PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1643630
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1643630
The global underfloor heating market is projected to grow from USD 5.4 billion in 2024 to USD 8.1 billion by 2030, reflecting a compound annual growth rate (CAGR) of 7.2% during 2025-2030. This growth is driven by increasing awareness of cost-effective heating solutions and a rising number of construction projects. Factors such as urbanization, growing disposable incomes, and a preference for comfort and luxury further contribute to market expansion.
Key Insights
The integration of underfloor heating systems with renewable energy sources, such as onsite solar panels and battery energy storage systems, is a notable trend. This integration reduces grid dependency by utilizing stored solar energy for heating during nighttime. Additionally, the incorporation of artificial intelligence algorithms and sensors enables these systems to adjust interior temperatures based on external conditions and occupancy, enhancing energy efficiency.
In 2024, the residential sector accounted for 55% of the market share. This is due to the growing number of smart home initiatives and refurbishment projects. Many energy-saving measures include underfloor heating installations, reflecting a broader trend toward sustainable and efficient home heating solutions.
Europe is the largest and fastest-growing region in the underfloor heating market, driven by its focus on energy-efficient public and private buildings. The region's emphasis on reducing energy consumption and enhancing building sustainability is leading to increased adoption of underfloor heating systems.