North America Electric Radiant Floor Heating Market Insights Forecasts to 2033

• The North America Electric Radiant Floor Heating Market Size was valued at USD 2.10 Billion in 2023
• The Market Size is Growing at a CAGR of 5.24% from 2023 to 2033.
• The North America Electric Radiant Floor Heating Market Size is Expected to Reach USD 3.5 Billion by 2033.

The North America Electric Radiant Floor Heating Market size is expected to reach USD 3.5 Billion by 2033, at a CAGR of 5.24% during the forecast period 2023 to 2033. 

Market Overview

Radiant heating systems provide heat to a room via a network of pipes or wires that run beneath the surface flooring, gently radiating heat upward. In addition, radiant floor systems are available in a variety of styles, but one of the most popular is the electric radiant floor heating system, which runs wire loops or a mesh of individual wires beneath the floor's surface. Furthermore, it generates warmth by utilizing the natural resistance that occurs as electricity flows through the metal wires. Also, electric radiant floor heating is a low-cost and energy-efficient way to heat many of a home's most frequently used rooms. Electric floor heating systems are typically installed in kitchens, bathrooms, and bedrooms, but they can also be used to provide additional warmth in rooms such as the basement that are difficult to heat with traditional air heating systems. Moreover, electric floor heating is simple to install, and there are options for every floor type, including vinyl, nailed hardwood, tile, and floating laminate, to name a few. When dealing with radiant floor heating, choosing the right flooring materials is critical.

Report Coverage

This research report categorizes the market for the North America electric radiant floor heating market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America electric radiant floor heating market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the North America electric radiant floor heating market.                 

Driving Factors

The electric radiant floor heating systems are less expensive than hydronic units and can be easily integrated into both new and old building infrastructures, increasing the acceptance of electric radiant floor heating technology. Electric radiant floor heating provides efficient space heating solutions for small household applications such as bathrooms, kitchens, and more. Significant reductions in installation time and upfront costs, combined with the development of easy-to-use heating mats, are driving the growth of electric radiant floor heating, particularly in the residential sector. Moreover, the ongoing collaboration between the government and private sector to effectively deal with extreme winters in various regions, electric underfloor heating technology is expected to see increased demand from residential buildings. Furthermore, ongoing efforts to promote the rollouts of enhanced and efficient space heating technology across smart cities, combined with the increasing number of green building projects, will drive North America electric radiant floor heating market growth during forecast period.

Restraining Factors

Electric radiant floor heating systems completely function on electric power, making it expensive for regions suffering through extreme cold waves. Moreover, commercial spaces that require electric radiant floor heating system to function for a longer period of time, the running costs have the potential to derail the progress of electric radiant floor heating. Other key factors hampering the growth of North America electric radiant floor heating market are the floor height issue and the installation time taken for the same.

Market Segment

• In 2023, the hydronic segment accounted for the largest revenue share over the forecast period.

Based on type, the North America electric radiant floor heating market is segmented into electric and hydronic. Among these, the hydronic segment has the largest revenue share over the forecast period. Hydronic systems are known for being energy efficient. They use water as a heat transfer medium, which effectively retains and distributes heat, potentially saving energy. Furthermore, hydronic radiant floor heating distributes heat evenly and consistently throughout a space. This increases comfort because there are no hot or cold spots, which are common with other heating systems.

• In 2023, the electric system components segment is witnessing significant growth over the forecast period.

Based on component, the North America electric radiant floor heating market is segmented into electric system components and hydronic system components. Among these, the electric system components segment is witnessing significant growth over the forecast period, owing to precise temperature control, quick response times, and can be retrofitted into existing buildings. Electric radiant floor heating systems are especially popular in residential settings, such as homes and apartments, where simplicity and flexibility are essential.

• In 2023, the retrofit installations segment accounted for the largest revenue share over the forecast period.

Based on installation type, the North America electric radiant floor heating market is segmented into new installations and retrofit Installations. Among these, the retrofit installations segment has the largest revenue share over the forecast period. Owing to they allow existing buildings to be upgraded with radiant floor heating systems without requiring major construction or alterations. This makes it a popular choice for homeowners and building owners looking to improve comfort and energy efficiency without undergoing extensive renovations.

• In 2023, the hardware segment accounted for the largest revenue share over the forecast period.

Based on offering, the North America electric radiant floor heating market is segmented into hardware and services. Among these, the hardware segment has the largest revenue share over the forecast period. Owing to its required to physically install electric radiant floor heating systems. Furthermore, customers require dependable and high-quality components to ensure the proper operation of their heating systems. The availability and performance of hardware components have a significant impact on customer experience and satisfaction.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the North American electric radiant floor heating market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Suntouch
• Nuheat
• Schluter
• Latticrete
• Mapei
• Ardex
• Warmly Yours
• Easyheat
• WarmUp
• Thermosoft
• Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the North American electric radiant floor heating market based on the below-mentioned segments: 

North America Electric Radiant Floor Heating Market, By Type

• Electric
• Hydronic

North America Electric Radiant Floor Heating Market, By Component

• Electric System Components
• Hydronic System Components

North America Electric Radiant Floor Heating Market, By Offering

• Hardware
• Services

North America Electric Radiant Floor Heating Market, By Installation Type

• New Installations
• Retrofit Installations

North America Electric Radiant Floor Heating Market, By Region

• US

• Canada
• Mexico
• Rest of North America