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Europe Air Source Heat Pump Compressors Market Trends

Report ID: GMI10775
Published Date: Aug 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The market size for air source heat pump compressors in Europe reached USD 4.3 billion in 2023 and is set to grow at 19.5% CAGR during 2024 to 2032, led by growing demand for energy efficient heating.

The scroll segment is anticipated to exceed USD 11 billion by 2032, on account of growing demand for energy-efficient air source heat pump systems heating & cooling solutions.

Germany market is anticipated to surpass USD 7 billion by 2032, driven by variations in climatic conditions across various geographies.

BITZER Group, Carrier, CAREL INDUSTRIES S.p.A., Copeland LP, Danfoss, Daikin, Embraco LLC, Guangzhou SPRSUN New Energy Technology Development Co., Ltd. among others.