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Residential Electric Underfloor Heating Market Size

Report ID: GMI5724
Published Date: May 2023
Report Format: PDF

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Residential Electric Underfloor Heating Market Size

Residential Electric Underfloor Heating Market was valued at USD 1.6 billion in 2023 and is poised to grow at 4.6% CAGR from 2024 to 2032. Growing measures to curb harmful greenhouse gas discharges from domestic establishments coupled with increasing demand for more energy-efficient heating systems will drive the residential electric underfloor heating industry outlook.

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Moreover, shifting consumer preferences to integrate smart home technology with remote operational features along with enhanced health benefits & comfort levels will further add to the Residential Electric Underfloor Heating Market development.

Electric underfloor heating systems have observed significant uptake over the years on account of various parameters including their optimized design more flexibility and easy integration across different types of flooring. In addition, positive outlook by different state and federal authorities to maintain the energy performance of building infrastructures and maintain a lower carbon footprint will complement the industry growth.

Residential Electric Underfloor Heating Market Report Attributes
Report Attribute	Details
Base Year:	2023
Residential Electric Underfloor Heating Market Size in 2023:	USD 1.6 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	4.6%
2032 Value Projection:	USD 2.5 Billion
Historical Data for:	2019 to 2023
No. of Pages:	240
Tables, Charts & Figures:	316
Segments covered:	Application, Facility, and Region
Growth Drivers:	Introduction of new energy efficiency standards Fast paced commercialization and urbanization Stern government regulations towards emission reduction Rapidly increasing demand for space heating
Pitfalls & Challenges:	Availability of conventional heating systems along with significant initial implementation cost

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Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The size of residential electric underfloor heating surpassed USD 1.6 billion in 2023 and will observe over 4.6% CAGR from 2023 to 2032 due to the increasing measures to curb harmful greenhouse gas discharges from domestic establishments.

The new buildings segment reached over USD 800 million in 2022 and will witness significant expansion through 2032 driven by the growing emphasis on sustainable building construction with energy-efficient lighting.

Europe residential electric underfloor heating market reached USD 730 million in 2022 and will witness expansion through 2032 owing to the rising focus on pollution reduction to counter climate changes.

Warmup, Hemstedt GmbH, Danfoss, Uponor Corporation, nVent, MAGNUM Heating B.V., EZEWARM IRELAND LIMITED, Mysa Smart Thermostats, Schlüter-Systems KG, and Elektra UK are some of the prominent industry players.