Europe Electric Underfloor Heating Market - By Facility (New Buildings, Retrofit), By Application (Residential {Single Family, Multi Family}, Commercial {Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality}, Industrial), & Forecast, 2024 - 2032

Europe Electric Underfloor Heating Market - By Facility (New Buildings, Retrofit), By Application (Residential {Single Family, Multi Family}, Commercial {Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality}, Industrial), & Forecast, 2024 - 2032

Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Industrial-Machinery | Format: Report available in PDF / Excel Format

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Europe Electric Underfloor Heating Market Size

Europe Electric Underfloor Heating Market size was valued at over USD 1.2 billion in 2023 and is estimated to grow at over 4.9% CAGR between 2024 and 2032. Various nations across Europe have introduced financial incentives to support the installation of renewable heating systems including electric and hydronic underfloor heating to reduce the dependency on the use of fossil fuel powered heating systems across building unfractured.

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Moreover, renewable space heating is becoming increasingly important across Europe as the key regional authorities strive to reduce greenhouse gas emissions and support transition towards more sustainable energy system positively catering to the industry growth.

Europe Electric Underfloor Heating Market Report Attributes
Report Attribute Details
Base Year 2023
Europe Electric Underfloor Heating Market Size in 2023 USD 1.2 Billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 4.9%
2032 Value Projection USD 1.8 Billion
Historical Data for 2019 to 2022
No. of Pages 200
Tables, Charts & Figures 272
Segments covered Facility, Application, and Country
Growth Drivers
  • Stringent building performance directives
  • Encouraging initiatives to curb the overall carbon footprint
  • Growing energy consumption across space heating operations
Pitfalls & Challenges
  • Prevalence of other heating systems

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COVID-19 Impact

The COVID-19 pandemic has significantly impacted the overall building construction across Europe. The pandemic led to the closure of construction sites and disruptions to supply chains, resulting in delays and increased costs for various construction projects. In addition, the pandemic also caused disruptions to supply chains and logistical operations between various nations inhibiting the electric underfloor heating industry. However, the growing importance of air quality, adoption of effective ventilation systems, enhanced emphasis on indoor comfort, positive measures to diminish energy consumption & costs are some of the key parameters supporting the industry expansion.

Europe Electric Underfloor Heating Market Trends

The construction sector in the region is expected to continue growing rapidly due to a surge in population, urbanization, and economic development. For example, the European Commission has set ambitious goals through the Energy Performance of Buildings Directive (2023 revision). They aim to drastically reduce energy use and greenhouse gas emissions in the region's building sector by 2030, with the ultimate target of achieving climate neutrality by 2050. In line with this, there is a growing focus on energy efficiency in buildings. Developers and homeowners are investing in improved insulation, efficient heating and cooling systems, and smart building technology. These improvements aim to minimize energy consumption and reduce carbon emissions, which will significantly impact the market landscape.

Europe Electric Underfloor Heating Market Analysis

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New Buildings As more people realize the importance of indoor comfort and energy efficiency, many new buildings are choosing electric underfloor heating systems. These systems work seamlessly with smart building technology to provide precise temperature control, better air quality, and energy savings. Retrofit Even older buildings can benefit from electric underfloor heating. By upgrading existing systems, homeowners and businesses can improve indoor comfort, reduce energy costs, and increase the value of their properties. Growth Factors Several factors are driving the growth of the electric underfloor heating market in EuropeGrowing Real EstateNew construction projects are creating a vast market for these systems. Rising Awareness Consumers are becoming increasingly aware of the benefits of electric underfloor heating. Smart City ProjectsMany cities are embracing smart technologies, including electric underfloor heating, to create more sustainable and comfortable living environments.Benefits of Electric Underfloor Heating Zonal Heating These systems can heat specific areas of a building, providing comfortable temperatures where you need them most. Energy EfficiencyElectric underfloor heating systems distribute heat evenly, reducing heat loss and saving energy. Cost Savings Lower energy consumption translates into significant cost savings over time.

Growing initiatives to conduct retrofitting of prevailing infrastructure along with expanding consumer expenditure to include enhanced comfort & luxury across building spaces will cater to the retrofitting electric underfloor heating market size. Moreover, the introduction of advanced products & services by key industry players to support easy and quick installation of sustainable technologies and serve the rising space heating demand will enhance the industry outlook.

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Based on application, the industry can be trifurcated into residential, commercial, & industrial. Residential electric underfloor heating market was valued at over USD 730 million across Europe on account of ambitious energy and climate targets for the building sector, increased demand for various sized housing units, and growing investments across the construction activities, among other parameters. Moreover, increasing utilization of multi-unit residential buildings along with mixed-use developments to provide more efficient use of space in urban areas and better support infrastructure networks will further add to the industry landscape.

Europe electric underfloor heating market across commercial infrastructure is projected to observe a significant growth over the forecast period owing to growing construction of new buildings including offices, retail spaces, hospitality establishments, and other public buildings. In addition, stringent building regulations to ensure that new & existing commercial buildings must comply with high energy performance standards coupled with rapid economic growth, urbanization, and changes in consumer behavior are some of key parameters adding to the industry outlook.

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Germany electric underfloor heating market was estimated at over USD 160 million in 2022 and is projected to witness significant uptake over the forecast period. Prevalence of stern emission reduction norms for residential, commercial, and industrial building infrastructures coupled with availability of financial benefit schemes to support low carbon heating alternatives will favor the industry dynamics.

For instance, in April 2023, the coalition government in Germany announced that the wherever possible, all newly deployed heating system across the country must be operated by at least 65% clean energy from 2024 onwards. Moreover, shifting customer preferences to integrate zonal heating solutions for different areas coupled with the positive outlook towards deployment of sustainable heating solutions will add to the national industry share.

Europe Electric Underfloor Heating Market Share

The major industry players participating across the industry include

  • MAGNUM Heating B.V.
  • OJ Electronics A/S
  • Hemstedt GmbH
  • EZEWARM IRELAND LIMITED
  • Uponor Corporation
  • nVent
  • ETHERMA Elektrowärme GmbH
  • Warmup
  • Schlüter-Systems KG
  • Elektra UK
  • Danfoss
  • Heat Mat Ltd
  • HEATCOM CORPORATION A/S.

Introduction of new & advanced products with lesser deployment time across new & retrofitting projects along with continuous focus on initiating new strategic expansions are among the key focal points shaping the industry.

Europe Electric Underfloor Heating Industry News

  • In September 2022, Heat Mat Ltd. announced to inaugurate new offices along with a production facility in Middelfart, Denmark. The new organic expansion is in line with the company’s growth plans and increase its foothold across the industry.

The Europe electric underfloor heating market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2019 to 2032 for the following segments

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By Product, 2019 – 2032 (USD Million)

 

  • New Buildings
  • Retrofit

By Application, 2019 – 2032 (USD Million)

  • Residential
    • Single family
    • Multi family
  • Commercial
    • Education
    • Healthcare
    • Retail
    • Logistics & Transportation
    • Offices
    • Hospitality
    • Others
  • Industrial

The above information has been provided for the following countries

  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Austria
  • Belgium
  • Denmark
  • Finland
  • Norway
  • Sweden

 

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