Electric Underfloor Heating Market size worth $3 Bn by 2030

Electric Underfloor Heating Market size is anticipated to reach USD 3 billion by 2030, as reported in the latest study by Global Market Insights Inc.
 

Low running costs and minimization of heating bills have been amongst the key factors responsible for propelling electric underfloor heating industry over the last few years. Stringent policies & regulations to reduce carbon footprint coupled with long-term energy efficiency goals will drive the product adoption. Moreover, the burgeoning demand for innovative space heating solutions in extreme climatic conditions due to higher efficiency and cleaner operations when compared to conventional heating systems will boost the deployment of these advanced systems.
 

The COVID-19 outspread accompanied by multiple waves of virus outbreak across major countries may result in cessation of industrial operations on account of the imposition of lockdowns and stringent curfew protocols by respective governments, adversely impacting the overall underfloor heating industry. The soaring demand for instant heating applications from healthcare facilities will, however, provide a lucrative growth potential for the electric underfloor heating market. Additionally, ongoing vaccination, and removal of lockdown measures to kickstart the economic gains will restart the commercial offices and industries, which, in turn, will prove to be a significant growth opportunity for the technology.
 

Rising influx of investments toward the refurbishment of existing buildings

The refurbishment of existing buildings and the usage of energy-efficient heating equipment are the key factors driving the electric underfloor heating market. Moreover, simple installation along with growing number of DIY projects will further encourage the product adoption.
 

Browse key industry insights spread across 280 pages with 517 market data tables & 29 figures & charts from the report, “Electric Underfloor Heating Market Size By Facility (New Buildings, Retrofit), By Application (Residential {Single Family, Multi Family}, Commercial {Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality}, Industrial), COVID-19 Impact Analysis, Regional Analysis, Application Potential, Competitive Market Share & Forecast, 2022 - 2030”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/electric-underfloor-heating-market
 

Growing demand for premium & comfortable space heating solutions across the commercial sector

The burgeoning expansion of the commercial sector and substantial cost-savings in the long run are a few of the factors that will foster the electric underfloor heating industry landscape. However, underfloor heating technology offers users the liberty of décor planning & designing owing to the increased availability of floor space than other heating technologies, which is stimulating the product demand across hotels & offices. These units are readily adopted at properties that require premium and efficient heating solutions including spa and saunas, which is predicted to positively encourage the product demand.
 

Augmenting investments in the development of multifamily & commercial infrastructures in North America

The North America electric underfloor heating market will observe a tremendous pace driven by the robust growth scenario across the service sector. Industrial pollution and climate change are amongst the major concerns in the region, which, in turn, is compelling the policymakers to introduce stringent environmental policies, which will fuel the deployment of cleaner technologies including underfloor heating systems. Increasing investments in infrastructural development by private & governmental organizations will positively sway the business outlook. In addition, introduction of favorable schemes and rebates to promote sustainable heating solutions across residential, commercial, and industrial sectors will garner the product demand.
 

Key players operating in the electric underfloor heating market are focused on introducing advanced products integrated with innovative monitoring and control equipment through strategic collaborations and joint ventures with monitoring equipment manufacturers. Key industry participants include Uponor Corporation, Watts, Siemens, Danfoss, Robert Bosch, Heatcom Corporation A / S, Warmup, Schlüter-Systems, REHAU AG, Hemstedt GmbH, Amuheat, nVent, Honeywell International Inc., MAGNUM Heating Group B.V., and Eberle by Schneider Electric, amongst others.