[302 Pages Report] The global electric underfloor heating market garnered a market value of US$ 2.1 Billion in 2022 and is expected to accumulate a market value of US$ 3.42 Billion by registering a CAGR of 5% in the forecast period 2022-2032. The growth of the electric underfloor heating market can be attributed to the rapid development of urban cities along with extremely cold weather. The market for electric underfloor heating registered a CAGR of 3% in the historical period 2016-2021.
Global demand for electric underfloor heating is supported by the following factors:
| Report Attributes | Details |
|---|---|
| Expected Market Value (2022) | US$ 2.1 Billion |
| Anticipated Forecast Value (2032) | US$ 3.42 Billion |
| Projected Growth Rate (2022 to 2032) | 5% CAGR |
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North America is currently the dominating electric underfloor heating market which is attributed to the strong and long-lasting winter in the region. The countries U.S. and Canada especially contribute to the increasing sales of electric underfloor heating, as the residential and commercial sectors are widely adopting the technology. Moreover, there is a strong presence of key market players in the region that offer customizable electric underfloor heating, which is further boosting the installation of the same. In addition, people across North America are able to easily install these heating systems owing to the designing of electric underfloor heating systems according to the floor material and structure by most key manufacturers.
Europe is the second largest electric underfloor heating market owing to the demand for energy-efficient heating solutions compared to other forms of central heating systems such as traditional radiators. These systems are therefore growing in popularity since they provide lower energy bills, lesser maintenance, and reduced overall system costs. European countries such as Norway, Denmark, Sweden and the Czech Republic experience bitterly cold winters every year, which generate lucrative opportunities for market share.
Construction infrastructure increasing across educational institutes and offices are likely to stimulate product demand. Furthermore, increasing disposable income coupled with the growing demand for high-level comfort, especially in colder countries, may significantly enhance business growth. Key providers recognize the openness of smart home systems as one of the decisive aspects of high customer satisfaction. The Cloud API can be integrated into smart devices into the customer’s preferred solutions. Moreover, an individual timer can easily be integrated into the electric underfloor heating systems, for each room offers the user the greatest possible comfort and enables more efficient heating. Manufacturers ensure that these underfloor heating systems are able to be installed under all kinds of floor coverings such as ceramic tiles, natural stone, tiles, wooden parquet, wooden planks, laminates, any type of wall-to-wall carpets, linoleum and any other floor coverings.
The combination of cold stone floors with electric underfloor heating is growing in popularity. Heating cables or mats can be placed directly under the stone floor to help ensure warm feet and a comfortable temperature in the room. The adoption of electric underfloor heating is high for stone floors as they lose heat quickly; however, they can also heat up quickly when heating cables or mats are placed directly under the floor. Heating mats can be installed directly on the surface of any old flooring and are applied within the thickness of the tile adhesives, and therefore adds no significant height to the flow level. These factors are anticipated to significantly contribute to the global electric underfloor heating market growth.
Retrofitting of existing residential establishments is gaining prominence across different geographical regions. In addition, inclination of consumers to invest in comfort & luxury is expected to upsurge the sales of electric underfloor heating. Moreover, continuous research has led to innovations that help in keeping the floor at a certain temperature throughout the day. This, in turn, is helping the manufacturers to provide better solutions to residential as well as commercial sectors for underfloor heating.
Furthermore, the growing demand for space heating units in several countries with extreme weather conditions is expected to positively influence the market for electric underfloor heating. Rapid urbanization has led to the expansion of multi-story residential and commercial buildings. These structures require underfloor heating regularly. Thus, manufacturers of underfloor heating are analyzing, understanding and innovating the same as per requirement. In addition, investment by domestic & foreign investors will escalate the electric underfloor heating market demand.
Principal Consultant
The global demand for electric underfloor heating is projected to increase at a CAGR of 5% during the forecast period between 2022 and 2032, reaching a total of US$ 3.42 Billion in 2032, according to a report from Future Market Insights (FMI). From 2016 to 2021, sales witnessed significant growth, registering a CAGR of 5%.
Although the market is penetrated by various heating equipment, advancement in technology has led to the easy installation of electric underfloor heating. Various attributes of electric underfloor heating are working in the favor of the same. From weather changes in certain regions to energy-saving capabilities, electric underfloor heating has multi-purpose functions.
In the upcoming years, electric underfloor heating systems are expected to gain prominence as most new construction sites are already installing the same as a necessity. With the construction industry developing rapidly in developing regions, the demand for electric underfloor heating is expected to rise.
Urbanization leading to installation of electric underfloor heating
Migration Data Portal states that 60% of world's population is expected to live in urban areas by 2030. This is owing to better living opportunities along with easier access to good facilities. Geographically, North America, Europe and Asia Pacific are densely populated. In addition, these regions experience strong winters for a certain period of time every year. Thus, most people living in this area are installing electric underfloor heating to maintain temperatures of the floors, especially for toddlers.
In addition, the ongoing expansion of developing countries has led to the development of real estate divisions that comprise of new building infrastructure along with adoption of various smart city projects. In addition, many countries are adopting electric underfloor heating technology owing to the rapid climate change across the globe.
Electric underfloor heating systems are effortlessly deployable across new facilities, covering required areas to facilitate cost savings and reduce heat loss. The space heating industry is regulated by various building regulations and strict carbon emission policies, which in turn, is driving the penetration of energy-efficient and clean heating equipment including electric underfloor heating mat.
Effective heating solution for all spaces increasing adoption of electric underfloor heating
Electric underfloor heating systems are economical compared to hydronic units and can be easily integrated with new & old building infrastructures, thus, complementing the acceptance of the electric underfloor heating technology. Electric underfloor heating offers effective space heating solutions for small household applications including bathrooms, kitchens, and others. Significant reduction in the installation time & upfront costs in line with the development of easy-to-use heating mats is working as a key factor for driving the growth of electric underfloor heating especially for the residential sector.
Owing to the ongoing collaboration of government and private players to efficiently deal with extreme winters in various regions, the electric underfloor heating technology is further slated to witness an elevated demand from residential buildings. In addition, ongoing efforts to promote the rollouts of enhanced & efficient space heating technology across smart cities coupled with the escalating number of green building projects will stimulate the industry growth.
Additionally, substantial development of ready-to-use heating mats and a reduction in installation costs of the units has further instigated a demand growth for the technology in the residential sector.
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Longer duration of use leading to higher costs
As the name suggests, electric underfloor heating systems completely function on electric power, making it expensive for regions suffering through extreme cold waves. Moreover, commercial spaces that require electric underfloor heating system to function for a longer period of time, the running costs have the potential to derail the progress of electric underfloor heating.
Other key factors hampering the growth of electric underfloor heating market are the floor height issue and the installation time taken for the same. Installation of electric underfloor heating takes more time especially in renovation projects. Furthermore, while retrofitting electric underfloor heating systems, adjusting to the floor height or increasing the same can create issues for the entire infrastructure.
Harsh winter conditions creating opportunities for electric underfloor heating manufacturers
North America is expected to be a major contributor to the electric underfloor heating market owing to the strong and long-lasting winter in the region. U.S. especially is driving the sales of electric underfloor heating as the commercial sector and residential sector are widely adapting the technology. Moreover, rapid development in the construction industry has made electric underfloor heating technology in every household.
In addition, strong presence of ley players in the region that provide customizable electric underfloor heating is further accelerating the installation of the same. Most manufacturers are designing heat systems according to the floor material and structure, making it easier for people across North America to install the same. Thus, due to the aforementioned reasons, North America is expected to possess 35% market share by registering a CAGR of 4.5% for electric underfloor heating market in the assessment period 2022-2032
Energy-efficient heating systems favouring market growth
Installation of underfloor heating system is not only leading to lower energy bills and reduced overall system costs, but also is demanding lesser maintenance as compared to the traditional radiators. The growing popularity of the underfloor heating system can be credited to the demand for energy-efficient heating solution compared to the other forms of central heating systems.
European countries such as Norway, Denmark, Sweden and Czech Republic experience coldest winters every year. Thus, the region is creating lucrative opportunities for electric underfloor heating systems. In addition, electric underfloor heating systems flexibility to install the structure beneath the floor is playing a crucial role in the growth of the same. Thus, Europe is expected to hold 35% of market share for electric underfloor heating market in the forecast period 2022-2032.
Cheaper prices of electric underfloor heating system fueling rapid adoption
Regional players are focusing on reducing the cost of electric heating systems to make it more affordable for the consumers. This, in turn, is fueling the growth of the market in the region. In addition, increasing investments in the government and private sector in the construction industry is playing a key role in the wide adoption of electric underfloor heating.
China and Japan are driving the market for electric underfloor heating market as the demand for the same is high from the residential sectors. In addition, the reducing prices of the components of the system along with lesser installation charges are making the same affordable for people across the region. Thus, Asia Pacific is expected to procure 25% market share for electric underfloor heating market in the assessment period 2022-2032.
Energy Saving due to electric underfloor heating increasing installation in residential sectors
The growing awareness about the benefits of electric underfloor heating systems is driving the installation of the same in in residential properties. In addition, the high growth rate of the underfloor heating market for residential applications can be credited to increasing home renovation activities by residents in many developed nations.
Moreover, favorable government regulations and tax credit facilities on installing energy-efficient systems and a high focus on energy savings and minimizing energy bills are playing a key role in the wide adoption of the same. Electric underfloor heating is gaining popularity for renovations because of the development of innovative technology implemented in the products in this segment. Thus, by application, residential sectors are expected to hold 50% market share for electric underfloor heating market in the sales indicator period 2022-2032.
Modern designs of new buildings easily integrating electric underfloor heating systems
Electric underfloor heating is considered ideal for new buildings and residential structures. In addition, the growing trend of modern design has motivated consumers to create a clean and uncluttered look throughout their homes. With extreme weather changes in different geographical regions, underfloor heating has become a must. In addition, multiple advantages of installing an electric underfloor heating system in a new house like energy saving, reduced bills and one-time-installation is escalating the adoption of the same in new buildings.
Thus, by facility, new buildings are expected to hold 55% market share for electric underfloor heating market in the forecast period 2022-2032.
Key startup players in the electric underfloor heating market are Smart Load Solutions, Carbontec, Themo, Durocan, OTREMA and Tepeo.
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, Hemstedt GmbH, Siemens, Schlüter-Systems, and nVent amongst others.
| Report Attributes | Details |
|---|---|
| Market Value in 2022 | US$ 2.1 Billion |
| Market Value in 2032 | US$ 3.42 Billion |
| Growth Rate | CAGR of 5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
FMI projects the global electric underfloor heating market to expand at a 5% value CAGR by 2032.
The global electric underfloor heating market is estimated at a market value of US$ 2.1 Billion.
The global electric underfloor heating market is expected to garner a market value of US$ 3.42 Billion.
North America is expected to possess 35% market share by registering a CAGR of 4.5% for electric underfloor heating market in the assessment period 2022-2032.
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, Siemens, Schlüter-Systems, and nVent are some prominent electric underfloor heating manufacturers.
Europe is expected to hold 35% of market share for electric underfloor heating market in the forecast period 2022-2032.
Asia Pacific is expected to procure 25% market share for electric underfloor heating market in the assessment period 2022-2032.
New buildings are expected to hold 55% market share for electric underfloor heating market in the forecast period 2022-2032.
1. Executive Summary
1.1. Global Market Overview
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. FMI Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Introduction and Definition
3. Market Background and Foundation Data Points
3.1. Need of the Hour for Industries
3.2. – Strategic Priorities
3.3. Life Cycle Stage
3.4. Importance of Technology
3.5. Use Cases of Electric Underfloor Heating
3.6. Forecast Factors: Relevance and Impact
3.7. Investment Feasibility Matrix
3.8. PESTLE Analysis
3.9. Porter’s Five Forces Analysis
3.10. Market Dynamics
3.10.1. Drivers
3.10.2. Restraints
3.10.3. Opportunity Analysis
3.10.4. Trend
4. Global Market Demand (US$ Mn) Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Value (US$ Mn) Analysis, 2017-2021
4.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Facility
5.1. Introduction / Key Findings
5.2. Historical Market Value (US$ Mn) Analysis By Facility, 2017-2021
5.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Facility, 2022-2032
5.3.1. New Buildings
5.3.2. Retrofit
5.4. Market Attractiveness Analysis By Facility
6. Global Market Analysis 2017-2021 and Forecast 2022-2032, by Application
6.1. Introduction / Key Findings
6.2. Historical Market Value (US$ Mn) Analysis By Application , 2017-2021
6.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Application, 2022-2032
6.3.1. Residential
6.3.1.1. Single-Family
6.3.1.2. Multi-Family
6.3.2. Commercial
6.3.2.1. Education
6.3.2.2. Healthcare
6.3.2.3. Retail
6.3.2.4. Logistics & Transportation
6.3.2.5. Offices
6.3.2.6. Hospitality
6.3.2.7. Others
6.3.3. Industrial
6.4. Market Attractiveness Analysis By Application
7. Global Market Analysis 2017-2021 and Forecast 2022-2032, by Region
7.1. Introduction / Key Findings
7.2. Historical Market Value (US$ Mn) Analysis By Region, 2017-2021
7.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Region, 2022-2032
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2017-2021 and Forecast 2022-2032
8.1. Introduction / Key Findings
8.2. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
8.3. Market Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
8.3.1. By Country
8.3.1.1. U.S.
8.3.1.2. Canada
8.3.2. By Facility
8.3.3. By Application
8.4. Market Attractiveness Analysis
8.4.1. By Country
8.4.2. By Facility
8.4.3. By Application
9. Latin America Market Analysis 2017-2021 and Forecast 2022-2032
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
9.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Region, 2022-2032
9.3.1. By Country
9.3.1.1. Brazil
9.3.1.2. Mexico
9.3.1.3. Rest of Latin America
9.3.2. By Facility
9.3.3. By Application
9.3.4. By End Use
9.4. Market Attractiveness Analysis
9.4.1. By Country
9.4.2. By Facility
9.4.3. By Application
9.4.4. By End Use
10. Europe Market Analysis 2017-2021 and Forecast 2022-2032
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
10.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Region, 2022-2032
10.3.1. By Country
10.3.1.1. Germany
10.3.1.2. France
10.3.1.3. Italy
10.3.1.4. Spain
10.3.1.5. U.K
10.3.1.6. Rest of Europe
10.3.2. By Facility
10.3.3. By Application
10.3.4. By End Use
10.4. Market Attractiveness Analysis
10.4.1. By Country
10.4.2. By Facility
10.4.3. By Application
10.4.4. By End Use
11. Asia Pacific Market Analysis 2017-2021 and Forecast 2022-2032
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
11.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Region, 2022-2032
11.3.1. By Country
11.3.1.1. China
11.3.1.2. Japan
11.3.1.3. South Korea
11.3.1.4. Malaysia
11.3.1.5. Singapore
11.3.1.6. Australia
11.3.1.7. New Zealand
11.3.2. By Facility
11.3.3. By Application
11.3.4. By End Use
11.4. Market Attractiveness Analysis
11.4.1. By Country
11.4.2. By Facility
11.4.3. By Application
11.4.4. By End Use
12. Middle East and Africa Market Analysis 2017-2021 and Forecast 2022-2032
12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
12.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Region, 2022-2032
12.3.1. By Country
12.3.1.1. GCC Countries
12.3.1.2. South Africa
12.3.1.3. Israel
12.3.1.4. Rest of Middle East and Africa (MEA)
12.3.2. By Facility
12.3.3. By Application
12.3.4. By End Use
12.4. Market Attractiveness Analysis
12.4.1. By Country
12.4.2. By Facility
12.4.3. By Application
12.4.4. By End Use
13. Market Structure Analysis
13.1. Market Analysis by Tier of Companies
13.2. Market Concentration
13.3. Market Share Analysis of Top Players
13.4. Market Presence Analysis
14. Competition Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Competition Deep Dive
14.4. Schneider Electric
14.4.1. Company Overview
14.4.2. Facility overview
14.4.3. SWOT Analysis
14.4.4. Key Developments
14.5. Robert Bosch GmbH
14.5.1. Company Overview
14.5.2. Facility overview
14.5.3. SWOT Analysis
14.5.4. Key Developments
14.6. Danfoss
14.6.1. Company Overview
14.6.2. Facility overview
14.6.3. SWOT Analysis
14.6.4. Key Developments
14.7. REHAU AG
14.7.1. Company Overview
14.7.2. Facility overview
14.7.3. SWOT Analysis
14.7.4. Key Developments
14.8. Uponor Corporation
14.8.1. Company Overview
14.8.2. Facility overview
14.8.3. SWOT Analysis
14.8.4. Key Developments
14.9. Amuheat
14.9.1. Company Overview
14.9.2. Facility overview
14.9.3. SWOT Analysis
14.9.4. Key Developments
14.10. Warmup
14.10.1. Company Overview
14.10.2. Facility overview
14.10.3. SWOT Analysis
14.10.4. Key Developments
14.11. Magnum Heating Group B.V
14.11.1. Company Overview
14.11.2. Facility overview
14.11.3. SWOT Analysis
14.11.4. Key Developments
14.12. Heatcomm Corporation A/S
14.12.1. Company Overview
14.12.2. Facility overview
14.12.3. SWOT Analysis
14.12.4. Key Developments
14.13. Watts
14.13.1. Company Overview
14.13.2. Facility overview
14.13.3. SWOT Analysis
14.13.4. Key Developments
14.14. Honeywell International
14.14.1. Company Overview
14.14.2. Facility overview
14.14.3. SWOT Analysis
14.14.4. Key Developments
14.15. Hemstedt GmbH
14.15.1. Company Overview
14.15.2. Facility overview
14.15.3. SWOT Analysis
14.15.4. Key Developments
14.16. Siemens
14.16.1. Company Overview
14.16.2. Facility overview
14.16.3. SWOT Analysis
14.16.4. Key Developments
14.17. Schluter Systems
14.17.1. Company Overview
14.17.2. Facility overview
14.17.3. SWOT Analysis
14.17.4. Key Developments
14.18. nVent
14.18.1. Company Overview
14.18.2. Facility overview
14.18.3. SWOT Analysis
14.18.4. Key Developments
15. Assumptions And Acronyms Used
16. Research Methodology
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Electric Underfloor Heating Market
