Market Overview:
The global residential electric underfloor heating market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient heating systems and rising awareness about the benefits of underfloor heating among consumers. Additionally, government initiatives aimed at promoting energy-efficient technologies are also contributing to the growth of this market. The global residential electric underfloor heating market can be segmented on the basis of type into hydronic heating and electric heating. Hydronic systems are more popular than electric systems, owing to their higher efficiency and lower installation costs. However, as electricity prices continue to rise, electric underfloor heating is expected to gain popularity in developed countries over the next few years. On the basis of application, the global residential electric underfloor heating market can be divided into houses and apartments/condominiums. Houses account for a larger share of this market than apartments/condominiums due to their higher adoption rates in developed countries such as Europe and North America . However, with rising income levels in developing countries such as China , India , and Brazil , there is an increasing demand for luxury apartments with advanced features such as underfloor cooling and heating systems . This is likely to result in increased demand for residential electric underfloor heaters in these regions over the next few years .
Product Definition:
Residential Electric Underfloor Heating is a system that uses electricity to heat the floor of a home. It is important because it can provide comfort and warmth to a home, which can help to improve the quality of life for residents.
Hydronic Heating:
Hydronic heating is a heat pump system that works by using hot water from the radiator to generate heat. The advantage of this system is that there are no moving parts, which makes it more reliable and less likely to break down. Also, hydronic systems can provide both hot water and heat at the same time; whereas electric underfloor heating requires electricity for operation (generator).
The global residential electric underfloor heating market was valued at USD 3.5 billion in 2016.
Electric Heating:
Electric heating is the most common and popular way to heat the floor. It can be used in both new construction as well as in existing buildings. Electric heating systems are easy to install, economical, safe and have low maintenance requirements which makes them more preferable among consumers.
Electric underfloor heating system works by warming up the liquid within the tank (if it's a gas-based system) or generating heat from electric current if it's a electricity based system).
Application Insights:
Household application dominated the market with a revenue share of over 60% in 2017. The increasing need for heating in households as compared to commercial buildings is expected to be one of the key factors driving the demand for electric underfloor heating in residential applications.
The growing urban population and rising living standards are expected to drive demand for multi-family housing, which is likely to provide opportunities for growth across various regions during the forecast period. Electric underfloor heating systems are considered more affordable than their counterparts, thus providing an attractive option for apartment owners and developers across various regions.
Electricity consumption accounts for nearly 70% of total operating costs associated with installing a hydronic system, thus making it one of the most expensive sources used by designers while developing floor plans within commercial spaces such as offices or shops.
Regional Analysis:
In 2017, Asia Pacific dominated the global market with a revenue share of over 45%. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing awareness regarding floor heating systems and rising disposable income of consumers. Moreover, government initiatives promoting energy-efficient technologies are anticipated to further fuel regional growth. For instance, in China under the 13th Five Year Plan (2016 - 2020) for Energy Conservation and Development Efficiency, residential building standards were revised requiring all buildings constructed after 2016 to use heat pumps as a mandatory requirement for heating systems installed within them.
North America accounted for more than 20% of total revenue share in 2017 owing to high demand from houses as well as apartments applications segment in U.S., Canada and Mexico countries due high cold weather conditions prevalent during winter season across these regions which compel people towards using electric underfloor heating system rather than other conventional methods such as space heater or central Heating System (CHS).
Growth Factors:
- Increasing demand for energy-efficient heating systems: The global market for residential electric underfloor heating is expected to grow at a CAGR of more than 9% from 2016 to 2024, owing to the increasing demand for energy-efficient heating systems.
- Rising popularity of floor heaters: Floor heaters are becoming increasingly popular as they provide even and comfortable warmth throughout the room, without any cold spots. This is driving the growth of the global market for residential electric underfloor heating.
- Growing awareness about health benefits of underfloor heating: There is a growing awareness about the health benefits offered by underfloor heating among consumers across the globe, which is propelling its adoption in homes across regions.
- Technological advancements in electric underfloor heating systems: The technological advancements taking place in electric underfoot heating systems are helping them become more efficient and user-friendly, thereby boosting their demand globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Residential Electric Underfloor Heating Market Research Report
By Type
Hydronic Heating, Electric Heating
By Application
House, Apartment
By Companies
Raychem, Myson, Emerson, Warmup, ThermoSoft International, Flexel, Weixing, Calorique, Daikin, Danfoss A/S, STEP Warmfloor, Arkon Heating Systems, GH, Nexans, Rifeng, Korea Heating, daeho
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Residential Electric Underfloor Heating Market Report Segments:
The global Residential Electric Underfloor Heating market is segmented on the basis of:
Types
Hydronic Heating, Electric Heating
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
House, Apartment
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Raychem
- Myson
- Emerson
- Warmup
- ThermoSoft International
- Flexel
- Weixing
- Calorique
- Daikin
- Danfoss A/S
- STEP Warmfloor
- Arkon Heating Systems
- GH
- Nexans
- Rifeng
- Korea Heating
- daeho
Highlights of The Residential Electric Underfloor Heating Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hydronic Heating
- Electric Heating
- By Application:
- House
- Apartment
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Residential Electric Underfloor Heating Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Residential electric underfloor heating is a system that uses electricity to heat the floor of a building. The heat is distributed through the floor using pipes or ducts.
Some of the key players operating in the residential electric underfloor heating market are Raychem, Myson, Emerson, Warmup, ThermoSoft International, Flexel, Weixing, Calorique, Daikin, Danfoss A/S, STEP Warmfloor, Arkon Heating Systems, GH, Nexans, Rifeng, Korea Heating, daeho.
The residential electric underfloor heating market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Residential Electric Underfloor Heating Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Residential Electric Underfloor Heating Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Residential Electric Underfloor Heating Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Residential Electric Underfloor Heating Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Residential Electric Underfloor Heating Market Size & Forecast, 2018-2028
4.5.1 Residential Electric Underfloor Heating Market Size and Y-o-Y Growth
4.5.2 Residential Electric Underfloor Heating Market Absolute $ Opportunity
Chapter 5 Global Residential Electric Underfloor Heating Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Residential Electric Underfloor Heating Market Size Forecast by Type
5.2.1 Hydronic Heating
5.2.2 Electric Heating
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Residential Electric Underfloor Heating Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Residential Electric Underfloor Heating Market Size Forecast by Applications
6.2.1 House
6.2.2 Apartment
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Residential Electric Underfloor Heating Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Residential Electric Underfloor Heating Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Residential Electric Underfloor Heating Analysis and Forecast
9.1 Introduction
9.2 North America Residential Electric Underfloor Heating Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Residential Electric Underfloor Heating Market Size Forecast by Type
9.6.1 Hydronic Heating
9.6.2 Electric Heating
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Residential Electric Underfloor Heating Market Size Forecast by Applications
9.10.1 House
9.10.2 Apartment
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Residential Electric Underfloor Heating Analysis and Forecast
10.1 Introduction
10.2 Europe Residential Electric Underfloor Heating Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Residential Electric Underfloor Heating Market Size Forecast by Type
10.6.1 Hydronic Heating
10.6.2 Electric Heating
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Residential Electric Underfloor Heating Market Size Forecast by Applications
10.10.1 House
10.10.2 Apartment
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Residential Electric Underfloor Heating Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Residential Electric Underfloor Heating Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Residential Electric Underfloor Heating Market Size Forecast by Type
11.6.1 Hydronic Heating
11.6.2 Electric Heating
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Residential Electric Underfloor Heating Market Size Forecast by Applications
11.10.1 House
11.10.2 Apartment
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Residential Electric Underfloor Heating Analysis and Forecast
12.1 Introduction
12.2 Latin America Residential Electric Underfloor Heating Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Residential Electric Underfloor Heating Market Size Forecast by Type
12.6.1 Hydronic Heating
12.6.2 Electric Heating
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Residential Electric Underfloor Heating Market Size Forecast by Applications
12.10.1 House
12.10.2 Apartment
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Residential Electric Underfloor Heating Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Residential Electric Underfloor Heating Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Residential Electric Underfloor Heating Market Size Forecast by Type
13.6.1 Hydronic Heating
13.6.2 Electric Heating
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Residential Electric Underfloor Heating Market Size Forecast by Applications
13.10.1 House
13.10.2 Apartment
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Residential Electric Underfloor Heating Market: Competitive Dashboard
14.2 Global Residential Electric Underfloor Heating Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Raychem
14.3.2 Myson
14.3.3 Emerson
14.3.4 Warmup
14.3.5 ThermoSoft International
14.3.6 Flexel
14.3.7 Weixing
14.3.8 Calorique
14.3.9 Daikin
14.3.10 Danfoss A/S
14.3.11 STEP Warmfloor
14.3.12 Arkon Heating Systems
14.3.13 GH
14.3.14 Nexans
14.3.15 Rifeng
14.3.16 Korea Heating
14.3.17 daeho
