The global underfloor heating market size is expected to grow from $4.66 billion in 2021 to $5.08 billion in 2022 at a compound annual growth rate (CAGR) of 9.15%. The global underfloor heating market size is expected to reach $6.67 billion in 2026 at a CAGR of 7.03%.
What is the Global Underfloor Heating Market?
The underfloor heating market consists of sales of underfloor heating systems by entities (organizations, sole traders, and partnerships) that refer to systems that warm the floor or act as a primary heat source. The different types of underfloor heating systems include hydronic underfloor heating, electric underfloor heating, heating cables, heating mats, and others. Underfloor heating works by distributing a lower temperature of warm water through a circuit of pipes under the finished floor. Heat is then monitored and controlled by intelligent thermostats to maintain a consistent temperature throughout the property or individual zones. The underfloor heating systems are used by the industries, residential, commercials, and other entities.
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What drives the Global Underfloor Heating Market?
Strong government support and incentives toward the adoption of underfloor heating solutions are driving the underfloor heating market. Government institutions across the globe are providing grants and incentives for the up-gradation of existing heating systems and the adoption of renewable-source based heating systems. For instance, in 2020, the UK government launched The Green Homes Grant, which offers a financial grant of GBP 5,000 or GBP 10,000 to low-income households in the UK, that covers labour and materials costs associated with installations of heating improvements systems. These initiatives or grant schemes by governments are expected to boost the underfloor heating solutions market during the forecast period.
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Global Underfloor Heating Market Segments
The global underfloor heating market is segmented:
By Type: Hydronic Underfloor Heating, Electric Underfloor Heating
By Installation: New installations, Retrofit installations
By Application: Residential, Commercial, Institutional
By Geography: The regions covered in the underfloor heating market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Underfloor Heating Global Market Report 2022provides market size and growth forecasts for the global underfloor heating market, global underfloor heating market share, underfloor heating market segments and geographies, underfloor heating market competitive landscape including leading competitors’ revenues, profiles and market shares. The underfloor heating market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Underfloor Heating Industry Playersinclude Siemens AG, Mitsubishi Electric Corporation, Pentair plc, Emersion Electric Co, Honeywell International Inc., Uponor Corporation Amuheat, Robert Bosch GmbH, Danfoss, Schneider Electric, Uponor Corporation, Schlüter-Systems Ltd., Polypipe, SALUS North America, Hurlcon Hydronic Heating, Amuheat, ESI Heating and Cooling, and Janes Radiant. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
