What Is The Current and Historic Market Size Analysis Of Underfloor Heating Market?
The underfloor heating market has seen considerable growth due to a variety of factors.
• The market size of underfloor heating has experienced consistent growth over past years. The market is anticipated to rise from a value of $5.32 billion in 2024 to $5.55 billion in 2025, with a compound annual growth rate (CAGR) of 4.2%.
The expansion in the historical period was driven by trends like energy efficiency, comfort and aesthetic desire, boom in residential construction, refurbishment and retrofit activities, as well as the heightened awareness of health benefits.
What Can Be Expected from the Underfloor Heating Market in the Coming Years?
The underfloor heating market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for robust expansion in the underfloor heating market over the coming years. By 2029, the market size is anticipated to reach $7.11 billion, expanding at a compound annual growth rate (CAGR) of 6.4%.
The predicted growth during the forecast period can be credited to a number of factors. These include the embrace of green building strategies, the proliferation of smart homes, incorporation in commercial properties, governmental incentives, and improvements in system design. Several trends predicted to influence this period of growth extend to the integration with renewable energy sources, retrofit endeavors in existing structures, adaptability, and design flexibility. Regulatory directives encouraging energy-efficient edifices and a rise in economic viability and accessibility are also projected to impact growth.
Which Factors Are Boosting Growth In The Underfloor Heating Market?
The market for underfloor heating solutions is being propelled by robust government assistance and incentives. Various worldwide government institutions are offering grants and incentives to encourage the improvement of current heating systems and the implementation of heating systems dependent on renewable sources. For example, in October 2024, the Cabinet Office, a ministerial department in the UK, disclosed in a report that the Department for Education (DfE) remains the highest formula grant funding provider, having dispensed $73.1 billion in formula grants in the 2022 to 2023 fiscal year. The Home Office's $5.1 billion Police Main Grant and the Department of Health and Social Care's $3.4 billion Public Health ring-fenced Grant for 2022 to 2023 follow the DfE as other notable formula grant schemes. The underfloor heating solutions market is projected to benefit from these government initiatives and grant schemes during the predicted period.
How Is the Underfloor Heating Market segmented?
The underfloor heating market covered in this report is segmented –
1) By Type: Hydronic Underfloor Heating, Electric Underfloor Heating
2) By Installation: New installations, Retrofit installations
3) By Application: Residential, Commercial, Institutional
Subsegments:
1) By Hydronic Underfloor Heating: Warm Water Systems, Boiler-Based Systems
2) By Electric Underfloor Heating: Electric Heating Mats, Electric Heating Cables
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What New Trends Are Influencing the Underfloor Heating Market?
Recent trends suggest an increase in strategic collaborations among companies in the underfloor heating market. These partnerships, especially with tech firms, aim to develop advanced underfloor heating products that boast innovative features. For example, nVent Electric PLC, a provider of electric radiant floor heating systems from Canada, collaborated with MAPEI in August 2022. Their partnership aims to launch the Mapeheat electrical underfloor heating products in the UK's flooring and tiling industry. This system is devised for both commercial and residential usage, offering a dependable and efficient heating solution in diverse settings.
Who Are the Key Players in the Underfloor Heating Market?
Major companies operating in the underfloor heating market include:
• Robert Bosch GmbH
• Siemens AG
• Mitsubishi Electric Corporation
• Schneider Electric SE
• Honeywell International Inc.
• SALUS North America Inc.
• Rehau Ltd.
• Emerson Electric Co
• Danfoss Group
• Nexans S.A.
• Resideo Technologies Inc.
• Pentair plc
• nVent Electric Plc
• Raychem Corporation
• Uponor Corporation Amuheat
• Wavin N.V.
• Polypipe Group plc
• ESI Heating and Cooling
• Warmup Inc.
• Schlüter-Systems Ltd.
• Hurlcon Hydronic Heating
• Flexel International Ltd.
• Warmtech Pty Ltd.
• ThermoSoft International Corporation
• Ebeco AB
• Heat Mat Ltd.
• Heatmiser UK Ltd.
• Gaia Climate Solutions Ltd.
• Amuheat
• H2O Heating Pty Ltd.
• WarmlyYours.com Inc.
• Speedheat US LLC
• Devex Systems
What Is The Most Dominant Region In The Underfloor Heating Market?
Western Europe was the largest region in the underfloor heating market share in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the underfloor heating market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
