Underfloor Heating Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Hydronic, Electric), By Installation (New Installation, Retrofit), By End User (Commercial, Residential, Industrial), And By Geography - Forecasts From 2021 To 2026

Published: May 2021 | Report Code:  KSI061610208 | Pages:  129

The underfloor heating market is expected to grow at a compound annual growth rate of 7.27% over the forecast period to reach a market size of US$6.716 billion in 2026 from US$4.110 billion in 2019. Underfloor Heaters are devices that are used to control the thermal temperature of a room or area. These heaters use heat radiations from heating elements to control the temperature.

The elements could be walls, floor, or overheated panels, that covers the area, evenly heating it as per preference and requisites. The primer factors which are driving the market growth include growing demand for renewable energy and growing awareness about the benefits of the technology. However, the involvement of highly skilled workers may hinder the market growth. 

The residential segment is anticipated to grow at a significant rate during the forecasted period.

The prime driver contributing to the growth of the underfloor heating market is skyrocketing construction industry. The construction industry is surging owing to the increasing demand for accommodation and renovation. The global construction industry was valued at $12,744 billion in the year 2019. The booming world population is the key factor leading to such exponential growth in the industry. Moreover, urbanization and the adoption of technology in building structures, such as underfloor heating, will increase the demand for the underfloor heating market. Further, development and redevelopment projects will have a significant impact. The Indian government, for instance, has recognized 99 cities that have the potential to be converted into smart cities and hence is working on their development. This would include the construction of smart buildings, that involve upgraded technologies.

Based on the end-user industry, the market for underfloor heating is segmented into residential, commercial, and industrial. The residential sector is anticipated to grow at an exponential rate during the forecasted period and dominate the market owing to the growing demand for residential accommodation and government support. Reconstruction and renovation of residential buildings will also play a significant role in market growth. The Chinese government, for instance, has sanctioned the US$ 55 billion for the reconstruction of Shantytown, that inhabits 6 million residential building. The surging world population, which is expected to reach 9.9 billion by 2050, will have a prime role. Moreover, the growing demand for smart homes will surge the market size of underfloor heating.

The hospitality and leisure industry has a significant impact on the market size and growth. Growing travel and tourism enthusiasm will increase demand for smart hospitality and hotels for a better stay experience. Internationally, 1.5 billion tourist arrival was reported by the World Trade Organization, and except the year 2020, is estimated to grow at 3% to 4% annually. Moreover, increased investment in the industry further supports the market for underfloor heating devices. The sector is also receiving support from the government which will boost its growth. A rise in tourism will significantly impact the underfloor heating market. 

underfloor heating market

Constraints facing Underfloor Heating market

Major hindrances faced by the Underfloor Heating market is the availability of a highly-skilled workforce. Underfloor heating devices construction, installation, and maintenance involve highly complex systems and devices to be handled by a highly-skilled workforce. A skilled workforce is required at every level of the value chain, resulting in the addition of cost at each level. Moreover, maintenance of the device is high and costs quite a sum. This may discourage small and medium enterprises to employ the heating system, hence restraining the market growth and opportunities.

The European region will have a dominating share of the market during the forecasted period

Based on geography, the market for underfloor heating devices is segmented into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific regions. The European region is estimated to grow at an exponential rate and hold dominating market share owing to an extremely cold condition in all parts of the region. Many countries have such severely harsh weather conditions that they require heating devices throughout the year. Moreover, raised awareness regarding energy efficiency and greenhouse impact involves the employment of energy-efficient devices, which will boost the market growth.

The North American region is also estimated to employ a noteworthy market share, owning to their state-of-art infrastructure. The Asia Pacific region is anticipated to grow at a significant rate with the growing tourism industry.

underfloor heating market

Covid pandemic and Underfloor Heating industry

The coronavirus pandemic had a severe impact on the Underfloor Heating industry. The pandemic resulted in a nationwide lockdown and halt in the construction industry. Moreover, raised safety and sanitation standards have redirected reconstruction and redevelopment expenditure of private commercial individuals and firms towards the same, and away from luxury comfort devices such as underfloor heating devices. The national shutdown had a severe economic and business impact with a halt in businesses, especially the hospitality and tourism industry. This has weakened the industry resulting in the reduction of expenditure on technology enhancement. Of all, a halt in construction activities had the most severe impact. 

Underfloor Heating Market Scope:

Report Metric Details
 The market size value in 2019  US$4.110 billion
 The market size value in 2026  US$6.716 billion
 Growth Rate  CAGR of 7.27% from 2019 to 2026
 Base year  2019
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Installation, End-Users, And Geography
 Regions covered  North America, South America, Europe, Middle East, and Africa, Asia Pacific
 Companies covered  Pentair PLC, Mitsubishi Electric, Uponor Corporation, Honeywell Electronics, Danfoss   A/S, Schneider Electric SE, Nexan SA, Robert Bosh GmbH, Emerson Electronic
 Customization scope  Free report customization with purchase.


  • By Type
    • Hydronic
    • Electric
  • By Installation
    • New Installation
    • Retrofit
  • By End-Users
    • Commercial
      • Travel and Transport
      • Hospitality and leisure
      • Healthcare
      • Others
    • Residential
    • Industrial
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • South Africa
      • Others
    • Europe
      • Germany
      • France
      • Spain
      • United Kingdom
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the underfloor heating market size by 2026?
A1. The underfloor heating market is expected to reach a market size of US$6.716 billion by 2026.

Q2. What is the size of the global underfloor heating market?
A2. The underfloor heating market was valued at US$4.110 billion in the year 2019.

Q3. What are the growth prospects for the underfloor heating market?
A3. The global underfloor heating market is expected to grow at a CAGR of 7.27% over the forecast period.

Q4. Which region holds the largest market share in the underfloor heating market?
A4. The European region is estimated to grow at an exponential rate and hold dominating market share owing to an extremely cold condition in all parts of the region.

Q5. What factors are anticipated to drive the underfloor heating market growth?
A5. The prime factors which are driving the underfloor heating market growth include growing demand for renewable energy and growing awareness about the benefits of the technology.


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