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Underfloor Heating Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Mar 2022
  • Pages: 120
  • SKU: IRTNTR72999
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The underfloor heating market share is expected to increase by USD 1.62 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.21%.

This underfloor heating market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers underfloor heating market segmentations by type (hydronic underfloor heating and electric underfloor heating) and geography (Europe, North America, APAC, South America, and Middle East and Africa). The underfloor heating market report also offers information on several market vendors, including 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, Purmo Group Plc, Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Speedheat Intenational, ThermoSoft International Corp., Toshiba Corp., Uponor Corp., and WARMup among others.

What will the Underfloor Heating Market Size be During the Forecast Period?

Underfloor Heating Market Size

Download the Free Report Sample to Unlock the Underfloor Heating Market Size for the Forecast Period and Other Important Statistics

 

Underfloor Heating Market: Key Drivers, Trends, and Challenges

The rise in global construction activities is notably driving the underfloor heating market growth, although factors such as high installation and upfront cost may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the underfloor heating industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Underfloor Heating Market Driver

The rise in global construction activities is one of the key drivers supporting the underfloor heating market growth. For instance, in APAC, the growth of the construction industry is expected to be driven mainly by India, China, and Japan, as well as several other emerging Asian nations. Countries in Asia lag behind considerably in new housing constructions due to the high population growth rate and rapid urbanization. Thus, 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 developmental challenges. Therefore, the rise in global construction activities is expected to propel the global market for underfloor heating considerably during the forecast period.

Key Underfloor Heating Market Trend

The use of crosslinked polyethylene tubing is one of the key underfloor heating market trends that is contributing to the market growth. Crosslinked polyethylene possesses a molecular bond that is three-dimensional in nature and is formed by the crosslinking of polymer chains. This process changes the chemical structure of polyethylene. These crosslinks enhance the physical and chemical properties of the material, making it lightweight and strong. The lifespan of crosslinked polyethylene tubes is higher, which makes it the preferred choice among manufacturers of underfloor heating systems to provide them. Moreover, the installation of crosslinked polyethylene tubes is easy. Hence, all these factors lead to cost advantages over other conventional tubing and piping systems, and thereby, the increasing adoption of crosslinked polyethylene tubes is one of the key trends in the market.

Key Underfloor Heating Market Challenge

High installation and upfront cost is one of the factors hindering the underfloor heating market growth. Most underfloor heating technologies are considerably more expensive than conventional HVAC systems and components in terms of installation and the upfront cost. Although they can provide significant energy savings, the breakeven period for the return on the initial investment can be significantly longer. Even with the subsidies available for the installation of underfloor heating systems in some countries, the initial cost still remains significantly higher than conventional HVAC systems and components. Thus, the higher cost of underfloor heating systems may be a big challenge among people who are extremely price-sensitive, especially in emerging economies, which is hindering the market growth.

This underfloor heating market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global underfloor heating market as a part of the global construction and engineering market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the underfloor heating market during the forecast period.

Who are the Major Underfloor Heating Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • 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
  • Purmo Group Plc
  • Robert Bosch GmbH
  • Schneider Electric SE
  • Siemens AG
  • Speedheat Intenational
  • ThermoSoft International Corp.
  • Toshiba Corp.
  • Uponor Corp.
  • WARMup

 

This statistical study of the underfloor heating market encompasses successful business strategies deployed by the key vendors. The underfloor heating market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Danfoss AS - Through the Danfoss drives segment, the company offers low- and medium-voltage AC drives, power modules, and stacks for several industries. 
  • Danfoss AS - The company is involved in offering wide range of heating cables such as 109025 series, 109027 series among others whose gross and net weight varies around 0.09 kg to handle the operatng temperature of around 120 degree celcius with 5 years of warranty. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The underfloor heating market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Underfloor Heating Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the underfloor heating market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Underfloor Heating Market?

Underfloor Heating Market Market segmentation by region

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45% of the market's growth will originate from Europe during the forecast period. Germany, the UK, and France are the key markets for the underfloor heating market in Europe. Market growth in this region will be faster than the growth of the market in other regions.

The rise in government regulations to reduce GHG emissions will facilitate the underfloor heating market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 reduced the sales of underfloor heating in the region, as the manufacturing units were closed in H1 2020.  However, various construction activities resumed from Q4 2020 in the region, which, in turn, is expected to increase the demand for underfloor heating and will drive the growth of the regional market in focus during the forecast period.

What are the Revenue-generating Type Segments in the Underfloor Heating Market?

Underfloor Heating Market Segmentation

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The underfloor heating market share growth by the hydronic underfloor heating segment will be significant during the forecast period. In hydronic underfloor heating systems, crosslinked polyethylene tubes are mainly used for the flow of fluids. These tubes do not corrode and offer a longer lifespan than metal or other plastic tubes. Moreover, the cost of installing hydronic underfloor heating systems is less than that of electric underfloor heating. Hydronic underfloor heating can use heat from different sources, including geothermal, solar electrical energy, heat pump, or boilers, using different types of fuel. Hence, hydronic underfloor heating systems not only involve a much lower cost than electric underfloor heating systems but are also more energy-efficient. Such factors will drive the segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the underfloor heating market size and actionable market insights on post COVID-19 impact on each segment.

 

Underfloor Heating Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.21%

Market growth 2022-2026

$ 1.62 billion

Market structure

Fragmented

YoY growth (%)

5.54

Regional analysis

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

Performing market contribution

Europe at 45%

Key consumer countries

US, China, Germany, UK, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

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, Purmo Group Plc, Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Speedheat Intenational, ThermoSoft International Corp., Toshiba Corp., Uponor Corp., and WARMup

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

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What are the Key Data Covered in this Underfloor Heating Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive underfloor heating market growth during the next five years
  • Precise estimation of the underfloor heating market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the underfloor heating industry across Europe, North America, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of underfloor heating market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Hydronic underfloor heating - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Hydronic underfloor heating - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Hydronic underfloor heating - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Hydronic underfloor heating - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Hydronic underfloor heating - Year-over-year growth 2021-2026 (%)
    • 5.4 Electric underfloor heating - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Electric underfloor heating - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Electric underfloor heating - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Electric underfloor heating - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Electric underfloor heating - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Type
      • Exhibit 36: Market opportunity by Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 Europe - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Germany - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 France - Market size and forecast 2021-2026
      • Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Danfoss AS
              • Exhibit 89: Danfoss AS - Overview
              • Exhibit 90: Danfoss AS - Business segments
              • Exhibit 91: Danfoss AS - Key news
              • Exhibit 92: Danfoss AS - Key offerings
              • Exhibit 93: Danfoss AS - Segment focus
            • 10.4 Emerson Electric Co.
              • Exhibit 94: Emerson Electric Co. - Overview
              • Exhibit 95: Emerson Electric Co. - Business segments
              • Exhibit 96: Emerson Electric Co. - Key news
              • Exhibit 97: Emerson Electric Co. - Key offerings
              • Exhibit 98: Emerson Electric Co. - Segment focus
            • 10.5 Honeywell International Inc.
              • Exhibit 99: Honeywell International Inc. - Overview
              • Exhibit 100: Honeywell International Inc. - Business segments
              • Exhibit 101: Honeywell International Inc. - Key news
              • Exhibit 102: Honeywell International Inc. - Key offerings
              • Exhibit 103: Honeywell International Inc. - Segment focus
            • 10.6 Incognito Heat Co. Ltd.
              • Exhibit 104: Incognito Heat Co. Ltd. - Overview
              • Exhibit 105: Incognito Heat Co. Ltd. - Product / Service
              • Exhibit 106: Incognito Heat Co. Ltd. - Key news
              • Exhibit 107: Incognito Heat Co. Ltd. - Key offerings
            • 10.7 Mitsubishi Electric Corp.
              • Exhibit 108: Mitsubishi Electric Corp. - Overview
              • Exhibit 109: Mitsubishi Electric Corp. - Business segments
              • Exhibit 110: Mitsubishi Electric Corp. - Key news
              • Exhibit 111: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 112: Mitsubishi Electric Corp. - Segment focus
            • 10.8 Robert Bosch GmbH
              • Exhibit 113: Robert Bosch GmbH - Overview
              • Exhibit 114: Robert Bosch GmbH - Business segments
              • Exhibit 115: Robert Bosch GmbH - Key news
              • Exhibit 116: Robert Bosch GmbH - Key offerings
              • Exhibit 117: Robert Bosch GmbH - Segment focus
            • 10.9 Schneider Electric SE
              • Exhibit 118: Schneider Electric SE - Overview
              • Exhibit 119: Schneider Electric SE - Business segments
              • Exhibit 120: Schneider Electric SE - Key news
              • Exhibit 121: Schneider Electric SE - Key offerings
              • Exhibit 122: Schneider Electric SE - Segment focus
            • 10.10 Siemens AG
              • Exhibit 123: Siemens AG - Overview
              • Exhibit 124: Siemens AG - Business segments
              • Exhibit 125: Siemens AG - Key news
              • Exhibit 126: Siemens AG - Key offerings
              • Exhibit 127: Siemens AG - Segment focus
            • 10.11 Toshiba Corp.
              • Exhibit 128: Toshiba Corp. - Overview
              • Exhibit 129: Toshiba Corp. - Business segments
              • Exhibit 130: Toshiba Corp. - Key news
              • Exhibit 131: Toshiba Corp. - Key offerings
              • Exhibit 132: Toshiba Corp. - Segment focus
            • 10.12 Uponor Corp.
              • Exhibit 133: Uponor Corp. - Overview
              • Exhibit 134: Uponor Corp. - Business segments
              • Exhibit 135: Uponor Corp. - Key news
              • Exhibit 136: Uponor Corp. - Key offerings
              • Exhibit 137: Uponor Corp. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 138: Inclusions checklist
                • Exhibit 139: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 140: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 141: Research methodology
                • Exhibit 142: Validation techniques employed for market sizing
                • Exhibit 143: Information sources
              • 11.5 List of abbreviations
                • Exhibit 144: List of abbreviations
              • sector growth, including aviation and railroad: The global demand for air travel is increasing rapidly. Most of the developing countries such as China, India, Brazil, Vietnam, and Indonesia account for a large part of the growth of global air passenger traffic. This is leading to increased investment in the expansion of airports to increase their air traffic and passenger handling capacities. Apart from this, many regional airports and airstrips are being constructed to cater to regional demand for air travel. By 2026, global air passenger traffic is expected to see an increase of 50% over 2021. Thus, investments in the expansion of existing airports, construction of new airports, and airstrips will continue to increase during the forecast period.

                Research Framework

                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.

                TechnavioINFORMATION 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
                Technavio

                TechnavioDATA 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
                Technavio

                TechnavioREPORT 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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                Underfloor Heating market growth will increase by $1623.55 million during 2022-2026.
                The underfloor heating market is expected to grow at a CAGR of 6.21% during 2022-2026.
                Technavio has segmented the underfloor heating market by type (Hydronic underfloor heating and Electric underfloor heating) and geographic (Europe, North America, APAC, South America, and Middle East and Africa).
                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, Purmo Group 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 45.15% 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.
                The key factors driving the underfloor heating market growth are:
                • Rise in global construction activities
                • Use of crosslinked polyethylene tubing
                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.
                • What are the key global market and the regional market share?
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                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?
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