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Europe Heat Pump Market Share

Report ID: GMI4839
Published Date: Jun 2023
Report Format: PDF

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Europe Heat Pump Market Share

Key manufacturers operating in the Europe heat pump market consist of

Trane
Viessmann
Bosch Thermotechnology Ltd.
Panasonic Corporation
STIEBEL ELTRON GmbH & Co. KG
Gree Electric Appliances, Inc.
SAMSUNG
NIBE Industrier AB
Mitsubishi Electric Corporation
DAIKIN INDUSTRIES, Ltd.
LG Electronics
Finn Geotherm UK Limited
A. O. Smith
Carrier
Lochinvar
Swegon Group AB
TOSHIBA
Glen Dimplex Group
Kensa Heat Pumps
WOLF GmbH
Vaillant Group

Major companies operating across the Europe heat pump industry are focusing on building strategic collaborations and partnerships to introduce new technologies coupled with accelerating investments and manufacturing capacities to strengthen their industry presence over the others.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size for heat pump in Europe was surpassed USD 17.1 billion in 2023 and is estimated to exhibit 18% CAGR between 2024 and 2032, owing to the rapid consumer inclination toward efficient apace heating technologies and consistent development of residential and commercial infrastructure.

Europe air source heat pump industry is primed to grow substantially over 2023-2032, attributed to the rapid shift toward reliable, user-friendly, and efficient space heating systems.

The residential heat pump market across Europe is anticipated to expand at over 18% CAGR through 2032, owing to rapid urbanization and stringent government mandates for energy conservation.

Prominent firms in this industry include Trane, Viessmann, Bosch Thermotechnology Ltd., Panasonic Corporation, STIEBEL ELTRON GmbH & Co. KG, Gree Electric Appliances, Inc., SAMSUNG, NIBE Industrier AB, Mitsubishi Electric Corporation, DAIKIN INDUSTRIES, Ltd., LG Electronics, Finn Geotherm UK Limited, and A. O. Smith.