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Europe Electric Underfloor Heating Market Size

Report ID: GMI5848
Published Date: May 2023
Report Format: PDF

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Europe Electric Underfloor Heating Market Size

Europe Electric Underfloor Heating Market size was valued at over USD 1.2 billion in 2023 and is estimated to grow at over 4.9% CAGR between 2024 and 2032. Various nations across Europe have introduced financial incentives to support the installation of renewable heating systems including electric and hydronic underfloor heating to reduce the dependency on the use of fossil fuel powered heating systems across building unfractured.

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Moreover, renewable space heating is becoming increasingly important across Europe as the key regional authorities strive to reduce greenhouse gas emissions and support transition towards more sustainable energy system positively catering to the industry growth.

Europe Electric Underfloor Heating Market Report Attributes
Report Attribute	Details
Base Year:	2023
Europe Electric Underfloor Heating Market Size in 2023:	USD 1.2 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	4.9%
2032 Value Projection:	USD 1.8 Billion
Historical Data for:	2019 to 2022
No. of Pages:	200
Tables, Charts & Figures:	272
Segments covered:	Facility, Application, and Country
Growth Drivers:	Stringent building performance directives Encouraging initiatives to curb the overall carbon footprint Growing energy consumption across space heating operations
Pitfalls & Challenges:	Prevalence of other heating systems

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Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

Europe Electric Underfloor Heating Market was worth more than USD 1.2 billion in 2023 and will progress at over 4.9% CAGR between 2024 and 2032, propelled by financial incentives introduced to support the installation of renewable heating systems in the region.

Europe electric underfloor heating industry value from new buildings will grow massively through 2032 due to the expanding real estate sector, rising consumer awareness, and increasing number of advanced smart city projects.

Europe electric underfloor heating industry size from residential applications reached over USD 730 million in 2022 owing to ambitious energy targets, increased demand for various-sized housing units, and growing investments across the regional building sector.

Germany electric underfloor heating market revenue exceeded USD 160 million in 2022 attributed to the rising prevalence of stern emission reduction norms for residential, commercial, and industrial building infrastructures in the country.