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Europe Air Source Heat Pump Market Share

Report ID: GMI2854
Published Date: Dec 2024
Report Format: PDF

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Europe Air Source Heat Pump Market Share

Europe air source heat pump industry is expanding due to the rising demand for efficient space heating and hot water solutions. This growth is propelled by increasing energy consumption and the implementation of strict energy efficiency regulations. In response, manufacturers and suppliers are redirecting their research and development investments to enhance and broaden their product lines. Additionally, industry participants are making new investments to integrate sustainable technological platforms, signifying a notable progression in the sector.

Europe Air Source Heat Pump Market Companies

Major manufacturers operating across the industry comprises of:

Aira
Bosch
Carrier
Clade
Daikin
Glen Dimplex
Global Energy
Gree
LG
Lochinvar
Mitsubishi Electric
Nibe
Panasonic
Samsung
Stiebel Eltron
Swegon
Trane
Vaillant
Viessmann
Waterkotte

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The Europe air source heat pump market was valued at USD 16.9 billion in 2024 and is projected to grow at a CAGR of 17.8% from 2025 to 2034, driven by the rapid development of sustainable building infrastructure and urbanization.

The air-to-water heat pump segment is expected to surpass USD 58 billion by 2034, fueled by rising demand for hot water, space heating, and cooling in residential and commercial buildings.

The residential air source heat pump market is anticipated to grow at a CAGR of over 17.5% through 2034, supported by increasing consumer interest in energy-efficient home heating and expanding residential infrastructure.

Germany's air source heat pump market is projected to exceed USD 17 billion by 2034, led by urbanization, expanding building infrastructure, and government incentives promoting energy-efficient technologies.

Key players in the market include Aira, Bosch, Carrier, Clade, Daikin, Glen Dimplex, Global Energy, Gree, LG, Lochinvar, Mitsubishi Electric, Nibe, Panasonic, Samsung, Stiebel Eltron, Swegon, Trane, Vaillant, Viessmann, and Waterkotte.