7.2.    By Component

11.7.3.    By Application

11.7.4.    By Installation

11.7.5.    By Type

12.    Middle East Underfloor Heating Market Analysis and Forecast, 2020–2028

12.1.    Introduction

12.1.1.    Annual Growth Rate Comparison, By Country

12.1.2.    BPS Analysis, By Country

12.2.    Market (US$Mn) Forecast, By Country

12.2.1.    GCC Countries Underfloor Heating Market

12.2.2.    Israel Underfloor Heating Market

12.2.3.    Oman Underfloor Heating Market

12.2.4.    Rest of Middle East Underfloor Heating Market

12.3.    Middle East Underfloor Heating Market, By Component

12.3.1.    Electric Underfloor Heating Component

12.3.1.1.    Heating Cables

12.3.1.2.    Heating Mats

12.3.1.3.    Sensors and Thermostat

12.3.2.    Hydronic Underfloor Heating Component

12.3.2.1.    Heating Pipes

12.3.2.2.    Manifolds

12.3.2.3.    Sensor and Thermostat

12.4.    Middle East Underfloor Heating Market, By Application

12.4.1.    Commercial

12.4.2.    Residential

12.4.3.    Entertainment

12.4.4.    Industrial

12.4.5.    Healthcare

12.4.6.    Education

12.5.    Middle East Underfloor Heating Market, By Installation

12.5.1.    New Installation

12.5.2.    Retrofit

12.6.    Middle East Underfloor Heating Market, By Type

12.6.1.    Electric Underfloor Heating System

12.6.2.    Hydronic Underfloor Heating System

12.7.    Middle East Underfloor Heating Market Attractiveness Index

12.7.1.    By Country

12.7.2.    By Component

12.7.3.    By Application

12.7.4.    By Installation

12.7.5.    By Type

13.    Africa Underfloor Heating Market Analysis and Forecast, 2020–2028

13.1.    Introduction

13.1.1.    Annual Growth Rate Comparison, By Country

13.1.2.    BPS Analysis, By Country

13.2.    Market (US$Mn) Forecast, By Country

13.2.1.    South Africa Underfloor Heating Market

13.2.2.    Egypt Underfloor Heating Market

13.2.3.    North Africa Underfloor Heating Market

13.2.4.    Rest of Africa Underfloor Heating Market

13.3.    Africa Underfloor Heating Market, By Component

13.3.1.    Electric Underfloor Heating Component

13.3.1.1.    Heating Cables

13.3.1.2.    Heating Mats

13.3.1.3.    Sensors and Thermostat

13.3.2.    Hydronic Underfloor Heating Component

13.3.2.1.    Heating Pipes

13.3.2.2.    Manifolds

13.3.2.3.    Sensor and Thermostat

13.4.    Africa Underfloor Heating Market, By Application

13.4.1.    Commercial

13.4.2.    Residential

13.4.3.    Entertainment

13.4.4.    Industrial

13.4.5.    Healthcare

13.4.6.    Education

13.5.    Africa Underfloor Heating Market, By Installation

13.5.1.    New Installation

13.5.2.    Retrofit

13.6.    Africa Underfloor Heating Market, By Type

13.6.1.    Electric Underfloor Heating System

13.6.2.    Hydronic Underfloor Heating System

13.7.    Africa Underfloor Heating Market Attractiveness Index

13.7.1.    By Country

13.7.2.    By Component

13.7.3.    By Application

13.7.4.    By Installation

13.7.5.    By Type

14.    Recommendation

14.1.    Market Strategy

15.    Competitive Landscape

15.1.    Competition Dashboard

15.2.    List and Company Overview of Global Key Players

15.3.    Company Profiles

15.3.1.    Danfoss A/S

15.3.1.1.    Company Overview

15.3.1.2.    Financial Overview

15.3.1.3.    Component Portfolio

15.3.1.4.    Key Developments

15.3.1.5.    Business Strategies

15.3.2.    Uponor Corporation

15.3.3.    Emersion Electric Co.

15.3.4.    Honeywell International

15.3.5.    Robert Bosch

15.3.6.    Pentair PLC

15.3.7.    Mitsubishi Electric Corporation

15.3.8.    Schneider Electric SE

15.3.9.    Siemens AG

15.3.10.    Nexans S.A.

16.    Acronyms