How big is the underfloor heating market today, and what are its future growth expectations?
The underfloor heating market size has grown steadily in recent years. It will grow from $5.32 billion in 2024 to $5.55 billion in 2025 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to energy efficiency trends, comfort and aesthetic appeal, residential construction boom, renovation and retrofitting, awareness of health benefits.
The underfloor heating market size is expected to see strong growth in the next few years. It will grow to $7.11 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to sustainable construction practices, smart home integration, commercial building adoption, government incentives, advancements in system design. Major trends in the forecast period include integration with renewable energy sources, retrofitting in existing structures, customization and design flexibility, regulatory push for energy-efficient buildings, increasing affordability and accessibility.
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What are the top drivers to the rising demand in the underfloor heating market?
Strong government support and incentives toward the adoption of underfloor heating solutions are driving the market. Government institutions across the globe are providing grants and incentives for the upgrade of existing heating systems and the adoption of renewable-source based heating systems. For instance, in October 2024, according to a report published by the Cabinet Office, a UK-based ministerial department, the largest provider of formula grant funding is the Department for Education (DfE), which allocated $73.1 billion in formula grants during the 2022 to 2023 financial year. Following the DfE, the next significant formula grant schemes include the Home Office’s $5.1 billion Police Main Grant and the Department of Health and Social Care’s $3.4 billion Public Health Ring-fenced Grant for 2022 to 2023. These initiatives or grant schemes by governments are expected to boost the underfloor heating solutions market during the forecast period.
How is the underfloor heating market segmented?
The underfloor heating market covered in this report is segmented –
1) By Type: Hydronic Underfloor Heating, Electric Underfloor Heating
2) By Installation: New installations, Retrofit installations
3) By Application: Residential, Commercial, Institutional
Subsegments:
1) By Hydronic Underfloor Heating: Warm Water Systems, Boiler-Based Systems
2) By Electric Underfloor Heating: Electric Heating Mats, Electric Heating Cables
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Who are the top competitors in the underfloor heating market?
Major companies operating in the underfloor heating market include Robert Bosch GmbH, Siemens AG, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., SALUS North America Inc., Rehau Ltd., Emerson Electric Co, Danfoss Group, Nexans S.A., Resideo Technologies Inc., Pentair plc, nVent Electric Plc, Raychem Corporation, Uponor Corporation Amuheat, Wavin N.V., Polypipe Group plc, ESI Heating and Cooling, Warmup Inc., Schlüter-Systems Ltd., Hurlcon Hydronic Heating, Flexel International Ltd., Warmtech Pty Ltd., ThermoSoft International Corporation, Ebeco AB, Heat Mat Ltd., Heatmiser UK Ltd., Gaia Climate Solutions Ltd., Amuheat, H2O Heating Pty Ltd., WarmlyYours.com Inc., Speedheat US LLC, Devex Systems
What significant trends should we anticipate in the underfloor heating market over the forecast period?
Strategic partnerships between companies are a recent trend that is gaining popularity in the underfloor heating market. Companies in the underfloor heating market are entering into a strategic collaboration with technology players for the development of technologically advanced underfloor heating products with innovative features. For instance, in August 2022, nVent Electric PLC, a Canada-based provider of electric radiant floor heating solutions, entered into a strategic collaboration with MAPEI to introduce the mapeheat electrical underfloor heating products in the UK flooring and tiling industry. The Mapeheat system is designed for commercial and residential applications, providing a reliable and efficient heating solution for various environments.
Which regional trends are influencing the underfloor heating market, and which area dominates the industry?
The countries covered in the underfloor heating market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Underfloor Heating Market Report 2025 Offer?
The underfloor heating market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
The underfloor heating are systems that are used to warm the floor or act as a primary heat source. Underfloor heating works by distributing a lower temperature of warm water through a circuit of pipes under the finished floor. Intelligent thermostats then monitor and control the heat to maintain a consistent temperature throughout the property or individual zones.
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