A radiant floor heating system is a form of heating that transfers heat from a moderately hot object, effectively regulating indoor temperatures. This type of heating is characterized by having the heat source positioned beneath the floor, ensuring even distribution of warmth as the heated air rises and displaces colder air. Radiant floor systems come in various types, with electric systems being particularly popular. In radiant electric floor heating, heat-conducting plastic mats with electrically heated coils are used. These systems provide direct radiant heat to the floor, panels in the walls, or ceiling of a building. Typically, it takes around 30 minutes to an hour for the floor and space to reach the desired temperature. The factors boosting the growth of the market are surge in green building development, growing investment in energy efficient buildings, and increasing retrofit and renovation activities.
According to Statista Research Department, the global investments in energy-efficient buildings peaked in 2022, but to achieve net-zero by 2050, annual investments of over half a trillion U.S. dollars are required between 2026 and 2030. Meeting this goal necessitates a substantial and rapid increase in investment levels. The retrofit and renovation market is also boosting the growth of the radiant electric floor heating industry. Moreover, rising government support and incentives and expansion of Renewable Energy Sources such as geothermal, creates lucrative opportunities for the market. However, the high installation cost of Radiant Electric Floor Heating stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Radiant Electric Floor Heating Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share due to increasing focus on energy efficiency and sustainable living. The cold climate conditions in many areas make radiant electric floor heating an attractive and effective heating solution. The ongoing renovation and retrofitting activities in the region also contribute to the market's growth. However, Asia Pacific is expected to be the fastest growing region during the forecast period, owing to factors such as rapid urbanization, increasing disposable incomes, and a growing focus on energy efficiency. The region's construction boom and the demand for modern heating solutions contribute to market growth. Government initiatives promoting sustainable living and energy-efficient technologies further boost the adoption of radiant electric floor heating systems.
Major market player included in this report are:
- Nuheat
- Watts Radiant
- SunTouch
- Heavenly Heat
- Warmup plc
- Warmboard
- Emerson Electric Co.
- Amuheat Pty Ltd
- Honeywell International Inc.
- Schneider Electric SE
Recent Developments in the Market:
- In October 2022, SunTouch, a brand under Watts, launched its new Certified SunTouch Installer Program. This program aims to provide certification to installers who demonstrate expertise in working with SunTouch radiant electric floor heating systems.
- In February 2021, Polypipe Group plc, a prominent manufacturer of water and climate management solutions, acquired Nu-Heat (Holdings) Limited. Nu-Heat is a leading provider of sustainable underfloor heating solutions, air and ground source heat pumps, and other renewable heating systems. The acquisition was completed for a total consideration of £27 million, on a cash-free and debt-free basis.
Global Radiant Electric Floor Heating Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Type:
- Electronic
- Hydronic
- Others
By Application:
- Commercial
- Residential
- Others
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Radiant Electric Floor Heating Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Radiant Electric Floor Heating Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Radiant Electric Floor Heating Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Radiant Electric Floor Heating Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Radiant Electric Floor Heating Market Dynamics
- 3.1. Radiant Electric Floor Heating Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing surge in green building development
- 3.1.1.2. Growing investment in energy efficient buildings
- 3.1.1.3. Increasing Retrofit and Renovation activities
- 3.1.2. Market Challenges
- 3.1.2.1. High Installation costs
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising government support and incentives
- 3.1.3.2. Expansion of Renewable Energy Sources
Chapter 4. Global Radiant Electric Floor Heating Market: Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Radiant Electric Floor Heating Market, by Type
- 5.1. Market Snapshot
- 5.2. Global Radiant Electric Floor Heating Market by Type, Performance - Potential Analysis
- 5.3. Global Radiant Electric Floor Heating Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 5.4. Radiant Electric Floor Heating Market, Sub Segment Analysis
- 5.4.1. Electronic
- 5.4.2. Hydronic
- 5.4.3. Others
Chapter 6. Global Radiant Electric Floor Heating Market, by Application
- 6.1. Market Snapshot
- 6.2. Global Radiant Electric Floor Heating Market by Application, Performance - Potential Analysis
- 6.3. Global Radiant Electric Floor Heating Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 6.4. Radiant Electric Floor Heating Market, Sub Segment Analysis
- 6.4.1. Commercial
- 6.4.2. Residential
- 6.4.3. Others
Chapter 7. Global Radiant Electric Floor Heating Market, Regional Analysis
- 7.1. Top Leading Countries
- 7.2. Top Emerging Countries
- 7.3. Radiant Electric Floor Heating Market, Regional Market Snapshot
- 7.4. North America Radiant Electric Floor Heating Market
- 7.4.1. U.S. Radiant Electric Floor Heating Market
- 7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Radiant Electric Floor Heating Market
- 7.5. Europe Radiant Electric Floor Heating Market Snapshot
- 7.5.1. U.K. Radiant Electric Floor Heating Market
- 7.5.2. Germany Radiant Electric Floor Heating Market
- 7.5.3. France Radiant Electric Floor Heating Market
- 7.5.4. Spain Radiant Electric Floor Heating Market
- 7.5.5. Italy Radiant Electric Floor Heating Market
- 7.5.6. Rest of Europe Radiant Electric Floor Heating Market
- 7.6. Asia-Pacific Radiant Electric Floor Heating Market Snapshot
- 7.6.1. China Radiant Electric Floor Heating Market
- 7.6.2. India Radiant Electric Floor Heating Market
- 7.6.3. Japan Radiant Electric Floor Heating Market
- 7.6.4. Australia Radiant Electric Floor Heating Market
- 7.6.5. South Korea Radiant Electric Floor Heating Market
- 7.6.6. Rest of Asia Pacific Radiant Electric Floor Heating Market
- 7.7. Latin America Radiant Electric Floor Heating Market Snapshot
- 7.7.1. Brazil Radiant Electric Floor Heating Market
- 7.7.2. Mexico Radiant Electric Floor Heating Market
- 7.8. Middle East & Africa Radiant Electric Floor Heating Market
- 7.8.1. Saudi Arabia Radiant Electric Floor Heating Market
- 7.8.2. South Africa Radiant Electric Floor Heating Market
- 7.8.3. Rest of Middle East & Africa Radiant Electric Floor Heating Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Nuheat
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Recent Developments
- 8.3.2. Watts Radiant
- 8.3.3. SunTouch
- 8.3.4. Heavenly Heat
- 8.3.5. Warmup plc
- 8.3.6. Warmboard
- 8.3.7. Emerson Electric Co.
- 8.3.8. Amuheat Pty Ltd
- 8.3.9. Honeywell International Inc.
- 8.3.10. Schneider Electric SE
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption