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Residential Electric Underfloor Heating Market Trends

Report ID: GMI5724
Published Date: Nov 2024
Report Format: PDF

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Residential Electric Underfloor Heating Market Trends

The residential electric underfloor heating industry is experiencing significant growth, propelled by the increasing frequency of extreme weather events has heightened the demand for efficient space heating solutions. In addition, the rapid rate of urbanization in emerging economies has created a larger consumer base for advanced heating technologies, complemented by regulatory initiatives aimed at reducing carbon emissions. Moreover, the surge in energy demand resulting from rapid population growth in urban areas, and the increasing recognition of the importance of sustainable energy solutions will further drive the market dynamics.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The global market for residential electric underfloor heating was reached USD 1.7 billion in 2024 and is projected to grow at a 4.5% CAGR from 2025 to 2034, driven by the increasing focus on reducing GHG emissions from homes.

The market for electric underfloor heating in single-family residences is anticipated to exceed USD 1.5 billion by 2034, attributed to the increasing construction of detached houses and a rising consumer preference for spacious living environments.

The new construction segment is projected to observe a growth rate of over 4% through 2034, led by the increasing adoption of sustainable building practices and the integration of energy-efficient systems in modern structures.

The U.S. residential underfloor heating market is set to reach USD 470 million by 2034, supported by shifting consumer preferences towards modern heating solutions and stringent regulatory guidelines promoting energy efficiency.

Major manufacturers in the industry include AsiaStar, Danfoss, Devex Systems Australia, Elektra UK, Ezewarm Ireland, Gold Heat, Heat Mat, Hemstedt, Magnum Heating, Mysa Smart Thermostats, nVent, OJ Electronics, Schluter-Systems, SunTouch, ThermoSoft, Uponor, and Warmup.