According to Stratistics MRC, the “Global Underfloor Heating Market” is accounted for $3.90 billion in 2018 and is expected to reach $8.20 billion by 2027 growing at a CAGR of 8.6% during the forecast period. Some of the key factors propelling the market growth include high demand for cost-effective heating solutions, growing consumer awareness toward energy conservation, strong government support and incentives for the adoption of underfloor heating solutions. However, slower response time of underfloor heating systems than radiator systems is restricting the market growth.
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Underfloor heating is a form of central heating the Romans used a type of underfloor heating called hypocausts, which heated buildings. It is a type of focal heating and cooling which achieves indoor atmosphere control for thermal comfort using conduction, radiation and convection. It can be defined as the application of electrical systems or water systems to the floor in order to generate heat under the flooring. The electrical systems use electrical cables in order to produce the heat whereas water systems use the length of a pipe in order to pump water during a heat source to heat the floor. An electric underfloor heating system is more pertinent to smaller areas such as bathrooms while water underfloor systems require more space as well as more time to install. High occupancy commercial buildings are more liable to see efficiency profits from underfloor heating because it is most effectual for periods of continual occupancy, and because for larger heating needs the costs of an underfloor heating system become relatively lesser. Underfloor heating has numerous advantages such as the even distribution of heat throughout the area, the easy control of the temperature of the room as well as the energy efficiency of the underfloor heating.
Opportunity: Eco-friendly underfloor heating systems may create huge opportunities in the global market, during the analysis period.
The majority of the countries have made various rules and regulations regarding energy conservations; one of such legislation is the Paris agreement where 196 countries agreed to contribute to lowering the temperature by decreasing carbon footprints. They are promoting appliances that use green sources of energy such as solar or wind which are capable of generating energy sources for appliances. Thus, people are significantly opting to use solar underfloor heating systems in their homes as well as offices. Also, these systems are being extensively used under various upcoming green and eco-friendly development projects for commercial or residential purposes. Governments have also come up with green regions where the complete region is supposed to use either green energy sources appliances or appliances which are capable of running on low energy with the motive to reduce carbon emissions. This has created a lucrative opportunity for the eco-friendly underfloor heating market, in the future years.
Driver: Adoption of stringent building emission regulations to provide impetus to the underfloor heating industry from new buildings will drive the market growth
The heating industry is governed by stringent carbon emission norms and building regulations, mandating the adoption of energy efficient appliances. For instance, the European Commission adopted the Energy Efficiency Directive to establish measures and policies to support the European Union reach 20% energy efficiency target during the forecast period. Ongoing investments toward green building construction projects coupled with focus toward smart cities programs & initiatives across multiple nations have resulted in the construction of large number of residential & commercial establishments. The underfloor heating systems can be easily installed across new facilities, covering desired areas to minimize heat loss and enable cost-savings. Optimized heating along with significant diminution in the installation time and upfront cost will fuel the industry growth over the forecast timeline.
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Depending on the application, residential segment is anticipated to grow at the significant rate during the forecast period, due to the increasing awareness about the benefits of underfloor heating systems in residential properties. The high growth rate of the underfloor heating market for the residential application is mainly due to the growing refurbishment activities in many developed nations. Underfloor heating is considered to be ideal for new builds and also becoming more popular for renovations because of new product innovations in this area. The growth of the trend toward contemporary design has motivated consumers to create a clean and uncluttered look throughout their home. Also, the favorable government regulations and tax credit facilities on the installation of energy-efficient systems and the growing concerns toward energy saving and minimizing costs related to energy consumption have significantly contributed to the growth of market in the residential applications.
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By geography, the North America region in underfloor heating market is expected to have considerable market growth during the forecast period. About 80% of the economy is majorly driven by healthcare, financial services, retail, and technology. Climate change and pollution have become a major concern across the region, leading to the introduction of stringent environment norms. The heating industry accounts for a considerable amount of carbon effluents from both residential & commercial properties. The ongoing transition from central space heating systems to underfloor heating systems on account of its low costs will drive the North America business growth. Moreover, the rising investments in the construction of multifamily and commercial units across the U.S. and Canada will drive the market growth. The increased expenditure toward home renovation projects and customer leaning toward designing and home decor will further lead to adoption of radiant heat flooring systems. In addition, the growing adoption of renewables to improve carbon footprint and compliance with government policies will support business expansion. The environment recital of the system can be improved by integrating it with solar or clean energy sources.
Some of the key players in underfloor heating market include Schneider Electric, Uponor Corporation, Honeywell, Nvent Electric Plc, Emerson, Robert Bosch, Thermosoft International Corporation, Nexans S.A., Schlüter-Systems Ltd., Danfoss, Pentair, Mitsubishi Electric, Siemens, H2O Heating Pty Ltd., Rayotec Ltd., Eberle Controls GmbH, Incognito Heat Co ltd., Solfex Ltd., Daikin, and Halmburger.
Eberle Controls GmbH: In Jan, 2019, Eberle has expanded its intelligent multi-zone control system with a distributor for underfloor heating systems. The intelligent temperature control is now also available for water-based underfloor heating. Underfloor heating is more popular than ever: for new building projects, it is on the “must-have list” for many clients; they are being upgraded more and more often in older buildings. With the expansion of wiser temperature control system to include the distributor for underfloor heating systems, It enable the customers to combine the comfort and efficiency of an intelligent smart heating solution with the advantages of underfloor heating.
Uponor Corporation: In Sep, 2019, Uponor North America and San Diego, Calif.-based Pestan North America (PNA), a supplier of PP-RCT pipe and fittings, has signed an agreement naming Uponor the exclusive distributor of PNA’s proprietary PP-RCT (polypropylene, random copolymer, with modified crystallinity and temperature resistance) products throughout the U.S. and Canada. Uponor will market more than 270 of PNA’s products, making it the only North American company to offer hybrid systems including PEX and PP-RCT. Products will range from 1/2-inch to 12 inches in diameter; up to 24 inches for special product requests. PP-RCT is used in an array of commercial plumbing and hydronic projects.
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