Underfloor Heating Market by Type, Facility, Application and Geography - Global Forecast to 2020

In todays’ modern dynamic world of technology, the underfloor heating system is one of the most preferred heating systems with numerous benefits, which are being used in a wide range of commercial, industrial, and residential buildings. This system has many advantages over radiator heating systems and has become a viable method of space heating with significant advances in heating technology.
The main reasons for the underfloor heating system being the ideal heating system in current environment are the increasing quality of new building techniques (insulation, controls, and many others) and the drive towards renewable energy technologies. The growing demand for renewable energy technologies has a significant impact on the future demand for underfloor heating systems. These energy and heating solutions are particularly compatible and can achieve significant carbon savings, helping to meet renewable energy targets.
The underfloor heating systems are of two types which are hydronic UFH systems, and electric UFH systems. In hydronic radiant UFH system, heated water is propelled from a boiler through a link of tubing underneath the floor. Heat is conducted to the surface of the floor by the hot water, and from there, radiant energy is emitted to the room. The hydronic UFH system is suitable for most floor surfaces such as carpet, ceramic, engineered and solid wood, laminate, stone and vinyl. Since it uses water for heating, it can be linked to any heat source from a standard boiler to newer sustainable technologies such as solar thermal and heat pumps. An electric underfloor heating system uses electricity for its operation. This heating system operates via pads that are installed beneath the floor, which are plugged into an electricity source and heated that way. Electric UFH systems use non-corrosive, flexible heating elements and use fewer components than hydronic UFH systems and are simpler to install.
The global underfloor heating market exhibits a lucrative growth potential for the next five years. The growth of the market is propelled by growing environmental and energy-efficiency concerns, along with increasing awareness of the benefits of UFH. In terms of aesthetics, underfloor heating system removes the need for observable heat emitters, increases the usable floor area and gives free rein for contemporary design schemes. In addition, the increasing trend of automation in commercial buildings and homes in developing nations has further contributed to the growth potential of this market. Despite various advantages of underfloor heating systems, the high cost of retrofitting underfloor heating systems in existing buildings and slow response time of underfloor heating are restraining the growth of global underfloor heating market.
The global underfloor heating market was valued at USD 4.65 billion in 2014 and is expected to grow further at a CAGR of 8.7% from 2015 to 2020. Europe accounted for the major market share of ~40% in 2014, followed by North America with ~35%. The UFH market in Europe is expected to grow at the highest CAGR of 10.5% from 2015 to 2020. In particular, the growing environmental and energy-efficiency concerns are seeing greater influence in specification of underfloor heating in Europe as the European countries move towards a low-carbon economy. Also, the high rate of adoption of underfloor heating systems in the growing commercial and residential sectors in Europe is driving the growth of the European underfloor heating market.
The major players in this market have been adopting several strategies to enter and grow in the market. In the global marketplace, the number of established players is growing; therefore, it is important for every market player to gain a competitive edge over the others. The major strategies adopted by key players to compete in this market include new product developments, partnerships, agreements, and mergers & acquisitions.
This report presents a detailed insight into the underfloor heating market and identifies the key trends pertaining to various segments of the market, in addition to providing in-depth quantitative and qualitative information. The report segments the global underfloor heating market on the basis of type, facility, application, and geography. It further provides market size forecasts and trend analysis with respect to the time-line of the market. Detailed geographic insights with respect to major regions such as North America, APAC, Europe, and the Rest of the World have also been provided.
The major players in global underfloor heating market include Danfoss A/S (Denmark), Uponor Corporation (Finland), Emerson Electric Co. (U.S.), Honeywell International Inc. (U.S), Robert Bosch (Germany), Pentair PLC (U.K.), Mitsubishi Electric (Tokyo), Schneider Electric SE (France), and Nexans S.A. (France).

TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 STUDY SCOPE 17
1.3.1 MARKETS COVERED 17
1.3.1.1 Geographic scope 17
1.4 YEARS CONSIDERED FOR THE STUDY 18
1.5 CURRENCY 19
1.6 LIMITATIONS 19
1.7 STAKEHOLDERS 19
2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 20
2.2 FACTOR ANALYSIS 21
2.2.1 INTRODUCTION 21
2.2.2 DEMAND-SIDE ANALYSIS 21
2.2.2.1 High energy consumption in space heating segment leading to increasing demand of energy efficient underfloor heating systems 22
2.2.3 SUPPLY-SIDE ANALYSIS 23
2.2.3.1 Reduced cost of heat pumps fostering the growth of the underfloor heating market 24
2.3 MARKET SIZE ESTIMATION 24
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 27
2.5 MARKET SIZE ESTIMATION 28
2.5.1 SECONDARY DATA 28
2.5.1.1 Key data from secondary sources 28
2.5.2 PRIMARY DATA 29
2.5.2.1 Key data from primary sources 29
2.5.3 KEY INDUSTRY INSIGHTS 30
2.5.4 ASSUMPTIONS 31
3 EXECUTIVE SUMMARY 32
4 PREMIUM INSIGHTS 37
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN UNDERFLOOR HEATING SYSTEMS 37
4.2 UNDERFLOOR HEATING MARKET: MAJOR APPLICATIONS 38
4.3 EUROPE: LARGEST UNDERFLOOR HEATING MARKET 39
?
4.4 EUROPE ACCOUNTED FOR THE HIGHEST MARKET SHARE OF IN THE GLOBAL UFH MARKET (2014) 40
4.5 UNDERFLOOR HEATING MARKET, BY TYPE 41
4.6 UNDERFLOOR HEATING MARKET, BY FACILITY 41
4.7 UNDERFLOOR HEATING MARKET: APPLICATION IN TERMS OF GEOGRAPHIC REGIONS, 2014 VS 2020 (USD MILLION) 42
5 MARKET OVERVIEW 43
5.1 INTRODUCTION 44
5.2 MARKET EVOLUTION 44
5.3 MARKET SEGMENTATION 45
5.3.1 BY TYPE 45
5.3.2 BY FACILITY 45
5.3.3 BY APPLICATION 46
5.3.4 BY GEOGRAPHY 47
5.4 MARKET DYNAMICS 47
5.4.1 DRIVERS 48
5.4.1.1 Growing concerns about energy efficiency and the global environment, along with increasing awareness about the benefits of underfloor heating 48
5.4.1.2 Increasing feasibility by automation in the commercial, industrial, and residential sectors in developing nations 49
5.4.1.3 Increasing emphasis on aesthetics and design 49
5.4.1.4 Growing number of heat pump installations 50
5.4.1.5 Rising demand because of high level of comfort and flexibility 50
5.4.2 RESTRAINTS 51
5.4.2.1 High cost of retrofitting underfloor heating systems in existing buildings 51
5.4.2.2 Slow response time of underfloor heating 51
5.4.3 OPPORTUNITIES 52
5.4.3.1 Increasing environmental awareness and energy efficiency standards 52
5.4.3.2 Enhancing flexibility of an underfloor heating system and its operational cost effectiveness 52
5.4.4 CHALLENGES 53
5.4.4.1 Design and maintenance of underfloor heating systems 53
5.5 PATENT ANALYSIS 54
6 INDUSTRY TRENDS 56
6.1 INTRODUCTION 56
6.2 VALUE CHAIN ANALYSIS 56
6.3 PORTER’S FIVE FORCES ANALYSIS 58
6.3.1 INTENSITY OF COMPETITIVE RIVALRY 60
6.3.2 THREAT OF NEW ENTRANTS 61
6.3.3 THREAT OF SUBSTITUTES 62
6.3.4 BARGAINING POWER OF BUYERS 63
6.3.5 BARGAINING POWER OF SUPPLIERS 64
6.4 STRATEGIC BENCHMARKING 64
6.4.1 MAJOR STRATEGIES ADOPTED BY THE KEY PLAYERS 64
7 MARKET ANALYSIS, BY TYPE 66
7.1 INTRODUCTION 67
7.2 HYDRONIC UFH SYSTEM 70
7.2.1 COMPONENTS OF HYDRONIC UFH SYSTEMS 71
7.2.1.1 Heating pipes 72
7.2.1.2 Manifold 72
7.2.1.3 Sensors and thermostats 72
7.3 ELECTRIC UFH SYSTEMS 76
7.3.1 COMPONENTS OF ELECTRIC UFH SYSTEMS 77
7.3.1.1 Heating cables 77
7.3.1.2 Heating mats 77
7.3.1.3 Sensors and thermostats 78
8 MARKET ANALYSIS, BY FACILITY 82
8.1 INTRODUCTION 83
8.2 UNDERFLOOR HEATING IN NEW BUILDINGS 85
8.3 UNDERFLOOR HEATING IN EXISTING BUILDINGS 86
9 MARKET ANALYSIS, BY APPLICATION 87
9.1 INTRODUCTION 88
9.2 COMMERCIAL APPLICATIONS 91
9.2.1 ACADEMIA AND INSTITUTIONAL 95
9.2.2 HEALTHCARE 96
9.2.3 RETAIL 97
9.2.4 TRANSPORTATION AND LOGISTICS 98
9.2.5 HOSPITALITY 99
9.3 INDUSTRIAL APPLICATIONS 101
9.4 RESIDENTIAL APPLICATIONS 103
9.4.1 SINGLE-FAMILY HOUSES 107
9.4.2 APARTMENTS 108
9.5 OTHER APPLICATIONS 109
10 MARKET ANALYSIS, BY GEOGRAPHY 111
10.1 INTRODUCTION 112
10.2 NORTH AMERICA 114
10.2.1 U.S. 120
10.2.1.1 Standards and regulations in the u.s. 120
10.2.2 CANADA 121
10.2.3 MEXICO 122
10.2.3.1 Standards and regulations in mexico 122
10.3 EUROPE 123
10.3.1 U.K. 128
10.3.1.1 Standards and regulations in the u.k. 129
10.3.2 GERMANY 131
10.3.3 FRANCE 131
10.3.4 RUSSIA 132
10.3.5 OTHERS 132
10.4 APAC 132
10.4.1 CHINA 136
10.4.1.1 Standards and regulations in china 137
10.4.2 JAPAN 137
10.4.2.1 Standards and regulations in japan 138
10.4.3 SOUTH KOREA 138
10.4.4 OTHERS 138
10.5 REST OF THE WORLD (ROW) 139
10.5.1 MIDDLE EAST AND AFRICA 142
10.5.1.1 Standards and regulations in the middle east and africa 143
10.5.2 SOUTH AMERICA 143
11 COMPETITIVE LANDSCAPE 144
11.1 OVERVIEW 144
11.2 MARKET SHARE ANALYSIS OF THE UNDERFLOOR HEATING MARKET 145
11.3 COMPETITIVE SITUATION AND TRENDS 146
11.3.1 NEW PRODUCT LAUNCHES/NEW PRODUCT DEVELOPMENTS 148
11.3.2 MERGERS & ACQUISITIONS 149
11.3.3 PARTNERSHIPS, CONTRACTS, AGREEMENTS, JOINT VENTURES, AND COLLABORATIONS 150
11.3.4 OTHER DEVELOPMENTS 151
12 COMPANY PROFILES 152
(Overview, Products and Services, Financials, Strategy & Development)*
12.1 INTRODUCTION 152
12.2 ROBERT BOSCH GMBH 153
12.3 UPONOR CORPORATION 157
12.4 EMERSON ELECTRIC CO. 160
12.5 HONEYWELL INTERNATIONAL INC. 163
12.6 DANFOSS A/S 166
12.7 PENTAIR PLC 169
12.8 NEXANS S.A. 172
12.9 SCHNEIDER ELECTRIC SE 174
12.10 SIEMENS AG 176
12.11 MITSUBISHI ELECTRIC CORPORATION 178
*Details on Overview, Products and Services, Financials, Strategy & Development might not be Captured in case of Unlisted Companies.
13 APPENDIX 181
13.1 INSIGHTS OF INDUSTRY EXPERTS 181
13.2 DISCUSSION GUIDE 182
13.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 185
13.4 AVAILABLE CUSTOMIZATIONS 187
13.5 RELATED REPORTS 188