Europe Underfloor Heating Market
No. of Pages: 120 | Report Code: BMIRE00030437 | Category: Electronics and Semiconductor
No. of Pages: 120 | Report Code: BMIRE00030437 | Category: Electronics and Semiconductor
The Europe underfloor heating market was valued at US$ 1,564.78 million in 2022 and is expected to reach US$ 2,914.69 million by 2030; it is estimated to register a CAGR of 8.1% from 2022 to 2030. Government Support for Installation of Floor Heating Drives Europe Underfloor Heating Market.
In response to the 10-point plan for a green industrial revolution, the UK government is focusing on energy efficiency. As part of the government's goal to "build back better" following the COVID-19 pandemic, the 10-point plan outlines US$ 12.61 billion of funding. The majority of this funding will be allocated to UK infrastructure projects. However, among those 10 points plan a significant investment in making homes more energy efficient, the UK is moving away from fossil fuel boilers and stepping toward low-carbon heating sources such as hydrogen and heat pumps. For this, the UK government is emphasizing the policy to improve the energy efficiency of ~2.8 million homes, with 600,000 heat pumps being installed every year by 2028. The government is also encouraging homeowners to consider upgrading their heat emitters to a more efficient option, such as underfloor heating, as it is ~30% more efficient than radiators, especially when connected with heat pumps and other such low-carbon systems.
Thus, such government initiatives emphasize low-carbon heating sources and development of underfloor heating system based on greywater, driving the growth of the underfloor heating market.Europe Underfloor Heating Market Overview
Homes warmed with underfloor heating are extra comfortable and up to 40% more efficient than those using conventional central heating systems. Underfloor heaters offer a low-carbon heating solution and use radiant heat technology to warm people in a space with infrared energy rather than just warming the air. Thus, underfloor heaters are prevalent in Europe. Several players in Europe are providing underfloor heating. For instance, Warmup underfloor heating products have been installed across the world in over 2.5 million homes and are trusted for their high-quality design. Home heating businesses and industry are responsible for a third of the UK's greenhouse gas emissions. The majority (85%) of homes in the UK are heated by natural gas, followed by oil, coal, and LPG-all nonrenewable fossil fuels. With the Net Zero Emissions Law, the UK government is directing to bring all greenhouse gas emissions to be net zero by 2050, due to which traditional gas and oil heating systems are being gradually phased out. Thus, the UK government is investing heavily in supporting low-carbon electricity, such as renewable source driven heating systems-including infrared central heating- such renewables-based heating solution will benefit in the long run by proving environment friendly and energy efficient.
The UK government has unveiled a US$ 2.10 billion grant scheme called the Green Homes Grant designed to help pay for a range of upgrades to improve energy efficiency measures and support the installation of low-carbon heating in 600,000 homes. Such green energy plans and electricity-driven heating systems are propelling the installation of underfloor heating in Europe, thereby propelling the market. Several players across the region have launched underfloor heating products. For instance, as of October 2022, Warmup PLC launched a VLo line of low-profile hydronic underfloor heating systems. Such product launches across the region propel the growth of the Europe underfloor heating market.
Europe Underfloor Heating Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the Europe Underfloor Heating provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Europe Underfloor Heating refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Get more information on this report Europe Underfloor Heating Strategic Insights
Get more information on this report Europe Underfloor Heating Report Scope
Report Attribute
Details
Market size in 2022
US$ 1,564.78 Million
Market Size by 2030
US$ 2,914.69 Million
Global CAGR (2022 - 2030)
8.1%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Type
By Installation
Regions and Countries Covered
Europe
Market leaders and key company profiles
Get more information on this report Europe Underfloor Heating Regional Insights
Get more information on this report
Europe Underfloor Heating Market Segmentation
The Europe underfloor heating market is segmented based on type, installations, application, and country. Based on type, the Europe underfloor heating market is bifurcated into hydronic system components and electric system components. The hydronic system components services held a larger market share in 2022. The hydronic system components is sub segmented into wet hydronic heating and dry hydronic heating. Furthermore, electric system components is bifurcated into heating mats and heating cables.
Based on installation, the Europe underfloor heating market is bifurcated into retrofit and new. The retrofit held a larger market share in 2022.
Based on application, the Europe underfloor heating market is bifurcated into residential & commercial. The residential held a larger market share in 2022.
Based on country, the Europe underfloor heating market is segmented into Germany, the UK, Russia, France, Italy, and the Rest of Europe. Germany dominated the Europe underfloor heating market share in 2022.
Danfoss AS, Emerson Electric Co, nVent Electric Plc, Watts Water Technologies Inc, Robert Bosch GmbH, Resideo Technologies Inc, Uponor Corp, REHAU Ltd, Daikin Europe NV, and Schneider Electric SE are some of the leading companies operating in the Europe underfloor heating market.
1. Danfoss AS.
2. Emerson Electric Co.
3. nVent Electric Plc.
4. Watts Water Technologies Inc.
5. Robert Bosch GmbH.
6. Resideo Technologies Inc.
7. Uponor Corp.
8. REHAU Ltd.
9. Daikin Europe NV
10. Schneider Electric SE.
The Europe Underfloor Heating Market is valued at US$ 1,564.78 Million in 2022, it is projected to reach US$ 2,914.69 Million by 2030.
As per our report Europe Underfloor Heating Market, the market size is valued at US$ 1,564.78 Million in 2022, projecting it to reach US$ 2,914.69 Million by 2030. This translates to a CAGR of approximately 8.1% during the forecast period.
The Europe Underfloor Heating Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Underfloor Heating Market report:
The Europe Underfloor Heating Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Underfloor Heating Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Underfloor Heating Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
UK+442030260021, US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Europe Underfloor Heating Market
