Radiant Electric Flooring Market Growth, Trends and Forecast by 2031

MARKET OVERVIEW

A radiant floor heating system is a type of radiant heating that allows heat to pass from a moderately hot object, which in turn, regulates the indoor temperature. Since the heat source is located below, the temperature rises is uniform as warm air rises and displaces colder air. There are many types of radiant floor systems, but one of the most popular is the electrical system. Radiant electric floor heating typically uses heat-conducting plastic mats containing coils warmed by electricity. Radiant heating systems deliver radiant heat directly to the ground, floor, or to panels in the wall or ceiling of a house. It usually takes about 30 minutes to an hour to heat your floor and space. Factors such as increase in demand for space heating owing to the extreme climatic changes have influenced the growth of the market.

MARKET SCOPE

The "Global Radiant electric flooring Market Analysis to 2031" is a specialized and in-depth study of the radiant electric flooring market with a special focus on the global market trend analysis. The report aims to provide an overview of radiant electric flooring market with detailed market segmentation by type, application, and geography. The global radiant electric flooring market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading radiant electric flooring market players and offers key trends and opportunities in the radiant electric flooring market.

MARKET SEGMENTATION

• The global radiant electric flooring market is segmented on the basis of type and application.
• On the basis of type, the market is divided into electric, hydronic, others. 
• On the basis of application, it is fragmented into commercial, residential. 

MARKET DYNAMICS

Drivers 

• High demand for cost-effective and energy efficient heating solutions and a upsurge in green building development are the key growth drivers for the radiant electric floor heating market. 
• Furthermore, the rise in awareness regarding underfloor heating, favorable government regulations & tax credit facilities on the installation of energy-efficient systems, and the growing concerns toward energy saving are some of the other factors that have boosted the growth of global radiant floor heating market.

Restraints

• High up-front cost and installation cost is a leading reason that is hindering the growth of the market.c

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The radiant electric flooring market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the radiant electric flooring market in these regions.

IMPACT OF COVID-19 ON RADIANT ELECTRIC FLOORING MARKET 

The coronavirus's unfavorable global effects are already evident and it had a big impact on the radiant electric floor heating market in 2021. The World Health Organization (WHO) declared a public health emergency after the COVID-19 virus outbreak in December 2019. The disease has spread to over 100 nations and resulted in massive deaths globally. Exports & imports, global manufacturing, tourism, and financial sectors have all been heavily damaged.
The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy's already sluggish development. Many international groups have stated that the global economy is experiencing its most difficult moment since the financial crisis. Since the pandemic, the restriction of imports and exports has affected the radiant electric floor heating market to a great extent as consumers' consumption and demand patterns are changing amidst the pandemic.

MARKET PLAYERS

The report covers key developments in the radiant electric flooring market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from radiant electric flooringmarket market are anticipated to lucrative growth opportunities in the future with the rising demand for radiant electric flooring market in the global market. 
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Radiant electric flooring market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• Nuheat
• SunTouch
• Warmup
• WattsRadiant
• Warmboard
• Heavenly Heat
• Warmtech
• Honeywell International Inc.
• Myheat
• Nexans.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study. 

Radiant Electric Flooring Report Scope