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Underfloor Heating Market Analysis Europe, North America, APAC, South America, Middle East and Africa - US, Germany, China, UK, France - Size and Forecast 2025-2029

Underfloor Heating Market Analysis Europe, North America, APAC, South America, Middle East and Africa - US, Germany, China, UK, France - Size and Forecast 2025-2029

Published: Dec 2024 173 Pages SKU: IRTNTR72999

Market Overview at a Glance

$1.89 B
Market Opportunity
6.5%
CAGR
6.0
YoY growth 2024-2025(%)

What is the Size of Underfloor Heating Market?

The Underfloor Heating Market size is forecast to increase by USD 1.89 billion, at a CAGR of 6.5% between 2024 and 2029. The underfloor heating market is experiencing significant growth due to the rise in global construction activities, particularly in North America. This trend is driven by the increasing preference for energy-efficient and comfortable heating solutions. Advanced sensors integrated into underfloor heating systems are playing a crucial role in enhancing performance and energy efficiency. These sensors enable precise temperature control, ensuring optimal comfort while reducing energy consumption. As the demand for smarter, more efficient heating solutions grows, the incorporation of sensors in underfloor heating systems is expected to further drive market expansion, making them a popular choice in both residential and commercial construction projects. Another key factor fueling market growth is the use of crosslinked polyethylene tubing, which offers durability and resistance to damage. However, the high installation and upfront cost of underfloor heating systems remains a challenge for market growth. To mitigate this, manufacturers are focusing on developing cost-effective solutions and offering financing options to consumers. Overall, the underfloor heating market is expected to continue its growth trajectory, driven by these market trends and challenges.

What will be the size of Underfloor Heating Market during the forecast period?

Underfloor Heating Market Size

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Market Segmentation

The market report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019 - 2024 for the following segments.

  • Type
    • Hydronic underfloor heating
    • Electric underfloor heating
  • Geography
    • Europe
      • Germany
      • UK
      • France
    • North America
      • US
    • APAC
      • China
    • South America
    • Middle East and Africa

Which is the largest segment driving market growth?

The hydronic underfloor heating segment is estimated to witness significant growth during the forecast period. Underfloor heating systems, particularly hydronic types, utilize heated water or heating cables to transfer heat to the floor surface. In hydronic systems, water is circulated through tubes located beneath the floor, releasing heat via conduction. Thermostats regulate water flow to specific areas, enhancing energy efficiency. Two installation methods exist: wet and dry. Wet installations involve embedding pipes into the concrete floor slab during construction.

Underfloor Heating Market Size

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The hydronic underfloor heating segment was valued at USD 2.89 billion in 2019. Conversely, dry installations place heating elements on top of the existing floor. Heating cables, a popular alternative, heat up via electrical resistance. Radiant heating systems, including hydronic and cable types, offer low maintenance requirements, as they produce minimal dust circulation. Easy installation is another advantage, with wiring and heating elements typically requiring minimal effort. Despite their benefits, safety risks exist. Overheating can occur, leading to potential hazards. Convection heating systems, an alternative, use films to transfer heat, minimizing these risks. Both hydronic and cable underfloor heating systems provide flexible interior designs, making them increasingly popular in residential and commercial applications.

Which region is leading the market?

Underfloor Heating Market Share by Geography

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Europe is estimated to contribute 58% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Underfloor heating has gained significant traction in the construction industry, particularly in home renovations and residential building construction. In Europe, this market segment is thriving due to stringent climate conditions and government regulations aimed at reducing greenhouse gas (GHG) emissions. Countries such as the UK, Germany, France, Sweden, Russia, Iceland, Greenland, Finland, Switzerland, and Austria are major contributors to the European underfloor heating market. The European underfloor heating market is driven by various factors, including the implementation of standards like ASHRAE 90.1 and the increasing adoption of energy-efficient heating methods. Heating pipes and mat technology are popular choices for underfloor heating systems.

Additionally, advanced technologies such as geofencing are being integrated to optimize energy consumption based on occupancy and climate conditions. Government incentives, including tax credits, rebates, and subsidies, are also driving the underfloor heating market in Europe. For instance, the 2030 Climate and Energy Framework, the EU Emission Trading Scheme, and the Paris Agreement on Climate Change are significant initiatives that encourage the adoption of renewable energy sources and energy-efficient technologies. In summary, the European underfloor heating market is expected to grow steadily due to the increasing demand for energy-efficient heating solutions and government initiatives to reduce GHG emissions. The integration of advanced technologies and financial incentives further bolsters the market's growth.

How do company ranking index and market positioning come to your aid?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Danfoss AS: The company is involved in offering a wide range of heating cables such as 109025 series and 109027 series, among others, whose gross and net weight varies around 0.09 kg to handle the operating temperature of around 120 degrees Celsius.

Technavio provides the ranking index for the top 20 companies along with insights on the market positioning of: 

  • Computime Group Ltd.
  • Emerson Electric Co.
  • Flexel International Ltd.
  • Genuit Group Plc
  • Honeywell International Inc.
  • Incognito Heat Co. Ltd.
  • Jupiter Heating Systems Ltd.
  • Mitsubishi Electric Corp.
  • Nexans SA
  • nVent Electric Plc
  • Robert Bosch GmbH
  • Schneider Electric SE
  • Siemens AG
  • Speedheat Intenational
  • ThermoSoft International Corp.
  • Toshiba Corp.
  • Uponor Corp.
  • WARMup

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How can Technavio assist you in making critical decisions?

Underfloor Heating Market Size

What is the market structure and year-over-year growth of the Market?

Market structure

Fragmented

YoY growth 2024-2025

6.0

Market Dynamics

The underfloor heating market is expanding as homeowners and businesses seek energy-efficient heating solutions. Radiant floor heating systems, including electric radiant heating and hydronic heating, offer optimal thermal comfort and energy use reduction. Energy-efficient heating technologies, such as heat pump systems, geothermal heating, and solar heating, align with green building practices and renewable energy integration. Heating system design and installation focus on energy performance, building envelope optimization, and sustainable construction methods. With trends in smart heating systems, home automation, and energy-efficient appliances, underfloor heating systems are becoming part of energy-efficient building solutions. Contractors, installers, and suppliers are responding with new heating system upgrades, control systems, and efficient maintenance services. This technology ensures comfort heating, heating system safety, and cost-effectiveness while meeting building codes and energy efficiency standards. Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the primary factors driving the market growth?

Rise in global construction activities is the key factor driving the market growth. The underfloor heating market is experiencing significant growth due to the increasing construction activities in residential, commercial, and infrastructure sectors worldwide. While new infrastructure development is driving demand, replacement demand in existing buildings presents a substantial opportunity for market expansion. The global construction industry has witnessed a revival in the last five years, with economic recovery in various countries, including the US, which has a large construction industry. Traditional heating methods, such as radiators, are being replaced with underfloor heating systems for enhanced energy efficiency and improved air quality.

Further, technological advancements, including heating mats, hydronic pipes, and heating cables, have made underfloor heating systems more flexible for interior design and easier to install with low maintenance requirements. Sustainable building practices and eco-friendly heating solutions are also contributing to the market's growth. However, safety risks associated with overheating and potential dust circulation during installation must be addressed. The integration of smart home technologies, such as sensors, thermostats, and geofencing technology, is expected to further boost the market's growth. The underfloor heating market comprises various components, including manifolds, heating elements, and hydronic system components, which offer flexibility in heating methods and energy consumption. Thus, such factors are driving the growth of the market during the forecast period.

What are the significant trends being witnessed in the market?

Use of crosslinked polyethylene tubing is the primary trend shaping the market growth. Underfloor heating systems have experienced significant advancements with the integration of innovative materials and technologies. One such material is crosslinked polyethylene (PEX), which has gained traction in Europe and North America's underfloor heating markets. Additionally, sustainable building practices, including carbon emissions reduction and compliance with regulations like ASHRAE 90.1 standards, are increasingly important in residential and commercial applications. Underfloor heating systems provide several advantages over traditional radiators, such as low maintenance requirements, improved air quality by reducing dust circulation, and flexibility for interior design. Heating methods, including hydronic underfloor heating and heating cables, offer various options for heating elements and heated water systems. While installation costs for underfloor heating systems may be higher initially, the long-term energy savings and simplified installation process make it a worthwhile investment.

In conclusion, the underfloor heating market is evolving, with crosslinked PEX tubes being a significant contributor to the industry's growth. Their ease of installation, reliability, durability, safety, and energy efficiency make them an attractive choice for both residential and commercial applications. As the industry continues to innovate, underfloor heating systems will become increasingly popular, offering homeowners and businesses improved comfort, cost savings, and sustainable heating solutions. Thus, such trends will shape the growth of the market during the forecast period.

What are the major market challenges?

High Installation and upfront cost is the major challenge that impedes market growth. The underfloor heating market in the US is witnessing growth due to the increasing emphasis on energy efficiency, comfort, and sustainable building practices. Hydronic underfloor heating systems, which use embedded pipes to circulate hot water, are gaining popularity for their enhanced energy efficiency and low maintenance requirements. These systems offer temperature control, eliminating cold spots and drafts, and are compatible with various flooring types, making them suitable for home renovations and new residential building construction. Technological advancements, such as heating mats, films, and heating cables, have simplified installation and reduced wiring and installation costs.

However, the high initial investment and installation costs remain a significant challenge for market growth. The integration of smart home technologies, such as geofencing and sensors, and the retrofitting of existing systems with manifolds and integrated system solutions, are expected to address these challenges and expand the market. The underfloor heating market also aligns with Ashrae 90.1 standards for energy efficiency and climate conditions, making it an attractive heating solution for both residential and commercial applications. Despite the initial investment, the long-term energy savings and eco-friendly heating solutions make underfloor heating a worthwhile investment for homeowners and builders. Hence, the above factors will impede the growth of the market during the forecast period.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. The market forecast report focuses on adoption rates in different regions based on penetration and market trends. Furthermore, the market research and growth report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Underfloor Heating Market Share by Geography

 Customer Landscape

Market Analyst Overview

The underfloor heating market is witnessing significant growth due to the increasing demand for sustainable and energy-efficient heating solutions. This type of heating system is gaining popularity among homeowners and builders alike, particularly in residential applications. Hydronic underfloor heating systems utilize pipes embedded in the floor to circulate hot water, providing uniform heat distribution and improved comfort levels. These systems offer enhanced energy efficiency compared to traditional radiators, which can lead to substantial energy savings. Technological advancements have played a crucial role in the growth of the underfloor heating market. Heating cables and mats have emerged as viable alternatives to hydronic systems, offering easy installation and low maintenance requirements.

Moreover, the integration of smart home technologies, such as thermostats, geofencing, and sensors, has made underfloor heating systems more flexible and user-friendly. Air quality is another factor driving the growth of the underfloor heating market. Unlike traditional radiators, which can circulate dust and allergens, underfloor heating systems do not rely on convection or radiation to distribute heat. This makes them an attractive option for those seeking to improve indoor air quality, particularly in homes with sensitive occupants. The renovation market also presents a significant opportunity for underfloor heating. Retrofitting existing homes with underfloor heating systems can be an effective way to enhance energy efficiency and reduce heating costs. Moreover, the flexibility of underfloor heating systems allows for easy integration with various flooring types, making them a popular choice for home renovation projects. Sustainable building practices are another trend influencing the underfloor heating market. Underfloor heating systems offer eco-friendly heating solutions that align with Ashrae 90.1 standards and contribute to reducing carbon emissions.

Furthermore, underfloor heating systems can be integrated with solar panels and other renewable energy sources, making them a viable option for green building projects. Despite the numerous benefits, underfloor heating systems come with certain challenges. Safety risks associated with hydronic systems, such as overheating and leaks, require careful installation and maintenance.

Moreover, the installation costs of underfloor heating systems can be higher than traditional radiators, particularly for retrofit installations. In conclusion, the underfloor heating market is poised for continued growth due to its energy efficiency, improved comfort levels, and alignment with sustainable building practices. However, challenges such as safety risks and installation costs must be addressed to fully realize the potential of this heating solution. As the industry continues to evolve, we can expect to see further technological advancements and innovative solutions that address these challenges and enhance the overall value proposition of underfloor heating systems.

Market Scope

Report Coverage

Details

Page number

173

Base year

2024

Historic period

2019 - 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 6.5%

Market growth 2025-2029

USD 1.89 billion

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 58%

Key countries

US, Germany, China, UK, and France

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Computime Group Ltd., Danfoss AS, Emerson Electric Co., Flexel International Ltd., Genuit Group Plc, Honeywell International Inc., Incognito Heat Co. Ltd., Jupiter Heating Systems Ltd., Mitsubishi Electric Corp., Nexans SA, nVent Electric Plc, Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Speedheat Intenational, ThermoSoft International Corp., Toshiba Corp., Uponor Corp., and WARMup

Market Segmentation

Type (Hydronic underfloor heating and Electric underfloor heating) and Geography (Europe, North America, APAC, South America, and Middle East and Africa)

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2025 and 2029
  • Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming market growth and trends and changes in consumer behavior
  • Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough analysis of the market's competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

1 Executive Summary

  • 1.1 Market overview
    • Executive Summary - Chart on Market Overview
    • Executive Summary - Data Table on Market Overview
    • Executive Summary - Chart on Global Market Characteristics
    • Executive Summary - Chart on Market by Geography
    • Executive Summary - Chart on Market Segmentation by Type
    • Executive Summary - Chart on Incremental Growth
    • Executive Summary - Data Table on Incremental Growth
    • Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

  • 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
    • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • 2.2 Criticality of inputs and Factors of differentiation
    • Overview on criticality of inputs and factors of differentiation
  • 2.3 Factors of disruption
    • Overview on factors of disruption
  • 2.4 Impact of drivers and challenges
    • Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

  • 3.1 Market ecosystem
    • Parent Market
    • Data Table on - Parent Market
  • 3.2 Market characteristics
    • Market characteristics analysis
  • 3.3 Value chain analysis
    • Value chain analysis

4 Market Sizing

  • 4.1 Market definition
    • Offerings of companies included in the market definition
  • 4.2 Market segment analysis
    • Market segments
  • 4.3 Market size 2024
    • 4.4 Market outlook: Forecast for 2024-2029
      • Chart on Global - Market size and forecast 2024-2029 ($ million)
      • Data Table on Global - Market size and forecast 2024-2029 ($ million)
      • Chart on Global Market: Year-over-year growth 2024-2029 (%)
      • Data Table on Global Market: Year-over-year growth 2024-2029 (%)

    5 Historic Market Size

    • 5.1 Global Underfloor Heating Market 2019 - 2023
      • Historic Market Size - Data Table on Global Underfloor Heating Market 2019 - 2023 ($ million)
    • 5.2 Type segment analysis 2019 - 2023
      • Historic Market Size - Type Segment 2019 - 2023 ($ million)
    • 5.3 Geography segment analysis 2019 - 2023
      • Historic Market Size - Geography Segment 2019 - 2023 ($ million)
    • 5.4 Country segment analysis 2019 - 2023
      • Historic Market Size - Country Segment 2019 - 2023 ($ million)

    6 Qualitative Analysis

    • 6.1 Impact of AI on Global Underfloor Heating Market

      7 Five Forces Analysis

      • 7.1 Five forces summary
        • Five forces analysis - Comparison between 2024 and 2029
      • 7.2 Bargaining power of buyers
        • Bargaining power of buyers - Impact of key factors 2024 and 2029
      • 7.3 Bargaining power of suppliers
        • Bargaining power of suppliers - Impact of key factors in 2024 and 2029
      • 7.4 Threat of new entrants
        • Threat of new entrants - Impact of key factors in 2024 and 2029
      • 7.5 Threat of substitutes
        • Threat of substitutes - Impact of key factors in 2024 and 2029
      • 7.6 Threat of rivalry
        • Threat of rivalry - Impact of key factors in 2024 and 2029
      • 7.7 Market condition
        • Chart on Market condition - Five forces 2024 and 2029

      8 Market Segmentation by Type

      • 8.1 Market segments
        • Chart on Type - Market share 2024-2029 (%)
        • Data Table on Type - Market share 2024-2029 (%)
      • 8.2 Comparison by Type
        • Chart on Comparison by Type
        • Data Table on Comparison by Type
      • 8.3 Hydronic underfloor heating - Market size and forecast 2024-2029
        • Chart on Hydronic underfloor heating - Market size and forecast 2024-2029 ($ million)
        • Data Table on Hydronic underfloor heating - Market size and forecast 2024-2029 ($ million)
        • Chart on Hydronic underfloor heating - Year-over-year growth 2024-2029 (%)
        • Data Table on Hydronic underfloor heating - Year-over-year growth 2024-2029 (%)
      • 8.4 Electric underfloor heating - Market size and forecast 2024-2029
        • Chart on Electric underfloor heating - Market size and forecast 2024-2029 ($ million)
        • Data Table on Electric underfloor heating - Market size and forecast 2024-2029 ($ million)
        • Chart on Electric underfloor heating - Year-over-year growth 2024-2029 (%)
        • Data Table on Electric underfloor heating - Year-over-year growth 2024-2029 (%)
      • 8.5 Market opportunity by Type
        • Market opportunity by Type ($ million)
        • Data Table on Market opportunity by Type ($ million)

      9 Customer Landscape

      • 9.1 Customer landscape overview
        • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

      10 Geographic Landscape

      • 10.1 Geographic segmentation
        • Chart on Market share by geography 2024-2029 (%)
        • Data Table on Market share by geography 2024-2029 (%)
      • 10.2 Geographic comparison
        • Chart on Geographic comparison
        • Data Table on Geographic comparison
      • 10.3 Europe - Market size and forecast 2024-2029
        • Chart on Europe - Market size and forecast 2024-2029 ($ million)
        • Data Table on Europe - Market size and forecast 2024-2029 ($ million)
        • Chart on Europe - Year-over-year growth 2024-2029 (%)
        • Data Table on Europe - Year-over-year growth 2024-2029 (%)
      • 10.4 North America - Market size and forecast 2024-2029
        • Chart on North America - Market size and forecast 2024-2029 ($ million)
        • Data Table on North America - Market size and forecast 2024-2029 ($ million)
        • Chart on North America - Year-over-year growth 2024-2029 (%)
        • Data Table on North America - Year-over-year growth 2024-2029 (%)
      • 10.5 APAC - Market size and forecast 2024-2029
        • Chart on APAC - Market size and forecast 2024-2029 ($ million)
        • Data Table on APAC - Market size and forecast 2024-2029 ($ million)
        • Chart on APAC - Year-over-year growth 2024-2029 (%)
        • Data Table on APAC - Year-over-year growth 2024-2029 (%)
      • 10.6 South America - Market size and forecast 2024-2029
        • Chart on South America - Market size and forecast 2024-2029 ($ million)
        • Data Table on South America - Market size and forecast 2024-2029 ($ million)
        • Chart on South America - Year-over-year growth 2024-2029 (%)
        • Data Table on South America - Year-over-year growth 2024-2029 (%)
      • 10.7 Middle East and Africa - Market size and forecast 2024-2029
        • Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
        • Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
        • Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
        • Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
      • 10.8 US - Market size and forecast 2024-2029
        • Chart on US - Market size and forecast 2024-2029 ($ million)
        • Data Table on US - Market size and forecast 2024-2029 ($ million)
        • Chart on US - Year-over-year growth 2024-2029 (%)
        • Data Table on US - Year-over-year growth 2024-2029 (%)
      • 10.9 Germany - Market size and forecast 2024-2029
        • Chart on Germany - Market size and forecast 2024-2029 ($ million)
        • Data Table on Germany - Market size and forecast 2024-2029 ($ million)
        • Chart on Germany - Year-over-year growth 2024-2029 (%)
        • Data Table on Germany - Year-over-year growth 2024-2029 (%)
      • 10.10 China - Market size and forecast 2024-2029
        • Chart on China - Market size and forecast 2024-2029 ($ million)
        • Data Table on China - Market size and forecast 2024-2029 ($ million)
        • Chart on China - Year-over-year growth 2024-2029 (%)
        • Data Table on China - Year-over-year growth 2024-2029 (%)
      • 10.11 UK - Market size and forecast 2024-2029
        • Chart on UK - Market size and forecast 2024-2029 ($ million)
        • Data Table on UK - Market size and forecast 2024-2029 ($ million)
        • Chart on UK - Year-over-year growth 2024-2029 (%)
        • Data Table on UK - Year-over-year growth 2024-2029 (%)
      • 10.12 France - Market size and forecast 2024-2029
        • Chart on France - Market size and forecast 2024-2029 ($ million)
        • Data Table on France - Market size and forecast 2024-2029 ($ million)
        • Chart on France - Year-over-year growth 2024-2029 (%)
        • Data Table on France - Year-over-year growth 2024-2029 (%)
      • 10.13 India - Market size and forecast 2024-2029
        • Chart on India - Market size and forecast 2024-2029 ($ million)
        • Data Table on India - Market size and forecast 2024-2029 ($ million)
        • Chart on India - Year-over-year growth 2024-2029 (%)
        • Data Table on India - Year-over-year growth 2024-2029 (%)
      • 10.14 Canada - Market size and forecast 2024-2029
        • Chart on Canada - Market size and forecast 2024-2029 ($ million)
        • Data Table on Canada - Market size and forecast 2024-2029 ($ million)
        • Chart on Canada - Year-over-year growth 2024-2029 (%)
        • Data Table on Canada - Year-over-year growth 2024-2029 (%)
      • 10.15 Japan - Market size and forecast 2024-2029
        • Chart on Japan - Market size and forecast 2024-2029 ($ million)
        • Data Table on Japan - Market size and forecast 2024-2029 ($ million)
        • Chart on Japan - Year-over-year growth 2024-2029 (%)
        • Data Table on Japan - Year-over-year growth 2024-2029 (%)
      • 10.16 Brazil - Market size and forecast 2024-2029
        • Chart on Brazil - Market size and forecast 2024-2029 ($ million)
        • Data Table on Brazil - Market size and forecast 2024-2029 ($ million)
        • Chart on Brazil - Year-over-year growth 2024-2029 (%)
        • Data Table on Brazil - Year-over-year growth 2024-2029 (%)
      • 10.17 Saudi Arabia - Market size and forecast 2024-2029
        • Chart on Saudi Arabia - Market size and forecast 2024-2029 ($ million)
        • Data Table on Saudi Arabia - Market size and forecast 2024-2029 ($ million)
        • Chart on Saudi Arabia - Year-over-year growth 2024-2029 (%)
        • Data Table on Saudi Arabia - Year-over-year growth 2024-2029 (%)
      • 10.18 Market opportunity by geography
        • Market opportunity by geography ($ million)
        • Data Tables on Market opportunity by geography ($ million)

      11 Drivers, Challenges, and Opportunity/Restraints

      • 11.1 Market drivers
        • 11.2 Market challenges
          • 11.3 Impact of drivers and challenges
            • Impact of drivers and challenges in 2024 and 2029
          • 11.4 Market opportunities/restraints

            12 Competitive Landscape

            • 12.1 Overview
              • 12.2 Competitive Landscape
                • Overview on criticality of inputs and factors of differentiation
              • 12.3 Landscape disruption
                • Overview on factors of disruption
              • 12.4 Industry risks
                • Impact of key risks on business

              13 Competitive Analysis

              • 13.1 Companies profiled
                • Companies covered
              • 13.2 Company ranking index
                • Company ranking index
              • 13.3 Market positioning of companies
                • Matrix on companies position and classification
              • 13.4 Danfoss AS
                • Danfoss AS - Overview
                • Danfoss AS - Product / Service
                • Danfoss AS - Key offerings
                • SWOT
              • 13.5 Emerson Electric Co.
                • Emerson Electric Co. - Overview
                • Emerson Electric Co. - Business segments
                • Emerson Electric Co. - Key news
                • Emerson Electric Co. - Key offerings
                • Emerson Electric Co. - Segment focus
                • SWOT
              • 13.6 Honeywell International Inc.
                • Honeywell International Inc. - Overview
                • Honeywell International Inc. - Business segments
                • Honeywell International Inc. - Key news
                • Honeywell International Inc. - Key offerings
                • Honeywell International Inc. - Segment focus
                • SWOT
              • 13.7 Incognito Heat Co. Ltd.
                • Incognito Heat Co. Ltd. - Overview
                • Incognito Heat Co. Ltd. - Product / Service
                • Incognito Heat Co. Ltd. - Key offerings
                • SWOT
              • 13.8 Mitsubishi Electric Corp.
                • Mitsubishi Electric Corp. - Overview
                • Mitsubishi Electric Corp. - Business segments
                • Mitsubishi Electric Corp. - Key offerings
                • Mitsubishi Electric Corp. - Segment focus
                • SWOT
              • 13.9 Robert Bosch GmbH
                • Robert Bosch GmbH - Overview
                • Robert Bosch GmbH - Product / Service
                • Robert Bosch GmbH - Key news
                • Robert Bosch GmbH - Key offerings
                • SWOT
              • 13.10 Schneider Electric SE
                • Schneider Electric SE - Overview
                • Schneider Electric SE - Business segments
                • Schneider Electric SE - Key news
                • Schneider Electric SE - Key offerings
                • Schneider Electric SE - Segment focus
                • SWOT
              • 13.11 Siemens AG
                • Siemens AG - Overview
                • Siemens AG - Business segments
                • Siemens AG - Key news
                • Siemens AG - Key offerings
                • Siemens AG - Segment focus
                • SWOT
              • 13.12 Toshiba Corp.
                • Toshiba Corp. - Overview
                • Toshiba Corp. - Business segments
                • Toshiba Corp. - Key news
                • Toshiba Corp. - Key offerings
                • Toshiba Corp. - Segment focus
                • SWOT
              • 13.13 Uponor Corp.
                • Uponor Corp. - Overview
                • Uponor Corp. - Business segments
                • Uponor Corp. - Key offerings
                • Uponor Corp. - Segment focus
                • SWOT

              14 Appendix

              • 14.1 Scope of the report
                • 14.2 Inclusions and exclusions checklist
                  • Inclusions checklist
                  • Exclusions checklist
                • 14.3 Currency conversion rates for US$
                  • Currency conversion rates for US$
                • 14.4 Research methodology
                  • Research methodology
                • 14.5 Data procurement
                  • Information sources
                • 14.6 Data validation
                  • Data validation
                • 14.7 Validation techniques employed for market sizing
                  • Validation techniques employed for market sizing
                • 14.8 Data synthesis
                  • Data synthesis
                • 14.9 360 degree market analysis
                  • 360 degree market analysis
                • 14.10 List of abbreviations
                  • List of abbreviations

                Research Methodology

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                Frequently Asked Questions

                Underfloor Heating market growth will increase by $ 1892.5 mn during 2025-2029 .

                The Underfloor Heating market is expected to grow at a CAGR of 6.5% during 2025-2029 .

                Underfloor Heating market is segmented by Type( Hydronic underfloor heating, Electric underfloor heating)

                Computime Group Ltd., Danfoss AS, Emerson Electric Co., Flexel International Ltd., Genuit Group Plc, Honeywell International Inc., Incognito Heat Co. Ltd., Jupiter Heating Systems Ltd., Mitsubishi Electric Corp., Nexans SA, nVent Electric Plc, Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Speedheat Intenational, ThermoSoft International Corp., Toshiba Corp., Uponor Corp., WARMup are a few of the key vendors in the Underfloor Heating market.

                Europe will register the highest growth rate of 58% among the other regions. Therefore, the Underfloor Heating market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.

                US, Germany, China, UK, France

                • Rise in global construction activitiesThe growth in residential is the driving factor this market.
                • commercial is the driving factor this market.
                • and infrastructure construction activities around the world is one of the major factors that is expected to impact the demand for underfloor heating systems and components during the forecast period. Although the demand for underfloor heating is expected to rise mostly from the construction of new infrastructure is the driving factor this market.
                • replacement demand in existing buildings is expected to present a significant opportunity for growth is the driving factor this market.
                • as a significant number of new buildings will adopt underfloor heating systems. There has been an uptick in global construction activities during the past five years is the driving factor this market.
                • driven by economic recovery in several countries. The construction industry witnessed a steep decline when the economic recession hit several countries in 2008 is the driving factor this market.
                • especially countries such as the US is the driving factor this market.
                • which has one of the biggest construction industries globally. However is the driving factor this market.
                • the global construction industry has witnessed a steady recovery since 2011.The majority of the growth in the global construction industry is expected to arise from countries in APAC is the driving factor this market.
                • North America is the driving factor this market.
                • and the Middle East is the driving factor this market.
                • which will boost the demand for underfloor heating systems. The US is expected to be one of the key markets for underfloor heating due to the increase in construction activities. The growth of the real estate industry in the US has brought about an increase in the number of office spaces is the driving factor this market.
                • commercial complexes is the driving factor this market.
                • and residential buildings. The country is currently witnessing a construction boom is the driving factor this market.
                • led by the demand for new residential housing as well as the prevailing low unemployment rate. In APAC is the driving factor this market.
                • the growth of the construction industry is expected to be driven mainly by India is the driving factor this market.
                • China is the driving factor this market.
                • and Japan is the driving factor this market.
                • as well as several other emerging Asian nations is the driving factor this market.
                • such as Indonesia is the driving factor this market.
                • Malaysia is the driving factor this market.
                • Vietnam is the driving factor this market.
                • and Thailand. Countries in Asia lag behind considerably in new housing constructions due to the high population growth rate and rapid urbanization. Thus is the driving factor this market.
                • these countries are expected to invest significantly in constructing new housing and commercial buildings and infrastructure to meet the requirements of the growing population and development challenges. Thereby is the driving factor this market.
                • the rise in global construction activities is expected to propel the global market for underfloor heating considerably during the forecast period. is the driving factor this market.

                The Underfloor Heating market vendors should focus on grabbing business opportunities from the Hydronic underfloor heating segment as it accounted for the largest market share in the base year.