Rapid expansion in building and construction industry coupled with cohesive government regulations that are imposed for environmental-friendly construction has enabled the manufacturers towards the development of energy-efficient heating systems. Underfloor heating system are used to maintain temperatures at a desired level by using thermal energy that is passed through a moderately hot element. It offers low maintenance cost and thermal comfort; resulting in the demand for underfloor heating systems. Underfloor heating system requires less functional energy than radiators and requires lower flow temperature to heat a room, which marks its rapid adoption across the globe. Favorable government regulation towards the use of underfloor heating is one of the prime factors propelling market growth. Underfloor heating uses renewable sources of energy and due to its low heat requirement, the underfloor heating systems can also run on solar panels. This results in the electricity cost reduction and provides cost-effective heating solution, in turn, fueling the growth of the underfloor heating market.

The underfloor heating system market is segmented on the basis of product type and applications. Based on the product type, the market is segmented into hydronic system and electric systems. Among which, the hydronic underfloor heating system is expected to show steady growth in the market during the forecast period, as it uses hydel energy to heat up the space which is a renewable energy source and substantially minimizes the energy consumption. Moreover, the hydronic system offers invisible deployment, utilizes low width pipes, which fosters its demand in underfloor heating system market. Based on application, the market is segmented into residential, commercial, and industrial. A significant application of underfloor heating system is studied in the residential sector across the globe. Rising disposable income and changing living standards has accelerated the market growth for residential underfloor heating system.

Geographically, the global underfloor heating market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America is expected to register significant growth in the global market during the forecast period. Increasing construction projects and favorable government policies regarding energy conservation has led to the development of the underfloor heating system in the region. Moreover, rising consumer awareness towards the energy-efficient products and use of renewable energy sources in the region, especially in the US, tends to fuel the growth of the underfloor heating system in North America.

The major players operating in the global underfloor heating market include Danfoss A/S, Uponor Inc., Honeywell International Inc., Emersion Electric Co., REHAU Ltd., Hunt Heating, nVent Electric PLC, and SunTouch. These companies are adopting several strategies, such as merger and acquisitions, product launches, geographical expansion and collaboration, and partnership to expand market share across the globe. For instance, in February 2019, GROUPE ATLANTIC has acquired SST Group’s electric underfloor heating and water leakage control systems business. The acquisition allows the company to strengthen footprints in the Russian market and expand the company’s product portfolio.

Research Methodology

The market study of the global underfloor heating system market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.
• Annual reports of key underfloor heating system market players
• Forward looking statements

The report is intended for interior designing and construction companies for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation:

1. Global Underfloor Heating System Market Research and Analysis by Product Type
2. Global Underfloor Heating System Market Research and Analysis by Application

The Report Covers:

• Comprehensive research methodology of the global underfloor heating system market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global underfloor heating system market.
• Insights about market determinants which are stimulating the global underfloor heating system market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.