GITNUX MARKETDATA REPORT 2024

Underfloor Heating Industry Statistics

The underfloor heating industry is projected to experience steady growth in the upcoming years, fueled by increasing adoption of energy-efficient heating systems and advancements in technology.

Highlights: Underfloor Heating Industry Statistics

  • The global underfloor heating market size was valued at USD 4.2 billion in 2020.
  • The underfloor heating market is expected to grow at a compound annual growth rate (CAGR) of 7.3% from 2021 to 2028.
  • Electric systems dominated the underfloor heating market accounting for a 61.0% share in 2020.
  • Europe accounted for the largest share of the underfloor heating market in 2020, over 40% of the global market.
  • Water-based underfloor heating systems are projected to grow at a CAGR of 7.8% from 2021 to 2028.
  • Commercial underfloor heating systems represented 20% of the total market share in 2020.
  • The UK underfloor heating market alone was worth $77 million in 2017.
  • The North American underfloor heating market is expected to reach $1.1 billion by 2025.
  • The underfloor heating market in China is expected to grow at a CAGR of 12% until 2023.
  • By 2024, the global underfloor heating market is forecast to exceed $8 billion.
  • The residential segment accounted for the largest market share, over 60% in 2020.
  • The need for energy-efficient solutions and increasing government initiatives worldwide are expected to drive the underfloor heating market.
  • The retail sector is expected to register the highest CAGR of 8.1% in the underfloor heating market from 2021 to 2028.
  • In 2019, East Asia held a substantial share in the global underfloor heating market.
  • The hydronic underfloor heating segment is expected to grow by over $1 billion USD in North America through 2027.
  • The demand for underfloor heating systems in the healthcare industry is expected to increase at a CAGR of 6.5% from 2021 to 2028.

Table of Contents

The Latest Underfloor Heating Industry Statistics Explained

The global underfloor heating market size was valued at USD 4.2 billion in 2020.

The statistic indicates that the total value of the global underfloor heating market in terms of revenue was USD 4.2 billion in the year 2020. This figure represents the collective amount of money generated from the sales of underfloor heating systems and related products and services worldwide during that year. The market size reflects the scale and economic significance of the underfloor heating industry, highlighting its relevance and impact on the construction, residential, and commercial sectors. This statistic serves as a key indicator for stakeholders, investors, and policymakers to assess the market’s performance, trends, and growth potential within the underfloor heating industry.

The underfloor heating market is expected to grow at a compound annual growth rate (CAGR) of 7.3% from 2021 to 2028.

This statistic indicates that the underfloor heating market is projected to expand steadily at a compound annual growth rate (CAGR) of 7.3% between the years 2021 and 2028. A CAGR provides a more accurate representation of growth over time compared to a simple annual growth rate, as it takes into account the compounding effect on an investment or market. In this case, the forecasted CAGR suggests that the underfloor heating market is poised for significant growth over the specified timeframe, reflecting increasing demand for advanced heating solutions in residential and commercial properties. This anticipated growth trend indicates potential opportunities for businesses and investors operating within the underfloor heating industry to capitalize on the expanding market and stay competitive.

Electric systems dominated the underfloor heating market accounting for a 61.0% share in 2020.

This statistic indicates that electric systems were the most prevalent type of underfloor heating technology in the market in 2020, capturing a majority share of 61.0%. This suggests that electric underfloor heating systems were more popular and widely adopted compared to other types of heating systems such as hydronic or air-based systems. The dominance of electric systems may be attributed to factors such as ease of installation, cost-effectiveness, and efficiency, prompting consumers to choose this technology over alternatives. Overall, the high market share of electric systems highlights their significance and impact on the underfloor heating industry in 2020.

Europe accounted for the largest share of the underfloor heating market in 2020, over 40% of the global market.

The statistic indicates that Europe represented the dominant geographical region in terms of market share within the underfloor heating industry in 2020, capturing over 40% of the global market. This suggests that Europe has a strong presence and significant influence in the underfloor heating sector compared to other regions around the world. The high market share in Europe may be attributed to factors such as strong demand for energy-efficient heating solutions, favorable government regulations, and a well-established infrastructure for underfloor heating systems. This statistic highlights Europe as a key player in the underfloor heating market and emphasizes the region’s importance in driving the growth and development of the industry on a global scale.

Water-based underfloor heating systems are projected to grow at a CAGR of 7.8% from 2021 to 2028.

The statistic indicates that the market for water-based underfloor heating systems is expected to exhibit a Compound Annual Growth Rate (CAGR) of 7.8% over the period from 2021 to 2028. This growth projection implies that the demand for these heating systems is anticipated to steadily increase at an annual average rate of 7.8% during the specified timeframe. The CAGR is a useful metric for assessing the growth rate of a market or industry over multiple years, providing insight into the potential expansion of the water-based underfloor heating sector in the foreseeable future.

Commercial underfloor heating systems represented 20% of the total market share in 2020.

The statistic “Commercial underfloor heating systems represented 20% of the total market share in 2020” indicates that among all heating systems in the market in 2020, the commercial underfloor heating sector held a significant portion, accounting for 20% of the market share. This suggests that commercial underfloor heating systems were a popular choice or had gained prominence in the industry that year. It also implies that there is a notable demand for underfloor heating systems in commercial settings compared to other types of heating systems, showcasing a preference for this technology among commercial property owners or developers.

The UK underfloor heating market alone was worth $77 million in 2017.

The statistic indicates that in 2017, the underfloor heating market in the United Kingdom was valued at $77 million. This figure represents the total revenue generated by the sales of underfloor heating systems within the UK market during that year. The market value of $77 million reflects the level of demand for underfloor heating systems in the UK, which are used for heating residential and commercial spaces by installing heating elements directly beneath the floor surface. This statistic highlights the size and economic significance of the underfloor heating industry in the UK, indicating a substantial market for this heating technology in the country.

The North American underfloor heating market is expected to reach $1.1 billion by 2025.

This statistic indicates the anticipated growth of the North American underfloor heating market, projecting that its total value will increase to $1.1 billion by the year 2025. This suggests a positive trend in the market, likely driven by factors such as increasing awareness and demand for energy-efficient heating solutions, technological advancements making underfloor heating systems more accessible, and potentially favorable economic conditions leading to greater investments in home improvement projects. The projected growth signifies opportunities for businesses operating within the underfloor heating industry to capitalize on this expanding market and for consumers to benefit from a wider range of choices and potentially more competitive pricing.

The underfloor heating market in China is expected to grow at a CAGR of 12% until 2023.

The statistic states that the underfloor heating market in China is projected to experience a Compound Annual Growth Rate (CAGR) of 12% until the year 2023. This means that the market is expected to grow steadily at a rate of 12% per year on average over the specified period. A high CAGR suggests that the underfloor heating industry in China is anticipated to expand significantly and demonstrates a favorable economic outlook for this market segment. Factors such as increasing urbanization, rising disposable incomes, and growing awareness of energy-efficient heating solutions could be driving this growth trajectory. This statistic provides valuable insights for businesses and investors looking to capitalize on the opportunities in the underfloor heating market in China.

By 2024, the global underfloor heating market is forecast to exceed $8 billion.

The statistic “By 2024, the global underfloor heating market is forecast to exceed $8 billion” indicates the projected growth and scale of the underfloor heating industry. This forecast suggests that by the year 2024, the total value of the global market for underfloor heating systems is expected to surpass $8 billion. This growth projection likely reflects increasing consumer awareness of the benefits of underfloor heating, such as energy efficiency and comfort, leading to a greater demand for such systems worldwide. The statistic highlights the significant market potential for underfloor heating technologies and the corresponding opportunities for businesses operating in this industry to capitalize on this growing market.

The residential segment accounted for the largest market share, over 60% in 2020.

This statistic indicates that the residential segment held the largest portion of the market in 2020, representing over 60% of the total market share. This suggests that residential properties, such as homes and apartments, were the dominant sector within the market during that time period. The significance of this statistic lies in highlighting the strong presence and influence of the residential market in driving overall market dynamics. It implies that the majority of real estate transactions or investments in 2020 were focused on residential properties, indicating a higher demand or value perceived in this segment compared to other market segments, such as commercial or industrial properties.

The need for energy-efficient solutions and increasing government initiatives worldwide are expected to drive the underfloor heating market.

The stated statistic indicates that the underfloor heating market is projected to grow due to the rising demand for energy-efficient heating solutions and the implementation of various government initiatives aimed at promoting sustainable practices. With a focus on reducing energy consumption and carbon emissions, underfloor heating systems have gained popularity as they offer an efficient and environmentally friendly way to heat buildings. As governments worldwide emphasize the importance of reducing energy use and transitioning towards cleaner technologies, the underfloor heating market is expected to benefit from these trends and witness increased adoption in both residential and commercial applications.

The retail sector is expected to register the highest CAGR of 8.1% in the underfloor heating market from 2021 to 2028.

The statistic indicates that the retail sector is projected to experience the highest Compounded Annual Growth Rate (CAGR) of 8.1% in the underfloor heating market during the period from 2021 to 2028. This suggests that the retail industry is expected to see significant growth in the adoption and installation of underfloor heating systems over the next few years. The CAGR of 8.1% reflects a consistent and steady increase in market size and demand for underfloor heating solutions within the retail sector, potentially driven by factors such as energy efficiency requirements, consumer preferences for sustainable and comfortable indoor environments, and the overall growth of the retail industry.

In 2019, East Asia held a substantial share in the global underfloor heating market.

The statistic suggests that in the year 2019, East Asia had a significant presence and influence in the global underfloor heating market compared to other regions worldwide. This could imply that a substantial portion of underfloor heating systems, products, or services were either produced, consumed, or distributed within East Asia, indicating the region’s strong foothold in this particular market. Factors contributing to East Asia’s prominence could include high demand for underfloor heating solutions, a strong manufacturing and technological base, favorable market conditions, or a well-established industry presence in the region. Ultimately, this statistic highlights the region’s importance and contribution to the global underfloor heating market landscape in 2019.

The hydronic underfloor heating segment is expected to grow by over $1 billion USD in North America through 2027.

This statistic indicates that the hydronic underfloor heating market in North America is projected to experience substantial growth over the next few years, with an anticipated increase of more than $1 billion USD by 2027. This suggests a significant expansion in the demand for hydronic underfloor heating systems in the region, driven by factors such as increasing awareness of the energy efficiency and comfort benefits offered by this technology, as well as growth in residential and commercial construction sectors. The projected growth in this segment highlights a growing trend towards the adoption of energy-efficient heating solutions in buildings, and presents opportunities for industry players to capitalize on this market expansion through product innovation and market strategies.

The demand for underfloor heating systems in the healthcare industry is expected to increase at a CAGR of 6.5% from 2021 to 2028.

This statistic indicates the anticipated annual growth rate of the demand for underfloor heating systems within the healthcare industry over the period from 2021 to 2028. The compound annual growth rate (CAGR) of 6.5% suggests that, on average, the demand for underfloor heating systems is projected to increase by 6.5% each year during this time frame. This growth rate reflects a positive trend in the adoption of underfloor heating systems in healthcare facilities, potentially driven by factors such as the benefits of improved comfort, energy efficiency, and infection control that underfloor heating systems can offer in healthcare settings.

References

0. – https://www.www.ibisworld.com

1. – https://www.www.persistencemarketresearch.com

2. – https://www.www.techsciresearch.com

3. – https://www.www.gminsights.com

4. – https://www.www.grandviewresearch.com

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

Table of Contents

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!