February 27, 2020
According to a recent study titled ‘Europe Electric Underfloor Heating Market Size By Application, Facility, Industrial, Commercial, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Marketstudyreport.com, the Europe electric underfloor heating market is anticipated to register a strong CAGR during the forecast period.
Extreme cold temperatures in European and Nordic countries on account of climate change is driving the growth of Europe electric underfloor heating market. Advanced heating and temperature control, easy installations on walls or ceiling with a small carbon footprint, and high operational efficiency on both electric and hydraulic systems are the factors favoring the demand for electric underfloor heating systems across the region. Furthermore, these systems also provide health benefits such to osteoporosis patients and negate respiratory allergies by carrying smoke particles upwards, which is positively impacting the market growth.
Technological advancements such as integration of smart control and intelligent eye features to regulate optimal air flow and limit the potential drop in temperature during night hours will present new growth opportunities during the forecast period.
Based on the facility, Europe electric underfloor heating market is bifurcated into existing buildings and new buildings. New buildings segment is anticipated to record considerable growth during the analysis period owing to the increasing product demand across new residential and commercial buildings. Favorable characteristics such as low maintenance cost, and optimal operability regardless of the flooring, coupled with adding value to the real estate are supporting the adoption of these systems in new establishments. Tax credit incentives, growing affordability, and stringent environmental norms will further enhance segmental growth in the coming years.
Speaking of the application scope, Europe electric underfloor heating market is segmented into residential, industrial, commercial, education, healthcare, retail, logistic transportation, offices hospitality, and others. Commercial market segment is projected to grow rapidly over the forecast timeline, owing to high product flexibility and energy efficiency. Increasing product demand from hospitality sector and other public spaces on account of fast drying of spills, restriction of dust circulation, and non-corrosive nature is boosting segmental growth. In addition, increasing adoption across the large-scale establishments to address heating load will augment the revenues from commercial segment.
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As per the regional analysis, Europe electric underfloor heating market is divided into Germany, UK, France, Italy, Spain, and Russia. France electric underfloor heating market is expected to record modest gains during the study period, owing to the booming tourism sector and inflowing investment in the hospitality sector of the region. EU’s stringent regulatory norms toward sustainable development and increasing number of green building projects are the other major factors supporting the regional market growth.
Major players operating in the Europe electric underfloor heating market include Uponor, Amuheat, H2O heating, Danfoss, Mitsubishi Electric Corporation, Robert Bosch, Warmup, Eberle Controls, REHAU, and Hurlcon Heating.
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