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
The electric underfloor heating market is set to witness massive growth through 2030 owing to supportive regulatory policies to curb the global carbon footprint. Additionally, increasing deployment of low-emission cooling and heating units is poised to further foster industry outlook over the forecast timeline.
After the onset of COVID-19, the demand for electric underfloor heaters surged as people were forced to adapt to the emerging trend of remote working and education in light of government-imposed lockdown restrictions. This propelled the requirement for effective heating solutions, which positively influenced the market during the pandemic.
Moreover, major players in the electric underfloor heating market have been focusing on product innovation to improve their business standing, thereby bolstering industry expansion. For instance, in April 2022, electronics giant Mitsubishi Electric introduced its novel airflow control technology, which is designed to optimize room-wide comfort by analyzing and visualizing air conditioning airflow and temperature distribution.
This new technology uses information about the room and air conditioning system layouts to generate 3D models and conducts CFD analysis. Based on the analysis, it selects the ideal condition and regulates the system’s operation.
In another notable development, in July 2022, the Potsdamer Platz located in Berlin announced that a high-temperature heat pump that uses a low GWP refrigerant was planned to begin operation at its district heating, power and cooling center. Funded by Germany’s Federal Ministry of Economics and Climate Protection, this installation was a result of a project, which involved Vattenfall Wärme Berlin AG, the German energy provider, and energy leader Siemens Energy AG. The pilot project was intended to supply hot water to 30,000 households during summer and heat to 3,000 households in winter while saving up to 65,000 tons of CO2 in Berlin’s heating system.
The electric underfloor heating market has been bifurcated on the basis of application, facility, and regions covered.
On the basis of facility, the market has been segmented into retrofit and new buildings. New buildings hold a sizable revenue share in the market and are slated to progress at a robust pace through the analysis timeframe. Increasing investment in new residential and commercial establishments is likely to boost segmental development in the following years.
In the regional context, the Middle East & Africa electric underfloor heating market is expected to register substantial growth over the forecast timeline. Rising disposable income, coupled with growing commercial infrastructure in MEA, is set to augment market demand in the upcoming time period.
On the other hand, the Latin America electric underfloor heating industry is foreseen to register notable revenue growth through 2030. Rapid urbanization across the LATAM region is primed to drive market development in the forthcoming years.
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