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Global Radiant Electric Floor Heating Market to reach USD XX billion by the end of 2030

Global Radiant Electric Floor Heating Market Size study & Forecast, by Type (Electric, Hydronic, Others), by Application (Commercial, Residential, Others) and Regional Analysis, 2023-2030

Product Code: ECE-59104346
Publish Date: 10-08-2023
Page: 200

Global Radiant Electric Floor Heating Market is valued approximately at USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. 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:
Watts Radiant
Heavenly Heat
Warmup plc
Emerson Electric Co.
Amuheat Pty Ltd
Honeywell International Inc.
Schneider Electric SE

Recent Developments in the Market:
Ø 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.
Ø 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:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü 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:

By Application:

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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 Increasing surge in green building development Growing investment in energy efficient buildings Increasing Retrofit and Renovation activities
3.1.2. Market Challenges High Installation costs
3.1.3. Market Opportunities Rising government support and incentives 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 Type breakdown estimates & forecasts, 2020-2030 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 Key Information Overview Financial (Subject to Data Availability) Product Summary 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

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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