Residential Underfloor Heating Market Analysis

Residential Underfloor Heating Market Analysis

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Based on the technology, the industry can be bifurcated into electric and hydronic. The residential hydronic underfloor heating market was valued at over USD 2.7 billion in 2023 and is set to observe a significant expansion owing to the increasing demand for affordable space heating solutions coupled with encouraging government incentives & support for the integration of underfloor heating systems in residential areas.
 

The residential electric underfloor heating industry is projected to observe a growth rate of over 4.5% by 2032 on account of the escalating efforts to reduce harmful greenhouse gas emissions from household operations along with the rising demand for energy-efficient heating systems. Furthermore, the transition of consumer preferences towards incorporating smart home technology with remote operational capabilities coupled with the increased emphasis on health benefits and elevated comfort levels will further add to the residential underfloor heating market growth.
 

Based on the facility, the market can be broadly categorized into new buildings and retrofit. New construction projects incorporating sustainable heating building practices to align with green building standards by offering energy-efficient heating solutions positively stimulating the industry landscape across new buildings. The versatility and design flexibility of the systems with easy installation across various building types, layouts, and floor coverings will further add to the product adoption rate.
 

Persistent efforts to enhance existing building infrastructure through the adoption of advanced systems aimed at boosting energy efficiency, minimizing environmental footprint, and enhancing occupant comfort are poised to augment the deployment across retrofit facilities. Retrofitting buildings with cleaner space heating alternatives including electric & hydronic underfloor heating systems, holds a significant potential to substantially decrease energy consumption and environmental harm.
 

Based on the application, the industry can be primarily divided into single family and multi family. The increasing construction of detached homes, driven by the rising demand for larger living spaces along with the shifting consumer preference towards individual housing units, is expected to fuel the growth of the single-family application. Moreover, the expanding suburban areas characterized by larger homes and growing disposable incomes across consumers in developed as well as emerging economies will further cater to the industry expansion.
 

• Europe residential underfloor heating market was estimated at over USD 2 billion in 2023 and is projected to observe substantial expansion between 2024 to 2032. The notable shift towards low-carbon heating solutions attributed to the stern environmental regulations & sustainability goals and reduce the dependency on traditional heating methods has positively catered to the industry landscape. For instance, in September 2023, the government of Jersey, a part of the UK, has confirmed to support the first 100 households under its low-carbon heating scheme with a total funding of over USD 525 thousand.
   
• Government incentives and regulations play a significant role in driving the adoption of underfloor heating systems across the region. Incentive programs, subsidies, and tax credits encourage the installation of energy-efficient heating solutions, while building codes and regulations set standards for energy performance and indoor comfort in new and existing buildings propelling the industry outlook.