Europe Air Source Heat Pump Market Trends

Europe Air Source Heat Pump Market Trends

The implementation of a supportive legislative framework along with the provision of financial benefit programs such as rebates, tax benefits, and subsidies will further bolster the Europe air source heat pump market landscape.
 

Different regional and national regulators have introduced favorable policies and norms to encourage consumers to install advanced technology alternatives. Over the last decade, heat pump adoption in Europe has increased, given the importance of ambient heat as a renewable heat source. According to the European Heat Pump Association, the sales of heat pumps jumped by 34% with close to 2.18 million units sold across 21 European countries. Such high sales numbers of heat pumps could foster industry expansion in the forthcoming years.