Europe Electric Underfloor Heating Market - By Facility (New Buildings, Retrofit), By Application (Residential {Single Family, Multi Family}, Commercial {Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality}, Industrial), & Forecast, 2024 - 2032

Europe Electric Underfloor Heating Market - By Facility (New Buildings, Retrofit), By Application (Residential {Single Family, Multi Family}, Commercial {Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality}, Industrial), & Forecast, 2024 - 2032

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.

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COVID-19 Impact

The COVID-19 pandemic has significantly impacted the overall building construction across Europe. The pandemic led to the closure of construction sites and disruptions to supply chains, resulting in delays and increased costs for various construction projects. In addition, the pandemic also caused disruptions to supply chains and logistical operations between various nations inhibiting the electric underfloor heating industry. However, the growing importance of air quality, adoption of effective ventilation systems, enhanced emphasis on indoor comfort, positive measures to diminish energy consumption & costs are some of the key parameters supporting the industry expansion.

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.

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.

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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.

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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.

Europe Electric Underfloor Heating Market Share

The major industry players participating across the industry include

• MAGNUM Heating B.V.
• OJ Electronics A/S
• Hemstedt GmbH
• EZEWARM IRELAND LIMITED
• Uponor Corporation
• nVent
• ETHERMA Elektrowärme GmbH
• Warmup
• Schlüter-Systems KG
• Elektra UK
• Danfoss
• Heat Mat Ltd
• HEATCOM CORPORATION A/S.

Introduction of new & advanced products with lesser deployment time across new & retrofitting projects along with continuous focus on initiating new strategic expansions are among the key focal points shaping the industry.

Europe Electric Underfloor Heating Industry News

• In September 2022, Heat Mat Ltd. announced to inaugurate new offices along with a production facility in Middelfart, Denmark. The new organic expansion is in line with the company’s growth plans and increase its foothold across the industry.

The Europe electric underfloor heating market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2019 to 2032 for the following segments

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By Product, 2019 – 2032 (USD Million)

• New Buildings
• Retrofit

By Application, 2019 – 2032 (USD Million)

• Residential
  • Single family
  • Multi family
• Commercial
  • Education
  • Healthcare
  • Retail
  • Logistics & Transportation
  • Offices
  • Hospitality
  • Others
• Industrial

The above information has been provided for the following countries

• Germany
• UK
• France
• Italy
• Spain
• Austria
• Belgium
• Denmark
• Finland
• Norway
• Sweden