Home > Industrial Machinery > HVAC > Underfloor Heating > Europe Electric Underfloor Heating Market

Europe Electric Underfloor Heating Market Trends

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

Download Free Sample

Europe Electric Underfloor Heating Market Trends

Rapid growth in the overall building stock across the region on account of fast-paced population growth, urbanization, and economic development will father add to the industry landscape. For instance, as per the 2023 revision of Energy Performance of Buildings Directive enacted by the European Commission, the regional body targets to significantly diminish the energy intake & GHG emissions across the regional building sector by 2030, while attaining climate neutrality by 2050. Moreover, the growing emphasis on improving the energy efficiency of buildings through improved insulation, efficient heating & cooling systems, and smart building technologies with an aim to reduce energy consumption & emissions will shape the market dynamics.

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.