Underfloor Heating Market: Global Industry Analysis, Trends, Size, Share, Growth and Forecast 2017-2025 By Heating Method, By Component, By Application, By Facility, Regional Outlook & Market Opportunity Assessment

Market Overview

In recent years under floor heating has widely been accepted as one of the most effective methods of heating. It has become the fastest growing market for both domestic and commercial heating sectors. Huge investments in new technical developments with the suppliers and developers, architects, main contractors and sub-contractors are leading the market. In Europe, construction market is still recovering from the global financial crisis a decade ago. The gradual recovery of European building and construction markets is anticipated to continue throughout and supporting the underfloor heating market to flourish.

Goldstein Research analyst forecast the under floor heating market size is set to reach USD 4.6 billion by 2024 from the USD 2.3 billion in 2016, growing at a CAGR of 9.1% over the forecast years. With the increased understanding of the application of under floor heating systems that it covers larger area as compared to other methods of keeping the space warm such as forced air heating method. Colder regions especially in temperate and frigid zone of the earth require efficient and reliable system to keep the indoor areas warm.

Global Underfloor Heating Market Segmentation

By Heating Method

• Radiant Under Floor Heating

• Hydraunics Under Floor Heating

By Component

• Heating Mats

• Heating Cables

• Sensors and Thermostat

• Heating Pipes

• Manifolds

By Application

• Residential

• Industrial

• Commercial

By Facility

• Existing Buildings

• New Buildings

Based on Geography

• North America (U.S. & Canada)  Under floor Heating market {Market Share (%), Market Size (USD Billion)}

• Latin America (Brazil, Mexico, Argentina & Rest of Latin America)  Under floor Heating market {Market Share (%), Market Size (USD Billion)}

• Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & RoE)  Under floor Heating market {Market Share (%), Market Size (USD Billion)}

• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia)  Under floor Heating market {Market Share (%), Market Size (USD Billion)}

• Middle East & Africa (GCC, South Africa, North Africa, RoMEA)  Under floor Heating market {Market Share (%), Market Size (USD Billion)}

Market Share by Product Type and Region

On the basis of heating method, hydraunic under floor heating segment market share was 38.7% in 2016. Hydraunics under floor heating systems are preferred owing to its lower cost of installation, efficient and less energy consumption and it is suitable with most of the flooring types, hence it is expected to grow annually at the rate of 4.3%. Sensors and thermostat market segment is expected to grow at a CAGR of 4.2% because the productivity of under floor heating system is dependent upon the sensors and thermostat which measures the physical characteristic of an environment and provides signal corresponding to the properties.

Based on geography, North America is expected to remain on the growth path but at a slow rate owing to the fact that U.S. construction industry is becoming favorable and the government is also boosting infrastructure and manufacturing investments. Thus, North America had 32.5% market share of the global underfloor heating market in 2016 and is expected to grow at the rate of 4.6% CAGR. Europe has the largest market share i.e. 51.45% of the total underfloor heating market due to the presence of maximum countries under the influence of frigid or temperate zone and the housing permit trend is reasonably strong in most European countries such as Germany, the Netherlands, France and some Nordic countries.

Trends, Drivers & Challenges to Market Growth

With the advancement in technology, there is a trend of using smart underfloor heating that saves the cost and efforts to regulate the temperature and is efficient way of installing underfloor heating systems. It uses the Wi-Fi connected with smart phones to control and regulate the temperature. Also it learns through routine and senses automatically when to change the temperature.

According to the report, major driving factor for the growth of underfloor heating market is the average temperature of a region as well as housing and construction industry of that region that allows for the installation of underfloor heating systems.

Further, there are many challenges associated with the underfloor heating but major challenge is the political unrest around the European countries. Europe being the largest market, any disruptions in the European economy such as Brexit and European climate such as global warming impacts, will affect the demand of underfloor heating systems.

Key Players

Global Underfloor heating market report comprises of the following companies as the key players in the underfloor heating market:

• Honeywell International
• Mitsubishi Electric Corporation
• Schneider Electric SE
• Siemens AG
• Nexans S.A
• Pentair PLC

Other high-flying vendors in the underfloor heating are:

• Uponor
• WMS Underfloor Heating
• Danfoss A/S
• Emersion Electric Co.
• Robert Bosch

Covered in This Global Underfloor Heating Market Outlook Report

The report covers the present ground scenario and the future growth prospects of the under floor heating market for 2016-2024 along with the sales and revenue of the under floor heating system. We calculated the market size and revenue share on the basis of revenue generated from major players and sales of under floor heating from major players across the globe. The report describes the market on the basis of front-end equipment, back-end equipment and fabrication facility equipment. In addition the raw material and manufacturing equipment suppliers, OEMs, technology investors, Governments, financial institutions, and investment communities and end users of the under floor heating market data is covered in the report.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Under floor heating market outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the under floor Heating market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global Under floor heating market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

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Key questions answered in this Global Under floor Heating Market Report

• What is the total market size by 2024 and what would be the expected growth rate?
• What is the revenue of under floor heating market in 2015-16 and what would be the expected demand over the forecasted period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who all are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

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