| Product Code: ETC5397185 | Publication Date: Nov 2023 | Updated Date: Jan 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Iceland underfloor heating market witnessed a steady increase in imports from 2020 to 2024. The compound annual growth rate (CAGR) for this period was 8.61%. Notably, the year-on-year growth rate spiked to 18.30% in 2024, indicating a significant surge in import volumes during that year.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Iceland Underfloor Heating Market Overview |
3.1 Iceland Country Macro Economic Indicators |
3.2 Iceland Underfloor Heating Market Revenues & Volume, 2021 & 2031F |
3.3 Iceland Underfloor Heating Market - Industry Life Cycle |
3.4 Iceland Underfloor Heating Market - Porter's Five Forces |
3.5 Iceland Underfloor Heating Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.6 Iceland Underfloor Heating Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Iceland Underfloor Heating Market Revenues & Volume Share, By Installation Type, 2021 & 2031F |
3.8 Iceland Underfloor Heating Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Iceland Underfloor Heating Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient heating solutions |
4.2.2 Growing awareness about the benefits of underfloor heating in terms of comfort and space-saving |
4.2.3 Government initiatives promoting the use of renewable energy sources in heating systems |
4.3 Market Restraints |
4.3.1 High initial installation costs of underfloor heating systems |
4.3.2 Limited availability of skilled professionals for installation and maintenance |
4.3.3 Challenges related to retrofitting underfloor heating systems in existing buildings |
5 Iceland Underfloor Heating Market Trends |
6 Iceland Underfloor Heating Market Segmentations |
6.1 Iceland Underfloor Heating Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 Iceland Underfloor Heating Market Revenues & Volume, By Hardware, 2021-2031F |
6.1.3 Iceland Underfloor Heating Market Revenues & Volume, By Service, 2021-2031F |
6.2 Iceland Underfloor Heating Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Iceland Underfloor Heating Market Revenues & Volume, By Hydronic Underfloor Heating, 2021-2031F |
6.2.3 Iceland Underfloor Heating Market Revenues & Volume, By Heating Pipes, 2021-2031F |
6.2.4 Iceland Underfloor Heating Market Revenues & Volume, By Thermostats and Sensors, 2021-2031F |
6.2.5 Iceland Underfloor Heating Market Revenues & Volume, By Thermal Actuators, 2021-2031F |
6.2.6 Iceland Underfloor Heating Market Revenues & Volume, By Zone Valves, 2021-2031F |
6.2.7 Iceland Underfloor Heating Market Revenues & Volume, By Wiring Centers, 2021-2031F |
6.2.8 Iceland Underfloor Heating Market Revenues & Volume, By Electric Underfloor Heating, 2021-2031F |
6.2.9 Iceland Underfloor Heating Market Revenues & Volume, By Electric Underfloor Heating, 2021-2031F |
6.3 Iceland Underfloor Heating Market, By Installation Type |
6.3.1 Overview and Analysis |
6.3.2 Iceland Underfloor Heating Market Revenues & Volume, By New Installation, 2021-2031F |
6.3.3 Iceland Underfloor Heating Market Revenues & Volume, By Retrofit Installation, 2021-2031F |
6.4 Iceland Underfloor Heating Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Iceland Underfloor Heating Market Revenues & Volume, By Residential, 2021-2031F |
6.4.3 Iceland Underfloor Heating Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.4 Iceland Underfloor Heating Market Revenues & Volume, By Industrial, 2021-2031F |
6.4.5 Iceland Underfloor Heating Market Revenues & Volume, By Healthcare, 2021-2031F |
6.4.6 Iceland Underfloor Heating Market Revenues & Volume, By Sports & Entertainment, 2021-2031F |
6.4.7 Iceland Underfloor Heating Market Revenues & Volume, By Others, 2021-2031F |
7 Iceland Underfloor Heating Market Import-Export Trade Statistics |
7.1 Iceland Underfloor Heating Market Export to Major Countries |
7.2 Iceland Underfloor Heating Market Imports from Major Countries |
8 Iceland Underfloor Heating Market Key Performance Indicators |
8.1 Energy efficiency ratings of underfloor heating systems installed |
8.2 Number of new residential and commercial construction projects opting for underfloor heating |
8.3 Adoption rate of renewable energy sources in underfloor heating systems |
9 Iceland Underfloor Heating Market - Opportunity Assessment |
9.1 Iceland Underfloor Heating Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.2 Iceland Underfloor Heating Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Iceland Underfloor Heating Market Opportunity Assessment, By Installation Type, 2021 & 2031F |
9.4 Iceland Underfloor Heating Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Iceland Underfloor Heating Market - Competitive Landscape |
10.1 Iceland Underfloor Heating Market Revenue Share, By Companies, 2024 |
10.2 Iceland Underfloor Heating Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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