Home > Industrial Machinery > HVAC > Underfloor Heating > Europe Commercial Underfloor Heating Market
Europe Commercial Underfloor Heating Market was valued at USD 1.2 billion in 2023 and is projected to witness more than 6.1% CAGR between 2024 and 2032.
Growing inclination toward clean and energy efficient technologies coupled with rapid development of commercial infrastructure and mounting investments by consumer to attain comfort & luxury will proliferate the business growth. Ongoing refurbishment of building infrastructure owing to stringent efficiency standards and accelerated adoption of clean energy solutions driven by stern mandates for carbon emissions will further augment the industry outlook.
Report Attribute | Details |
---|---|
Base Year: | 2023 |
Europe Commercial Underfloor Heating Market Size in 2023: | USD 1.2 Billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 6.1% |
2032 Value Projection: | USD 2.1 Billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 70 |
Tables, Charts & Figures: | 12 |
Segments covered: | Technology, Application and Country |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
Europe commercial underfloor heating industry is anticipated to grow on account of increasing demand for reliable floor heating solutions across commercial infrastructure coupled with focus on limiting carbon emissions. Rapid expansion of commercial infrastructure driven by energy efficiency building standards and increasing urbanization will foster the product demand. For instance, in December 2023, the European Commission updated energy efficiency rules for buildings. These rules require a gradual improvement of non-residential buildings, adhering to minimum energy performance standards. Consequently, by 2030, 16% of the least efficient buildings are slated for renovation, with an increase to 26% by 2033.
Hydronic technology is anticipated to surpass over USD 1.5 billion by 2032. Surging demand for energy-efficient heating solutions, utilizing water for heating, this system provides enhanced comfort and stable temperature regulation, outshining conventional heating methods. Moreover, ongoing technological advancements having enhanced the efficiency and streamlined installation processes, further augmenting the commercial hydronic underfloor heating business outlook.
Increasing demand for reliable and efficient space heating across commercial spaces, expanding real estate sector, coupled with new infrastructure developments and the adoption of smart city initiatives in numerous countries, has favored the growth of electric underfloor heating across commercial applications. The introduction of stringent building regulations and carbon emission policies, increasingly embracing energy-efficient solutions, including electric underfloor heating mats will complement the electric underfloor heating industry landscape.
The hospitality segment is anticipated to grow a CAGR of over 5.5% through 2032. Ongoing expansion and development of building infrastructure including hotels, lodges, restaurants resorts, and wellness centres along with adoption of efficient heating solutions will complement the business landscape. Stringent regulations and mandates from respective authorities aimed at promoting the development of green building infrastructure will further influence the business dynamics. Additionally, the continuous development and expansion of smart city projects, introduction of enhanced technologies, leading to improved efficiency and operational capabilities will further augment the product demand.
Germany commercial underfloor heating market is projected to surpass USD 310 million by 2032. Stringent regulations on carbon emissions in building infrastructure, coupled with energy efficiency standards for sustainable heating solutions, and stringent building efficiency mandates are set to boost product demand. Moreover, supportive regulations promoting low-carbon units and the adoption of advanced, efficient technologies in new infrastructure projects is set to complement the business outlook.
Key manufacturers operating across the Europe commercial underfloor heating industry are focusing on the introduction of advanced products that require shorter deployment times, whether in new projects or retrofitting initiatives. Additionally, growing emphasis on pursing strategic expansions, agreements, collaborations and partnerships for product and project development is set to enhance their market presence. Key players including Danfoss, Watts, Uponor Corporation, Warmup plc, Schlüter-Systems KG, and REHAU among other, holds majority of the market share across the industry.
Major players operating in the industry comprising of:
Click here to Buy Section of this Report
Market, By Technology
Market, By Application
The above information has been provided for the following countries: