床暖房市場 – 2029年までの世界予測

Underfloor Heating Market - Global Forecast to 2029

床暖房市場 - タイプ (マニホールドとバルブ、ゾーンバルブ、加熱パイプ、配線センター、ゾーンバルブ、サーマルアクチュエーター、加熱ケーブル、マット、サーモスタットとセンサー)、提供内容、設置タイプ (新規、改造)、地域別 - 2029年までの世界予測
Underfloor Heating Market by Type (Manifolds & Valves, Zone Valves, Heating Pipes, Wiring Centers, Zone Valves, Thermal Actuators, Heating Cales, Mats, Thermostats & Sensors), Offering, Installation Type (New, Retrofit), Region - Global Forecast to 2029
出版社MarketsandMarkets
出版年月2024年8月
ページ数213
図表数215
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The global underfloor heating market was valued at USD 5.3 billion in 2024 and is estimated to reach USD 7.6 billion by 2029, registering a CAGR of 7.3% during the forecast period.

世界の床暖房市場は2024年に53億ドルと評価され、2029年までに76億ドルに達すると推定されており、予測期間中に7.3%のCAGRを記録します。

The rising urbanization, regulatory requirements for sustainable construction activities, enhanced air quality inside the residential as well as commercial complexes, zoning capabilities as well as other strategies foster a reasonable setting for underfloor heating market.

床暖房市場 - 2029年までの世界予測

“Electric to grow significantly in underfloor heating market.”

Underfloor heating systems that run on electricity function similarly to electric blankets. The system generates heat by passing electricity through the cable installed beneath the floor as heating pads. While this heating type is unsuitable for large areas or cost-effective, it is ideal for smaller spaces. Electric underfloor heating systems utilize non-corrosive and flexible heating elements, making them easy to install. They require fewer components compared to hydronic underfloor heating systems. These systems are commonly used to heat carpets, rugs, laminates, tiles, and wood floors and provide floor warming.

“New installation contributes significant share in the underfloor heating market.”

In 2023, the new installation segment accounted for a larger market share, and a similar trend is likely to be observed during the forecast period, as the use of underfloor heating systems is on the rise in newly constructed residential and commercial buildings. Additionally, many developed nations, such as the US, the UK, and Germany, have implemented strict energy efficiency regulations for buildings.

床暖房市場 - 2029年までの世界予測 12

Underfloor heating systems can help developers reduce installation costs in new buildings by utilizing on-site laborers for basic system installation and specialist contractors for electric system and boiler commissioning and connection. Although the installation cost of water-based underfloor heating systems is initially higher than standard radiator systems, they are more energy-efficient (>30%) than traditional central heating systems. Additionally, underfloor heating systems are now being offered as a value-added feature by builders to attract home buyers. All these trends indicate that newly installed underfloor heating systems are expected to dominate the market in the near future.

床暖房市場 - 2029年までの世界予測 ecosystem

“North America will contribute significantly to the growth rate in underfloor heating market.”

North America is poised to contribute a significant share to the underfloor heating market for several compelling reasons. The region boasts a robust industrial, commercial as well as residential base across that forms an integral to managing complex heating processes, ensuring regulatory compliance, and improving efficiency. Advanced heating technologies enable real-time monitoring, predictive maintenance, and data analytics, thereby supporting agile decision-making and continuous improvement initiatives.

In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the underfloor heating market place.

  • By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
  • By Designation: C-level Executives – 48%, Directors – 33%, and Others – 37%
  • By Region: North America– 35%, Europe – 18%, Asia Pacific– 40% and RoW- 5%

床暖房市場 - 2029年までの世界予測 region

The study includes an in-depth competitive analysis of these key players in the underfloor heating market, with their company profiles, recent developments, and key market strategies.

Research Coverage

This research report categorizes the underfloor heating market by type, end-use, and region (North America, Europe, Asia Pacific). The report scope covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the underfloor heating market. A detailed analysis of the key industry players has provided insights into their business overview, solutions and services, key strategies, Contracts, partnerships, and agreements. New product and service launches, acquisitions, and recent developments associated with the underfloor heating market. This report covers competitive analysis of upcoming startups in the underfloor heating market ecosystem.

Reasons to buy this report

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the underfloor heating market, and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Increasing demand for cost-effective and advanced heating solutions, Government-led support and incentives for boosting adoption of underfloor heating solutions, Presence of Stringent building codes, High comfort and flexibility associated with underfloor heating systems), restraints (Longer response time than other heating systems, High Installation cost), opportunities (Technological advancements and digitalization in underfloor heating solution, Emergence of Internet of Things (IoT) based underfloor heating systems, Expanding construction industry), and challenges (Setup issues associated with underfloor heating systems) influencing the growth of the underfloor heating market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the underfloor heating market
  • Market Development: Comprehensive information about lucrative markets – the report analyses the underfloor heating market across varied regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the underfloor heating market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like as Resideo Technologies Inc (US), nVent Electric Plc (UK), Warmup (UK) Siemens (Germany), Emerson Electric Co. (US), Mitsubishi Electric Corporation (Japan) and Schneider Electric (US), among others in the underfloor heating market.

Table of Contents

1            INTRODUCTION            21

1.1         STUDY OBJECTIVES      21

1.2         MARKET DEFINITION   21

1.3         STUDY SCOPE  22

1.3.1      MARKETS COVERED     22

1.3.2      YEARS CONSIDERED     23

1.3.3      INCLUSIONS AND EXCLUSIONS 23

1.4         CURRENCY CONSIDERED          23

1.5         UNITS CONSIDERED     24

1.6         LIMITATIONS.  24

1.7         STAKEHOLDERS            24

1.8         SUMMARY OF CHANGES            24

2            RESEARCH METHODOLOGY     25

2.1         RESEARCH DATA           25

2.1.1      SECONDARY DATA       26

2.1.1.1   Key secondary sources       27

2.1.1.2   Key data from secondary sources     27

2.1.2      PRIMARY DATA 27

2.1.2.1   Intended participants in primary interviews   28

2.1.2.2   Key participants in primary interviews           28

2.1.2.3   Breakdown of primaries     28

2.1.2.4   Key industry insights          29

2.1.2.5   Key data from primary sources         29

2.1.3      SECONDARY AND PRIMARY RESEARCH 30

2.2         MARKET SIZE ESTIMATION       31

2.2.1      BOTTOM-UP APPROACH           31

2.2.1.1   Bottom-up approach for estimating market size           31

2.2.2      TOP-DOWN APPROACH             32

2.2.2.1   Top-down approach for estimating market size            32

2.3         MARKET BREAKDOWN AND DATA TRIANGULATION    34

2.4         RESEARCH ASSUMPTIONS         35

2.5         RESEARCH LIMITATIONS           35

2.6         RISK ASSESSMENT         35

3            EXECUTIVE SUMMARY 36

4            PREMIUM INSIGHTS      39

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN UNDERFLOOR HEATING MARKET        39

4.2         UNDERFLOOR HEATING MARKET, BY OFFERING           39

4.3         UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE 40

4.4         UNDERFLOOR HEATING MARKET, BY APPLICATION    40

4.5         UNDERFLOOR HEATING MARKET, BY COUNTRY            41

5            MARKET OVERVIEW     42

5.1         INTRODUCTION            42

5.2         MARKET DYNAMICS     42

5.2.1      DRIVERS            43

5.2.1.1   Increasing demand for cost-effective and advanced heating solutions       43

5.2.1.2   Rising adoption due to government support and incentives        43

5.2.1.3   Implementation of stringent building codes   43

5.2.1.4   Integration of renewable energy sources        44

5.2.2      RESTRAINTS     44

5.2.2.1   Longer response time than for other heating systems   44

5.2.2.2   High installation costs        45

5.2.2.3   Time-consuming and complex regulatory approval process        45

5.2.3      OPPORTUNITIES           46

5.2.3.1   Technological advancements and digitalization trends 46

5.2.3.2   Emergence of IoT-based underfloor heating systems    46

5.2.3.3   Expanding construction industry      47

5.2.4      CHALLENGES   48

5.2.4.1   Setup issues associated with underfloor heating systems             48

5.3         AI IMPACT ON UNDERFLOOR HEATING MARKET          49

5.4         SUPPLY CHAIN ANALYSIS          50

5.5         ECOSYSTEM ANALYSIS 51

5.6         INVESTMENT AND FUNDING SCENARIO            53

5.7         PRICING ANALYSIS        53

5.7.1      AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY COMPONENT TYPE    54

5.7.2      AVERAGE SELLING PRICE TREND, BY REGION  55

5.8         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS       56

5.9         TECHNOLOGY ANALYSIS           56

5.9.1      KEY TECHNOLOGIES    56

5.9.1.1   Internet of Things (IoT)    56

5.9.1.2   Predictive maintenance     57

5.9.2      COMPLEMENTARY TECHNOLOGIES     57

5.9.2.1   Artificial intelligence (AI)  57

5.9.3      ADJACENT TECHNOLOGIES      57

5.9.3.1   Graphene heating films      57

5.10       PORTER’S FIVE FORCES ANALYSIS         58

5.10.1    THREAT OF NEW ENTRANTS    59

5.10.2    THREAT OF SUBSTITUTES         59

5.10.3    BARGAINING POWER OF SUPPLIERS     59

5.10.4    BARGAINING POWER OF BUYERS           59

5.10.5    INTENSITY OF COMPETITIVE RIVALRY 60

5.11       KEY STAKEHOLDERS AND BUYING CRITERIA    60

5.11.1    KEY STAKEHOLDERS IN BUYING PROCESS         60

5.11.2    BUYING CRITERIA         61

5.12       CASE STUDY ANALYSIS 62

5.12.1    NVENT RAYCHEM INSTALLS RESPONSIVE UNDERFLOOR HEATING SYSTEM AT LUXURY DEVELOPMENT    62

5.12.2    CONTINENTAL’S ONEBOARD SYSTEM SOLVES STRUCTURAL CHALLENGES AT NEWBUILD PROPERTY            62

5.12.3    DEVEX SYSTEMS PROVIDES HYDRONIC UNDERFLOOR HEATING AT AUSTRALIAN CHURCH 63

5.12.4    WARMUP PROVIDES HYDRONIC UNDERFLOOR HEATING SYSTEM FOR UPMARKET APARTMENT COMPLEX      63

5.12.5    WARMUP SUCCESSFULLY INSTALLS ZONE-BASED UNDERFLOOR HEATING SYSTEM AT HOUSING DEVELOPMENT           64

5.12.6    THERMO FLOOR UK DESIGNS MODERN UNDERFLOOR HEATING SYSTEM FOR TRINITY COLLEGE CHAPEL           64

5.13       TRADE ANALYSIS          65

5.13.1    IMPORT SCENARIO (HS CODE 841861)  65

5.13.2    EXPORT SCENARIO (HS CODE 841861)  65

5.14       PATENT ANALYSIS        66

5.15       KEY CONFERENCES AND EVENTS, 2024–2025     69

5.16       REGULATORY LANDSCAPE       69

5.16.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          69

5.16.2    STANDARDS     72

6            TYPES OF FLOOR COVERINGS FOR UNDERFLOOR HEATING     73

6.1         INTRODUCTION            73

6.2         TILE AND STONE           73

6.2.1      PROVIDE LONG-LASTING WARMTH DUE TO HIGH THERMAL CONDUCTIVITY             73

6.3         WOOD FLOORING         74

6.3.1      OFFERS VARYING DEGREES OF WARMTH BASED ON DENSITY  74

6.4         LAMINATE FLOORING 75

6.4.1      MOST APPROPRIATE CHOICE FOR RESIDENTIAL APPLICATIONS              75

6.5         VINYL AND LINOLEUM FLOORING        75

6.5.1      PROVIDES QUICK HEATING AND COOLING IN HOMES 75

6.6         RUBBER AND CARPET FLOORING          75

6.6.1      HIGHLY CONDUCTIVE RUBBER PREFERRED IN INDUSTRIAL AREAS              75

7            CONNECTION TYPES OF UNDERFLOOR HEATING SYSTEMS      76

7.1         INTRODUCTION            76

7.2         CONNECTED    76

7.2.1      IMPROVED FUNCTIONALITY DUE TO INTEGRATION OF NEW TECHNOLOGIES            76

7.3         NON-CONNECTED        76

7.3.1      COST-EFFECTIVE AND EASY TO INSTALL          76

8            SUBSYSTEMS INTEGRATED WITH UNDERFLOOR HEATING SYSTEMS              77

8.1         INTRODUCTION            77

8.2         HEATING SYSTEMS       77

8.2.1      PIPES AND CABLES       77

8.2.1.1   Facilitate heat transfer to floor         77

8.2.2      DISTRIBUTION UNITS   77

8.2.2.1   Transport hot water from heating systems to heat exchangers    77

8.3         CONTROL SYSTEMS      77

8.3.1      SENSORS           77

8.3.1.1   Used to measure floor temperature  77

8.3.2      CONTROL INTERFACES             78

8.3.2.1   Help control thermostats in heating systems  78

9            UNDERFLOOR HEATING MARKET, BY INSTALLATION TYPE      79

9.1         INTRODUCTION            80

9.2         NEW INSTALLATIONS  82

9.2.1      STRICT ENERGY EFFICIENCY STANDARDS AND CODES TO DRIVE DEMAND           82

9.3         RETROFIT INSTALLATIONS      83

9.3.1      WIDER ADOPTION OF ELECTRIC SYSTEMS FOR RENOVATIONS TO BOOST MARKET            83

10          UNDERFLOOR HEATING MARKET, BY OFFERING           85

10.1       INTRODUCTION            86

10.2       HARDWARE      87

10.2.1    ADVANCEMENTS RELATED TO HARDWARE INTEGRATION TO DRIVE DEMAND           87

10.3       SERVICES          89

10.3.1    INCREASED DEMAND IN RESIDENTIAL AND COMMERCIAL SECTORS TO BOOST MARKET      89

11          UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE AND COMPONENT TYPE       91

11.1       INTRODUCTION            92

11.2       HYDRONIC UNDERFLOOR HEATING     95

11.2.1    HEATING PIPES             98

11.2.1.1 Designed to disperse heat evenly     98

11.2.2    THERMOSTATS AND SENSORS 99

11.2.2.1 Used to regulate temperature          99

11.2.3    THERMAL ACTUATORS 99

11.2.3.1 Designed to control hot water flow in underfloor heating zones 99

11.2.4    ZONE VALVES  99

11.2.4.1 Used to control heating operations of different building zones   99

11.2.5    WIRING CENTERS          99

11.2.5.1 Regulate heating operations from centralized location 99

11.2.6    MANIFOLDS AND VALVES         100

11.2.6.1 Used to control room temperature   100

11.3       ELECTRIC UNDERFLOOR HEATING       100

11.3.1    HEATING CABLES          103

11.3.1.1 Used to facilitate underfloor heating 103

11.3.2    HEATING MATS             103

11.3.2.1 Critical part of DIY-based underfloor heating systems 103

11.3.3    THERMOSTATS AND SENSORS 103

11.3.3.1 Monitor and maintain floor temperature        103

12          UNDERFLOOR HEATING MARKET, BY APPLICATION    104

12.1       INTRODUCTION            105

12.2       RESIDENTIAL   107

12.2.1    SINGLE-FAMILY HOMES             107

12.2.1.1 Need for energy efficiency and design flexibility to drive demand             107

12.2.2    APARTMENTS  107

12.2.2.1 Reduced energy consumption to boost market             107

12.3       COMMERCIAL  110

12.3.1    RETAIL 112

12.3.1.1 Growing adoption of humidity control systems to drive market  112

12.3.2    TRANSPORTATION AND LOGISTICS     112

12.3.2.1 Need for efficient heating systems to fuel adoption      112

12.3.3    HOSPITALITY   112

12.3.3.1 High energy efficiency and esthetic advantages to drive demand 112

12.4       HEALTHCARE  112

12.4.1    GROWING DEPLOYMENT IN MEDICAL FACILITIES TO PROPEL MARKET            112

12.5       SPORTS & ENTERTAINMENT    115

12.5.1    RISING USE TO CREATE COMFORTABLE ENVIRONMENTS TO DRIVE MARKET            115

12.6       INDUSTRIAL     117

12.6.1    INCREASING DEPLOYMENT IN VARIOUS SETTINGS TO DRIVE DEMAND           117

12.7       OTHERS             119

13          UNDERFLOOR HEATING MARKET, BY REGION 122

13.1       INTRODUCTION            123

13.2       NORTH AMERICA          126

13.2.1    MACROECONOMIC OUTLOOK FOR NORTH AMERICA   128

13.2.2    US         128

13.2.2.1 Strict government regulations to drive demand            128

13.2.3    CANADA            129

13.2.3.1 Increasing public awareness to boost market  129

13.2.4    MEXICO             129

13.2.4.1 Government efforts to increase adoption to bolster market        129

13.3       EUROPE             130

13.3.1    MACROECONOMIC OUTLOOK FOR EUROPE     133

13.3.2    UK         133

13.3.2.1 Government initiatives and regulations to boost market             133

13.3.3    GERMANY         134

13.3.3.1 Mandatory construction standards and directives to drive demand           134

13.3.4    FRANCE             134

13.3.4.1 Focus on sustainability to fuel market            134

13.3.5    BELGIUM          134

13.3.5.1 Increasing renovation and retrofit projects to boost market        134

13.3.6    NETHERLANDS 135

13.3.6.1 Focus on reducing energy consumption to drive market             135

13.3.7    POLAND            135

13.3.7.1 Commitment to thermal modernization to boost demand           135

13.3.8    REST OF EUROPE           135

13.4       ASIA PACIFIC    136

13.4.1    MACROECONOMIC OUTLOOK FOR ASIA PACIFIC          138

13.4.2    CHINA  139

13.4.2.1 Need to reduce greenhouse gas emissions to drive market          139

13.4.3    JAPAN  139

13.4.3.1 Increasing demand for modern heating solutions to fuel market 139

13.4.4    SOUTH KOREA 139

13.4.4.1 Rising requirement for efficient heating systems to propel demand          139

13.4.5    REST OF ASIA PACIFIC  140

13.5       ROW     140

13.5.1    MACROECONOMIC OUTLOOK FOR ROW           142

13.5.2    MIDDLE EAST  142

13.5.2.1 Rising construction of premium properties to drive demand      142

13.5.3    AFRICA 142

13.5.3.1 Increased demand for residential and commercial properties to boost market              142

13.5.4    SOUTH AMERICA           142

13.5.4.1 Growing demand for sustainable solutions to bolster market      142

14          COMPETITIVE LANDSCAPE       143

14.1       OVERVIEW        143

14.2       KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2024     143

14.3       REVENUE ANALYSIS, 2020–2023 145

14.4       MARKET SHARE ANALYSIS, 2023             145

14.5       COMPANY VALUATION AND FINANCIAL METRICS        148

14.6       BRAND/PRODUCT COMPARISON          149

14.7       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   150

14.7.1    STARS  150

14.7.2    EMERGING LEADERS    150

14.7.3    PERVASIVE PLAYERS     150

14.7.4    PARTICIPANTS 150

14.7.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      152

14.7.5.1 Company footprint            152

14.7.5.2 Product type footprint       153

14.7.5.3 Installation type footprint  154

14.7.5.4 Application footprint         155

14.7.5.5 Region footprint  156

14.8       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          157

14.8.1    PROGRESSIVE COMPANIES       157

14.8.2    RESPONSIVE COMPANIES          157

14.8.3    DYNAMIC COMPANIES 157

14.8.4    STARTING BLOCKS       157

14.8.5    COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2023             159

14.8.5.1 Detailed list of key startups/SMEs   159

14.8.5.2 Competitive benchmarking of key startups/SMEs        160

14.9       COMPETITIVE SCENARIO          161

14.9.1    PRODUCT LAUNCHES  161

14.9.2    DEALS  162

15          COMPANY PROFILES    163

15.1       KEY PLAYERS   163

15.1.1    RESIDEO TECHNOLOGIES INC. 163

15.1.1.1 Business overview 163

15.1.1.2 Products/Solutions/Services offered 164

15.1.1.3 Recent developments         165

15.1.1.3.1            Product launches 165

15.1.1.3.2            Deals     165

15.1.1.4 MnM view           166

15.1.1.4.1            Key strengths/Right to win 166

15.1.1.4.2            Strategic choices  166

15.1.1.4.3            Weaknesses/Competitive threats     166

15.1.2    NVENT 167

15.1.2.1 Business overview 167

15.1.2.2 Products/Solutions/Services offered 169

15.1.2.3 Recent developments         169

15.1.2.3.1            Product launches 169

15.1.2.3.2            Deals     170

15.1.2.4 MnM view           170

15.1.2.4.1            Key strengths/Right to win 170

15.1.2.4.2            Strategic choices  170

15.1.2.4.3            Weaknesses/Competitive threats     170

15.1.3    WARMUP PLC   171

15.1.3.1 Business overview 171

15.1.3.2 Products/Solutions/Services offered 171

15.1.3.3 Recent developments         172

15.1.3.3.1            Deals     172

15.1.3.4 MnM view           172

15.1.3.4.1            Key strengths/Right to win 172

15.1.3.4.2            Strategic choices  172

15.1.3.4.3            Weaknesses/Competitive threats     172

15.1.4    REHAU LTD      173

15.1.4.1 Business overview 173

15.1.4.2 Products/Solutions/Services offered 174

15.1.4.3 Recent developments         174

15.1.4.3.1            Product launches 174

15.1.4.4 MnM view           175

15.1.4.4.1            Key strengths/Right to win 175

15.1.4.4.2            Strategic choices  175

15.1.4.4.3            Weaknesses/Competitive threats     175

15.1.5    MAGNUM HEATING GROUP B.V.            176

15.1.5.1 Business overview 176

15.1.5.2 Products/Solutions/Services offered 177

15.1.6    UPONOR CORPORATION           179

15.1.6.1 Business overview 179

15.1.6.2 Products/Solutions/Services offered 180

15.1.6.3 Recent developments         181

15.1.6.3.1            Deals     181

15.1.6.4 MnM view           181

15.1.6.4.1            Key strengths/Right to win 181

15.1.6.4.2            Strategic choices  181

15.1.6.4.3            Weaknesses/Competitive threats     181

15.1.7    EMERSON ELECTRIC CO.           182

15.1.7.1 Business overview 182

15.1.7.2 Products/Solutions/Services offered 184

15.1.8    ROBERT BOSCH GMBH 185

15.1.8.1 Business overview 185

15.1.8.2 Products/Solutions/Services offered 187

15.1.9    DANFOSS          188

15.1.9.1 Business overview 188

15.1.9.2 Products/Solutions/Services offered 190

15.1.9.3 Recent developments         190

15.1.9.3.1            Product launches 190

15.1.10  MITSUBISHI ELECTRIC CORPORATION 191

15.1.10.1             Business overview 191

15.1.10.2             Products/Solutions/Services offered 192

15.1.11  SIEMENS AG      193

15.1.11.1             Business overview 193

15.1.11.2             Products/Solutions/Services offered 194

15.1.12  SCHNEIDER ELECTRIC 195

15.1.12.1             Business overview 195

15.1.12.2             Products/Solutions/Services offered 197

15.1.13  INCOGNITO HEAT CO. 198

15.1.13.1             Business overview 198

15.1.13.2             Products/Solutions/Services offered 198

15.2       OTHER PLAYERS           199

15.2.1    MYSON 199

15.2.2    THERMOSOFT INTERNATIONAL CORPORATION           199

15.2.3    FLEXEL INTERNATIONAL          200

15.2.4    NEXANS             200

15.2.5    AMUHEAT         201

15.2.6    ESI HEATING AND COOLING    201

15.2.7    JANES RADIANT HEATING         202

15.2.8    WARMAFLOOR 202

15.2.9    RAYOTEC LTD 203

15.2.10  RBT UNDERFLOOR LTD             203

15.2.11  UHEAT 204

15.2.12  SCHLUTER-SYSTEMS    204

16          APPENDIX         205

16.1       INSIGHTS FROM INDUSTRY EXPERTS   205

16.2       DISCUSSION GUIDE      205

16.3       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             209

16.4       CUSTOMIZATION OPTIONS      211

16.5       RELATED REPORTS       211

16.6       AUTHOR DETAILS         212

LIST OF TABLES

TABLE 1             ROLE OF COMPANIES IN ECOSYSTEM   52

TABLE 2             AVERAGE SELLING PRICE TREND OF UNDERFLOOR HEATING SYSTEM COMPONENTS PROVIDED BY MAJOR PLAYERS (USD)  54

TABLE 3             AVERAGE SELLING PRICE TREND OF UNDERFLOOR HEATING SYSTEM COMPONENTS, 2020−2023 (USD)         55

TABLE 4             INDICATIVE PRICING TREND OF MANIFOLDS, BY REGION (USD)   55

TABLE 5             UNDERFLOOR HEATING MARKET: PORTER’S FIVE FORCES ANALYSIS          59

TABLE 6             INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)             60

TABLE 7             KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS              61

TABLE 8             UNDERFLOOR HEATING MARKET: MAJOR PATENTS     67

TABLE 9             UNDERFLOOR HEATING MARKET: CONFERENCES AND EVENTS, 2024–2025        69

TABLE 10           NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 70

TABLE 11           EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 71

TABLE 12           ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 72

TABLE 13           ROW: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 72

TABLE 14           UNDERFLOOR HEATING MARKET: KEY STANDARDS     72

TABLE 15           COMPARISON OF FLOOR COVERING TYPES      73

TABLE 16           ADVANTAGES OF VARIOUS FLOOR COVERING TYPES   74

TABLE 17           ADVANTAGES OF WOODEN FLOOR COVERINGS            74

TABLE 18           UNDERFLOOR HEATING MARKET, BY INSTALLATION TYPE,

2020–2023 (USD MILLION)          81

TABLE 19           UNDERFLOOR HEATING MARKET, BY INSTALLATION TYPE,

2024–2029 (USD MILLION)          81

TABLE 20           NEW INSTALLATIONS: UNDERFLOOR HEATING MARKET,

BY APPLICATION, 2020–2023 (USD MILLION)     83

TABLE 21           NEW INSTALLATIONS: UNDERFLOOR HEATING MARKET,

BY APPLICATION, 2024–2029 (USD MILLION)     83

TABLE 22          RETROFIT INSTALLATIONS: UNDERFLOOR HEATING MARKET,

BY APPLICATION, 2020–2023 (USD MILLION)     84

TABLE 23          RETROFIT INSTALLATIONS: UNDERFLOOR HEATING MARKET,

BY APPLICATION, 2024–2029 (USD MILLION)     84

TABLE 24           UNDERFLOOR HEATING MARKET, BY OFFERING, 2020–2023 (USD MILLION) 87

TABLE 25           UNDERFLOOR HEATING MARKET, BY OFFERING, 2024–2029 (USD MILLION) 87

TABLE 26           HARDWARE: UNDERFLOOR HEATING MARKET,

BY PRODUCT TYPE, 2020–2023 (USD MILLION)  88

TABLE 27           HARDWARE: UNDERFLOOR HEATING MARKET,

BY PRODUCT TYPE, 2024–2029 (USD MILLION)  89

TABLE 28           SERVICES: UNDERFLOOR HEATING MARKET,

BY PRODUCT TYPE, 2020–2023 (USD MILLION)  89

TABLE 29           SERVICES: UNDERFLOOR HEATING MARKET,

BY PRODUCT TYPE, 2024–2029 (USD MILLION)  90

TABLE 30           UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)     93

TABLE 31           UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)     93

TABLE 32           HYDRONIC UNDERFLOOR HEATING: UNDERFLOOR HEATING MARKET,

BY COMPONENT TYPE, 2020–2023 (MILLION UNITS/MILLION FEET)      94

TABLE 33           HYDRONIC UNDERFLOOR HEATING: UNDERFLOOR HEATING MARKET,

BY COMPONENT TYPE, 2024–2029 (MILLION UNITS/MILLION FEET)      94

TABLE 34           ELECTRIC UNDERFLOOR HEATING: UNDERFLOOR HEATING MARKET,

BY COMPONENT TYPE, 2020–2023 (MILLION UNITS/MILLION FEET/MILLION SQUARE FEET) 94

TABLE 35           ELECTRIC UNDERFLOOR HEATING: UNDERFLOOR HEATING MARKET,

BY COMPONENT TYPE, 2024–2029 (MILLION UNITS/MILLION FEET/MILLION SQUARE FEET) 95

TABLE 36           HYDRONIC UNDERFLOOR HEATING: UNDERFLOOR HEATING MARKET,

BY APPLICATION, 2020–2023 (USD MILLION)     96

TABLE 37           HYDRONIC UNDERFLOOR HEATING: UNDERFLOOR HEATING MARKET,

BY APPLICATION, 2024–2029 (USD MILLION)     97

TABLE 38           HYDRONIC UNDERFLOOR HEATING: UNDERFLOOR HEATING MARKET,

BY OFFERING, 2020–2023 (USD MILLION)            97

TABLE 39           HYDRONIC UNDERFLOOR HEATING: UNDERFLOOR HEATING MARKET,

BY OFFERING, 2024–2029 (USD MILLION)            97

TABLE 40           HYDRONIC UNDERFLOOR HEATING: UNDERFLOOR HEATING MARKET,

BY COMPONENT TYPE, 2020–2023 (USD MILLION)         98

TABLE 41           HYDRONIC UNDERFLOOR HEATING: UNDERFLOOR HEATING MARKET,

BY COMPONENT TYPE, 2024–2029 (USD MILLION)         98

TABLE 42           ELECTRIC UNDERFLOOR HEATING: UNDERFLOOR HEATING MARKET,

BY APPLICATION, 2020–2023 (USD MILLION)     100

TABLE 43           ELECTRIC UNDERFLOOR HEATING: UNDERFLOOR HEATING MARKET,

BY APPLICATION, 2024–2029 (USD MILLION)     101

TABLE 44           ELECTRIC UNDERFLOOR HEATING: UNDERFLOOR HEATING MARKET,

BY OFFERING, 2020–2023 (USD MILLION)            102

TABLE 45           ELECTRIC UNDERFLOOR HEATING: UNDERFLOOR HEATING MARKET,

BY OFFERING, 2024–2029 (USD MILLION)            102

TABLE 46           ELECTRIC UNDERFLOOR HEATING: UNDERFLOOR HEATING MARKET,

BY COMPONENT TYPE, 2020–2023 (USD MILLION)         102

TABLE 47           ELECTRIC UNDERFLOOR HEATING: UNDERFLOOR HEATING MARKET,

BY COMPONENT TYPE, 2024–2029 (USD MILLION)         102

TABLE 48           UNDERFLOOR HEATING MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     106

TABLE 49           UNDERFLOOR HEATING MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     106

TABLE 50           RESIDENTIAL: UNDERFLOOR HEATING MARKET,

BY PRODUCT TYPE, 2020–2023 (USD MILLION)  108

TABLE 51           RESIDENTIAL: UNDERFLOOR HEATING MARKET,

BY PRODUCT TYPE, 2024–2029 (USD MILLION)  108

TABLE 52           RESIDENTIAL: UNDERFLOOR HEATING MARKET,

BY INSTALLATION TYPE, 2020–2023 (USD MILLION)      108

TABLE 53           RESIDENTIAL: UNDERFLOOR HEATING MARKET,

BY INSTALLATION TYPE, 2024–2029 (USD MILLION)      108

TABLE 54           RESIDENTIAL: UNDERFLOOR HEATING MARKET,

BY REGION, 2020–2023 (USD MILLION)  109

TABLE 55           RESIDENTIAL: UNDERFLOOR HEATING MARKET,

BY REGION, 2024–2029 (USD MILLION)  109

TABLE 56           COMMERCIAL: UNDERFLOOR HEATING MARKET,

BY PRODUCT TYPE, 2020–2023 (USD MILLION)  110

TABLE 57           COMMERCIAL: UNDERFLOOR HEATING MARKET,

BY PRODUCT TYPE, 2024–2029 (USD MILLION)  110

TABLE 58           COMMERCIAL: UNDERFLOOR HEATING MARKET,

BY INSTALLATION TYPE, 2020–2023 (USD MILLION)      110

TABLE 59           COMMERCIAL: UNDERFLOOR HEATING MARKET,

BY INSTALLATION TYPE, 2024–2029 (USD MILLION)      111

TABLE 60           COMMERCIAL: UNDERFLOOR HEATING MARKET,

BY REGION, 2020–2023 (USD MILLION)  111

TABLE 61           COMMERCIAL: UNDERFLOOR HEATING MARKET,

BY REGION, 2024–2029 (USD MILLION)  111

TABLE 62           HEALTHCARE: UNDERFLOOR HEATING MARKET,

BY PRODUCT TYPE, 2020–2023 (USD MILLION)  113

TABLE 63           HEALTHCARE: UNDERFLOOR HEATING MARKET,

BY PRODUCT TYPE, 2024–2029 (USD MILLION)  113

TABLE 64           HEALTHCARE: UNDERFLOOR HEATING MARKET,

BY INSTALLATION TYPE, 2020–2023 (USD MILLION)      113

TABLE 65           HEALTHCARE: UNDERFLOOR HEATING MARKET,

BY INSTALLATION TYPE, 2024–2029 (USD MILLION)      114

TABLE 66           HEALTHCARE: UNDERFLOOR HEATING MARKET,

BY REGION, 2020–2023 (USD MILLION)  114

TABLE 67           HEALTHCARE: UNDERFLOOR HEATING MARKET,

BY REGION, 2024–2029 (USD MILLION)  114

TABLE 68           SPORTS & ENTERTAINMENT: UNDERFLOOR HEATING MARKET,

BY PRODUCT TYPE, 2020–2023 (USD MILLION)  115

TABLE 69           SPORTS & ENTERTAINMENT: UNDERFLOOR HEATING MARKET,

BY PRODUCT TYPE, 2024–2029 (USD MILLION)  115

TABLE 70           SPORTS & ENTERTAINMENT: UNDERFLOOR HEATING MARKET,

BY INSTALLATION TYPE, 2020–2023 (USD MILLION)      115

TABLE 71           SPORTS & ENTERTAINMENT: UNDERFLOOR HEATING MARKET,

BY INSTALLATION TYPE, 2024–2029 (USD MILLION)      116

TABLE 72           SPORTS & ENTERTAINMENT: UNDERFLOOR HEATING MARKET,

BY REGION, 2020–2023 (USD MILLION)  116

TABLE 73           SPORTS & ENTERTAINMENT: UNDERFLOOR HEATING MARKET,

BY REGION, 2024–2029 (USD MILLION)  116

TABLE 74           INDUSTRIAL: UNDERFLOOR HEATING MARKET,

BY PRODUCT TYPE, 2020–2023 (USD MILLION)  117

TABLE 75           INDUSTRIAL: UNDERFLOOR HEATING MARKET,

BY PRODUCT TYPE, 2024–2029 (USD MILLION)  117

TABLE 76           INDUSTRIAL: UNDERFLOOR HEATING MARKET,

BY INSTALLATION TYPE, 2020–2023 (USD MILLION)      118

TABLE 77           INDUSTRIAL: UNDERFLOOR HEATING MARKET,

BY INSTALLATION TYPE, 2024–2029 (USD MILLION)      118

TABLE 78           INDUSTRIAL: UNDERFLOOR HEATING MARKET,

BY REGION, 2020–2023 (USD MILLION)  118

TABLE 79           INDUSTRIAL: UNDERFLOOR HEATING MARKET,

BY REGION, 2024–2029 (USD MILLION)  119

TABLE 80           OTHERS: UNDERFLOOR HEATING MARKET,

BY PRODUCT TYPE, 2020–2023 (USD MILLION)  119

TABLE 81           OTHERS: UNDERFLOOR HEATING MARKET,

BY PRODUCT TYPE, 2024–2029 (USD MILLION)  120

TABLE 82           OTHERS: UNDERFLOOR HEATING MARKET,

BY INSTALLATION TYPE, 2020–2023 (USD MILLION)      120

TABLE 83           OTHERS: UNDERFLOOR HEATING MARKET,

BY INSTALLATION TYPE, 2024–2029 (USD MILLION)      120

TABLE 84           OTHERS: UNDERFLOOR HEATING MARKET,

BY REGION, 2020–2023 (USD MILLION)  121

TABLE 85           OTHERS: UNDERFLOOR HEATING MARKET,

BY REGION, 2024–2029 (USD MILLION)  121

TABLE 86           UNDERFLOOR HEATING MARKET, BY REGION, 2020–2023 (USD MILLION)          124

TABLE 87           UNDERFLOOR HEATING MARKET, BY REGION, 2024–2029 (USD MILLION)          125

TABLE 88           NORTH AMERICA: UNDERFLOOR HEATING MARKET,

BY COUNTRY, 2020–2023 (USD MILLION)            127

TABLE 89           NORTH AMERICA: UNDERFLOOR HEATING MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)            127

TABLE 90           NORTH AMERICA: UNDERFLOOR HEATING MARKET,

BY APPLICATION, 2020–2023 (USD MILLION)     127

TABLE 91           NORTH AMERICA: UNDERFLOOR HEATING MARKET,

BY APPLICATION, 2024–2029 (USD MILLION)     128

TABLE 92           EUROPE: UNDERFLOOR HEATING MARKET,

BY COUNTRY, 2020–2023 (USD MILLION)            131

TABLE 93           EUROPE: UNDERFLOOR HEATING MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)            131

TABLE 94           EUROPE: UNDERFLOOR HEATING MARKET,

BY APPLICATION, 2020–2023 (USD MILLION)     132

TABLE 95           EUROPE: UNDERFLOOR HEATING MARKET,

BY APPLICATION, 2024–2029 (USD MILLION)     132

TABLE 96           ASIA PACIFIC: UNDERFLOOR HEATING MARKET,

BY COUNTRY, 2020–2023 (USD MILLION)            137

TABLE 97           ASIA PACIFIC: UNDERFLOOR HEATING MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)            137

TABLE 98           ASIA PACIFIC: UNDERFLOOR HEATING MARKET,

BY APPLICATION, 2020–2023 (USD MILLION)     137

TABLE 99           ASIA PACIFIC: UNDERFLOOR HEATING MARKET,

BY APPLICATION, 2024–2029 (USD MILLION)     138

TABLE 100         ROW: UNDERFLOOR HEATING MARKET, BY REGION, 2020–2023 (USD BILLION) 140

TABLE 101         ROW: UNDERFLOOR HEATING MARKET, BY REGION, 2024–2029 (USD BILLION) 141

TABLE 102         ROW: UNDERFLOOR HEATING MARKET,

BY APPLICATION, 2020–2023 (USD MILLION)     141

TABLE 103         ROW: UNDERFLOOR HEATING MARKET,

BY APPLICATION, 2024–2029 (USD MILLION)     141

TABLE 104         KEY PLAYER STRATEGIES ADOPTED BY KEY PLAYERS, 2021–2024      143

TABLE 105        UNDERFLOOR HEATING MARKET: DEGREE OF COMPETITION, 2023      146

TABLE 106         UNDERFLOOR HEATING MARKET: PRODUCT TYPE FOOTPRINT      153

TABLE 107         UNDERFLOOR HEATING MARKET: INSTALLATION TYPE FOOTPRINT      154

TABLE 108         UNDERFLOOR HEATING MARKET: APPLICATION FOOTPRINT              155

TABLE 109         UNDERFLOOR HEATING MARKET: REGION FOOTPRINT              156

TABLE 110         UNDERFLOOR HEATING MARKET: KEY STARTUPS/SMES              159

TABLE 111         COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES              160

TABLE 112         UNDERFLOOR HEATING MARKET: PRODUCT LAUNCHES,

JANUARY 2021–JUNE 2024           161

TABLE 113         UNDERFLOOR HEATING MARKET: DEALS, JANUARY 2021–JUNE 2024          162

TABLE 114         RESIDEO TECHNOLOGIES INC.: COMPANY OVERVIEW 163

TABLE 115         RESIDEO TECHNOLOGIES INC.: PRODUCT/SOLUTION/SERVICE OFFERINGS     164

TABLE 116         RESIDEO TECHNOLOGIES INC.: PRODUCT LAUNCHES 165

TABLE 117         RESIDEO TECHNOLOGIES INC.: DEALS 165

TABLE 118         NVENT: COMPANY OVERVIEW 167

TABLE 119         NVENT: PRODUCT/SOLUTION/SERVICE OFFERINGS    169

TABLE 120         NVENT: PRODUCT LAUNCHES 169

TABLE 121         NVENT: DEALS 170

TABLE 122         WARMUP PLC: COMPANY OVERVIEW   171

TABLE 123         WARMUP PLC: PRODUCT/SOLUTION/SERVICE OFFERINGS              171

TABLE 124         WARMUP PLC: DEALS   172

TABLE 125         REHAU LTD: COMPANY OVERVIEW       173

TABLE 126         REHAU LTD: PRODUCT/SOLUTION/SERVICE OFFERINGS              174

TABLE 127         REHAU LTD: PRODUCT LAUNCHES       174

TABLE 128         MAGNUM HEATING GROUP B.V.: COMPANY OVERVIEW              176

TABLE 129         MAGNUM HEATING GROUP B.V.: PRODUCT/SOLUTION/SERVICE OFFERINGS     177

TABLE 130         UPONOR CORPORATION: COMPANY OVERVIEW           179

TABLE 131         UPONOR CORPORATION: PRODUCT/SOLUTION/SERVICE OFFERINGS       180

TABLE 132         UPONOR CORPORATION: DEALS           181

TABLE 133         EMERSON ELECTRIC CO.: COMPANY OVERVIEW            182

TABLE 134         EMERSON ELECTRIC CO.: PRODUCT/SOLUTION/SERVICE OFFERINGS       184

TABLE 135         ROBERT BOSCH GMBH: COMPANY OVERVIEW 185

TABLE 136         ROBERT BOSCH GMBH: PRODUCT/SOLUTION/SERVICE OFFERINGS       187

TABLE 137         DANFOSS: COMPANY OVERVIEW           188

TABLE 138         DANFOSS: PRODUCT/SOLUTION/SERVICE OFFERINGS 190

TABLE 139         DANFOSS: PRODUCT LAUNCHES           190

TABLE 140         MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW              191

TABLE 141         MITSUBISHI ELECTRIC CORPORATION: PRODUCT/SOLUTION/SERVICE OFFERINGS     192

TABLE 142         SIEMENS AG: COMPANY OVERVIEW      193

TABLE 143         SIEMENS AG: PRODUCT/SOLUTION/SERVICE OFFERINGS              194

TABLE 144         SCHNEIDER ELECTRIC: COMPANY OVERVIEW  195

TABLE 145         SCHNEIDER ELECTRIC: PRODUCT/SOLUTION/SERVICE OFFERINGS       197

TABLE 146         INCOGNITO HEAT CO.: COMPANY OVERVIEW  198

TABLE 147         INCOGNITO HEAT CO.: PRODUCT/SOLUTION/SERVICE OFFERINGS       198

LIST OF FIGURES

FIGURE 1           UNDERFLOOR HEATING MARKET SEGMENTATION      22

FIGURE 2           UNDERFLOOR HEATING MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION       25

FIGURE 3           UNDERFLOOR HEATING MARKET: RESEARCH DESIGN 26

FIGURE 4           MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH       31

FIGURE 5           MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH       32

FIGURE 6           MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE GENERATED BY KEY PLAYERS FROM UNDERFLOOR HEATING SYSTEMS           33

FIGURE 7           DATA TRIANGULATION             34

FIGURE 8           HYDRONIC UNDERFLOOR HEATING SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2029    36

FIGURE 9           NEW INSTALLATIONS SEGMENT TO DOMINATE MARKET IN 2029      37

FIGURE 10         RESIDENTIAL SEGMENT TO LEAD MARKET IN 2029       37

FIGURE 11         EUROPEAN UNDERFLOOR HEATING MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    38

FIGURE 12         INCREASING AWARENESS OF BENEFITS OF UNDERFLOOR HEATING SYSTEMS

TO DRIVE MARKET       39

FIGURE 13         HARDWARE SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2024  39

FIGURE 14         HYDRONIC UNDERFLOOR HEATING SEGMENT TO DOMINATE MARKET IN 2024             40

FIGURE 15         RESIDENTIAL SEGMENT TO COMMAND UNDERFLOOR HEATING MARKET IN 2029         40

FIGURE 16         UK TO REGISTER HIGHEST CAGR IN GLOBAL UNDERFLOOR HEATING MARKET DURING FORECAST PERIOD             41

FIGURE 17         UNDERFLOOR HEATING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES        42

FIGURE 18         UNDERFLOOR HEATING MARKET: DRIVERS AND THEIR IMPACT             44

FIGURE 19         UNDERFLOOR HEATING MARKET: RESTRAINTS AND THEIR IMPACT             45

FIGURE 20         UNDERFLOOR HEATING MARKET: OPPORTUNITIES AND THEIR IMPACT 47

FIGURE 21         UNDERFLOOR HEATING MARKET: CHALLENGES AND THEIR IMPACT             48

FIGURE 22         UNDERFLOOR HEATING MARKET: AI IMPACT ANALYSIS              49

FIGURE 23         UNDERFLOOR HEATING MARKET: SUPPLY CHAIN ANALYSIS              50

FIGURE 24         UNDERFLOOR HEATING SYSTEMS: ECOSYSTEM ANALYSIS              51

FIGURE 25         INVESTMENT AND FUNDING SCENARIO            53

FIGURE 26         AVERAGE SELLING PRICE TREND OF UNDERFLOOR HEATING SYSTEM COMPONENTS OFFERED BY MAJOR PLAYERS  54

FIGURE 27         AVERAGE SELLING PRICE TREND OF MANIFOLDS, BY REGION, 2020−2023         55

FIGURE 28         TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS              56

FIGURE 29         UNDERFLOOR HEATING MARKET: PORTER’S FIVE FORCES ANALYSIS          58

FIGURE 30         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS

FOR TOP THREE APPLICATIONS            60

FIGURE 31         KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS              61

FIGURE 32         IMPORT DATA FOR HS CODE 841861-COMPLIANT PRODUCTS,

BY COUNTRY, 2019–2023             65

FIGURE 33         EXPORT DATA FOR HS CODE 841861-COMPLIANT PRODUCTS,

BY COUNTRY, 2019–2023             65

FIGURE 34         TOP PATENT APPLICANTS AND OWNERS, 2014–2023     66

FIGURE 35         UNDERFLOOR HEATING MARKET, BY INSTALLATION TYPE              80

FIGURE 36         NEW INSTALLATIONS SEGMENT TO LEAD MARKET IN 2024              80

FIGURE 37         RESIDENTIAL SEGMENT TO DOMINATE UNDERFLOOR HEATING MARKET

FOR NEW INSTALLATIONS IN 2024         82

FIGURE 38         UNDERFLOOR HEATING MARKET, BY OFFERING           86

FIGURE 39         HARDWARE SEGMENT TO HOLD LARGER MARKET SHARE IN 2024      86

FIGURE 40         HYDRONIC UNDERFLOOR HEATING SEGMENT TO HOLD LARGER SHARE OF UNDERFLOOR HEATING MARKET FOR HARDWARE IN 2024              88

FIGURE 41         UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE AND COMPONENT TYPE       92

FIGURE 42         HYDRONIC UNDERFLOOR HEATING SEGMENT TO LEAD MARKET

FROM 2024 TO 2029       93

FIGURE 43         RESIDENTIAL SEGMENT TO HOLD LARGEST SHARE OF HYDRONIC UNDERFLOOR HEATING MARKET IN 2029   96

FIGURE 44         HARDWARE SEGMENT TO HOLD LARGER SHARE OF ELECTRIC UNDERFLOOR HEATING MARKET IN 2029          101

FIGURE 45         UNDERFLOOR HEATING MARKET, BY APPLICATION    105

FIGURE 46         RESIDENTIAL SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD       105

FIGURE 47         UNDERFLOOR HEATING MARKET, BY REGION 123

FIGURE 48         UK TO BE FASTEST-GROWING UNDERFLOOR HEATING MARKET GLOBALLY DURING FORECAST PERIOD          124

FIGURE 49         NORTH AMERICA: SNAPSHOT OF UNDERFLOOR HEATING MARKET            126

FIGURE 50         EUROPE: SNAPSHOT OF UNDERFLOOR HEATING MARKET              130

FIGURE 51         ASIA PACIFIC: SNAPSHOT OF UNDERFLOOR HEATING MARKET            136

FIGURE 52         UNDERFLOOR HEATING MARKET: REVENUE ANALYSIS, 2020–2023      145

FIGURE 53         UNDERFLOOR HEATING MARKET: MARKET SHARE ANALYSIS, 2023      146

FIGURE 54         COMPANY VALUATION, 2023    148

FIGURE 55         FINANCIAL METRICS (EV/EBITDA), 2023            149

FIGURE 56         BRAND/PRODUCT COMPARISON          149

FIGURE 57         UNDERFLOOR HEATING MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2023     151

FIGURE 58         UNDERFLOOR HEATING MARKET: COMPANY FOOTPRINT              152

FIGURE 59         UNDERFLOOR HEATING MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023           158

FIGURE 60         RESIDEO TECHNOLOGIES INC.: COMPANY SNAPSHOT 164

FIGURE 61         NVENT: COMPANY SNAPSHOT 168

FIGURE 62         REHAU LTD: COMPANY SNAPSHOT      173

FIGURE 63         EMERSON ELECTRIC CO.: COMPANY SNAPSHOT            183

FIGURE 64         ROBERT BOSCH GMBH: COMPANY SNAPSHOT 186

FIGURE 65         DANFOSS: COMPANY SNAPSHOT           189

FIGURE 66         MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT              192

FIGURE 67         SIEMENS AG: COMPANY SNAPSHOT      194

FIGURE 68         SCHNEIDER ELECTRIC: COMPANY SNAPSHOT  196