The global underfloor heating market size was US$ 4.6 billion in 2021. The global underfloor heating market size is forecast to reach US$ 8.41 billion by 2030, growing at a compound annual growth rate (CAGR) of 7% during the forecast period from 2022 to 2030.
Underfloor heating is a better, cleaner method of heating an individual dwelling place. Through radiant heat technology, UFH gently warms objects and people from the ground up using a much more energy-efficient method. Radiant heating systems come in two types, electric and hydronic, and both provide efficient warmth in a room from the floor. Underfloor heating in hydronic systems uses hot water to generate heat, while underfloor heating in electric systems uses wiring in order to generate heat. Underfloor heating does not overheat, in contrast to traditional radiators, making a room feel cold sometimes and too hot at other times. Instead, it achieves the desired temperature set by the user by using a thermostat.
Factors Influencing Market Growth
Impact Analysis of COVID-19
COVID-19 negatively impacted the global economy with disastrous effects on global trade, which simultaneously affected households, businesses, financial institutions, industrial companies, and infrastructure companies. In a number of countries, the novel coronavirus has caused lockdowns and reduced market growth. During the outbreak, infrastructure and construction development operations declined, negatively impacting the market. During the pandemic time, many constructions and engineering projects worldwide ceased, causing a financial recession in many countries and creating unemployment.
Regional Insights
In Europe, underfloor heating accounts for the largest share of the market. R&D activities and awareness of heating systems in the construction sector, especially in cold regions, have significantly impacted the market's growth. The ongoing large-scale renovations and government policies regarding the ban over installing gas boilers in new homes by 2025 have spurred the growth of the electric underfloor heating market. There are cold countries in this region, which, combined with the demand for comfort in dwellings, led to an increase in demand for underfloor heating systems in the forecast period. Increasing awareness about the benefits of radiant heat produced by underfloor heating for providing a comfortable life at a low cost is a major factor driving the market.
Leading Competitors
The leading prominent companies profiled in the global underfloor heating market are:
Scope of the Report
The global underfloor heating market segmentation focuses on Product Type, System, Installation Type, Application, and Region.
Segmentation based on Product Type
Segmentation based on System
Segmentation based on Installation Type
Segmentation based on Application
Segmentation based on Region
