Home > Pressrelease > Europe Air to Water Heat Pump Market size to exceed $3bn by 2026

Europe Air to Water Heat Pump Market size to exceed $3bn by 2026

  • Published Date: September 4, 2020

Europe air to water heat pump market size is expected to surpass USD 3 Billion by 2026, as reported in the latest study by Global Market Insights Inc.

Europe air to water heat pump industry will witness a significant growth on account of growing residential, commercial and industrial establishments with need for sustainable space heating systems. Limited maintenance requirements, lower operating costs, minimal emissions, and a longer lifespan are some of the prominent features further stimulating the market demand. Moreover, favorable regulatory mandates including fiscal support schemes and financial aids to encourage the replacement of traditional fossil fuel systems will escalate the market growth. However, the market growth in 2020 is negatively impacted by the ongoing COVID-19 pandemic and governmental lockdown protocols.

Efforts toward minimizing carbon footprint will propel the product adoption across commercial sector

Growing regulatory efforts to curb the carbon emissions from commercial infrastructure will positively impact the Europe air to water heat pump market trends. Several governments have devised reforms and supportive schemes for businesses to replace their traditional space and water heating systems with more sustainable air to water heat pumps. In addition, the air to water heat pumps are able to generate huge amount of heat by consuming less electrical energy, which in turn will propel the market statistics. Growing number of commercial buildings including offices, educational buildings & institutes, hospitals and others will generate a significant demand for energy efficient heating systems, thus stimulating Europe air to water heat pump industry outlook.

Browse key industry insights spread across 320 pages with 437 market data tables & 37 figures & charts from the report, “Europe Air To Water Heat Pump Market Statistics By Application (Residential {Single-family Houses, Multi-family Houses}, {Domestic Hot Water Heat Pump, Room Heat Pump}, Commercial {Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality, Others}, Industrial), Industry Analysis Report, Country Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026in detail along with the table of contents:

Growing infrastructural investments and stringent emission norms will drive the industry growth of air to water heat pumps across the UK

Growing carbon emission along with climatic changes across the country has compelled the regulatory authorities to implement strict emission norms across the commercial and industrial sectors. For instance, the Government of UK has launched Clean Growth Strategy in 2018, which set policies for cleaner growth and introduced proposals to improve energy efficiency of industries. Moreover, the increasing investment for the development of commercial and industrial infrastructure across the country will boost the market demand for effective space and water heating systems including air to water heat pumps. The growing concerns toward enhancing the energy efficiency of commercial establishments will further propel the Europe air to water heat pump market share.

Key market players operating in the Europe air to water heat pump market include Daikin, Viessmann, Vaillant Group, Mitsubishi Electric Corporation, Toshiba Corporation, Danfoss, Stiebel Eltron amongst others. The eminent players are significantly investing in research & development activities to offer new features to the end users and enhance their market share. Moreover, the companies are involved in strategic acquisition and mergers activities in the Europe air to water heat pump industry to further strengthen their presence in the market.

Authors: Ankit Gupta, Nikhil Paranjape