Asia Pacific Underfloor Heating Market Forecast to 2030 - Regional Analysis - by Type (Hydronic System Components and Electric System Components), Installation (Retrofit and New), and Application (Residential and Commercial)

Description

List of Tables

The Asia Pacific underfloor heating market was valued at US$ 958.71 million in 2022 and is expected to reach US$ 1,574.60 million by 2030; it is estimated to register a CAGR of 6.4% from 2022 to 2030.

Growing Use of Energy-Efficient Underfloor Heating System Boosts Asia Pacific Underfloor Heating Market.

Underfloor heating works by heating the floor and the objects on it radiate heat into the room. This creates an even more consistent temperature, meaning less energy is required to keep the room warm. In fact, underfloor heating can be up to 25% more efficient than traditional heating systems, resulting in lower energy bills and an eco-friendlier home. Traditional radiators should be heated to a high temperature (between 65 and 75 degrees Celsius) in order to heat a room efficiently. In contrast, floor heating requires just a temperature of 29 degrees Celsius or less, depending on the floor finish, to warm the room. Lower temperatures use less energy and can help to save money on energy costs.

Water-based underfloor heating systems use low water temperatures and cost ~60% less to operate than electric systems. Rapid response systems can also be installed beneath the floor finish, providing optimum control and making them suitable for retrofit or newbuild projects. One big benefit of using a water-based underfloor heating system is that hydrogen, gas boiler, or heat pump, water-based underfloor heating will always remain the most energy-efficient solution, use the least energy, and will assist in saving money, and delivering comfort. Thus, the growing use of energy-efficient heating systems will most likely create opportunities for the underfloor heating market.

Asia Pacific Underfloor Heating Market Overview

The temperature in the Asia Pacific varies from the hottest to the coldest season. Due to urbanization, there are also significant development activities, such as the building of new structures and the renovation of old ones, especially in countries such as China, India, Japan, and Australia. Therefore, heating systems are designed for each particular building, office and business construction, sports hall, open areas, and industrial buildings. When it comes to cutting-edge and contemporary system solutions, building planners and owners have established their preferences for underfloor heating systems. Underfloor heating system installations have increased as a result of the trend toward smart solutions, luxury lifestyles, and convenience, in which the operation of these systems is regulated by routine consumption patterns and connected devices.

According to a report from the International Energy Agency, China has the largest workforce installing heat pumps and the largest market share in manufacturing heat pumps. Clean heating in China has been driven by the country's use of policies enforcing technology mandates, such as its clean winter heat plan in northern China and its electric heating policy, which requires the substitution of coal-fired heating with electric heating. These efforts have been bolstered by local financial incentives, such as in Beijing, that support heat pump deployment. China is the world's largest market for air-source heat pumps, and sales grew ~7% to reach 12.5 million units in 2021. Thus, policies such as clean winter will propel the adoption of underfloor heating systems in the region.

Several countries in Asia Pacific are inclined toward the conservation of energy and the use of energy-efficient technologies. For example, as of July 2015, the Ministry of Economy, Trade and Industry (METI) established a subcommittee on the long-longstanding energy supply and demand outlook to deliberate the energy mix for Japan with a view to change Japan's energy mix by 2030. The establishment of the subcommittee is expected to boost energy conservation and better energy management by the household sector. For that, the government of Japan introduced smart home technology to conserve energy, which can contribute to household sector savings. The smart house favors energy consumption and is optimized by the application of information technology (IT). It controls energy-generating equipment, such as heating and air conditioning, that are capable of communicating with one another. Thus, the adoption of smart home technology in Japan will propel the growth of the Asia Pacific underfloor heating market.

Asia Pacific Underfloor Heating Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Underfloor Heating Market Segmentation

The Asia Pacific underfloor heating market is segmented based on type, installations, application, and country. Based on type, the Asia Pacific underfloor heating market is bifurcated into hydronic system components and electric system components. The hydronic system components services held a larger market share in 2022. The hydronic system components is sub segmented into wet hydronic heating and dry hydronic heating. Furthermore, electric system components is bifurcated into heating mats and heating cables.

In terms of installation, the Asia Pacific underfloor heating market is bifurcated into retrofit and new. The retrofit held a larger market share in 2022.

By application, the Asia Pacific underfloor heating market is bifurcated into residential & commercial. The residential held a larger market share in 2022.

Based on country, the Asia Pacific underfloor heating market is segmented into Japan, South Korea, China, Australia, India, and the Rest of Asia Pacific. Japan dominated the Asia Pacific underfloor heating market share in 2022.

Danfoss AS, Emerson Electric Co, nVent Electric Plc, Watts Water Technologies Inc, Robert Bosch GmbH, Resideo Technologies Inc, Uponor Corp, REHAU Ltd, and Schneider Electric SE are some of the leading companies operating in the Asia Pacific underfloor heating market.

Product Code: BMIRE00030390

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Asia Pacific Underfloor Heating Market Landscape

4.1 Overview
4.2 Ecosystem Analysis

5. Asia Pacific Underfloor Heating Market - Key Industry Dynamics

5.1 Drivers
- 5.1.1 Growing Adoption of Smart Home Technologies
- 5.1.2 Increasing Investment in Construction Industry
- 5.1.3 Government Support for Installation of Floor Heating
5.2 Restraints
- 5.2.1 High Installation Cost of an Underfloor Heating System
- 5.2.2 Installation Complexity of Underfloor Heating System
5.3 Opportunities
- 5.3.1 IoT-Enabled Underfloor Heating System
- 5.3.2 Growing Use of Energy-Efficient Underfloor Heating System
5.4 Trends
- 5.4.1 Use of Sustainable Technology for Underfloor Heating
5.5 Impact of Drivers and Restraints:

6. Underfloor Heating Market - Asia Pacific Analysis

6.1 Underfloor Heating Market Revenue (US$ Million), 2020 - 2030
6.2 Underfloor Heating Market Forecast and Analysis

7. Asia Pacific Underfloor Heating Market Analysis - Type

7.1 Hydronic System Components
- 7.1.1 Overview
- 7.1.2 Hydronic System Components Market Revenue and Forecasts to 2030 (US$ Million)
- 7.1.3 Wet Hydronic Heating
  - 7.1.3.1 Overview
  - 7.1.3.2 Wet Hydronic Heating Market Revenue and Forecasts to 2030 (US$ Million)
- 7.1.4 Dry Hydronic Heating
  - 7.1.4.1 Overview
  - 7.1.4.2 Dry Hydronic Heating Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Electric System Components
- 7.2.1 Overview
- 7.2.2 Electric System Components Market Revenue and Forecasts to 2030 (US$ Million)
- 7.2.3 Heating Mats
  - 7.2.3.1 Overview
  - 7.2.3.2 Heating Mats Market Revenue and Forecasts to 2030 (US$ Million)
- 7.2.4 Heating Cables
  - 7.2.4.1 Overview
  - 7.2.4.2 Heating Cables Market Revenue and Forecasts to 2030 (US$ Million)

8. Asia Pacific Underfloor Heating Market Analysis - Installation

8.1 Retrofit
- 8.1.1 Overview
- 8.1.2 Retrofit Market Revenue and Forecasts to 2030 (US$ Million)
8.2 New
- 8.2.1 Overview
- 8.2.2 New Market Revenue and Forecasts to 2030 (US$ Million)

9. Asia Pacific Underfloor Heating Market Analysis - Application

9.1 Residential
- 9.1.1 Overview
- 9.1.2 Residential Market Revenue and Forecasts to 2030 (US$ Million)
9.2 Commercial
- 9.2.1 Overview
- 9.2.2 Commercial Market Revenue and Forecasts to 2030 (US$ Million)

10. Asia Pacific Underfloor Heating Market - Country Analysis

10.1 Asia Pacific Market Overview
- 10.1.1 Underfloor Heating market Breakdown by Countries
  - 10.1.1.1 Japan Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.1.1.1 Japan Underfloor Heating Market Breakdown by Type
    - 10.1.1.1.1.1 Japan Underfloor Heating Market Breakdown by Hydronic System Components
    - 10.1.1.1.1.2 Japan Underfloor Heating Market Breakdown by Electric System Components
    - 10.1.1.1.2 Japan Underfloor Heating Market Breakdown by Installation
    - 10.1.1.1.3 Japan Underfloor Heating Market Breakdown by Application
  - 10.1.1.2 South Korea Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.1.2.1 South Korea Underfloor Heating Market Breakdown by Type
    - 10.1.1.2.1.1 South Korea Underfloor Heating Market Breakdown by Hydronic System Components
    - 10.1.1.2.1.2 South Korea Underfloor Heating Market Breakdown by Electric System Components
    - 10.1.1.2.2 South Korea Underfloor Heating Market Breakdown by Installation
    - 10.1.1.2.3 South Korea Underfloor Heating Market Breakdown by Application
  - 10.1.1.3 China Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.1.3.1 China Underfloor Heating Market Breakdown by Type
    - 10.1.1.3.1.1 China Underfloor Heating Market Breakdown by Hydronic System Components
    - 10.1.1.3.1.2 China Underfloor Heating Market Breakdown by Electric System Components
    - 10.1.1.3.2 China Underfloor Heating Market Breakdown by Installation
    - 10.1.1.3.3 China Underfloor Heating Market Breakdown by Application
  - 10.1.1.4 Australia Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.1.4.1 Australia Underfloor Heating Market Breakdown by Type
    - 10.1.1.4.1.1 Australia Underfloor Heating Market Breakdown by Hydronic System Components
    - 10.1.1.4.1.2 Australia Underfloor Heating Market Breakdown by Electric System Components
    - 10.1.1.4.2 Australia Underfloor Heating Market Breakdown by Installation
    - 10.1.1.4.3 Australia Underfloor Heating Market Breakdown by Application
  - 10.1.1.5 India Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.1.5.1 India Underfloor Heating Market Breakdown by Type
    - 10.1.1.5.1.1 India Underfloor Heating Market Breakdown by Hydronic System Components
    - 10.1.1.5.1.2 India Underfloor Heating Market Breakdown by Electric System Components
    - 10.1.1.5.2 India Underfloor Heating Market Breakdown by Installation
    - 10.1.1.5.3 India Underfloor Heating Market Breakdown by Application
  - 10.1.1.6 Rest of Asia Pacific Underfloor Heating Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.1.6.1 Rest of Asia Pacific Underfloor Heating Market Breakdown by Type
    - 10.1.1.6.1.1 Rest of Asia Pacific Underfloor Heating Market Breakdown by Hydronic System Components
    - 10.1.1.6.1.2 Rest of Asia Pacific Underfloor Heating Market Breakdown by Electric System Components
    - 10.1.1.6.2 Rest of Asia Pacific Underfloor Heating Market Breakdown by Installation
    - 10.1.1.6.3 Rest of Asia Pacific Underfloor Heating Market Breakdown by Application

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview
12.2 Market Initiatives

13. Company Profile

13.1 Danfoss A/S
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Emerson Electric Co
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 nVent Electric plc
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Watts Water Technologies, Inc.
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Robert Bosch GmbH
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Resideo Technologies Inc
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Uponor Corp
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 REHAU Ltd
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Schneider Electric SE
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments

14. Appendix

14.1 Word Index