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Europe Residential Electric Underfloor Heating Market Size

Report ID: GMI8594
Published Date: Mar 2024
Report Format: PDF

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Europe Residential Electric Underfloor Heating Market

Europe Residential Electric Underfloor Heating Market was valued at USD 776.9 million in 2023 and estimated to exhibit 4.9% CAGR between 2024 and 2032, surged by demand for energy efficient heating solutions. Energy and climate targets for the building sector and growing investment in construction activities further contributed to the market expansion.

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In addition, incentives offered by the government to support installation and growing importance of renewable space heating is further giving a shape to the market. For instance, in September 2020, the UK government launched the Green Homes Grant, providing homeowners with vouchers worth up to USD 6,368 to cover up to two-thirds of the cost of energy-efficient home improvements, including underfloor heating systems.

Europe Residential Electric Underfloor Heating Market Report Attributes
Report Attribute	Details
Base Year:	2023
Europe Residential Electric Underfloor Heating Market Size in 2023:	USD 776.9 Million
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	4.9%
2032 Value Projection:	USD 1.20 Billion
Historical Data for:	2019 to 2023
No. of Pages:	150
Tables, Charts & Figures:	149
Segments covered:	Application, Facility
Growth Drivers:	Introduction of new energy efficiency standards Fast paced commercialization and urbanization Stern government regulations towards emission reduction Rapidly increasing demand for space heating
Pitfalls & Challenges:	Availability of conventional heating systems along with significant initial implementation cost

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Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

European market for residential electric underfloor heating was reached USD 776.9 million in 2023 and is anticipated to grow at a CAGR of over 4.9% from 2024 to 2032, favored by demand for energy efficient heating solutions.

New buildings segment is estimated to record a 4.5% CAGR through 2032, owing to the preference for residential electric underfloor heating solutions on account of key advantage of easy and cost-effective integration during the construction phase.

Germany residential electric underfloor heating market is projected to record over USD 150 million by 2032, owing to country

Ceilhit, S.L.U, Danfoss, Elektra UK, EZEWARM IRELAND LIMITED, ETHERMA Elektrow