Electric Underfloor Heating Market Trends, Competitor Analysis and Regional Share Report to 2030

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Electric Underfloor Heating Market Trends,
Competitor Analysis and Regional Share Report to
2030
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• Industry Insights

• Electric underfloor heating systems are better
  and more economical than radiators because the
  latter can heat the air only in their immediate
  surroundings. Electric underfloor heating
  solutions, on the other hand, radiate heat
  throughout a household, thereby keeping the place
  warm. This ensures a uniform distribution of
  heat, which significantly reduces energy wastage.
• global electric underfloor heating industry
  revenue will exceed USD 3 billion by 2030. Global
  electric underfloor heating market outlook is
  expected to remain positive due to the growing
  demand for space heating solutions in countries
  that face extreme winters. Customers are also
  realizing the importance of conserving energy
  while catering to their space heating needs,
  thereby fueling the product demand.
• Large-scale urbanization has played a key role in
  improving the demand for electric underfloor
  heating solutions. This is because more customers
  are looking for innovative space heating devices.
  Using electric underfloor heating products can
  help residents avoid spending too much on
  standalone heating products like radiators.

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• Concerns regarding excessive electricity
  consumption and its harmful effect on the
  environment have become a focal point of
  discussion among regional governments. It has
  prompted them to introduce a wide range of strict
  policies and regulations to promote energy
  conservation across residential and commercial
  sectors.
• For example, in 2021, the U.K. government,
  through its Clean Growth Strategy (CGS),
  announced that by 2025, it wanted households to
  produce 75-80 less carbon emissions as compared
  to the present levels. Similar initiatives will
  increase the installation of electric underfloor
  heating devices because they can prevent
  excessive consumption of energy, thereby lowering
  carbon emissions.
• The retrofit segment will account for a sizeable
  share of global electric underfloor heating
  industry by 2030. Retrofitting projects are
  witnessing a notable rise with increased public
  and private investments.
• For instance, in April 2022, the Government of
  Canada announced investments worth CAD 5 million
  (USD 3.85 million) to fund the Deep Retrofit
  Challenge, which will promote energy efficiency
  in buildings across Toronto. This funding will
  support around 10-16 deep energy retrofit
  projects in multi-unit residential and commercial
  buildings, thereby reducing power consumption and
  greenhouse gas (GHG) emissions by almost 50.

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• Competitive Analysis

• REHAU AG, Danfoss, MAGNUM Heating Group B.V.,
  Warmup, Robert Bosch, Schneider Electric,
  Siemens, and Honeywell International Inc., among
  many others, are the top producers of electric
  underfloor heating systems.

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