An underfloor heating system is a form of radiant heating that allows heat to pass from a moderately hot element which, in turn, controls the indoor climate. This provides thermal comfort, thereby avoiding the need of radiators. The moderately hot element includes floor, wall, or overheated panel. The underfloor heating system is most preferred heating system owing to the benefits associated such as no or minimal maintenance required, provides thermal comfort, flexible control through single thermostat, and absence of radiators that ensures safety.

Underfloor heating market is segmented on the basis of type, application and geography. On the basis of type, the underfloor heating market is categorized into hydronic systems and electric underfloor heating systems. In hydronic underfloor heating system, heated water is forced from a boiler through a link of tubing underneath the floor. The heat conducted through the surface of the floor by hot water emits radiant energy to the room. An electric underfloor heating system requires electricity for its operation and uses non-corrosive, flexible heating elements and less number of components than hydronic underfloor heating. The global market for electric underfloor heating systems is expected to witness increased demand over the forecast period owing to its low installation cost. These systems can be easily fitted into a single room, in wireless prone area i.e.which do not require digging wall channels. Based on the applications, the underfloor heating market is segmented into commercial (transportation & logistics, hospitality, healthcare, academia and institutional, and retail), industrial, and residential (single-family houses and apartments). Furthermore, based on geography, the underfloor heating market is segmented into five major regions including North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.

Increasing awareness about energy efficiency and renewable energy technology has significant impact on future demand for underfloor heating systems. These energy and heating solutions can achieve significant carbon savings, and help to meet renewable energy targets. Growing quality of new building techniques such as insulation and controls, is stimulating the underfloor heating systems market across the globe. The underfloor heating system market is expected to witness increased demand owing to growing usage of these systems in residential sector. The refurbishment activity carried out in developed regions such as the U.S and Germany, is also anticipated to thrust the market growth. The rising demand for high level comfort and flexibility is the key factor driving the market revenue of underfloor heating systems across the globe. However, slow response time of underfloor heating is one of the factors that are limiting the growth of underfloor heating systems.

Some of the key players in this market include Schneider Electric SE (France), Uponor Corporation (Finland), Danfoss A/S (Denmark), Honeywell International Inc. (U.S), Emerson Electric Co. (U.S.),, Pentair PLC (U.K.), Mitsubishi Electric (Tokyo), and Robert Bosch (Germany), Nexans S.A. (France), among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Underfloor Heating Market

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