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Europe Air to Water Heat Pump Market Share

Report ID: GMI4808
Published Date: May 2023
Report Format: PDF

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Europe Air to Water Heat Pump Market Share

Key manufacturers in the Europe air to water heat pump market include:

Carrier
Daikin
NIBE Industrier AB
Trane Technologies International Limited
LG Electronics
A.O. Smith
Vaillant Group
TOSHIBA
Panasonic Marketing Europe GmbH
FUJITSU GENERAL
Glen Dimplex
WOLF
Systemair AB
STIEBEL ELTRON GmbH & Co. KG
SAMSUNG
Aermec S.p.A.

Key industry participants functioning in the business landscape is focusing on initiating new strategic alliances & partnerships along with focus on investments and manufacturing capacities to fortify their market presence. Moreover, in March 2023, Bosch Thermotechnology Corp. commenced its oldest manufacturing facility that manufactures hot water storage tanks for various products, located in Eibelshausen. The company has initiated heat pump manufacturing in this facility which further expanded the existing production network in Sweden, Aveiro, Tranås and Portugal. The company also declared that it would invest a total of more than USD 740 million in heat pump business by the year 2025.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of air to water heat pump in Europe crossed a valuation of USD 12.2 billion in 2023 and will expand at 19.1% CAGR during 2024 to 2032 backed by the growing demand for efficient space heating technologies and the flourishing development across buildings infrastructure.

The industry size will witness high demand in commercial applications due to changing climatic conditions and the introduction of stern building energy performance standards by regulatory authorities.

Germany air to water heat pump industry reached USD 900 million in 2022 and will observe substantial growth through 2032 owing to the developing commercial & residential infrastructure along with robust economic conditions across the nation.

Carrier, Daikin, NIBE Industrier AB, Trane Technologies International Limited, Glen Dimplex, LG Electronics, A.O. Smith, Vaillant Group, TOSHIBA, FUJITSU GENERAL, WOLF, Systemair AB, SAMSUNG and Aermec S.p.A.