Europe Electric Underfloor Heating Market Analysis

Europe Electric Underfloor Heating Market Analysis

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Based on the facility, the Europe electric underfloor heating market is broadly categorized new buildings and retrofit. The increasing recognition of the importance of better indoor air quality, lighting, and other factors coupled with integration of smart building technologies will cater to the new buildings industry progress. In addition, the ongoing expansion of real estate sector, rising consumer awareness, and increasing inception of advanced smart city projects will cater to the industry growth across new infrastructure. The ability of these systems to easily integrate new buildings to heat specific areas & zones while delivering reduced heat loss & enhanced cost savings will add to the industry landscape.
 

Growing initiatives to conduct retrofitting of prevailing infrastructure along with expanding consumer expenditure to include enhanced comfort & luxury across building spaces will cater to the retrofitting electric underfloor heating market size. Moreover, the introduction of advanced products & services by key industry players to support easy and quick installation of sustainable technologies and serve the rising space heating demand will enhance the industry outlook.

Based on application, the industry can be trifurcated into residential, commercial, & industrial. Residential electric underfloor heating market was valued at over USD 730 million across Europe on account of ambitious energy and climate targets for the building sector, increased demand for various sized housing units, and growing investments across the construction activities, among other parameters. Moreover, increasing utilization of multi-unit residential buildings along with mixed-use developments to provide more efficient use of space in urban areas and better support infrastructure networks will further add to the industry landscape.
 

Europe electric underfloor heating market across commercial infrastructure is projected to observe a significant growth over the forecast period owing to growing construction of new buildings including offices, retail spaces, hospitality establishments, and other public buildings. In addition, stringent building regulations to ensure that new & existing commercial buildings must comply with high energy performance standards coupled with rapid economic growth, urbanization, and changes in consumer behavior are some of key parameters adding to the industry outlook.
 

Germany electric underfloor heating market was estimated at over USD 160 million in 2022 and is projected to witness significant uptake over the forecast period. Prevalence of stern emission reduction norms for residential, commercial, and industrial building infrastructures coupled with availability of financial benefit schemes to support low carbon heating alternatives will favor the industry dynamics.
 

For instance, in April 2023, the coalition government in Germany announced that the wherever possible, all newly deployed heating system across the country must be operated by at least 65% clean energy from 2024 onwards. Moreover, shifting customer preferences to integrate zonal heating solutions for different areas coupled with the positive outlook towards deployment of sustainable heating solutions will add to the national industry share.