Global Underfloor Heating Market Growth 2023-2029

Global Underfloor Heating Market Growth 2023-2029

Product Code:455962

Published Date: Apr 25,2023

Pages: 124

Region: Global

Category: Machinery & Equipment

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The global Underfloor Heating market size is projected to grow from US$ 4739.2 million in 2022 to US$ 6057.6 million in 2029; it is expected to grow at a CAGR of 3.6% from 2023 to 2029.

The global key manufacturers of underfloor heating are Danfoss A/S, Uponor, Nexans, Robert Bosch, Honeywell, Schneider Electric, Purmo Group, Rehau, Mitsubishi Electric and others. The largest manufacturer is Danfoss A/S, with a market share of 5%. The global origins are mainly located in North America, Europe, China, Japan, Korea, etc. Europe has the largest market with a market share of 40%. In terms of product category, electric heating holds more market share with 55%, while hydronic heating has a lower share. In terms of its applications, residential building  holds 75% of the market share and commercial accounts for 15%.

Underfloor heating (UFH) is a heating system that uses embedded pipes or Electric Underfloor Heating cables beneath a finished floor so that heat radiates steadily from floor level.

It is a form of central heating using conduction, radiation and convection. Underfloor heating (UFH)’s advantages main include two aspects: it provides better quality heating without draughts or dry air, but also that, because of its low operating temperature; it can be easily linked in with alternative heating sources that output at the same low temperatures.

In general, underfloor heating (UFH) includes two types such as hydronic UFH systems and electric UFH systems. In this report, hydronic UFH is highlighted due to the extensive application.

LPI (LP Information)' newest research report, the “Underfloor Heating Industry Forecast” looks at past sales and reviews total world Underfloor Heating sales in 2022, providing a comprehensive analysis by region and market sector of projected Underfloor Heating sales for 2023 through 2029. With Underfloor Heating sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Underfloor Heating industry.

This Insight Report provides a comprehensive analysis of the global Underfloor Heating landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Underfloor Heating portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Underfloor Heating market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Underfloor Heating and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Underfloor Heating.

This report presents a comprehensive overview, market shares, and growth opportunities of Underfloor Heating market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Hydronic Heating
    Electric Heating

Segmentation by application
    Residential Building
    Commercial Building
    Other

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Danfoss A/S
    Uponor
    Nexans
    Robert Bosch
    Honeywell
    Schneider Electric
    Purmo Group
    Rehau
    Mitsubishi Electric
    Raychem
    Resideo Technologies
    Weixing
    Emerson
    Daikin
    Rifeng
    SunTouch
    LESSO
    Warmup
    Rexva
    GF Piping
    STEP Warmfloor
    VASCO
    Arkon Heating Systems
    Flexel
    Hemstedt
    ThermoSoft

Key Questions Addressed in this Report
What is the 10-year outlook for the global Underfloor Heating market?
What factors are driving Underfloor Heating market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Underfloor Heating market opportunities vary by end market size?
How does Underfloor Heating break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?