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The Global Underfloor Heating Market Anticipated to Generate a Revenue of $8,240.5 Million, Growing at a CAGR of 7.0% from 2021 to 2028

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The global underfloor heating market is estimated to be valued at $8,240.5 million by 2028, surging from $4,888.9 million in 2020, at a noteworthy CAGR of 7.0%.

Impact Analysis of COVID-19 on the Underfloor Heating Market

The global market for underfloor heating experienced average growth amid the COVID-19 pandemic. This average growth is the result of disruptions in the supply chain, construction activities, and the non-availability of migrant laborers. In addition to this, transportation disruptions had a significant impact on the supply chain, affecting the growth of the underfloor heating market. Moreover, government has strictly issued lockdown guidelines that have affected manufacturing activities and supply chains.

Global Underfloor Heating Market Analysis

Globally, governments are taking various measures to combat global warming. As a result, the demand for eco-friendly and energy-efficient products that use green energy sources is growing steadily. Typically, water underfloor heating systems are cheaper to run per square foot than electric systems. The water is heated via the main heat source in the home (e.g., gas boiler) and is typically cheaper than heating your home with radiators. Water flows through the pipes to warm the floor. Growing awareness among homeowners is driving the demand for the underfloor heating market from 2021 to 2028.

Most of the people prefer hydronic underfloor heating solution due to energy-efficient and eco-friendly attributes. However, the cost of installing water underfloor heating solution is high compared to electric underfloor heating. Such factors are expected to hinder growth of underfloor heating market.

Buildings are the largest consumer of energy in the world. As a result, governments of most countries have increased investment in green building to reduce energy consumption and carbon emissions. For instance, The European Commission has announced a Renovation Wave to improve building energy performance throughout the EU. The goal is to double renovation rates by 2030 and ensure energy and resource-efficient construction. Furthermore, the number of green buildings is steadily increasing in the EU. Underfloor heating solutions are energy-efficient and eco-friendly. Such factors are expected to provide growth opportunities for underfloor heating in the coming years.

Global Underfloor Heating Market, Segmentation

The global underfloor heating market is segmented based on product, system, application, and region.


The product segment is further classified into hydronic underfloor heating and electric underfloor heating. Among these, the hydronic underfloor heating type sub-segment is anticipated to have the fastest growth as well as dominant share and surpass $5,838.9 million by 2028, with an increase from $3,396.8 million in 2020. Hydronic underfloor heating uses hot water to heat the floor during cold weather. Moreover, they are energy-efficient and eco-friendly compared to heat radiators. Such factors are driving the demand for the hydronic underfloor heating market during the forecast period.


The system segment is further classified into heating system and controlling system. Among these, the heating system sub-segment is anticipated to have the fastest growth as well as dominant share and surpass $6,652.2 million by 2028, with an increase from $3,892.6 million in 2020. Most countries are experiencing cold and harsh winters due to global warming. As a result, the demand for heating solutions is increasing. Furthermore, companies are launching energy-efficient products to gain market share. Such factors are expected to drive the market for the heating system during the forecast period.


The application segment is further divided into residential, commercial, and industrial. The residential sub-segment is anticipated to be the dominating sub-segment in the global market and register a revenue of $5,045.7 million during the analysis timeframe. Growing investment in green buildings is the key factor driving the demand for underfloor heating in a residential application. Additionally, growing awareness related to energy-efficient attributes of underfloor heating among homeowners is projected to provide growth opportunities for the market.         


The underfloor heating market in Europe region is projected to witness dominant share. This market generated a revenue of $2,156.0 million in 2020 and is further projected to reach up to $3,741.2 million by 2028. The growing number of green buildings and renovation activities in Europe is the main factor driving the demand for the underfloor heating market. Besides, stringent government regulations to combat global warming will provide growth opportunities for the underfloor heating solution as these systems are energy-efficient and eco-friendly.

Key Players in the Global Underfloor Heating Market

Some of the leading underfloor heating market players are

  1. Uponor
  2. Danfoss
  3. nVent
  4. Rehau
  5. Honeywell International
  6. Daikin
  7. ESI Heating and Cooling
  8. Thermosoft International
  9. Siemens
  10. Mitsubishi Electric.

Along with the company profiles of the key players in the market, the report includes the Porter’s five forces model that gives deep insights into the competitive environment of the market.

Porter’s Five Forces Analysis for the Global Underfloor Heating Market

  • Bargaining Power of Suppliers: The suppliers involved in the market are extensive in number. Thus, manufacturers and companies have several options and alternatives to handle expensive supplies.
    Thus, the bargaining power of the suppliers is low. 
  • Bargaining Power of Buyers: High power of buyer as they can switch from one vendor to another.
    Hence, the bargaining power of buyers is high. 
  • Threat of New Entrants: Limited number of players are operating in the market. To comply with new regulation, companies need to spend large amount of money on product development.
    Thus, the threat of the new entrants is moderate.
  • Threat of Substitutes: High presence of radiator and VRF system is projected to act as substitute for underfloor heating.
    Therefore, the threat of substitutes is moderate. 
  • Competitive Rivalry in the Market: The ventures operating in the global underfloor heating are opting for various businesses deployment strategies to hold their position in the market. Several companies are launching innovating products in the international market and strengthening the footprint worldwide.
    Therefore, competitive rivalry in the market is high. 
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