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Europe Air Source Heat Pump Market Share

Report ID: GMI2854
Published Date: Aug 2022
Report Format: PDF

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Europe Air Source Heat Pump Market Share

Key participants operating in the industry are:

STIEBEL ELTRON GmbH & Co. KG
Rheem Manufacturing Company
Bosch Thermotechnology Ltd
Glen Dimplex Group
Trane
NIBE Industrier AB
Panasonic Corporation
Viessman
A. O. Smith
SAMSUNG
Vaillant Group
Daikin
Lochinvar
Carrier
Finn Geotherm UK Limited
Swegon Group AB
Mitsubishi Electric Corporation
GREE ELECTRIC APPLIANCES INC
TOSHIBA CORPORATION
LG Electronics
Lennox International

These leaders are focusing on developing advanced systems with low operational expenditure and improved performance characteristics of heating and cooling.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of Europe air source heat pump was valued at USD 15.9 billion in 2024 and is poised to grow at a CAGR of 18.6% from 2024 to 2032.

The residential segment is expected to register an 8% CAGR through 2030 driven by rapid urbanization, increased spending on domestic construction, and availability of innovative residential infrastructure.

The UK market is anticipated to grow at a 10% CAGR through 2030 driven by the surging demand for heat along with administrative support to augment the installation of heat pumps.

Trane, NIBE Industrier AB, Glen Dimplex Group, Panasonic Corporation, Viessman, A. O. Smith, SAMSUNG, TOSHIBA CORPORATION, LG Electronics, Lennox International Inc., and Rheem Manufacturing Company are some of the air source heat pump manufacturers in Europe.