Market Overview:
The global underfloor heating thermostats market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient heating systems, rising awareness about underfloor heating systems, and growing construction activities across the globe. The global underfloor heating thermostats market is segmented on the basis of type into digital type and analog type. The digital type segment is expected to grow at a higher CAGR than the analog type segment during the forecast period from 2018 to 2030. This can be attributed to its advantages such as precise temperature control, automatic temperature adjustment according to occupancy, and remote monitoring capabilities over traditional analog thermostats. On the basis of application, the global underfloor heating thermostats market is divided into residential building and commercial building segments.
Product Definition:
Underfloor heating thermostats are devices that help to control the temperature of a room by regulating the flow of heat from under the floor. They are usually used in conjunction with underfloor heating systems, which circulate warm water or air beneath the floor to keep it warm. Underfloor heating thermostats can be manual or programmable, and some models include sensors that can detect when a person enters or leaves a room, so that they can adjust the temperature accordingly.
Digital Type:
Digital type is a system that enables the user to set different temperatures for each room. It helps in maintaining uniformity in the temperature of rooms. The most common way of implementing digital type is by using separate thermostats for each room, and controlling them through an electronic device or software application installed on a central heating controller.
Underfloor heating thermostats are gaining popularity owing to their energy-efficiency, ease of use and comfort they provide.
Analog Type:
Analog type is a continuous variable that can take values between two limits. It is used in underfloor heating thermostats to control the temperature of an area by varying the heat output. The most common applications of analog type include room temperature sensor, radiator sensor, and hot water recirculation valve (HW RV).
Advantages over other types: Analog provides more flexibility as compared to digital systems as it has wider range of input values.
Application Insights:
The commercial building application segment accounted for the largest revenue share of over 60% in 2017. The demand for underfloor heating in commercial buildings is majorly driven by factors such as climate and geography. Underfloor heating thermostats with a built-in Geothermal Heat Pump (GHP) are preferred owing to their ability to efficiently remove moisture from air and deliver dry heat throughout the year, which helps save energy costs. Moreover, these products also have an Energy Management System (EMS) feature that helps control multiple rooms¢â‚¬â„¢ temperature settings from one remote location. This further aids in reducing energy consumption by up to 50%.
The residential building application segment is expected witness significant growth over the forecast period due to rising consumer preference for flooring materials, design aesthetics and cost savings associated with underfloor heating systems coupled with increasing government initiatives on improving housing infrastructure across various regions globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing construction activities in emerging countries, such as China and India. In addition, rising demand for luxury residential units by the high-income groups is anticipated to drive the product demand over the forecast period. Europe accounted for more than 25% share of global revenue in 2017 on account of widespread usage of underfloor heating systems in Germany and other European countries coupled with growing adoption across residential buildings especially during colder seasons. North America also held a significant market share due to early acceptance by consumers coupled with increased penetration rates offered through various distribution channels including online retailers and building owners/managers. The U.S.
Growth Factors:
- Increasing demand for energy-efficient heating systems
- Rising popularity of underfloor heating as a flooring option
- Growing awareness about the benefits of underfloor heating systems
- Technological advancements in underfloor heating thermostats
- Rising demand from residential and commercial sectors
Scope Of The Report
Report Attributes
Report Details
Report Title
Underfloor Heating Thermostats Market Research Report
By Type
Digital Type, Analog Type
By Application
Residential Building, Commercial Building
By Companies
Laticrete International, Mysa Smart Thermostats, Nuheat, SunTouch, OJ Electronics, Danfoss, Warmup, Prowarm, Warmtech Underfloor Heating, ATC, Thermogroup, Comfort Heat, Termofol Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Underfloor Heating Thermostats Market Report Segments:
The global Underfloor Heating Thermostats market is segmented on the basis of:
Types
Digital Type, Analog Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Building, Commercial Building
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Laticrete International
- Mysa Smart Thermostats
- Nuheat
- SunTouch
- OJ Electronics
- Danfoss
- Warmup
- Prowarm
- Warmtech Underfloor Heating
- ATC
- Thermogroup
- Comfort Heat
- Termofol Group
Highlights of The Underfloor Heating Thermostats Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Digital Type
- Analog Type
- By Application:
- Residential Building
- Commercial Building
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Underfloor Heating Thermostats Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Underfloor heating thermostats are devices that allow homeowners to control the temperature of their floors through a remote control. This allows them to maintain a comfortable temperature in any room, even when the rest of the house is cold.
Some of the major players in the underfloor heating thermostats market are Laticrete International, Mysa Smart Thermostats, Nuheat, SunTouch, OJ Electronics, Danfoss, Warmup, Prowarm, Warmtech Underfloor Heating, ATC, Thermogroup, Comfort Heat, Termofol Group.
The underfloor heating thermostats market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Underfloor Heating Thermostats Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Underfloor Heating Thermostats Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Underfloor Heating Thermostats Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Underfloor Heating Thermostats Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Underfloor Heating Thermostats Market Size & Forecast, 2020-2028
4.5.1 Underfloor Heating Thermostats Market Size and Y-o-Y Growth
4.5.2 Underfloor Heating Thermostats Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Digital Type
5.2.2 Analog Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential Building
6.2.2 Commercial Building
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Underfloor Heating Thermostats Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Underfloor Heating Thermostats Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Digital Type
9.6.2 Analog Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential Building
9.10.2 Commercial Building
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Digital Type
10.6.2 Analog Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential Building
10.10.2 Commercial Building
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Digital Type
11.6.2 Analog Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential Building
11.10.2 Commercial Building
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Digital Type
12.6.2 Analog Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential Building
12.10.2 Commercial Building
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Digital Type
13.6.2 Analog Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential Building
13.10.2 Commercial Building
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Underfloor Heating Thermostats Market: Competitive Dashboard
14.2 Global Underfloor Heating Thermostats Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Laticrete International
14.3.2 Mysa Smart Thermostats
14.3.3 Nuheat
14.3.4 SunTouch
14.3.5 OJ Electronics
14.3.6 Danfoss
14.3.7 Warmup
14.3.8 Prowarm
14.3.9 Warmtech Underfloor Heating
14.3.10 ATC
14.3.11 Thermogroup
14.3.12 Comfort Heat
14.3.13 Termofol Group
