North America Electric Radiant Floor Heating Market Size By Construction Type(Residential and Commercial), By Application(Healthcare, Retail, Logistics & Transportation), By Geographic Scope And Forecast
North America Electric Radiant Floor Heating Market
North America Electric Radiant Floor Heating Market Size By Construction Type(Residential and Commercial), By Application(Healthcare, Retail, Logistics & Transportation), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
North America Electric Radiant Floor Heating Market Size By Construction Type(Residential and Commercial), By Application(Healthcare, Retail, Logistics & Transportation), By Geographic Scope And Forecast
North America Electric Radiant Floor Heating Market Size And Forecast
North America Electric Radiant Floor Heating Market size was valued at USD 908.3 Million in 2021 and is projected to reach USD 1485.5 Million by 2030, growing at a CAGR of 5.82% from 2023 to 2030.
Due to the harsh and prolonged winter in the region, North America has a considerable market share for electric radiant floor heating. The North America Electric Radiant Floor Heating Marketreport provides 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 Electric Radiant Floor Heating?
Radiant heating systems supply heat to a room by means of a system of pipes or wires that run beneath the surface flooring to gently radiate heat upward into the room. Radiant floor systems come in several styles, but one of the most popular is the electric radiant floor heating system, in which wire loops or mesh of individual wires run across the floor beneath the surface. It creates warmth by means of the natural resistance occurring as electricity flows through the metal wires.
Electric radiant floor heating is used as an energy-efficient and effective way to provide heat for many of the most used rooms in a home while keeping energy costs low. Electric floor heating systems are mainly installed in kitchens, bathrooms, and bedrooms but can also be used to provide extra warmth for rooms like the basement that are hard to heat with traditional air heating systems. Electric floor heating is easy to install and there are floor heating systems for every floor type including vinyl, nailed hardwood, tile, and floating laminate, just to name a few. The choice of flooring materials is very important when dealing with radiant floor heating. The Department of Energy recommends the use of ceramic tiles instead of wood, as ceramic tiles can hold and emit heat more effectively.
North America Electric Radiant Floor Heating Market Overview
Due to the harsh and prolonged winter in the region, North America has a considerable market share for electric radiant floor heating. As the residential and commercial sectors are embracing the technology widely, the U.S. and Canada in particular contribute to the rising sales of electric radiant floor heating. Additionally, a number of major market players who provide adaptable electric radiant floor heating are well-represented in the region, which is encouraging the installation of the technology. Additionally, due to the fact that most major manufacturers build electric radiant floor heating systems in accordance with the type of floor and its structure, individuals in North America may install these heating systems with ease.
Governments in this region have set rules for how to rate the energy usage of appliances and other energy-consuming systems. Specific appliances and pieces of equipment’s efficiency are shown on the Energy Rating Label. Customers can use it to calculate a model’s operating costs and energy effectiveness in comparison to other models of the same type. Additionally, customers are starting to adopt energy-efficient heating systems as a trend.
Electric radiant floor heating sales are mostly being driven by the U.S. due to the technology’s widespread adoption in both the commercial and residential sectors. Additionally, due to the construction industry’s rapid development, electric radiant floor heating is now a standard feature in every home.
North America Electric Radiant Floor Heating MarketSegmentation Analysis
The North America Electric Radiant Floor Heating Market is segmented on the basis of Construction Type, Application, and Geography.
North America Electric Radiant Floor Heating Market by Construction Type
Residential
Commercial
To Get Summarized Market Report By Construction Type-
Based on the Construction Type, the market is segmented into Residential and Commercial. Residential accounted for the largest market share of 60.99% in 2021, with a market value of USD 554.0 Million, and is projected to grow at a CAGR of 4.9% during the forecast period.
North America Electric Radiant Floor Heating Market by Application
Healthcare
Retail
Logistics & Transportation
Others
To Get Summarized Market Report By Application-
On the basis of application, the North America Electric Radiant Floor Heating Market has been segmented into Healthcare, Retail, Logistics & Transportation, and Others. Healthcare accounted for the largest market share of 25.42% in 2021, with a market value of USD 230.9 Million, and is projected to grow at the highest CAGR of 6.8% during the forecast period.
North America Electric Radiant Floor Heating Market by Geography
USA
Mexico
Canada
To Get Summarized Market Report By Geography-
On the basis of regional analysis, the North America Electric Radiant Floor Heating Market is classified into USA, Mexico, and Canada.
Key Players
The major players in the market are Suntouch, Nuheat, Schluter, Latticrete, Mapei, Ardex, Warmly Yours, Easyheat, WarmUp, Thermosoft, and Others.
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
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