What is Global Underfloor Heating Market?
The Global Underfloor Heating Market is a vast and dynamic sector that has been gaining significant traction in recent years. This market revolves around the installation and use of heating systems that are embedded beneath the floor surface, providing a more efficient and comfortable heating solution. These systems are designed to provide uniform heat distribution across the room, eliminating cold spots and enhancing overall comfort. The underfloor heating systems are hidden from view, freeing up wall space and allowing more flexibility in room layout. They are also known for their energy efficiency, as they operate at lower temperatures compared to traditional radiators, reducing energy consumption and subsequently, heating costs. The global market for underfloor heating is driven by various factors such as advancements in technology, increasing demand for energy-efficient solutions, and the growing trend of smart homes. However, the high installation cost and lengthy installation process may hinder the market growth to some extent.
Hydronic Heating, Electric Heating in the Global Underfloor Heating Market:
The Global Underfloor Heating Market is segmented into two main types: Hydronic Heating and Electric Heating. Hydronic Heating systems use water or a mix of water and anti-freeze, such as propylene glycol, as a heat transfer fluid. These systems are typically installed in concrete floors, making them ideal for new construction projects. They are known for their high energy efficiency and ability to provide consistent heat across large areas. On the other hand, Electric Heating systems use electrical cables or heating mats to generate heat. These systems are easier and quicker to install compared to hydronic systems, making them suitable for retrofit applications. They are also more responsive and easier to control, providing a comfortable heating solution for smaller areas. Both types of underfloor heating systems have their own advantages and are chosen based on the specific requirements of the project.
Residential Building, Commercial Building, Other in the Global Underfloor Heating Market:
The Global Underfloor Heating Market finds its application in various areas including Residential Buildings, Commercial Buildings, and Others. In Residential Buildings, underfloor heating systems are used to provide a comfortable and warm living environment. They are commonly installed in bathrooms, kitchens, and living rooms, enhancing the overall comfort and aesthetic appeal of the home. In Commercial Buildings, these systems are used to create a comfortable working environment, improving productivity and employee satisfaction. They are ideal for large open-plan offices, retail stores, and other commercial spaces where maintaining a consistent temperature is crucial. Other applications of underfloor heating systems include industrial buildings, public institutions, and outdoor areas such as driveways and walkways. These systems are chosen based on the specific heating requirements, budget, and the structural constraints of the building.
Global Underfloor Heating Market Outlook:
The Global Underfloor Heating Market, which was valued at US$ 6967 million in 2022, is expected to reach a valuation of US$ 10810 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period of 2023-2029. This growth can be attributed to the increasing demand for energy-efficient heating solutions and the growing trend of smart homes. The market is dominated by the top five manufacturers who collectively hold a share of about 15%. In terms of product type, Hydronic Heating is the largest segment, accounting for over 55% of the market share. This dominance can be attributed to the high energy efficiency and consistent heat distribution offered by hydronic systems. However, the market dynamics are subject to change based on technological advancements and changing consumer preferences.
| Report Metric | Details |
| Report Name | Underfloor Heating Market |
| Accounted market size in 2022 | US$ 6967 in million |
| Forecasted market size in 2029 | US$ 10810 million |
| CAGR | 6.4% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Raychem, Myson, Emerson, Warmup, ThermoSoft International, Flexel, Weixing, Calorique, Daikin, Danfoss A/S, STEP Warmfloor, Arkon Heating Systems, GH, Nexans, Rifeng, Korea Heating, daeho, LESSO, EXA E&C, SunTouch, SXshuangyin, Rexva, GF Piping, VASCO, Ondolia, Halmburger, Avis Technique, HONGYUE, Akan, Seggi Century, Junxing, Nu-Heat, Fanski, Ginde, zhonghui, Kingbull, Nusun |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
