Electric Underfloor Heating Market Analysis

Electric Underfloor Heating Market Analysis

Significant reduction in the installation time & upfront costs in line with the development of easy-to-use heating mats will fuel the demand for electric underfloor heating market in the residential sector. Electric underfloor heating offers effective space heating solutions for small household applications including bathrooms, kitchens, and others. These systems are economical compared to hydronic units and can be readily integrated with new & old building infrastructures, complementing the acceptance of the electric underfloor heating technology over the last few years.

Ongoing efforts to promote the rollouts of enhanced & efficient space heating technology across smart cities coupled with the escalating number of green building projects will stimulate the industry growth. This technology is further slated to witness an elevated demand from residential buildings owing to the ongoing collaboration of government and private players to efficiently deal with extreme winters in various regions. Additionally, substantial development of ready-to-use heating mats and a reduction in installation costs of the units has further instigated a demand growth for the technology in the residential sector.

The Asia Pacific electric underfloor heating market is anticipated to reach USD 830 million by 2030 on account of substantial economic transformation and rapid urbanization across the region. Moreover, several countries in Southeast Asia have noted a vigorous growth in investment in the housing sector through smart city projects, which in turn, is complementing the market growth.

To get key market trends

  Download Free Sample

The Chinese market is expected to gain substantial momentum due to the growing demand for instant floor heating solutions and progressive consumer inclination toward interior designing and home decor. The space heating industry accounted for an extensive amount of GHG emissions from both residential and commercial establishments, thereby compelling policymakers to devise favorable policies for the adoption of green technologies including electric underfloor heating units.

Shifting customer preference for the deployment of comfort & luxury appliances coupled with burgeoning investments by private institutes and government authorities in the expansion and development of new & existing building infrastructures will positively influence the industry dynamics. In addition, the development of flexible heating mats along with a noteworthy decline in the overall cost of electric systems will further proliferate the market revenue.