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Europe Industrial Heat Pump Market Share

  • Report ID: GMI5025
  • Published Date: Mar 2023
  • Report Format: PDF
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Europe Industrial Heat Pump Market Share

Some of the prominent companies operating in the industrial heat pump market in Europe are MAN Energy Solutions,

  • Atlas Copco AB
  • Siemens Energy
  • Trane Technologies International Limited
  • Thermax Limited
  • Daikin Applied Europe S.p.A.
  • Mitsubishi Electric Corporation
  • Hybrid Energy AS, and Danfoss.

These firms are taking efforts to upgrade current technology, expand capacity, and develop & offer new products to boost their profitability to increase their market share. To cite an instance, in October 2022, Daikin expanded its industrial site in Güglingen, Germany, to produce heat pumps. The integration and redevelopment of buildings into the existing production site was anticipated to allow the company's operations in the country to manufacture more than three times its current output by 2025.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of industrial heat pump in Europe crossed USD 460 million in 2023 and is set to record significant growth at over 5.7% CAGR through 2032, attributed to the rising adoption of renewable energy solutions across industries.

The district heating segment is estimated to foresee around 13% gains through 2032 driven by favorable government initiatives and strict regulations to introduce cleaner and more energy-efficient HVAC technologies.

The Finland market size exceeded USD 47 million in revenue in 2022, driven by incentives for oil boiler replacement for heating system upgrades.

MAN Energy Solutions, Atlas Copco AB, Siemens Energy, Trane Technologies International Limited, Thermax Limited, Daikin Applied Europe S.p.A., Mitsubishi Electric Corporation, Hybrid Energy AS, and Danfoss are some of the leading companies engaged in the industry.

Europe Industrial Heat Pump Market Scope

  • Europe Industrial Heat Pump Market Size
  • Europe Industrial Heat Pump Market Analysis
  • Europe Industrial Heat Pump Market Share

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    • Base Year: 2023
    • Companies covered: 16
    • Tables & Figures: 567
    • Countries covered: 9
    • Pages: 460
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