Europe Air Source Heat Pump Market Analysis

Europe Air Source Heat Pump Market Analysis

The air to water heat pump segment is poised to witness a substantial rise in product demand. This is attributed its integration capability with hydronic underfloor heating systems and radiators to control temperatures by circulating the heat between the outdoor and indoor units.
 

European countries like France and Switzerland are increasingly adopting air to water heat pumps owing to the high demand for hot water across the commercial and residential infrastructure.
 

The commercial segment in the Europe air source heat pump market is anticipated to grow at a respectable rate during the forecast period, credited to the introduction of new initiatives and stringent emissions reduction norms. Rising implementation of supportive regulations to reinforce efficiency and improve heat and energy demand across commercial applications including educational institutions, offices, and healthcare among others will transform the industry outlook.
 

Germany air source heat pump market revenue is expected to reach USD 1.6 billion by 2030. The region focuses on implementing a stricter policy framework, new heat pump initiatives, and profitable national objectives that complement the industry growth.
 

For instance, Germany recently introduced the Energy Efficiency Work Plan under which it aims to install more than 500,000 heat pump units every year until 2024 and over 800,000 units per year after establishing the heat pump mandate. In addition, the country plans to discontinue subsidies for gas heating projects and constructions that do not comply with the new Efficiency House 40 standard. Such a stringent regulatory framework will boost product adoption in the region.