According to a report by market researcher Industry Radar published this week, manufacturer revenues increased by 4.3 percent from 2021 to 2022 to EUR 89.9 million. In 2020, total sales amounted to 76.4 million euros, in 2019 it was 74.2 million euros.
According to industry radar, which bases its evaluations on market estimates, higher sales prices and rising installation rates in new residential construction contributed to the growth in the previous year. Underfloor heating is now installed as the main heating system in 96 percent of all newly built single and two-family houses and in 35 percent of all apartments in multi-family houses. Just ten years ago, according to the industry radar, the shares were 78 and 16 percent respectively.
Dry systems are also enjoying increasing popularity. In a year-on-year comparison, revenues rose by around 19 percent, although fewer construction projects were realized in the building stock in 2022 than in the previous year. Nevertheless, wet systems continue to dominate in underfloor heating, with a sales share of 88 percent. Dry systems achieve a share of eight percent, electric panel heating systems just under five percent. Wall surface heating remains a niche with revenues of 2.8 million euros (three percent share).