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Europe Heat Pump Water Heater Market Share

Report ID: GMI6302
Published Date: Jul 2023
Report Format: PDF

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Europe Heat Pump Water Heater Market Share

Major players operating across the Europe heat pump water heater market are making strategic alliances, collaborations, and partnerships to introduce new technologies and are emphasizing on expanding their manufacturing capacities to strengthen their industry presence. Key manufacturers in the industry include

A.O. Smith Water Products Company B.V.
Daikin
STIEBEL ELTRON GmbH & Co. KG
Glen Dimplex Group
Panasonic Marketing Europe GmbH
SAMSUNG
LG Electronics
Ariston Holding N.V.
Haier A/C
Hubbell Heaters
Vaillant Group International GmbH
SmartHeat Deutschland GmbH
Mitsubishi Electric Corporation
Thermax Limited
Aermec S.p.A.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size for heat pump water heater in Europe exceeded USD 590 million in 2022 and will observe 17% CAGR from 2023 to 2032, due to the rising demand for reliable and efficient hot water solutions across various application verticals.

The residential application segment held over 79% of the market revenue share in 2022, driven by the rapidly increasing urban population along with the higher government focus on energy conservation through strict mandates.

Demand for heat pump water heaters in Germany surpassed USD 109 million in 2022 and will witness fast-paced growth through 2032, owing to the rapid development of commercial & residential infrastructure in the country.

Some of the key Europe heat pump water heater market players include A.O. Smith Water Products Company B.V., Daikin, STIEBEL ELTRON GmbH & Co. KG, Glen Dimplex Group, Panasonic Marketing Europe GmbH, SAMSUNG, LG Electronics, Ariston Holding N.V., Haier A/C, and Hubbell Heaters.