Europe Underfloor Heating Market Forecast to 2030 - Regional Analysis - by Type (Hydronic System Components and Electric System Components), Installation (Retrofit and New), and Application (Residential and Commercial)
The Europe underfloor heating market was valued at US$ 1,564.78 million in 2022 and is expected to reach US$ 2,914.69 million by 2030; it is estimated to register a CAGR of 8.1% from 2022 to 2030.
Government Support for Installation of Floor Heating Drives Europe Underfloor Heating Market.
In response to the 10-point plan for a green industrial revolution, the UK government is focusing on energy efficiency. As part of the government's goal to "build back better" following the COVID-19 pandemic, the 10-point plan outlines US$ 12.61 billion of funding. The majority of this funding will be allocated to UK infrastructure projects. However, among those 10 points plan a significant investment in making homes more energy efficient, the UK is moving away from fossil fuel boilers and stepping toward low-carbon heating sources such as hydrogen and heat pumps. For this, the UK government is emphasizing the policy to improve the energy efficiency of ~2.8 million homes, with 600,000 heat pumps being installed every year by 2028. The government is also encouraging homeowners to consider upgrading their heat emitters to a more efficient option, such as underfloor heating, as it is ~30% more efficient than radiators, especially when connected with heat pumps and other such low-carbon systems.
Thus, such government initiatives emphasize low-carbon heating sources and development of underfloor heating system based on greywater, driving the growth of the underfloor heating market.
Europe Underfloor Heating Market Overview
Homes warmed with underfloor heating are extra comfortable and up to 40% more efficient than those using conventional central heating systems. Underfloor heaters offer a low-carbon heating solution and use radiant heat technology to warm people in a space with infrared energy rather than just warming the air. Thus, underfloor heaters are prevalent in Europe. Several players in Europe are providing underfloor heating. For instance, Warmup underfloor heating products have been installed across the world in over 2.5 million homes and are trusted for their high-quality design. Home heating businesses and industry are responsible for a third of the UK's greenhouse gas emissions. The majority (85%) of homes in the UK are heated by natural gas, followed by oil, coal, and LPG-all nonrenewable fossil fuels. With the Net Zero Emissions Law, the UK government is directing to bring all greenhouse gas emissions to be net zero by 2050, due to which traditional gas and oil heating systems are being gradually phased out. Thus, the UK government is investing heavily in supporting low-carbon electricity, such as renewable source driven heating systems-including infrared central heating- such renewables-based heating solution will benefit in the long run by proving environment friendly and energy efficient.
The UK government has unveiled a US$ 2.10 billion grant scheme called the Green Homes Grant designed to help pay for a range of upgrades to improve energy efficiency measures and support the installation of low-carbon heating in 600,000 homes. Such green energy plans and electricity-driven heating systems are propelling the installation of underfloor heating in Europe, thereby propelling the market. Several players across the region have launched underfloor heating products. For instance, as of October 2022, Warmup PLC launched a VLo line of low-profile hydronic underfloor heating systems. Such product launches across the region propel the growth of the Europe underfloor heating market.
Europe Underfloor Heating Market Revenue and Forecast to 2030 (US$ Million)
Europe Underfloor Heating Market Segmentation
The Europe underfloor heating market is segmented based on type, installations, application, and country. Based on type, the Europe underfloor heating market is bifurcated into hydronic system components and electric system components. The hydronic system components services held a larger market share in 2022. The hydronic system components is sub segmented into wet hydronic heating and dry hydronic heating. Furthermore, electric system components is bifurcated into heating mats and heating cables.
Based on installation, the Europe underfloor heating market is bifurcated into retrofit and new. The retrofit held a larger market share in 2022.
Based on application, the Europe underfloor heating market is bifurcated into residential & commercial. The residential held a larger market share in 2022.
Based on country, the Europe underfloor heating market is segmented into Germany, the UK, Russia, France, Italy, and the Rest of Europe. Germany dominated the Europe underfloor heating market share in 2022.
Danfoss AS, Emerson Electric Co, nVent Electric Plc, Watts Water Technologies Inc, Robert Bosch GmbH, Resideo Technologies Inc, Uponor Corp, REHAU Ltd, Daikin Europe NV, and Schneider Electric SE are some of the leading companies operating in the Europe underfloor heating market.
TABLE OF CONTENTS
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Underfloor Heating Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
5. Europe Underfloor Heating Market - Key Industry Dynamics
5.1 Drivers
5.1.1 Government Support for Installation of Floor Heating
5.1.2 Growing Adoption of Smart Home Technologies
5.2 Restraints
5.2.1 High Installation Cost of an Underfloor Heating System
5.2.2 Installation Complexity of Underfloor Heating System
5.3 Opportunities
5.3.1 IoT-Enabled Underfloor Heating System
5.3.2 Growing Use of Energy-Efficient Underfloor Heating System
5.4 Trends
5.4.1 Use of Sustainable Technology for Underfloor Heating
5.5 Impact of Drivers and Restraints:
6. Underfloor Heating Market - Europe Analysis
6.1 Underfloor Heating Market Revenue (US$ Million), 2020 - 2030
6.2 Underfloor Heating Market Forecast and Analysis
7. Europe Underfloor Heating Market Analysis - Type
7.1 Hydronic System Components
7.1.1 Overview
7.1.2 Hydronic System Components Market Revenue and Forecasts to 2030 (US$ Million)
7.1.3 Wet Hydronic Heating
7.1.3.1 Overview
7.1.3.2 Wet Hydronic Heating Market Revenue and Forecasts to 2030 (US$ Million)
7.1.4 Dry Hydronic Heating
7.1.4.1 Overview
7.1.4.2 Dry Hydronic Heating Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Electric System Components
7.2.1 Overview
7.2.2 Electric System Components Market Revenue and Forecasts to 2030 (US$ Million)
7.2.3 Heating Mats
7.2.3.1 Overview
7.2.3.2 Heating Mats Market Revenue and Forecasts to 2030 (US$ Million)
7.2.4 Heating Cables
7.2.4.1 Overview
7.2.4.2 Heating Cables Market Revenue and Forecasts to 2030 (US$ Million)
8. Europe Underfloor Heating Market Analysis - Installation
8.1 Retrofit
8.1.1 Overview
8.1.2 Retrofit Market Revenue and Forecasts to 2030 (US$ Million)
8.2 New
8.2.1 Overview
8.2.2 New Market Revenue and Forecasts to 2030 (US$ Million)
9. Europe Underfloor Heating Market Analysis - Application
9.1 Residential
9.1.1 Overview
9.1.2 Residential Market Revenue and Forecasts to 2030 (US$ Million)
9.2 Commercial
9.2.1 Overview
9.2.2 Commercial Market Revenue and Forecasts to 2030 (US$ Million)
10. Europe Underfloor Heating Market - Country Analysis
10.1 Europe Market Overview
10.1.1 Europe Underfloor Heating Market Revenue and Forecasts - By Countries
10.1.1.1 Germany Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.1.1 Germany Underfloor Heating Market Breakdown by Type
10.1.1.1.1.1 Germany Underfloor Heating Market Breakdown by Hydronic System Components
10.1.1.1.1.2 Germany Underfloor Heating Market Breakdown by Electric System Components
10.1.1.1.2 Germany Underfloor Heating Market Breakdown by Installation
10.1.1.1.3 Germany Underfloor Heating Market Breakdown by Application
10.1.1.2 United Kingdom Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.2.1 United Kingdom Underfloor Heating Market Breakdown by Type
10.1.1.2.1.1 United Kingdom Underfloor Heating Market Breakdown by Hydronic System Components
10.1.1.2.1.2 United Kingdom Underfloor Heating Market Breakdown by Electric System Components
10.1.1.2.2 United Kingdom Underfloor Heating Market Breakdown by Installation
10.1.1.2.3 United Kingdom Underfloor Heating Market Breakdown by Application
10.1.1.3 Russia Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.3.1 Russia Underfloor Heating Market Breakdown by Type
10.1.1.3.1.1 Russia Underfloor Heating Market Breakdown by Hydronic System Components
10.1.1.3.1.2 Russia Underfloor Heating Market Breakdown by Electric System Components
10.1.1.3.2 Russia Underfloor Heating Market Breakdown by Installation
10.1.1.3.3 Russia Underfloor Heating Market Breakdown by Application
10.1.1.4 France Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.4.1 France Underfloor Heating Market Breakdown by Type
10.1.1.4.1.1 France Underfloor Heating Market Breakdown by Hydronic System Components
10.1.1.4.1.2 France Underfloor Heating Market Breakdown by Electric System Components
10.1.1.4.2 France Underfloor Heating Market Breakdown by Installation
10.1.1.4.3 France Underfloor Heating Market Breakdown by Application
10.1.1.5 Italy Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.5.1 Italy Underfloor Heating Market Breakdown by Type
10.1.1.5.1.1 Italy Underfloor Heating Market Breakdown by Hydronic System Components
10.1.1.5.1.2 Italy Underfloor Heating Market Breakdown by Electric System Components
10.1.1.5.2 Italy Underfloor Heating Market Breakdown by Installation
10.1.1.5.3 Italy Underfloor Heating Market Breakdown by Application
10.1.1.6 Rest of Europe Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.6.1 Rest of Europe Underfloor Heating Market Breakdown by Type
10.1.1.6.1.1 Rest of Europe Underfloor Heating Market Breakdown by Hydronic System Components
10.1.1.6.1.2 Rest of Europe Underfloor Heating Market Breakdown by Electric System Components
10.1.1.6.2 Rest of Europe Underfloor Heating Market Breakdown by Installation
10.1.1.6.3 Rest of Europe Underfloor Heating Market Breakdown by Application
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiatives
13. Company Profile
13.1 Danfoss A/S
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Emerson Electric Co
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 nVent Electric plc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Watts Water Technologies, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Robert Bosch GmbH
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Resideo Technologies Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Uponor Corp
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 REHAU Ltd
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Daikin Europe NV
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Schneider Electric SE
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 Word Index
List of Tables
Table 1. Underfloor Heating Market Segmentation
Table 2. Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Million) - Type
Table 4. Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Million) - Installation
Table 5. Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Million) - Application
Table 6. Europe Underfloor Heating Market, by Country - Revenue and Forecast to 2030 (USD Million)
Table 7. Germany Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Type
Table 8. Germany Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Hydronic System Components
Table 9. Germany Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Electric System Components
Table 10. Germany Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Installation
Table 11. Germany Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Application
Table 12. United Kingdom Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Type
Table 13. United Kingdom Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Hydronic System Components
Table 14. United Kingdom Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Electric System Components
Table 15. United Kingdom Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Installation
Table 16. United Kingdom Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Application
Table 17. Russia Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Type
Table 18. Russia Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Hydronic System Components
Table 19. Russia Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Electric System Components
Table 20. Russia Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Installation
Table 21. Russia Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Application
Table 22. France Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Type
Table 23. France Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Hydronic System Components
Table 24. France Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Electric System Components
Table 25. France Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Installation
Table 26. France Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Application
Table 27. Italy Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Type
Table 28. Italy Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Hydronic System Components
Table 29. Italy Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Electric System Components
Table 30. Italy Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Installation
Table 31. Italy Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Application
Table 32. Rest of Europe Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Type
Table 33. Rest of Europe Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Hydronic System Components
Table 34. Rest of Europe Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Electric System Components
Table 35. Rest of Europe Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Installation
Table 36. Rest of Europe Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn) - By Application
Table 37. Heat Map Analysis by Key Players
Table 38. List of Abbreviation
List of Figures
Figure 1. Underfloor Heating Market Segmentation, By Country
Figure 2. Europe- PEST Analysis
Figure 3. Ecosystem: Underfloor Heating Market
Figure 4. Underfloor Heating Market - Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Underfloor Heating Market Revenue (US$ Million), 2020 & 2030
Figure 7. Underfloor Heating Market Share (%) - Type, 2022 and 2030
Figure 8. Hydronic System Components Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Wet Hydronic Heating Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Dry Hydronic Heating Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Electric System Components Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Heating Mats Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Heating Cables Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Underfloor Heating Market Share (%) - Installation, 2022 and 2030
Figure 15. Retrofit Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. New Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Underfloor Heating Market Share (%) - Application, 2022 and 2030
Figure 18. Residential Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Commercial Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Europe Underfloor Heating Market, by Key Countries - Revenue (2022) (US$ Million)
Figure 21. Underfloor Heating Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 22. Germany Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23. United Kingdom Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 24. Russia Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 25. France Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 26. Italy Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 27. Rest of Europe Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 28. Company Positioning & Concentration
1. Danfoss AS.
2. Emerson Electric Co.
3. nVent Electric Plc.
4. Watts Water Technologies Inc.
5. Robert Bosch GmbH.
6. Resideo Technologies Inc.
7. Uponor Corp.
8. REHAU Ltd.
9. Daikin Europe NV
10. Schneider Electric SE.
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