Europe Air Source Heat Pump Compressors Market Size - By Type (Reciprocating, Scroll, Rotary, Screw, Centrifugal) & Forecast, 2024 - 2032

Europe Air Source Heat Pump Compressors Market Size

Europe Air Source Heat Pump Compressors Market size was valued at USD 4.3 billion in 2023 and is set to grow at CAGR of 19.5% between 2024 and 2032. Growing demand for energy efficient heating, cooling and hot water solutions across residential and commercial establishments along with increasing adoption of energy-efficient HVAC systems have positively influenced the industry growth.
 

Favorable schemes including financial rebates, tax benefits and subsidies for heat pump adoption along with focus to curb emissions will accelerate the product deployment. For instance, in May 2023, The Danish Energy Agency (Energistyrelsen) announced to offer subsidies for residential heat pump installations. Citizens can receive Grants of USD 2,500 (DKK 17,000) for energy-saving air-to-water heat pumps, regardless of home size.
 

Europe Air Source Heat Pump Compressors Market Trends

Europe air source heat pump compressors industry is anticipated to grow on account of the growing inclination toward limiting emissions and increasing adoption of energy efficient heating and cooling systems. Ongoing technological advancements coupled with R&D initiatives in heat pump units with components featuring advance operational abilities will augment the business landscape. For instance, in January 2024, Johnson Controls introduced two air-source heat pumps, YMAE and YCPB, to its YORK portfolio.
 

The YMAE features an inverter scroll compressor, while the YCPB is optimized for low ambient heating with vapour and liquid injection large scroll compressors. Moreover, implementation of stringent standards and mandates toward building energy efficiency along with shifting focus toward replacement of prevailing heating systems will complement the industry landscape.
 

Europe Air Source Heat Pump Compressors Market Analysis

Scroll segment is anticipated to grow over USD 11 billion by 2032 and is set to observe significant momentum on account of growing demand for energy-efficient air source heat pump systems heating & cooling solutions driven by increasing adoption of these units across residential and commercial establishments. Favorable government regulations, coupled with introduction of beneficial grants and incentives encouraging the utilization of energy-efficient technologies will accelerate the scroll heat pump compressors adoption.
 

Reciprocating heat pump compressors across air source heat pump systems is anticipated to witness substantial growth owing to surging demand for heating and cooling systems, together with growing adoption of technologically advanced heat pump systems. Ongoing integration of smart technologies across heat pump units, which not only optimize efficiency and enhance control but also provide versatile operations, easy installation process, and cost-effectiveness, thereby further propelling the product deployment.
 

Germany air source heat pump compressors market is expected to cross USD 7 billion by 2032. Variations in climatic conditions across various geographies, along with increasing demand for efficient space heating & cooling solutions has positively influenced the industry landscape. Government support, including grants, subsidies, and tax benefits, has played a pivotal role in accelerating their adoption.
 

For instance, from January 2024, the government introduced revised funding options through the German Heat Pump Association (BWP). Property owners can now receive up to EUR 21,000 in subsidies for installing heat pumps, with increased grants available for low-income families. Moreover, rapid urbanization and increased residential and commercial building penetration are driving heat pump deployment, further shaping the business dynamics.
 

Europe Air Source Heat Pump Compressors Market Share

Key companies operating in the Europe air source heat pump compressors industry are consolidating their market presence through strategic collaborations, partnerships, and mergers & acquisitions, as they actively seek to enhance their competitive position. Danfoss, Carrier, DAIKIN, BITZER, LG Electronics and CAREL collectively holds the significant market share.
 

Europe Air Source Heat Pump Compressors Market Companies

Key industry players operating across industry include:

• BITZER Group
• Carrier
• CAREL INDUSTRIES S.p.A.
• Copeland LP
• Danfoss
• Daikin
• Embraco LLC
• Guangzhou SPRSUN New Energy Technology Development Co., Ltd.
• GREE ELECTRIC APPLIANCES, INC
• JOHNSON CONTROLS - HITACHI AIR CONDITIONING COMPANY
• LG Electronics
• Midea Group
• Mitsubishi Electric Corporation
• Panasonic
• Tecumseh Products Company LLC
   

Europe Air Source Heat Pump Compressors Industry News

• In July 2024, Daikin Applied unveiled the integration of air-source heat pumps into its acclaimed Rebel Applied and Rebel packaged rooftop systems. These electricity-driven heat pumps utilize the low-GWP R-32 refrigerant and boast ultra-efficient inverter compressors. This combination empowers building owners to enhance comfort, reduce costs, and move towards decarbonization. Designed with features that boost performance in colder climates, the new units also streamline installation processes, catering to both new constructions and retrofits. With utilizing inverter compressors and distinctive operating range of R-32, both units are proficient even in lower ambient temperatures.
   
• In February 2024, Viessmann Climate Solutions UK introduced its latest air source heat pump, for residential establishments and small to mid-scale commercial and public sector uses. The newly introduced compact Vitocal 200-A Pro comes in 32, 64 and 128 kW outputs, with the capability to be cascaded up to 1024 kW, catering to diverse applications. Featuring scroll compressors and advanced vapour injection technology, these units achieve a flow temperature of 65°C even at -7°C. This capability is particularly beneficial for modernization projects that necessitate seamless integration with pre-existing systems.
   

The Europe air source heat pump compressors market research report includes in-depth coverage of the industry with estimates & forecast in terms of “’000 Units” and “USD Million” from 2021 to 2032 for the following segments:

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Market, By Type

• Reciprocating
• Scroll
• Rotary
• Screw
• Centrifugal

The above information has been provided for the following countries:

• Austria
• Norway
• Denmark
• Finland
• France
• Germany
• Italy
• Switzerland
• Spain
• Sweden
• UK
• Netherlands