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Residential Electric Underfloor Heating Market Trends

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

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Residential Electric Underfloor Heating Market Trends

Rapidly rising space heating requirement to counter the extreme climatic conditions have increased the deployment of various efficient heating alternatives including electric underfloor heating systems. The encouraging regulatory framework to keep a check on the overall carbon emissions together with fast-paced growth in urban population primarily across the emerging economies will further favor the industry landscape. Furthermore, the increased energy consumption attributed by the rapidly growing population density coupled with growing awareness towards adoption of sustainable technologies will cater to the industry landscape.

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.