Global Electric Underfloor Heating Market Size, Trends and Growth Opportunity, By Products (Heating Mats and Heating Cable) By Application (Residential and Commercial Building), By Region and Forecast Till 2027

Global Electric Underfloor Heating Market Size, Trends and Growth Opportunity, By Products (Heating Mats and Heating Cable) By Application (Residential and Commercial Building), By Region and Forecast Till 2027

Global Electric Underfloor Heating Market

The global electric underfloor market was valued at USD 2 billion in 2021 and it is expected to reach at USD 3 billion in 2027 at a CAGR of 4.0% during forecast period 2022-2027.

Electric underfloor heating is a process of space-heating that uses a thin heating wire installed under the surface of your floor. These wires heat up when required and the floor surfaces which gives off radiant heat to your room. The floor will also feel warm underfoot. Electronic underfloor also prevents dust circulated into the space. These are widely used in residential, industrial and for commercial purpose. Perpetual innovation in technologies will escalate the electric underfloor heating market.

Market Drivers

The growing demand for reliable heating solution in cold areas, increasing investment in constructing smart buildings accelerates the demand for electric underfloor heating market. Also with energy rising consumption across hotels and shopping malls and growing demand for high-level comfort, with increase in income level boost the growth of this market. Moreover, manufacturers are focusing on various strategic initiatives including joint ventures, strategic partnerships and merger &acquisition are the key factor in driving the growth for electric underfloor heating market.

Market Restraints

Most of the consumer are still not aware about the electric underfloor heating method, These are feasible but still incurred high manufacturing cost ,also electric underfloor heating may be difficult to repair and maintain. Thus, manufacturing cost and awareness among consumer is the major challenge in driving the growth for electric underfloor heating market.

COVID-19 Impact on Electric Underfloor Heating Market

With the outbreak of covid-19 the electric underfloor heating market adversely affected like any other industry, the pandemic caused lockdown in many countries which has limited the growth of the market, with decrease in infrastructure and construction development during pandemic has negative impact on the development of market. Due to stringent regulation and shutting down of various industries led to financial recession in construction and manufacturing industry which declined the market for electric underfloor heating market.

Market Segmentation

The global corporate clothing market segmented on the basis of product and application. On the basis of product type is segmented into heating mats and heating cable. On the basis of application, it segmented into residential and commercial building.

Regional Analysis

The global electric underfloor heating market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. Asia pacific is expected to remain at the forefront and hold the highest position as it is expected to reach USD 820 million by 2027. Chinese market is expected to gain substantial rise due to increasing demand for instant floor heating solution and progressive inclination towards infrastructure and construction development.

Key Players

Various key players are listed in this report such as Danfoss, Rehau AG, Uponor Corporation, Amuheat, Robert Bosch, Warmup, Magnum Heating group B.V.,Siemens, Heatcom Corporation A/S, Watts, Honeywell International Inc., nVent Electric and Ensto.

Market Taxonomy

By Products

Heating mats

Heating cable

By Application

Residential

Commercial building.

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Key Question Addressed by the Report

What are the Key Opportunities in Electronic Underfloor Heating Market?

What will be the growth rate from 2022 to 2027.

Which segment/region will have highest growth?

What are the factors that will impact/drive the Market?

What is the role of key players in the value chain?

What is the competitive Landscape in the industry?