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Europe Air Source Heat Pump Compressors Market Size
- Report ID: GMI10775
- Published Date: Aug 2024
- Report Format: PDF
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Europe Air Source Heat Pump Compressors Market Size in 2023: | USD 4.3 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 19.5% |
| 2032 Value Projection: | USD 22.2 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 65 |
| Tables, Charts & Figures: | 12 |
| Segments covered: | Type and Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Europe Air Source Heat Pump Compressors Market Scope
