Residential Electric Underfloor Heating Market Size - By Application (Single Family, Multi Family) By Facility (New Buildings, Retrofit), Regional Insights & Global Forecast, 2024 - 2032

Residential Electric Underfloor Heating Market Size - By Application (Single Family, Multi Family) By Facility (New Buildings, Retrofit), Regional Insights & Global Forecast, 2024 - 2032

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.
 

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COVID-19 Impact

The COVID-19 pandemic has brought about changes in the way people live and work, and this has also impacted the deployment potential of electric underfloor heating systems. Limited availability of skilled workforce, inhibited investments across construction industry, halting of new-building operations, and constrained cross-border trade movements are some of the key parameters induced amid the pandemic, affecting the industry outlook. However, these challenges are offset by the ability of electric underfloor heating systems to deliver low maintenance heating, better indoor comfort, improved indoor air quality with reduced risk of respiratory problems, and remote adjustment to the temperatures, among others.

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.

Residential Electric Underfloor Heating Market Analysis

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Growing construction of detached homes with the growing demand for larger living spaces combined with shifting consumer preference towards adoption of individual housing units will propel the single family residential electric underfloor heating market to grow over 4% by 2032. Similarly, the growing expansion of suburban areas with larger homes and more outdoor space has push the development of new single-family home communities.

Growing construction of cost-effective residential establishments in line with growing number of habitants across apartment & flat buildings will cater to the multi-family industry growth. Moreover, the multi family electric underfloor heating industry in projected observe substantial expansion on account of the growing demand for effective temperature maintenance along with augmenting space heating energy consumption across the domestic spaces.

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Based on the facility, the new buildings segment was estimated to reached over USD 800 million in 2022 and is set to observe a significant expansion owing to the increasing emphasis on sustainable building construction with energy-efficient lighting and HVAC systems along with rapid pace integration of new technologies across next-generation establishments. New domestic infrastructures have observed the deployment of technologically advanced systems at an unprecedented pace to include smart building automation systems controlling heating, cooling, and lighting propelling the installation potential of electric underfloor heating systems.

Continuous initiatives to upgrade the existing buildings with advanced systems to improve the energy efficiency, reduce environmental impact, and improve occupant comfort will positively cater to the growth of residential electric underfloor heating market across retrofitting facilities. Retrofitting buildings with cleaner space heating alternatives consisting electric underfloor heating systems can significantly reduce energy consumption and environmental impact. Additionally, easy integration of electric heating network across a wide range of flooring methods coupled with growing inclination towards zonal heating in the household refurbishment projects will further add to the industry landscape.

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Europe residential electric underfloor heating market was valued at above USD 730 million in 2022 and is likely to observe a significant rise on account of increasing focus towards pollution reduction and counter climate change with the use of cleaner alternatives including electric underfloor heating systems. In addition, various regulatory bodies across the region have enforced stern environmental standards & regulations to keep a check on overall carbon footprint augmenting the regional industry landscape.

Residential Electric Underfloor Heating Market Share

Continuous introduction of new products with enhanced operational capabilities combined with introduction of new strategic initiatives are among the key parameters shaping the industry competitiveness across the residential electric underfloor heating market. The key participants functioning across the global market are

• Warmup
• Hemstedt GmbH
• Danfoss
• Uponor Corporation
• nVent
• MAGNUM Heating B.V
• EZEWARM IRELAND LIMITED
• Mysa Smart Thermostats
• Schlüter-Systems KG
• Elektra UK
• OJ Electronics A/S
• Heat Mat Ltd
• ThermoSoft
• SunTouch
• Gold Heat
• ASIASTAR co., Ltd.
• DEVEX SYSTEMS AUSTRALIA.

Residential Electric Underfloor Heating Industry News

• In May 2023, Mysa Smart Thermostats announced to initiate the acquisition of a U.S. based smart thermostat manufacturer called Zen Ecosystems. The inorganic expansion initiative is projected to fortify the company’s position across the electric heating & cooling industry with the advanced product portfolio to expanded customer base.
   
• In October 2022, OJ Electronics A/S launched a new additional variant to its MWD5 thermostats with voice-controlled operation for homeowners. The product is designed to be integrated across the underfloor heating systems to deliver optimized control along with convenient & energy-efficient operations.

This residential 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 Application

• Single family
• Multi family

By Product

• New Buildings
• Retrofit

The above information has been provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Austria
  • Belgium
  • Denmark
  • Finland
  • Norway
  • Sweden
• Asia Pacific
  • China
  • Japan
  • Australia
  • India
  • South Korea
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Mexico