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.
Europe Commercial Underfloor Heating Market Report Attributes
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:
Stringent standards to curb carbon emissions and growing adoption of energy efficient space heating technologies
Accelerated investment for development of commercial infrastructure
The market size of Europe commercial underfloor heating was worth over USD 1.2 billion in 2023 and is expected to grow at 6.1% CAGR through 2032, driven by rising demand for energy-efficient technologies and the expansion of commercial infrastructure.
The hydronic underfloor heating segment is anticipated to surpass USD 1.5 billion by 2032. The increasing demand for energy-efficient heating solutions that use water for stable temperature regulation, coupled with ongoing technological advancements, is driving this growth.
The hospitality sector is projected to grow at a CAGR of over 5.5% through 2032. The expansion of infrastructure in hotels, lodges, restaurants, resorts, and wellness centers, combined with the growing emphasis on energy-efficient heating solutions, is driving growth in this segment.
Germany is poised to become a major player in the commercial underfloor heating market, with the sector expected to reach over USD 310 million by 2032. Stringent regulations concerning carbon emissions, energy efficiency standards, and supportive government measures for sustainable heating solutions are driving the demand for underfloor heating systems in the country.
Major companies operating in the Europe Commercial Underfloor Heating Market include Danfoss, ETHERMA Elektrowärme GmbH, Gaia Climate Solutions, HEATCOM CORPORATION A/S, Hemstedt GmbH, Hunt Commercial, MAGNUM Heating Group B.V., MAPEI S.p.A, nVent, OJ Electronics A/S, REHAU, Schlüter-Systems KG, SunTouch, Thermo-Floor UK Limited, Uponor Corporation, Warmup Plc, and Watts.
