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Europe Air Source Heat Pump Industry Is Expected To Surpass US$ 29.69 Bn By 2032

 The market for air source heat pumps in Europe is projected to reach a value of US$14.01 billion by 2022, growing at a CAGR of 7.8%. The air source heat pump market in Europe is projected to be valued US$29.69 billion in 2032.

The changing temperature of the continent is the cause of the increased need for air source heat pumps in Europe. Europe has four distinct climate zones: polar, humid continental, dry climates, and temperature climates. The market for air source heat pumps in Europe is therefore driven by the necessity for products that enable individuals to alter the interior environment of their homes.

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The longer lifespan of air source heat pumps, which increases sustainability and saves money, is another element driving up demand for them. This superior alternative to heaters and air conditioners has an average lifespan of 14 to 15 years. People who live in areas with extreme weather frequently choose this equipment because of its longer shelf life.

Because air source heat pumps efficiently transform energy into heat, in addition to its economical and technological advantages, the device also helps to lower carbon emissions. It is advantageous for the end users since the heating process can be reversed to provide cooling throughout the summer.

Key Companies Profiled

  • Vaillant Group
  • Swegon Group AB, Trane
  • NIBE Industrier AB, Viessmann
  • A.O. Smith
  • DAIKIN INDUSTRIES, Ltd.
  • Carrier
  • Bosch Thermotechnology Ltd
  • Rheem Manufacturing Company
  • Finn Geotherm UK Limited
  • STIEBEL ELTRON GmbH & Co.
  • LG
  • Hitachi Co.
  • Samsung Industries

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Why is Commercial Segment a Popular Segment in Europe’s air source heat pump Market?

The commercial sector is the most popular application type for air source heat pumps in Europe because to its inclusivity. The use of commercial heat pumps is expanding throughout the European region, from educational facilities to healthcare, retail, hotel, and office sectors.

In order to safeguard patients from any illnesses brought on by winter waves, the lengthier winters necessitate a continuous supply of hot water and air in the hospital system. Every year, waves of travellers arrive in Europe, which is well-known for its tourist destinations.

Most of these visitors can’t stand the bitterly cold streams and need hot air and water pumps to warm themselves. As a result, the hospitality industry accounts for a bigger share of the European market for air-source heat pumps.

Key Segments

  • By Product :
    • Air to Air
    • Air to Water
  • By Application :
    • Residential
      • Single Family
      • Multi Family
      • Residential, By Product
        • Domestic Hot Water Heat Pump
        • Room Heat Pump
    • Commercial
      • Education
      • Healthcare
      • Retail
      • Logistics & Transportation
      • Offices
      • Hospitality
      • Others
    • By Country :
      • Germany
      • Italy
      • France
      • Spain
      • U.K.
      • Russia
      • BENELUX
      • Rest of Europe

After reading the report on Global Europe Air Source Heat Pump Market, readers get insight into: 

  • The prevailing challenges, restraints, opportunities, and drivers of the market
  • The competitive landscape with profiles of leading market players
  • New as well as promising avenues for revenue generation in key regions of the market
  • Emerging revenue streams for all the players in the developing regions
  • Influence of Covid-19 in the market and how the pandemic is going to shape the contours of the market in the forthcoming years
  • Technologies and business models with disruptive potential 
  • Role of regulatory bodies in boosting new growth opportunities of the market across different parts of the world
  • How new market developments are likely to influence the market at large in the near future 

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