Underfloor Heating Market Size and Share Analysis by Offering (Hardware, Service), End User (Residential, Commercial, Industrial) – Global Industry Growth Forecast to 2030

Market Overview

The global underfloor heating market size was $4,319.3 million in 2021, and it will grow at a CAGR of 7.0% during 2021–2030, reaching $7,945.4 million in 2030. In Europe, the U.K. market is expected to progress with the fastest CAGR during the forecast period. The major factors contributing to the growth of the market include the increasing awareness about cost-effective heating solutions and rising number of construction projects.

Market Expected to Grow at Highest Rate in Europe

During the forecast period, Europe is expected to grow at the highest underfloor heating market CAGR, over 7.0%. This will be due to the active participation of government bodies in the protection of the environment, via the usage of energy-efficient systems. There are various initiatives of the European government for reducing carbon emissions. For instance, the U.K. aims to be carbon-free by the end of 2050. Moreover, the New Building Energy Act of Germany focuses on the requirements for the energy performance of buildings, the issue and usage of energy performance certificates, and utilization of renewable energy in buildings.

Hence, underfloor heating is increasingly being used in new residential and commercial projects. For this, in April 2021, Austrian solar company my-PV designed a solution to transfer the surplus electricity generated by solar panels to the electric underfloor heating system of commercial buildings. This solution will help in reducing buildings’ annual electricity expenditure by 67%.

As per analysis, a key reason behind Europe holding the largest market share in 2021 is the large number of players operating in the U.K., Denmark, Switzerland, and many other countries. These players are involved in acquisitions in order to grow their presence in the market. For instance, Uponor, a building solutions company based in Europe, acquired Polish company Capricorn S.A., to offer energy-saving heating and cooling solutions, including underfloor heating.

During the forecast period, North America will be the second-fastest-growing market, after Europe. This will be majorly due to the constant investments in new technologies by the key players operating in the continent, including Rehau, Uponor Corporation, and nVent Electric plc, to provide cost-effective solutions. For instance, in January 2020, Emerson introduced New Warm Tiles ColorTouch WiFi-enabled thermostats for effective heating control.

Hydronic Underfloor Heating Dominated Industry in 2021

A hydronic underfloor heating system includes network pipes, thermal actuators, zone valves, wiring centers, and manifolds, which together deliver more heat than an electric system at a lower operating cost. As a result, in 2021, the hydronic category held the larger market share, and it is predicted to advance at a CAGR of 7.2% during 2021–2030.

With the rise in the standard of living of people, North American and European countries are the key contributors to the underfloor heating market boom. Heating controls enable central heating systems to operate automatically, with the user's only input being to update or temporarily override the program.

Under the hydronic underfloor subsegment, heating pipes had the largest market share in 2021, as they are the major component in such a system. The sale of heating pipes depends on the size of the room, and there were recorded sales of around 2,900 million meters in 2019 globally. This number will eventually grow owing to the rise in the adoption of underfloor heating.

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Hardware Category Holds Largest Share

The hardware category garnered the largest share, around 75%, in 2021. Hardware, which is the major component of any heating system, includes heating cables, heating mats, heating pipes, thermostats, zone valves, and wiring centers. Companies are involved in acquisitions in order to enhance their position in the market. For instance, The Stelpro Group acquired Flextherm, an electric floor heating solution provider. This collaboration will facilitate developing products for smart homes and energy consumption management, including a range of heating cables and controls.

Moreover, the changing lifestyle of people and rising disposable income, especially in developed countries, such as Canada and the U.S., drive the usage of underfloor heating in new as well as renovated apartments. For instance, in North America, the Pittsburgh Mixed-Use Development project involves the development of residential, commercial, and office spaces on 11.33 hectares of land. This project is expected to be completed in Q4 2023, and it has attracted investments of $1,000 million.

New Installations Category To Experience Faster Growth

The new installations category is projected to grow at the higher rate, attributed to the increasing awareness of reducing carbon emissions. For instance, the EU has developed the Energy Efficiency (EE) regulatory framework, containing policies and outlining actions to help the region meet its objective of reducing greenhouse gases by at least 55% by 2030.

Moreover, commercial and residential infrastructure projects, including those part of smart city projects, are using underfloor heating setups in order to meet these objectives.

Moreover, as per forecast, retrofit installations will also witness significant growth, since the preference of people is shifting toward cost-effective solutions that do not compromise on comfort. The efficiency and convenience of underfloor heating solutions in this regard are encouraging people to adopt them when renovating their homes. As per statistics, people of the U.S. spent $457 billion in 2020 on making their homes more comfortable, including by upgrading their heating systems, but with a focus on energy savings.

Residential Category Projected To Grow Fastest

The residential category will advance at the highest rate over the decade and generate revenue of around $4.0 billion in 2030. This will be due to the growing application of underfloor heating systems in residential properties since they are considered ideal for such projects. Hence, with the booming housing construction in developed countries, such as the U.S. and Canada, the installation of these systems is rising too.

For instance, the Thornhill residential project in Canada involves the development of 308 residential and retail units ranging from 534 to 878 square feet. It has attracted an investment of $144 million.

The commercial category will be the second-fastest-growing during this decade. Because of the growing demand for effective floor heating in workplaces and retail enterprises, underfloor heating systems are expected to gain traction. Major industry players are shifting their business strategies to focus on product differentiation, to meet a variety of client needs. Furthermore, the improvements in building approaches, such as insulation and controls, would encourage underfloor heating system vendors to develop better solutions.

To Increase Market Share, Companies Involved in Various Strategic Developments

Major players in the underfloor heating market have been involved in the introduction of products, collaborations, and mergers and acquisitions. For instance:

• In March 2021, Uponor Corporation launched underfloor heating packs.
• In March 2021, nVent Electric plc announced Vent RAYCHEM SENZ WIFI electric underfloor heating thermostat. It allows users to control floor heating using voice commands, via a smartphone app.
• In December 2021, RWC launched a new underfloor heating solution designed to maintain the low height of underfloor heating systems, without compromising on the heat output.

Top Manufacturers in Underfloor Heating Market Are:

• Uponor Corporation
• Resideo Technologies Inc.
• nVent Electric plc
• REHAU
• Emerson Electric Co.
• Danfoss
• Nexans
• Honeywell International Inc.

Underfloor Heating Market Size Breakdown by Segment

The study offers comprehensive market segmentation analysis along with market estimation for the period 2017-2030.

Based on Offering

• Hardware
  • By product
    • Electric
      • Heating cables
      • Heating mats
      • Thermostats and sensors
    • Hydronic
      • Heating pipes
      • Thermostats and sensors
      • Thermal actuators
      • Zone valves
      • Wiring centers
      • Manifold valves
  • By subsystem
    • Heating systems
    • Control systems
  • By installation type
    • New
    • Retrofit
• Service
  • Installation
  • Upgradation/replacement
  • Maintenance and repair
  • Consulting

Based on End User

• Residential
• Commercial
• Industrial

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Spain
  • Italy
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • South Africa
  • Saudi Arabia