Europe’s Air-Cooled Heat Pump Industry Is Projected To Grow To $29.69 Billion By 2032

PRESS RELEASE
Published April 21, 2023

The European air source heat pump market is valued at USD 14.01 billion in 2022 and is projected to grow at a CAGR of 7.8% during the forecast period. In 2032, the European market for air-sourced heat pumps is expected to be worth US$ 29.69 billion. Reduced operating costs, improved maintenance, and safety make air source heat pumps beneficial to end users. A pump installed outside the house provides heating and cooling of the interior space in the opposite climate. The pump efficiently heats water in temperate climates.

Air source heat pumps benefit end users with low maintenance, high safety and low operating costs. Pumps mounted on the outside of the house provide heating and cooling of the interior spaces in different climates. In temperate climates, the pump heats the water efficiently.

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Market participants: –

  • Vaillant Group
  • Swegon Group AB, Train
  • NIBE Industrier AB, Viessmann
  • A.O. Smith
  • Daikin Industry Co., Ltd.
  • vector
  • Bosch Termotecnica SpA
  • rim manufacturer
  • Finn Geotherm UK Limited
  • STIEBEL ELTRON GmbH & Co.
  • LG
  • Hitachi Co.
  • Samsung industry

Investigators used a variety of large-scale, practical business knowledge devices to combine facts, figures, and market information in income assessments and market projections.

Key market partners, including industry players, policymakers, and financiers in many countries, have continually recalibrated governance systems and methods to take advantage of the newly opened doors. Many have recently updated their procedures to stay coordinated during the general unrest caused by the COVID-19 pandemic.

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major segments

  • By product:
    • air to air
    • air in water
  • application:
    • mansion
      • single family unit, single family unit
      • multi-family
      • Residential, by product
        • Heat pump for domestic hot water
        • ambient heat pump
    • presentation
      • education
      • health care
      • Sleeve
      • Logistics and Transportation
      • kitchen
      • hospitality
      • etc.
    • By country:
      • germany
      • Italy
      • france
      • Spain
      • uk
      • russia
      • Benelux
      • rest of europe

What do you get from Fact.MR research?

  • Factors influencing the overall development of the global air source heat pump market in Europe
  • Factors likely to restrain the growth of the global market in the coming years of the forecast period.
  • What are the current competitive scenarios of the global air heat pump market in Europe and intricate details pertaining to the potential business prospects of the key market players?
  • Pricing strategies of various market participants in the global air source heat pump market in Europe

Regional analysis includes:

  • North America (USA, Canada)
  • Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of Latin America)
  • EU – (Germany, France, Italy, Spain), UK, Benelux (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Republic, etc.), Rest of Europe
  • CIS and Russia
  • japan
  • Asia Pacific excluding Japan (China, India, Korea, ASEAN countries, other EPAJ)

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competitive landscape

The air source heat pump market in Europe has giants operating to provide the best heating and cooling solutions to end users. The goal of these key players is to improve overall efficiency while experimenting with the materials used. To further strengthen their position in the market, market players are implementing various strategies including mergers and acquisitions, partnerships, innovations, and product launches such as product launches.

The European air source heat pump market is highly fragmented, with most players belonging to one region or region. Market participants are focusing on leading-edge product launches and geographic expansion.

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