Europe Commercial Air to Water Heat Pump Market Analysis

Europe Commercial Air to Water Heat Pump Market Analysis

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Education application is projected to surpass USD 2.5 billion by 2032, owing to the introduction of stern building energy codes, establishment of new infrastructures, and flexible heating & cooling operations, among other parameters. Moreover, the growing deployment of advanced heat pump systems across various commercial application areas to complement the rapid growth with increasing investments in the construction sector. In addition, the shifting consumer preferability to integrate low emission systems supported by the governmental incentive plans will further escalate the air to water heat pump industry growth.
 

Germany commercial air to water heat pump market is poised to hit USD 7 billion by 2032, on account of the growing concerns to reduce the dependency on fossil fuels to power heating & cooling systems. The administrative bodies have launched their plans to mitigate the utilization of non-renewable fuel source across different verticals to mitigate the fossil fuel dependency & integrate renewable alternatives with reduced carbon footprint. The Germany heat pump market growth is complemented by the increasing adoption of heat pump systems across different applications along with the continuous research & development activities to expand the application potential and operational performance of prevailing HP systems.
 

The UK commercial air to water heat pump industry is set to observe a significant expansion owing to the encouraging administrative policies coupled with the introduction of various government projects to boost the ATW heat pump deployment potential. For instance, in September 2021, the government of UK established a new Green Heat Network Fund worth about GBP 270 million or USD 349 million in England to back the adoption of clean energy technologies including solar, heat pumps, and geothermal energy across the next generation heating networks. The new scheme is aimed at fostering the heat pump demand, decrease consumer costs, and boost transition towards low-carbon heating solutions over the next 15 years.