According to a comprehensive study by Intellectual Market Insights Research, The market for Underfloor Heating was valued at approximately USD 4.79 Billion in 2023. Over the course of the forecast period (2024–2031), the market is expected to develop at a compound annual growth rate (CAGR) of 6.4%.

Underfloor Heating Market Size, Share & Trends Analysis Report By Product, By System, By Installation Type, By Application, Global Economy Insights, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023 - 2031.

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As the global focus on sustainability continues, the underfloor heating market is poised to grow further. Innovations in materials, improved installation methods, and integration with renewable energy sources like solar power could redefine the industry. Additionally, increased government incentives for energy-efficient homes may accelerate market adoption.

Key Trends Shaping the Market

1. Growing Demand for Energy Efficiency
   Energy-efficient homes are no longer a luxury but a necessity. Underfloor heating systems offer a low-energy solution that appeals to environmentally-conscious consumers.
2. Advancements in Smart Home Integration
   Many underfloor heating systems are now compatible with smart home devices, allowing users to control their heating through mobile apps or smart home systems.
3. Increasing Adoption in Commercial Spaces
   Beyond residential applications, underfloor heating is being adopted in commercial spaces like hotels, offices, and healthcare facilities for its durability and consistent temperature control.

1. Danfoss

Founded: 1933

Headquarters: Nordborg, Denmark

Website: https://www.danfoss.com/

About Us: Danfoss is a global leader in developing sustainable, energy-efficient engineering solutions. It operates across three main segments: Power Solutions, Climate Solutions, and Power Electronics & Drives, serving industries such as automotive, food and beverage, buildings, and energy. Danfoss emphasizes innovative technologies that reduce emissions and improve efficiency in sectors like heating, cooling, electrification, and mobile hydraulics.

The company had nearly 41,928 employees and had revenue of $11.0 Billion.

2. Daikin

Founded: 1924

Headquarters: Osaka, Japan

Website: https://www.daikin.com/

About Us: Daikin is a prominent player in the heating, ventilation, and air conditioning (HVAC) industry, known for advanced air conditioning, refrigeration, and climate control solutions. Their focus on energy efficiency and environmental sustainability has driven significant advancements in inverter technology and refrigerants. Daikin also has a significant market share in both residential and commercial HVAC systems globally.

The company had nearly 80,000 employees and had revenue of $25.5 Billion.

3. Emerson Electric Co.

Founded: 1890

Headquarters: St. Louis, Missouri, USA   

Website: https://www.emerson.com/

About Us: Emerson is a diversified global manufacturing company providing technology and engineering solutions for industrial, commercial, and consumer markets. It operates through two primary business platforms: Automation Solutions and Commercial & Residential Solutions, catering to industries like healthcare, energy, and climate technologies. Emerson’s automation products help optimize processes and improve productivity across sectors.

The company had nearly 85,000 employees and had revenue of $19.6 Billion.

4. Honeywell International

Founded: 1906

Headquarters: Charlotte, North Carolina, USA

Website: https://www.honeywell.com/

About Us: Honeywell is a multinational conglomerate involved in aerospace, building technologies, performance materials, and safety and productivity solutions. Known for its innovative approach, Honeywell emphasizes digital transformation, industrial automation, and sustainable energy solutions. Its diversified offerings support sectors ranging from aerospace and automotive to healthcare and construction.

The company had nearly 99,000 employees and had revenue of $36.7 Billion.

5. Mitsubishi Electric Corporation

Founded: 1921

Headquarters: Tokyo, Japan

Website: https://www.mitsubishielectric.com/

About Us: Mitsubishi Electric is a leading Japanese multinational specializing in electrical and electronic equipment for residential, commercial, and industrial uses. Its product portfolio includes air conditioning systems, factory automation products, and automotive equipment. Mitsubishi is recognized for its commitment to sustainability, creating solutions aimed at energy efficiency and environmental conservation.

The company had nearly 145,000 employees and had revenue of $29.5 Billion.

6. Pentair plc

Founded: 1966

Headquarters: London, United Kingdom

Website: http://www.pentair.com/

About Us: Pentair provides water treatment and fluid management solutions for residential, commercial, and industrial use. Their expertise includes residential and commercial water filtration, pool equipment, and smart water systems. Pentair focuses on sustainability, emphasizing water conservation and access to clean water globally.

The company had nearly 10,500 employees and had revenue of $4.1 Billion.

7. Robert Bosch

Founded: 1886

Headquarters: Gerlingen, Germany

Website: http://www.bosch.com/

About Us: Bosch is a global technology and engineering company known for innovations in automotive, industrial technology, energy, building technology, and consumer goods. Bosch emphasizes research in sustainable technologies and has a strong presence in connected solutions for mobility, industry, and home sectors.

The company had nearly 400,000 employees and had revenue of $96.09 Billion.

8. Siemens AG

Founded: 1847

Headquarters: Munich, Germany 

Website: http://www.siemens.com/

About Us: Siemens operates globally in sectors including digital industries, smart infrastructure, mobility, and healthcare. They focus on automation, electrification, and digitalization solutions, promoting innovation in fields like renewable energy, automation, and smart city solutions.

The company had nearly 311,000 employees and had revenue of $78.44 Billion.

9. Schneider Electric

Founded: 1836

Headquarters: Rueil-Malmaison, France

Website: http://www.se.com/

About Us: Schneider Electric is a leader in energy management and automation solutions, providing sustainable solutions for residential, industrial, and commercial sectors. Known for their innovations in energy efficiency and smart grids, Schneider emphasizes digital transformation and sustainable energy solutions.

The company had nearly 128,000 employees and had revenue of $37.26 Billion.

10. Uponor Corporation

Founded: 1918

Headquarters: Vantaa, Finland

Website: http://www.uponor.com/

About Us: Uponor specializes in water and indoor climate solutions, including piping systems for residential, commercial, and industrial buildings. With a focus on sustainable water solutions, Uponor supports energy efficiency and renewable solutions for heating and cooling systems.

The company had nearly 3,700 employees and had revenue of $1.43 Billion.

11. Resideo Technologies Inc.

Founded: 2018

Headquarters: Scottsdale, Arizona, USA

Website: https://www.resideo.com/

About Us: Resideo develops and distributes technology-driven products focused on comfort, security, and energy management for residential and commercial applications. With a legacy of over 130 years in home comfort and security, the company serves more than 150 million homes globally. It operates in two segments: Products and Solutions, which offers temperature, air, and water management solutions, and ADI Global Distribution, a distributor of security and automation products. Resideo’s brands include Honeywell Home, First Alert, and Braukmann.

The company had nearly 14,000 employees and had revenue of $6.2 Billion.

12. nVent Electric Plc

Founded: 2018

Headquarters: London, United Kingdom

Website: https://www.nvent.com/

About Us: nVent provides electrical connection and protection solutions. It designs and manufactures enclosures, fastening systems, and thermal management solutions, serving diverse industries such as commercial, industrial, energy, and data solutions. Known for brands like CADDY, ERICO, Hoffman, Raychem, and Schroff, nVent aims to protect equipment and ensure efficiency and reliability.

The company had nearly 9,600 employees and had revenue of $2.9 Billion.

13. Warmup

Founded: 1994

Headquarters: London, United Kingdom 

Website: https://www.warmup.com/

About Us: Warmup is a global leader in electric underfloor heating systems, offering energy-efficient heating solutions designed for comfort and reduced environmental impact. Warmup's products are widely used in residential and commercial buildings, providing advanced heating controls, insulation, and other innovative features.

The company had nearly 250 employees and had revenue of $65 Million.

14. Rehau Ltd

Founded: 1948

Headquarters: Muri bei Bern, Switzerland

Website: https://www.rehau.com/

About Us: Rehau specializes in advanced polymer solutions across various industries, including construction, automotive, and furniture. In construction, Rehau’s piping, windows, and sustainable building solutions focus on energy efficiency and water management, serving customers worldwide.

The company had nearly 75,000 employees and had revenue of $4.5 Billion.

Advantages of Underfloor Heating

• Enhanced Comfort and Aesthetics: Underfloor heating eliminates the need for visible radiators and maintains a consistent room temperature.
• Health Benefits: Reduced dust circulation can benefit people with allergies or respiratory issues.
• Long-term Cost Savings: Although initial installation costs can be higher, underfloor heating systems often result in lower energy bills over time.

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