Dublin, Sept. 09, 2024 (GLOBE NEWSWIRE) -- The "Underfloor Heating Market by Type (Manifolds & Valves, Zone Valves, Heating Pipes, Wiring Centers, Zone Valves, Thermal Actuators, Heating Cables, Mats, Thermostats & Sensors), Offering, Installation Type (New, Retrofit), Region - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The global underfloor heating market was valued at USD 5.3 billion in 2024 and is estimated to reach USD 7.6 billion by 2029, registering a CAGR of 7.3% during the forecast period. The rising urbanization, regulatory requirements for sustainable construction activities, enhanced air quality inside the residential as well as commercial complexes, zoning capabilities as well as other strategies foster a reasonable setting for underfloor heating market. 
Electric to grow significantly in underfloor heating market
Underfloor heating systems that run on electricity function similarly to electric blankets. The system generates heat by passing electricity through the cable installed beneath the floor as heating pads. While this heating type is unsuitable for large areas or cost-effective, it is ideal for smaller spaces. Electric underfloor heating systems utilize non-corrosive and flexible heating elements, making them easy to install. They require fewer components compared to hydronic underfloor heating systems. These systems are commonly used to heat carpets, rugs, laminates, tiles, and wood floors and provide floor warming.
New installation contributes significant share in the underfloor heating market
In 2023, the new installation segment accounted for a larger market share, and a similar trend is likely to be observed during the forecast period, as the use of underfloor heating systems is on the rise in newly constructed residential and commercial buildings. Additionally, many developed nations, such as the US, the UK, and Germany, have implemented strict energy efficiency regulations for buildings.
Underfloor heating systems can help developers reduce installation costs in new buildings by utilizing on-site laborers for basic system installation and specialist contractors for electric system and boiler commissioning and connection. Although the installation cost of water-based underfloor heating systems is initially higher than standard radiator systems, they are more energy-efficient (>30%) than traditional central heating systems. Additionally, underfloor heating systems are now being offered as a value-added feature by builders to attract home buyers. All these trends indicate that newly installed underfloor heating systems are expected to dominate the market in the near future.
North America will contribute significantly to the growth rate in underfloor heating market
North America is poised to contribute a significant share to the underfloor heating market for several compelling reasons. The region boasts a robust industrial, commercial as well as residential base across that forms an integral to managing complex heating processes, ensuring regulatory compliance, and improving efficiency. Advanced heating technologies enable real-time monitoring, predictive maintenance, and data analytics, thereby supporting agile decision-making and continuous improvement initiatives.
Research Coverage
This research report categorizes the underfloor heating market by type, end-use, and region (North America, Europe, Asia Pacific). The report scope covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the underfloor heating market. A detailed analysis of the key industry players has provided insights into their business overview, solutions and services, key strategies, Contracts, partnerships, and agreements. New product and service launches, acquisitions, and recent developments associated with the underfloor heating market. This report covers competitive analysis of upcoming startups in the underfloor heating market ecosystem.
Reasons to Buy this Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the underfloor heating market, and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 213 |
| Forecast Period | 2024-2029 |
| Estimated Market Value (USD) in 2024 | $5.3 Billion |
| Forecasted Market Value (USD) by 2029 | $7.6 Billion |
| Compound Annual Growth Rate | 7.3% |
| Regions Covered | Global |
Market Dynamics
- Drivers
- Increasing Demand for Cost-Effective and Advanced Heating Solutions
- Rising Adoption due to Government Support and Incentives
- Implementation of Stringent Building Codes
- Integration of Renewable Energy Sources
- Restraints
- Longer Response Time Than for Other Heating Systems
- High Installation Costs
- Time-Consuming and Complex Regulatory Approval Process
- Opportunities
- Technological Advancements and Digitalization Trends
- Emergence of IoT-based Underfloor Heating Systems
- Expanding Construction Industry
- Challenges
- Setup Issues Associated with Underfloor Heating Systems
Pricing Analysis
- Average Selling Price Trend of Key Players, by Component Type
- Average Selling Price Trend, by Region
Technology Analysis
- Key Technologies
- Internet of Things (IoT)
- Predictive Maintenance
- Complementary Technologies
- Artificial Intelligence (AI)
- Adjacent Technologies
- Graphene Heating Films
Case Study Analysis
- nVent Raychem Installs Responsive Underfloor Heating System at Luxury Development
- Continental's Oneboard System Solves Structural Challenges at Newbuild Property
- Devex Systems Provides Hydronic Underfloor Heating at Australian Church
- Warmup Provides Hydronic Underfloor Heating System for Upmarket Apartment Complex
- Warmup Successfully Installs Zone-based Underfloor Heating System at Housing Development
- Thermo Floor UK Designs Modern Underfloor Heating System for Trinity College Chapel
Trade Analysis
- Import Scenario (HS Code 841861)
- Export Scenario (HS Code 841861)
Companies Featured
- Resideo Technologies Inc.
- nVent
- Warmup PLC
- Rehau Ltd.
- Magnum Heating Group B.V.
- Uponor Corporation
- Emerson Electric Co.
- Robert Bosch GmbH
- Danfoss
- Mitsubishi Electric Corporation
- Siemens AG
- Schneider Electric
- Incognito Heat Co.
- Myson
- Thermosoft International Corporation
- Flexel International
- Nexans
- Amuheat
- ESI Heating and Cooling
- Janes Radiant Heating
- Warmafloor
- Rayotec Ltd.
- RBT Underfloor Ltd.
- uHeat
- Schluter-Systems
For more information about this report visit https://www.researchandmarkets.com/r/fq10zv
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
