The global electric underfloor heating market is to augment at a 5% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of US$ 3.42 Billion is expected for the market.
From 2017 to 2021, the industry experienced noteworthy growth, registering a value CAGR of 3% and closing at US$ 2 Billion. The COVID-19 pandemic affected the installation of electric underfloor heating owing to the halt in the construction industry across the globe. Post-pandemic, most countries have resorted to various industrial activities, thus, increasing the adoption of electric underfloor heating.
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Certain geographical locations are experiencing extreme winters for longer durations. People are resorting to integrating technology in their personal spaces to keep their houses warmer. Electric underfloor heating’s energy-saving capabilities, cheaper installation rates along easy installation in new buildings are driving the growth of the market.
Market Competition:
Key players in the Electric Underfloor Heating Market include Eberle by Schneider Electric, Robert Bosch, Danfoss, REHAU AG, Uponor Corporation, Amuheat, Warmup, MAGNUM Heating Group B.V., Heatcom Corporation A/S, Watts, Honeywell International Inc., and Hemstedt GmbH.
Integration with Smart Home Technologies: One of the defining trends within the electric underfloor heating market is its integration with smart home technologies. By connecting heating systems to smart thermostats and home automation platforms, users gain unprecedented control over their indoor climate. This convergence of heating technology and digital innovation not only enhances convenience but also facilitates energy optimization and cost savings.
Expansion into Commercial and Industrial Sectors: While initially popular in residential settings, electric underfloor heating systems are increasingly making inroads into commercial and industrial sectors. From office buildings to warehouses, businesses recognize the benefits of efficient, space-saving heating solutions. This expansion broadens the market landscape, presenting new opportunities for manufacturers and service providers.
Environmental Benefits and Energy Efficiency: Beyond comfort and convenience, electric underfloor heating aligns with sustainability goals by promoting energy efficiency. By distributing heat evenly across the floor surface, these systems minimize heat loss and reduce energy consumption compared to traditional radiators or forced-air systems. As society strives for greener living practices, the environmental advantages of electric underfloor heating become increasingly compelling.
