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Europe Air Source Heat Pump Market Trends

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

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Europe Air Source Heat Pump Market Trends

Europe air source heat pump industry is experiencing significant growth owing to rising demand for efficient space heating, cooling and hot water solution along with supportive legislative frameworks and financial incentive programs encouraging the adoption of energy efficient systems. Stringent energy efficiency mandates toward enhancing the performance of building infrastructure and focus to reduce carbon emission will positively influence the business dynamics.

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.