The Underfloor Heating Market is projected to grow to US$ 6.95 billion by 2030, up from US$ 3.90 billion in 2022, reflecting an estimated compound annual growth rate (CAGR) of 7.5% from 2022 to 2030.

The North American Underfloor Heating market encompasses the United States, Canada, and Mexico. The increasing demand for underfloor heating solutions in the colder regions of North America is anticipated to rise due to the rapid expansion of the building and construction sector in developed countries like the US, Canada, and Mexico. Additionally, various companies in the region are responding to the need for comfort and convenience in kitchens and bathrooms by offering warm flooring solutions. For instance, in February 2020, Mysa Smart Thermostats, a tech company based in Newfoundland, introduced Electric In-underfloor heating. This innovative product allows households across North America to manage their electricity expenses more effectively by promoting energy-efficient usage.

North America's climate is characterized by severe cold, particularly in areas like Alaska (USA), Northern Canada, and Greenland, where temperatures can be extremely low. Consequently, residents in these regions require effective heating solutions during winter months. In a collaborative effort, governors from 25 US states have formed a coalition aiming to deploy 20 million heat pumps by 2030. In 2020 alone, approximately 4.8 million heat pumps were installed in the US. These heat pumps are known for their energy efficiency, serving as alternatives to traditional fossil fuel-powered furnaces and air conditioning units. They operate by transferring heat rather than generating it, providing heating in cold weather and cooling in hot conditions. Compared to gas boilers, heat pumps can reduce greenhouse gas emissions by 20% and are recognized for their energy efficiency. The focus of state governors on sustainable heating solutions, alongside the cold climate, is expected to significantly boost the underfloor heating market.

The construction industry in the US is experiencing substantial growth. According to the US Census Bureau, construction spending in October 2023 reached a seasonally adjusted annual rate of US$ 2,027.1 billion, marking a 0.6% increase from the revised September figure of US$ 2,014.7 billion. Residential construction alone was reported at a seasonally adjusted annual rate of US$ 884.4 billion in October 2023, which is a 1.2% increase from the revised September estimate of US$ 873.6 billion. The residential sector plays a crucial role in the underfloor heating market, as there is a growing trend among consumers towards enhancing their living standards. Underfloor heating is increasingly viewed as a luxury feature that can elevate a home's value. Homebuyers are more inclined to invest in properties equipped with underfloor heating due to its ability to provide a comfortable and evenly distributed warmth throughout the living space. Therefore, the expansion of residential construction and the pursuit of improved living conditions are key drivers for the growth of the underfloor heating market.

The Underfloor Heating market is categorized based on type into hydronic system components and electric system components. Underfloor heating solutions have revolutionized comfort and energy efficiency in various settings. A vital element ensuring the effective operation of underfloor heating systems is the hydronic system component, which is essential for delivering optimal performance and maintaining a warm environment in homes, offices, and commercial spaces. Hydronic components are crucial in the underfloor heating market, offering efficient, reliable, and customizable heating solutions. With technological advancements, these components have become more sophisticated, providing improved control, energy efficiency, and ease of installation. They are particularly effective in larger areas. Although the initial installation costs may be higher, the operational costs for hydronic systems are economical over the long term. Key components of the hydronic system include:

• Boiler: The central unit of any hydronic underfloor heating system, responsible for heating the water that circulates through the system.


• Pump: This component circulates the heated water throughout the underfloor heating system.


• Manifold: Serving as the main distribution hub for heated water, the manifold receives hot water from the boiler and directs it to various zones or rooms.


• Thermostats: These devices regulate the heat output, ensuring that the desired temperature is achieved and maintained.


• Pipes and Manifolds: A network of pipes and manifolds is essential for evenly distributing heated water across the floor.


• Heat Exchangers: In larger systems, heat exchangers transfer heat from the primary source, like a boiler, to the secondary water loop circulating through the underfloor pipes.

In terms of installation, the Underfloor Heating market is divided into segments, with retrofitting underfloor heating being a popular choice for renovation projects. The rise in renovation activities globally is driving this segment. Underfloor heating (UFH) has become the preferred option for self-build projects due to its simplicity, effectiveness, cost-efficiency, and luxurious feel. Integrating UFH into new constructions is straightforward and enhances property value. The retrofit method offers a practical and economical solution for property owners looking to upgrade their heating systems without extensive renovations. By retrofitting underfloor heating systems, individuals can enjoy improved comfort, energy efficiency, and precise temperature control. Unlike new installations, retrofitting requires careful planning, considering factors like existing floor structures, insulation, and available space. The installation process typically involves placing heating elements, such as electric mats or water pipes, beneath the existing flooring. Retrofitting can be applied in various building types, including residential homes, commercial properties, and public facilities.

Key players in the Underfloor Heating Market include Danfoss, Emerson Electric Co., nVent, Uponor Corporation, REHAU Ltd., Resideo Technologies Inc., Watts, Schneider Electric, Robert Bosch GmbH, and Daikin, all of whom are profiled in this market analysis.

The overall size of the Underfloor Heating Market has been determined through both primary and secondary research methods. Extensive secondary research has been conducted using both internal and external sources to gather qualitative and quantitative data related to the Underfloor Heating Market size. This process also aids in providing an overview and forecast of the market across all segments. Additionally, numerous primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This includes discussions with industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the Underfloor Heating Market.