1	INTRODUCTION	27
1.1	STUDY OBJECTIVES	27
1.2	MARKET DEFINITION	27
1.3	INCLUSIONS AND EXCLUSIONS	28
1.4	STUDY SCOPE	28
1.4.1	MARKETS COVERED	28
1.4.2	REGIONAL SCOPE	29
1.4.3	YEARS CONSIDERED	29
1.5	CURRENCY CONSIDERED	29
1.6	LIMITATIONS	30
1.7	STAKEHOLDERS	30
1.8	SUMMARY OF CHANGES	30
1.8.1	RECESSION IMPACT	30
2	RESEARCH METHODOLOGY	31
2.1	INTRODUCTION	31
FIGURE 1	UNDERFLOOR HEATING MARKET: RESEARCH DESIGN	31
2.1.1	SECONDARY DATA	32
2.1.1.1	List of major secondary sources	32
2.1.1.2	Key data from secondary sources	32
2.1.2	PRIMARY DATA	33
2.1.2.1	Breakdown of primaries	33
2.1.2.2	Key data from primary sources	33
2.1.3	SECONDARY AND PRIMARY RESEARCH	34
2.1.3.1	Key industry insights	35
2.2	MARKET SIZE ESTIMATION	35
FIGURE 2	MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE GENERATED FROM SALE OF UNDERFLOOR HEATING SOLUTIONS AND COMPONENTS	36
2.2.1	BOTTOM-UP APPROACH	37
2.2.1.1	Approach to derive market size using bottom-up analysis	37
FIGURE 3	MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH	37
2.2.2	TOP-DOWN APPROACH	38
2.2.2.1	Approach to derive market size using top-down analysis	38
FIGURE 4	MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH	38
2.3	MARKET BREAKDOWN AND DATA TRIANGULATION	39
FIGURE 5	DATA TRIANGULATION	39
2.4	RESEARCH ASSUMPTIONS	40
FIGURE 6	ASSUMPTIONS	40
2.5	APPROACH TO ANALYZE RECESSION IMPACT	40
2.6	RISK ASSESSMENT	41
TABLE 1	RISKS ASSESSMENT	41
3	EXECUTIVE SUMMARY	42
FIGURE 7	HARDWARE SEGMENT TO HOLD LARGER MARKET SHARE IN 2023	42
FIGURE 8	HYDRONIC UNDERFLOOR HEATING SEGMENT TO HOLD LARGER MARKET SHARE IN 2028	43
FIGURE 9	MANIFOLD AND VALVE SEGMENT TO HOLD LARGEST SHARE OF UNDERFLOOR HEATING MARKET FOR HYDRONIC UNDERFLOOR HEATING IN 2028	43
FIGURE 10	RESIDENTIAL SEGMENT TO HOLD LARGEST MARKET SHARE IN 2023 AND 2028	44
FIGURE 11	EUROPEAN UNDERFLOOR HEATING MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD	45
4	PREMIUM INSIGHTS	46
4.1	ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN UNDERFLOOR HEATING MARKET	46
FIGURE 12	BOOMING RESIDENTIAL SECTOR TO DRIVE DEMAND	46
4.2	UNDERFLOOR HEATING MARKET, BY OFFERING	46
FIGURE 13	HARDWARE SEGMENT TO HOLD HIGHER MARKET SHARE IN 2028	46
4.3	UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE	47
FIGURE 14	HYDRONIC UNDERFLOOR HEATING SEGMENT TO HOLD LARGER MARKET SHARE IN 2028	47
4.4	UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE AND COMPONENT	47
FIGURE 15	THERMOSTAT & SENSOR SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD	47
FIGURE 16	HEATING MAT SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028	48
4.5	UNDERFLOOR HEATING MARKET, BY APPLICATION	48
FIGURE 17	RESIDENTIAL SEGMENT TO DOMINATE UNDERFLOOR HEATING MARKET DURING FORECAST PERIOD	48
4.6	UNDERFLOOR HEATING MARKET, BY REGION	49
FIGURE 18	EUROPE TO HOLD LARGEST SHARE OF UNDERFLOOR HEATING MARKET IN 2028	49
4.7	UNDERFLOOR HEATING MARKET, BY COUNTRY	49
FIGURE 19	UK TO REGISTER HIGHEST CAGR IN UNDERFLOOR HEATING MARKET DURING FORECAST PERIOD	49
5	MARKET OVERVIEW	50
5.1	INTRODUCTION	50
5.2	MARKET DYNAMICS	50
FIGURE 20	UNDERFLOOR HEATING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES	50
5.2.1	DRIVERS	51
5.2.1.1	Increasing demand for cost-effective and advanced heating solutions	51
5.2.1.2	Government-led support and incentives for boosting adoption of underfloor heating	51
5.2.1.3	Implementation of stringent building codes	52
5.2.1.4	High comfort and flexibility associated with underfloor heating systems	52
FIGURE 21	UNDERFLOOR HEATING MARKET: DRIVERS AND THEIR IMPACT	53
5.2.2	RESTRAINTS	53
5.2.2.1	Longer response time than other heating systems	53
5.2.2.2	High installation cost	54
FIGURE 22	UNDERFLOOR HEATING MARKET: RESTRAINTS AND THEIR IMPACT	54
5.2.3	OPPORTUNITIES	54
5.2.3.1	Technological advancements and digitalization in underfloor heating solutions	54
5.2.3.2	Emergence of Internet of Things (IoT)-based underfloor heating systems	55
5.2.3.3	Expanding construction industry	55
FIGURE 23	UNDERFLOOR HEATING MARKET: OPPORTUNITIES AND THEIR IMPACT	56
5.2.4	CHALLENGES	56
5.2.4.1	Setup issues associated with underfloor heating systems	56
FIGURE 24	UNDERFLOOR HEATING MARKET: CHALLENGES AND THEIR IMPACT	57
5.3	VALUE CHAIN ANALYSIS	57
FIGURE 25	UNDERFLOOR HEATING MARKET: VALUE CHAIN ANALYSIS	57
5.3.1	RAW MATERIAL PROVIDERS	57
5.3.2	COMPONENT MANUFACTURERS	58
5.3.3	SYSTEM INTEGRATORS	58
5.3.4	DISTRIBUTORS	58
5.3.5	END USERS	58
5.3.6	POST-SALE SERVICE PROVIDERS	58
5.4	ECOSYSTEM ANALYSIS	59
FIGURE 26	UNDERFLOOR HEATING MARKET: ECOSYSTEM ANALYSIS	59
TABLE 2	UNDERFLOOR HEATING MARKET: ECOSYSTEM ANALYSIS	59
5.5	PRICING ANALYSIS	60
5.5.1	AVERAGE SELLING PRICE (ASP) OF UNDERFLOOR HEATING SYSTEM COMPONENTS OFFERED BY TWO MAJOR PLAYERS	61
FIGURE 27	AVERAGE SELLING PRICE (ASP) OF UNDERFLOOR HEATING SYSTEM COMPONENTS OFFERED BY TWO MAJOR PLAYERS	61
TABLE 3	AVERAGE SELLING PRICE (ASP) OF UNDERFLOOR HEATING SYSTEM COMPONENTS OFFERED BY TWO MAJOR PLAYERS (USD)	61
TABLE 4	AVERAGE SELLING PRICE (ASP) OF MANIFOLDS, BY REGION (USD)	61
5.6	TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES	62
FIGURE 28	REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN UNDERFLOOR HEATING MARKET	62
5.7	PORTER’S FIVE FORCES ANALYSIS	62
FIGURE 29	UNDERFLOOR HEATING MARKET: PORTER’S FIVE FORCES ANALYSIS	63
TABLE 5	UNDERFLOOR HEATING MARKET: PORTERS FIVE FORCES ANALYSIS	63
5.7.1	THREAT OF NEW ENTRANTS	64
5.7.2	THREAT OF SUBSTITUTES	64
5.7.3	BARGAINING POWER OF SUPPLIERS	64
5.7.4	BARGAINING POWER OF BUYERS	64
5.7.5	INTENSITY OF COMPETITIVE RIVALRY	64
5.8	CASE STUDY ANALYSIS	65
5.8.1	DEVEX SYSTEMS INSTALLED HYDRONIC FLOOR HEATING SYSTEM AT PENRITH BAPTIST CHURCH	65
5.8.2	WARMUP INSTALLED HYDRONIC UNDERFLOOR HEATING SYSTEM AT HARROW ROAD	65
5.8.3	WARMUP INSTALLED UNDERFLOOR HEATING SYSTEM AT KINGS COURT	66
5.8.4	THERMO FLOOR UK DESIGNED MODERN UNDERFLOOR HEATING SYSTEM FOR TRINITY COLLEGE CHAPEL	67
5.8.5	CHINMAYA MISSION INSTALLED HYBRID UNDERFLOOR HEATING SYSTEM AT GRAND DETACHED VICTORIAN BUILDING	67
5.9	TECHNOLOGY ANALYSIS	68
5.9.1	ARTIFICIAL INTELLIGENCE (AI)	68
5.9.2	INTERNET OF THINGS (IOT)	68
5.9.3	PREDICTIVE MAINTENANCE	68
5.10	KEY STAKEHOLDERS AND BUYING CRITERIA	69
5.10.1	KEY STAKEHOLDERS IN BUYING PROCESS	69
FIGURE 30	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS	69
TABLE 6	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS	69
5.10.2	BUYING CRITERIA	69
FIGURE 31	KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS	69
TABLE 7	KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS	70
5.11	TRADE ANALYSIS	70
FIGURE 32	IMPORT DATA FOR HS CODE 8536, BY KEY COUNTRY, 2018–2022 (USD MILLION)	70
FIGURE 33	EXPORT DATA FOR HS CODE 8536, BY KEY COUNTRY, 2018–2022 (USD MILLION)	71
5.12	PATENT ANALYSIS	71
FIGURE 34	TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS	71
FIGURE 35	NUMBER OF PATENTS RELATED TO UNDERFLOOR HEATING, 2013–2022	72
TABLE 8	TOP 20 PATENT OWNERS IN LAST 10 YEARS	72
5.12.1	UNDERFLOOR HEATING MARKET: LIST OF MAJOR PATENTS	73
5.13	KEY CONFERENCES AND EVENTS, 2023–2024	75
TABLE 9	UNDERFLOOR HEATING MARKET: LIST OF CONFERENCES AND EVENTS	75
5.14	REGULATIONS AND STANDARDS	76
5.14.1	REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	76
TABLE 10	NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	76
TABLE 11	EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	76
TABLE 12	ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	77
TABLE 13	ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	77
5.14.2	STANDARDS	78
TABLE 14	UNDERFLOOR HEATING MARKET: STANDARDS	78
6	UNDERFLOOR HEATING MARKET, BY FLOOR COVERING TYPES	79
6.1	INTRODUCTION	79
TABLE 15	COMPARISON BETWEEN DIFFERENT FLOOR COVERING TYPES	79
6.2	TILE AND STONE	79
TABLE 16	ADVANTAGES ASSOCIATED WITH DIFFERENT FLOOR COVERING TYPES	80
6.3	WOOD FLOORING	80
TABLE 17	ADVANTAGES ASSOCIATED WITH WOODEN FLOOR COVERINGS	80
6.4	LAMINATE FLOORING	81
6.5	VINYL FLOORING	81
6.6	RUBBER AND CARPET FLOORING	81
7	UNDERFLOOR HEATING MARKET, BY CONNECTION TYPE	82
7.1	INTRODUCTION	82
7.2	CONNECTED	82
7.2.1	IMPROVED FUNCTIONALITY WITH INTEGRATION OF NEW TECHNOLOGIES	82
7.3	NON-CONNECTED	82
7.3.1	EASY TO INSTALL AND DOES NOT REQUIRE ADDITIONAL SOFTWARE	82
8	UNDERFLOOR HEATING MARKET, BY SUBSYSTEM	83
8.1	INTRODUCTION	83
8.2	HEATING SYSTEM	83
8.2.1	PIPE AND CABLE	83
8.2.1.1	Transfer heat to floor	83
8.2.2	DISTRIBUTION UNIT	83
8.2.2.1	Displaces hot working fluid from heating systems to heat exchangers	83
8.3	CONTROL SYSTEM	84
8.3.1	SENSOR	84
8.3.1.1	Measures floor temperature	84
8.3.2	CONTROL INTERFACE	84
8.3.2.1	Controls thermostats in heating system	84
9	UNDERFLOOR HEATING MARKET, BY INSTALLATION TYPE	85
9.1	INTRODUCTION	86
FIGURE 36	UNDERFLOOR HEATING MARKET, BY INSTALLATION TYPE	86
FIGURE 37	NEW INSTALLATION SEGMENT DOMINATED UNDERFLOOR HEATING MARKET IN 2022	86
9.2	NEW INSTALLATION (NEW BUILDINGS)	87
9.2.1	GOVERNMENT-LED ENERGY EFFICIENCY STANDARDS AND CODES	87
9.3	RETROFIT INSTALLATION (EXISTING BUILDINGS)	87
9.3.1	HIGH ADOPTION OF HYDRONIC UNDERFLOOR HEATING SYSTEMS IN RENOVATION PROJECTS	87
10	UNDERFLOOR HEATING MARKET, BY OFFERING	88
10.1	INTRODUCTION	89
FIGURE 38	UNDERFLOOR HEATING MARKET, BY OFFERING	89
FIGURE 39	HARDWARE SEGMENT TO HOLD LARGER SHARE OF UNDERFLOOR HEATING MARKET IN 2023	89
TABLE 18	UNDERFLOOR HEATING MARKET, BY OFFERING, 2019–2022 (USD MILLION)	89
TABLE 19	UNDERFLOOR HEATING MARKET, BY OFFERING, 2023–2028 (USD MILLION)	90
10.2	HARDWARE	90
10.2.1	ADVANCEMENTS IN HEATING COMPONENTS AND INCREASED CONSTRUCTION ACTIVITIES	90
TABLE 20	HARDWARE: UNDERFLOOR HEATING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)	90
TABLE 21	HARDWARE: UNDERFLOOR HEATING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	91
TABLE 22	HARDWARE: UNDERFLOOR HEATING MARKET, BY REGION, 2019–2022 (USD MILLION)	91
TABLE 23	HARDWARE: UNDERFLOOR HEATING MARKET, BY REGION, 2023–2028 (USD MILLION)	91
10.3	SERVICES	92
10.3.1	INCREASED DEMAND FOR INSTALLATION, MAINTENANCE, REPAIR, AND SYSTEM OPTIMIZATION IN RESIDENTIAL AND COMMERCIAL SECTORS	92
TABLE 24	SERVICES: UNDERFLOOR HEATING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)	92
TABLE 25	SERVICES: UNDERFLOOR HEATING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	92
TABLE 26	SERVICES: UNDERFLOOR HEATING MARKET, BY REGION, 2019–2022 (USD MILLION)	93
TABLE 27	SERVICES: UNDERFLOOR HEATING MARKET, BY REGION, 2023–2028 (USD MILLION)	93
11	UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE AND COMPONENT	94
11.1	INTRODUCTION	95
FIGURE 40	UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE AND COMPONENT	95
FIGURE 41	HYDRONIC UNDERFLOOR HEATING SEGMENT TO LEAD UNDERFLOOR HEATING MARKET FROM 2023 TO 2028	96
TABLE 28	UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)	96
TABLE 29	UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)	96
11.2	HYDRONIC UNDERFLOOR HEATING (WET SYSTEM)	97
FIGURE 42	MANIFOLD AND VALVE SEGMENT TO HOLD LARGEST SHARE OF UNDERFLOOR HEATING MARKET FOR HYDRONIC UNDERFLOOR HEATING IN 2028	97
TABLE 30	HYDRONIC UNDERFLOOR HEATING: UNDERFLOOR HEATING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)	97
TABLE 31	HYDRONIC UNDERFLOOR HEATING: UNDERFLOOR HEATING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	98
TABLE 32	HYDRONIC UNDERFLOOR HEATING: UNDERFLOOR HEATING MARKET, BY REGION, 2019–2022 (USD MILLION)	98
TABLE 33	HYDRONIC UNDERFLOOR HEATING: UNDERFLOOR HEATING MARKET, BY REGION, 2023–2028 (USD MILLION)	98
TABLE 34	RESIDENTIAL: UNDERFLOOR HEATING MARKET FOR HYDRONIC UNDERFLOOR HEATING, BY REGION, 2019–2022 (USD MILLION)	99
TABLE 35	RESIDENTIAL: UNDERFLOOR HEATING MARKET FOR HYDRONIC UNDERFLOOR HEATING, BY REGION, 2023–2028 (USD MILLION)	99
TABLE 36	COMMERCIAL: UNDERFLOOR HEATING MARKET FOR HYDRONIC UNDERFLOOR HEATING, BY REGION, 2019–2022 (USD MILLION)	99
TABLE 37	COMMERCIAL: UNDERFLOOR HEATING MARKET FOR HYDRONIC UNDERFLOOR HEATING, BY REGION, 2023–2028 (USD MILLION)	100
TABLE 38	INDUSTRIAL: UNDERFLOOR HEATING MARKET FOR HYDRONIC UNDERFLOOR HEATING, BY REGION, 2019–2022 (USD MILLION)	100
TABLE 39	INDUSTRIAL: UNDERFLOOR HEATING MARKET FOR HYDRONIC UNDERFLOOR HEATING, BY REGION, 2023–2028 (USD MILLION)	100
TABLE 40	HEALTHCARE: UNDERFLOOR HEATING MARKET FOR HYDRONIC UNDERFLOOR HEATING, BY REGION, 2019–2022 (USD MILLION)	101
TABLE 41	HEALTHCARE: UNDERFLOOR HEATING MARKET FOR HYDRONIC UNDERFLOOR HEATING, BY REGION, 2023–2028 (USD MILLION)	101
TABLE 42	SPORTS & ENTERTAINMENT: UNDERFLOOR HEATING MARKET FOR HYDRONIC UNDERFLOOR HEATING, BY REGION, 2019–2022 (USD MILLION)	101
TABLE 43	SPORTS & ENTERTAINMENT: UNDERFLOOR HEATING MARKET FOR HYDRONIC UNDERFLOOR HEATING, BY REGION, 2023–2028 (USD MILLION)	102
TABLE 44	OTHERS: UNDERFLOOR HEATING MARKET FOR HYDRONIC UNDERFLOOR HEATING, BY REGION, 2019–2022 (USD MILLION)	102
TABLE 45	OTHERS: UNDERFLOOR HEATING MARKET FOR HYDRONIC UNDERFLOOR HEATING, BY REGION, 2023–2028 (USD MILLION)	102
11.2.1	HEATING PIPE	103
11.2.1.1	Designed to disperse heat evenly and prevent oxygen from entering water system	103
11.2.2	THERMOSTAT AND SENSOR	103
11.2.2.1	Measure temperature to control flow of heating medium	103
11.2.3	THERMAL ACTUATOR	103
11.2.3.1	Controls hot water flow in underfloor heating zones	103
11.2.4	ZONE VALVE	103
11.2.4.1	Controls heating operations of different building zones	103
11.2.5	WIRING CENTER	104
11.2.5.1	Effectively powers components based on voltage specifications from one centralized location	104
11.2.6	MANIFOLD AND VALVE	104
11.2.6.1	Control temperature by opening and closing valves according to requirement	104
11.3	ELECTRIC UNDERFLOOR HEATING (DRY SYSTEM)	104
FIGURE 43	HEATING MAT SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028	104
TABLE 46	ELECTRIC UNDERFLOOR HEATING: UNDERFLOOR HEATING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)	105
TABLE 47	ELECTRIC UNDERFLOOR HEATING: UNDERFLOOR HEATING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	105
TABLE 48	ELECTRIC UNDERFLOOR HEATING: UNDERFLOOR HEATING MARKET, BY REGION, 2019–2022 (USD MILLION)	105
TABLE 49	ELECTRIC UNDERFLOOR HEATING: UNDERFLOOR HEATING MARKET, BY REGION, 2023–2028 (USD MILLION)	106
TABLE 50	RESIDENTIAL: UNDERFLOOR HEATING MARKET FOR ELECTRIC UNDERFLOOR HEATING, BY REGION, 2019–2022 (USD MILLION)	106
TABLE 51	RESIDENTIAL: UNDERFLOOR HEATING MARKET FOR ELECTRIC UNDERFLOOR HEATING, BY REGION, 2023–2028 (USD MILLION)	106
TABLE 52	COMMERCIAL: UNDERFLOOR HEATING MARKET FOR ELECTRIC UNDERFLOOR HEATING, BY REGION, 2019–2022 (USD MILLION)	107
TABLE 53	COMMERCIAL: UNDERFLOOR HEATING MARKET FOR ELECTRIC UNDERFLOOR HEATING, BY REGION, 2023–2028 (USD MILLION)	107
TABLE 54	INDUSTRIAL: UNDERFLOOR HEATING MARKET FOR ELECTRIC UNDERFLOOR HEATING, BY REGION, 2019–2022 (USD MILLION)	107
TABLE 55	INDUSTRIAL: UNDERFLOOR HEATING MARKET FOR ELECTRIC UNDERFLOOR HEATING, BY REGION, 2023–2028 (USD MILLION)	108
TABLE 56	HEALTHCARE: UNDERFLOOR HEATING MARKET FOR ELECTRIC UNDERFLOOR HEATING, BY REGION, 2019–2022 (USD MILLION)	108
TABLE 57	HEALTHCARE: UNDERFLOOR HEATING MARKET FOR ELECTRIC UNDERFLOOR HEATING, BY REGION, 2023–2028 (USD MILLION)	108
TABLE 58	SPORTS & ENTERTAINMENT: UNDERFLOOR HEATING MARKET FOR ELECTRIC UNDERFLOOR HEATING, BY REGION, 2019–2022 (USD MILLION)	109
TABLE 59	SPORTS & ENTERTAINMENT: UNDERFLOOR HEATING MARKET FOR ELECTRIC UNDERFLOOR HEATING, BY REGION, 2023–2028 (USD MILLION)	109
TABLE 60	OTHERS: UNDERFLOOR HEATING MARKET FOR ELECTRIC UNDERFLOOR HEATING, BY REGION, 2019–2022 (USD MILLION)	109
TABLE 61	OTHERS: UNDERFLOOR HEATING MARKET FOR ELECTRIC UNDERFLOOR HEATING, BY REGION, 2023–2028 (USD MILLION)	110
11.3.1	HEATING CABLE	110
11.3.1.1	Controlled by individual room thermostat and/or timer	110
11.3.2	HEATING MAT	110
11.3.2.1	Critical in Do it Yourself (DIY)-based underfloor heating systems	110
11.3.3	THERMOSTAT AND SENSOR	110
11.3.3.1	Monitor and maintain floor temperature at high efficiency	110
12	UNDERFLOOR HEATING MARKET, BY APPLICATION	111
12.1	INTRODUCTION	112
FIGURE 44	UNDERFLOOR HEATING MARKET, BY APPLICATION	112
FIGURE 45	RESIDENTIAL SEGMENT TO DOMINATE UNDERFLOOR HEATING MARKET DURING FORECAST PERIOD	113
TABLE 62	UNDERFLOOR HEATING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)	113
TABLE 63	UNDERFLOOR HEATING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	114
12.2	RESIDENTIAL	114
12.2.1	SINGLE-FAMILY HOUSE	115
12.2.1.1	Increasing demand due to comfort, energy efficiency, and design flexibility	115
12.2.2	APARTMENT	115
12.2.2.1	Compatibility with different floor coverings	115
TABLE 64	RESIDENTIAL: UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)	115
TABLE 65	RESIDENTIAL: UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)	116
TABLE 66	RESIDENTIAL: UNDERFLOOR HEATING MARKET, BY REGION, 2019–2022 (USD MILLION)	116
TABLE 67	RESIDENTIAL: UNDERFLOOR HEATING MARKET, BY REGION, 2023–2028 (USD MILLION)	116
12.3	COMMERCIAL	117
TABLE 68	COMMERCIAL: UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)	117
TABLE 69	COMMERCIAL: UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)	117
TABLE 70	COMMERCIAL: UNDERFLOOR HEATING MARKET, BY REGION, 2019–2022 (USD MILLION)	117
TABLE 71	COMMERCIAL: UNDERFLOOR HEATING MARKET, BY REGION, 2023–2028 (USD MILLION)	118
12.3.1	RETAIL	118
12.3.1.1	Growing adoption of humidity control systems	118
12.3.2	TRANSPORTATION AND LOGISTICS	118
12.3.2.1	Increasing installation for efficient and comfortable heating systems	118
12.3.3	HOSPITALITY	119
12.3.3.1	High energy efficiency and aesthetic advantages	119
12.4	HEALTHCARE	119
12.4.1	GROWING DEPLOYMENT IN MEDICAL FACILITIES, HOSPITALS, AND CLINICS AS EFFECTIVE AND HYGIENIC HEATING OPTION	119
TABLE 72	HEALTHCARE: UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)	119
TABLE 73	HEALTHCARE: UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)	120
TABLE 74	HEALTHCARE: UNDERFLOOR HEATING MARKET, BY REGION, 2019–2022 (USD MILLION)	120
TABLE 75	HEALTHCARE: UNDERFLOOR HEATING MARKET, BY REGION, 2023–2028 (USD MILLION)	120
12.5	SPORTS & ENTERTAINMENT	121
12.5.1	RISING USE TO PROVIDE COMFORT AND CREATE HASSLE-FREE ENVIRONMENT FOR PLAYERS	121
TABLE 76	SPORTS & ENTERTAINMENT: UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)	121
TABLE 77	SPORTS & ENTERTAINMENT: UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)	121
TABLE 78	SPORTS & ENTERTAINMENT: UNDERFLOOR HEATING MARKET, BY REGION, 2019–2022 (USD MILLION)	122
TABLE 79	SPORTS & ENTERTAINMENT: UNDERFLOOR HEATING MARKET, BY REGION, 2023–2028 (USD MILLION)	122
12.6	INDUSTRIAL	122
12.6.1	INCREASING DEPLOYMENT AS EFFICIENT AND LOCALIZED HEATING SOLUTION	122
TABLE 80	INDUSTRIAL: UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)	123
TABLE 81	INDUSTRIAL: UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)	123
TABLE 82	INDUSTRIAL: UNDERFLOOR HEATING MARKET, BY REGION, 2019–2022 (USD MILLION)	123
TABLE 83	INDUSTRIAL: UNDERFLOOR HEATING MARKET, BY REGION, 2023–2028 (USD MILLION)	124
12.7	OTHERS	124
TABLE 84	OTHERS: UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)	124
TABLE 85	OTHERS: UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)	125
TABLE 86	OTHERS: UNDERFLOOR HEATING MARKET, BY REGION, 2019–2022 (USD MILLION)	125
TABLE 87	OTHERS: UNDERFLOOR HEATING MARKET, BY REGION, 2023–2028 (USD MILLION)	125
13	UNDERFLOOR HEATING MARKET, BY REGION	126
13.1	INTRODUCTION	127
FIGURE 46	UNDERFLOOR HEATING MARKET, BY REGION	127
FIGURE 47	UNDERFLOOR HEATING MARKET: REGIONAL SNAPSHOT	127
FIGURE 48	UK TO BE FASTEST-GROWING UNDERFLOOR HEATING MARKET DURING FORECAST PERIOD	128
TABLE 88	UNDERFLOOR HEATING MARKET, BY REGION, 2019–2022 (USD MILLION)	128
TABLE 89	UNDERFLOOR HEATING MARKET, BY REGION, 2023–2028 (USD MILLION)	129
13.2	NORTH AMERICA	129
13.2.1	NORTH AMERICA: RECESSION IMPACT	129
FIGURE 49	NORTH AMERICA: SNAPSHOT OF UNDERFLOOR HEATING MARKET	130
TABLE 90	NORTH AMERICA: UNDERFLOOR HEATING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)	130
TABLE 91	NORTH AMERICA: UNDERFLOOR HEATING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)	131
TABLE 92	NORTH AMERICA: UNDERFLOOR HEATING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)	131
TABLE 93	NORTH AMERICA: UNDERFLOOR HEATING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	131
13.2.2	US	132
13.2.2.1	Increased consumer awareness and need for energy efficiency	132
13.2.3	CANADA	133
13.2.3.1	Technological advancements and expanding construction industry	133
13.2.4	MEXICO	133
13.2.4.1	Growing adoption attributed to comfort and energy efficiency	133
13.3	EUROPE	133
13.3.1	EUROPE: RECESSION IMPACT	133
FIGURE 50	EUROPE: SNAPSHOT OF UNDERFLOOR HEATING MARKET	134
TABLE 94	EUROPE: UNDERFLOOR HEATING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)	135
TABLE 95	EUROPE: UNDERFLOOR HEATING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)	135
TABLE 96	EUROPE: UNDERFLOOR HEATING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)	136
TABLE 97	EUROPE: UNDERFLOOR HEATING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	136
13.3.2	UK	137
13.3.2.1	Excellent aesthetics and affordability	137
13.3.3	GERMANY	137
13.3.3.1	Presence of established infrastructure and growing demand for efficient heating solutions	137
13.3.4	FRANCE	137
13.3.4.1	Increasing new construction projects and renovation activities	137
13.3.5	BELGIUM	138
13.3.5.1	Government-led incentives and technological advancements	138
13.3.6	NETHERLANDS	138
13.3.6.1	Rising focus on sustainability	138
13.3.7	ITALY	138
13.3.7.1	Rising demand for energy-efficient underfloor heating systems	138
13.3.8	POLAND	138
13.3.8.1	Presence of EU regional operational programs	138
13.3.9	REST OF EUROPE	138
13.4	ASIA PACIFIC	139
13.4.1	ASIA PACIFIC: RECESSION IMPACT	139
FIGURE 51	ASIA PACIFIC: SNAPSHOT OF UNDERFLOOR HEATING MARKET	140
TABLE 98	ASIA PACIFIC: UNDERFLOOR HEATING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)	141
TABLE 99	ASIA PACIFIC: UNDERFLOOR HEATING MARKET, BY COUNTRY, 2023–2028 (USD MILLION)	141
TABLE 100	ASIA PACIFIC: UNDERFLOOR HEATING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)	141
TABLE 101	ASIA PACIFIC: UNDERFLOOR HEATING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	142
13.4.2	CHINA	142
13.4.2.1	Growing urbanization and need for reducing greenhouse gas emissions	142
13.4.3	JAPAN	142
13.4.3.1	Increasing demand for modern heating solutions	142
13.4.4	SOUTH KOREA	143
13.4.4.1	High preference for floor heating due to extremely cold and dry weather	143
13.4.5	REST OF ASIA PACIFIC	143
13.5	ROW	143
13.5.1	ROW: RECESSION IMPACT	143
FIGURE 52	MIDDLE EAST & AFRICA TO REGISTER HIGHER CAGR IN ROW UNDERFLOOR HEATING MARKET DURING FORECAST PERIOD	144
TABLE 102	ROW: UNDERFLOOR HEATING MARKET, BY REGION, 2019–2022 (USD BILLION)	144
TABLE 103	ROW: UNDERFLOOR HEATING MARKET, BY REGION, 2023–2028 (USD BILLION)	144
TABLE 104	ROW: UNDERFLOOR HEATING MARKET, BY APPLICATION, 2019–2022 (USD MILLION)	145
TABLE 105	ROW: UNDERFLOOR HEATING MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	145
13.5.2	MIDDLE EAST & AFRICA	146
13.5.2.1	Increasing premium real estate properties	146
13.5.3	SOUTH AMERICA	146
13.5.3.1	Rising awareness regarding benefits of underfloor heating systems	146
14	COMPETITIVE LANDSCAPE	147
14.1	OVERVIEW	147
TABLE 106	KEY STRATEGIES ADOPTED BY MAJOR PLAYERS	147
14.2	REVENUE ANALYSIS, 2019–2022	149
FIGURE 53	UNDERFLOOR HEATING MARKET REVENUE ANALYSIS, 2019–2022	149
14.3	MARKET SHARE ANALYSIS, 2022	149
TABLE 107	UNDERFLOOR HEATING MARKET: DEGREE OF COMPETITION	150
FIGURE 54	UNDERFLOOR HEATING MARKET: MARKET SHARE ANALYSIS, 2022	150
14.4	COMPETITIVE EVALUATION MATRIX, 2022	152
14.4.1	STARS	152
14.4.2	EMERGING LEADERS	152
14.4.3	PERVASIVE PLAYERS	152
14.4.4	PARTICIPANTS	152
FIGURE 55	UNDERFLOOR HEATING MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2022	153
14.5	STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022	153
14.5.1	PROGRESSIVE COMPANIES	153
14.5.2	RESPONSIVE COMPANIES	154
14.5.3	DYNAMIC COMPANIES	154
14.5.4	STARTING BLOCKS	154
FIGURE 56	UNDERFLOOR HEATING MARKET: STARTUPS/SMES EVALUATION MATRIX, 2022	154
14.6	COMPANY FOOTPRINT	155
TABLE 108	PRODUCT TYPE: COMPANY FOOTPRINT	155
TABLE 109	APPLICATION: COMPANY FOOTPRINT	156
TABLE 110	REGION: COMPANY FOOTPRINT	157
TABLE 111	COMPANY FOOTPRINT	158
14.7	COMPETITIVE BENCHMARKING	159
14.7.1	DETAILED LIST OF KEY STARTUPS/SMES	159
TABLE 112	UNDERFLOOR HEATING MARKET: KEY STARTUPS/SMES	159
14.7.2	UNDERFLOOR HEATING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY PRODUCT TYPE	159
TABLE 113	PRODUCT TYPE: STARTUPS/SMES FOOTPRINT	159
14.7.3	UNDERFLOOR HEATING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY APPLICATION	160
TABLE 114	APPLICATION: STARTUPS/SMES FOOTPRINT	160
14.7.4	UNDERFLOOR HEATING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY REGION	160
TABLE 115	REGION: STARTUPS/SMES FOOTPRINT	160
14.8	COMPETITIVE SCENARIOS AND TRENDS	161
14.8.1	PRODUCT LAUNCHES	161
TABLE 116	UNDERFLOOR HEATING MARKET: PRODUCT LAUNCHES, JANUARY 2021–MAY 2023	161
14.8.2	DEALS	162
TABLE 117	UNDERFLOOR HEATING MARKET: DEALS, JANUARY 2021–MAY 2023	162
15	COMPANY PROFILES	163
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
15.1	KEY PLAYERS	163
15.1.1	UPONOR CORPORATION	163
TABLE 118	UPONOR CORPORATION: COMPANY OVERVIEW	163
FIGURE 57	UPONOR CORPORATION: COMPANY SNAPSHOT	164
TABLE 119	UPONOR CORPORATION: PRODUCT/SOLUTION/SERVICE OFFERINGS	164
TABLE 120	UPONOR CORPORATION: DEALS	165
15.1.2	RESIDEO TECHNOLOGIES INC.	167
TABLE 121	RESIDEO TECHNOLOGIES INC.: COMPANY OVERVIEW	167
FIGURE 58	RESIDEO TECHNOLOGIES INC.: COMPANY SNAPSHOT	168
TABLE 122	RESIDEO TECHNOLOGIES INC.: PRODUCT/SOLUTION/SERVICE OFFERINGS	168
TABLE 123	RESIDEO TECHNOLOGIES INC.: PRODUCT LAUNCHES	169
TABLE 124	RESIDEO TECHNOLOGIES INC.: DEALS	169
15.1.3	NVENT	171
TABLE 125	NVENT: COMPANY OVERVIEW	171
FIGURE 59	NVENT: COMPANY SNAPSHOT	172
TABLE 126	NVENT: PRODUCT/SOLUTION/SERVICE OFFERINGS	172
TABLE 127	NVENT: PRODUCT LAUNCHES	173
TABLE 128	NVENT: DEALS	173
15.1.4	WARMUP	175
TABLE 129	WARMUP: COMPANY OVERVIEW	175
TABLE 130	WARMUP: PRODUCT/SOLUTION/SERVICE OFFERINGS	176
TABLE 131	WARMUP: DEALS	176
15.1.5	REHAU LTD	178
TABLE 132	REHAU LTD: COMPANY OVERVIEW	178
FIGURE 60	REHAU LTD: COMPANY SNAPSHOT	179
TABLE 133	REHAU LTD: PRODUCT/SOLUTION/SERVICE OFFERINGS	179
TABLE 134	REHAU LTD: PRODUCT LAUNCHES	180
15.1.6	EMERSON ELECTRIC CO.	181
TABLE 135	EMERSON ELECTRIC CO.: COMPANY OVERVIEW	181
FIGURE 61	EMERSON ELECTRIC CO.: COMPANY SNAPSHOT	182
TABLE 136	EMERSON ELECTRIC CO.: PRODUCT/SOLUTION/SERVICE OFFERINGS	183
15.1.7	ROBERT BOSCH GMBH	184
TABLE 137	ROBERT BOSCH GMBH: COMPANY OVERVIEW	184
FIGURE 62	ROBERT BOSCH GMBH: COMPANY SNAPSHOT	185
TABLE 138	ROBERT BOSCH GMBH: PRODUCT/SOLUTION/SERVICE OFFERINGS	186
15.1.8	DANFOSS	187
TABLE 139	DANFOSS: COMPANY OVERVIEW	187
FIGURE 63	DANFOSS: COMPANY SNAPSHOT	188
TABLE 140	DANFOSS: PRODUCT/SOLUTION/SERVICE OFFERINGS	188
TABLE 141	DANFOSS: PRODUCT LAUNCHES	189
15.1.9	MITSUBISHI ELECTRIC CORPORATION	190
TABLE 142	MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW	190
FIGURE 64	MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT	191
TABLE 143	MITSUBISHI ELECTRIC CORPORATION: PRODUCT/SOLUTION/SERVICE OFFERINGS	191
15.1.10	SIEMENS AG	192
TABLE 144	SIEMENS AG: COMPANY OVERVIEW	192
FIGURE 65	SIEMENS AG: COMPANY SNAPSHOT	193
TABLE 145	SIEMENS AG: PRODUCT/SOLUTION/SERVICE OFFERINGS	193
15.1.11	SCHNEIDER ELECTRIC	194
TABLE 146	SCHNEIDER ELECTRIC: COMPANY OVERVIEW	194
FIGURE 66	SCHNEIDER ELECTRIC: COMPANY SNAPSHOT	195
TABLE 147	SCHNEIDER ELECTRIC: PRODUCT/SOLUTION/SERVICE OFFERINGS	196
15.1.12	INCOGNITO HEAT CO.	197
TABLE 148	INCOGNITO HEAT CO.: COMPANY OVERVIEW	197
TABLE 149	IDEC CORPORATION: PRODUCT/SOLUTION/SERVICE OFFERINGS	197
15.2	OTHER PLAYERS	198
15.2.1	MYSON	198
15.2.2	THERMOSOFT INTERNATIONAL CORPORATION	198
15.2.3	FLEXEL INTERNATIONAL	199
15.2.4	NEXANS	199
15.2.5	AMUHEAT	200
15.2.6	ESI HEATING AND COOLING	200
15.2.7	JANES RADIANT	201
15.2.8	WARMAFLOOR	201
15.2.9	RAYOTEC LTD	202
15.2.10	RBT UNDERFLOOR LTD	202
15.2.11	UHEAT	203
15.2.12	SOLFEX LTD	203
15.2.13	SCHLUTER-SYSTEMS	204
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
16	APPENDIX	205
16.1	INSIGHTS FROM INDUSTRY EXPERTS	205
16.2	DISCUSSION GUIDE	205
16.3	KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL	208
16.4	CUSTOMIZATION OPTIONS	210
16.5	RELATED REPORTS	210
16.6	AUTHOR DETAILS	211
❖ 免責事項 ❖
http://www.globalresearch.jp/disclaimer



 
			 
					
							
			 
					
							
			 
					
							
			 
					
							
			 
					
							
			 
					
							
			 
					
							
			 
					
							
			