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