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 USD 3.42 Billion is expected for the market. Electric underfloor heating is gaining popularity owing to its discreet, virtually maintenance-free, hygienic, and safe properties. The market is anticipated to grow USD 2.1 Billion in 2022.
These factors are creating lucrative opportunities for the electric underfloor heating market Therefore, these factors are projected to propel the market growth.
From 2017 to 2021, the industry experienced noteworthy growth, registering a value CAGR of 3% and closing at USD 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.
Key Takeaways from the Market Study
- By application, residential sectors are expected to hold 50% market share for the electric market in the sales indicator period 2022-2032.
- By facility, new buildings are expected to hold 55% market share for the electric underfloor heating market in the forecast period 2022-2032.
- North America is expected to possess a 40% market share by registering a CAGR of 4.5% for the electric underfloor heating market in the assessment period 2022-2032
- Europe is expected to hold 35% of the market share for the electric underfloor heating market in the forecast period 2022-2032.
- Asia Pacific is expected to procure a 25% market share for the electric underfloor heating market in the assessment period 2022-2032.
Market Competition
- Warmup, a key player in the electric underfloor heating market is focusing on offering environmentally-friendly heating systems that emit lesser carbon by using radiant heat technology.
- MA GNUM Heating Group B.V offers products that are tested my major European facilities. The company offers cables, thermostats and frost protection for various internal components in homes.
Key Players
- 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,
- Hemstedt GmbH,
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Key Segments Profiled in the Electric Underfloor Heating Industry Survey
Electric Underfloor Heating by Facility:
- New Buildings
- Retrofit Facilities
Electric Underfloor Heating by Application:
- Electric Underfloor Heating by Residential
- Single Family
- Multi Family
- Electric Underfloor Heating by Commercial
- Education
- Healthcare
- Retail
- Logistics & Transportation
- Offices
- Hospitality
- Others
- Industrial
Electric Underfloor Heating by Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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