A new report has forecast that the electric underfloor heating market in the UK will grow by 7% over the next few years.
The research by Global Market Insights reports that the growth in underfloor heating sales is fuelled by measures to reduce Britain’s energy consumption. In 2015, the government announced a target of reducing energy consumption in new buildings by 25%. The UK also has a goal to be carbon-neutral by 2050.
Older residential buildings rely on individual homeowners to install electric underfloor heating without government subsidies. Although there is economic uncertainty over Britain leaving the European Union, the report points out that UK household disposable income has risen over the last few years so that more households can afford underfloor heating.
The initial cost of installing electric underfloor heating may be high, but the savings from less energy consumption can offset these installation costs. Underfloor heating does not have to rely on fossil fuel as they can be powered by wind or solar power. Not all installations need professional fitters, and people with good DIY skills are capable of saving money by installing underfloor heating.
Worldwide, the report says the adoption of underfloor heating could save electricity consumption equal to 10,054 GWh a year and reduce carbon emissions by 7.611 million every year.
The manufacturers of electric underfloor heating are expected to develop more efficient systems. Global Market Insights predicts that the underfloor heating market will be worth $3.5bn by the year 2024.