Europe and Middle East Radiant Electric Floor Heating Market
Europe and Middle East Radiant Electric Floor Heating Market Size By Type(Hydronic and Electric), By Application(Residential and Commercial), By country And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Europe and Middle East Radiant Electric Floor Heating Market Size By Type(Hydronic and Electric), By Application(Residential and Commercial), By country And Forecast
Europe and Middle East Radiant Electric Floor Heating Market Size And Forecast
Europe and Middle East Radiant Electric Floor Heating Market was valued at USD 1,455.93 Million in 2019 and is projected to reach USD 1,787.64 Million by 2027, growing at a CAGR of 3.81% from 2020 to 2027.
Increasing demand for energy-efficient heating systems is the primary factor driving the market growth. Europe and Middle East report provide a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
What is Radiant Electric Floor Heating?
Imagine stepping onto a floor that's gently warm – that's the magic of radiant floor heating! It's a way of heating your home that feels incredibly comfortable, thanks to heat radiating from a moderately warm surface, keeping the temperature just right. People love it because it's so quiet and doesn't waste energy. Because the warmth comes from below, you get even heating as the warm air rises, pushing the cold air out of the way. There are different kinds, but one favorite is the electric radiant floor. Think of these as special mats laid under your floor, with coils inside that warm up with electricity. These coils are made of wires – often copper or nichrome – snaked back and forth and protected by a waterproof coating. Nichrome, a mix of nickel and chromium, is perfect for this because it resists electricity really well, turning it into heat. The mats are then connected to their own 15- or 20-amp circuit and controlled by a thermostat on the wall. Say goodbye to clunky radiators! These systems send heat straight to the floor (or walls or ceiling!), and if your floor is thick enough, it can store that warmth and keep your house cozy for up to ten hours without needing more electricity.
Europe and Middle East Radiant Electric Floor Heating Market Overview
What's making the market for these heating systems grow? Well, it's mainly because everyone wants more energy-efficient ways to heat their homes! Radiant electric floor heating systems are becoming super popular. They've got a lot going for them, like how much energy they save compared to old-school heating, and they last a really long time. They mostly run on electricity. Now, a lot of these systems use about 12 watts per hour for every square foot. So, if you've got a 100-square-foot room, you're looking at 1200 watts an hour, which is actually 300 watts less than what a typical space heater would use! Plus, with more and more LEED buildings popping up, that's pushing the market even further. When you look at how energy is used worldwide, buildings are the big guzzlers, taking up around 45% of all energy. Industry and transportation come in second, using about 20%. And get thisabout 54% of all the energy a building uses is just for heating!
Moreover, recent technological advancements in the electric radiant heating is creating lucrative opportunities for the market growth. Recent advancements in technology, such as smart thermostats have made it much simpler to combine electric floor heating with a home automation system, which can be attractive to many technology-savvy homeowners. For instance, In January 2020, Emerson introduced new Warm Tiles ColorTouch WiFi-enabled thermostats. However, high up-front cost and installation cost is the significant factor restraining the market growth. The up-front cost for radiant electric floor heating systems is costly, depending on the system and size used for the area.
Europe and Middle East Radiant Electric Floor Heating MarketSegmentation Analysis
The Europe and Middle East Radiant Electric Floor Heating Market is segmented on the basis of Type and Application.
Europe and Middle East Radiant Electric Floor Heating Market by Type
Hydronic
Electric
To Get Summarized Market Report By Type-
Okay, so the radiant heating floor market? It's basically split into two typesHydronic and Electric. Back in 2019, hydronic systems were the big dogs, and they're expected to keep growing – like, around 3.39% each year! The way it works is pretty coolyou've got liquid, usually water, running through pipes under your floor, turning the whole floor into a radiator. Think of it like thisheated water from a boiler makes its way through a network of pipes nestled beneath the floor surface. And you control the temperature with zoning valves, pumps, and thermostats. Because the piping and water flow tech have gotten so much better, these hydronic systems are becoming super popular, especially in chilly places like North America and Europe.
Europe and Middle East Radiant Electric Floor Heating Market by Application
Residential
Commercial
To Get Summarized Market Report By Application-
When we look at where radiant electric floor heating is used in Europe and the Middle East, it basically breaks down into two categorieshomes (that's Residential) and businesses (Commercial). Back in 2019, most of the demand came from homes, and we're expecting that to keep growing at a rate of about 3.42% each year. People are liking radiant floor heating more and more for their homes. You know, usually houses, bungalows, apartments, and the like use things like forced air or those old-school steam radiators to stay warm. But, those old systems have issues! They tend to lose a lot of heat through the ductwork, which makes them less efficient.
Key Players
The “Europe and Middle East Radiant Electric Floor Heating Market ” study report will provide a valuable insight with an emphasis on the market including some of the major players such as Warmup, Watts Radiant, Honeywell International Inc., Emerson Electric Co., Danfoss, and others.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players
Key Developments
Company Name
Key Developments
Description
Danfoss
Expansion
• Danfoss has changed its group structure to combine the Heating and cooling segments into Danfoss Climate Solutions.
Honeywell International Inc.
New Launch
• Thermostat launched Latest e-Series, available in a wireless model to deliver installation convenience for hoteliers and more tailored comfort for guests
Report Scope
Report Attributes
Details
Study Period
2016-2027
Base Year
2019
Forecast Period
2020-2027
Historical Period
2016-2018
Unit
Value (USD Million)
Key Companies Profiled
Warmup, Watts Radiant, Honeywell International Inc., Emerson Electric Co., Danfoss, and others.
Segments Covered
Type
Application
Customization scope
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
Europe and Middle East Radiant Electric Floor Heating Market Infographic
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Reasons to Purchase this Report
We'll dive deep into the market, looking at it from every angle – both the money side and the softer stuff – by breaking it down into understandable segments. You'll get clear numbers – market value in USD Million – for each of those segments and sub-segments. We'll pinpoint which areas and categories are growing fastest and which ones are the kings of the hill. Plus, we'll break down each geographic area, showing you where the product/service is really being used and what's driving the market there. Check out the competitive scene with rankings of the big players, new product launches, strategic partnerships, expansions, and acquisitions over the last five years. We'll also provide detailed company profiles that cover everything from an overview and insights to product benchmarking and a SWOT analysis. Get a glimpse of today's market and where it's headed in the future, taking into account the latest developments, opportunities, and roadblocks in both up-and-coming and mature markets. We'll even give you a Porter's Five Forces analysis for a complete picture of the market, insight through the Value Chain, a look at market dynamics, and the exciting growth opportunities ahead. And don't forget – you get 6 months of post-sales analyst support!
Customization of the Report
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