Home > Industrial Machinery > HVAC > Heat Pumps > Europe Commercial Air to Water Heat Pump Market
Europe Commercial Air to Water Heat Pump Market was valued at USD 2.8 billion in 2023 and is projected to attain a CAGR of 21.4% between 2024 and 2032. The growing inclination towards integration of advanced energy systems with less carbon footprint to stimulate the industry growth.
Moreover, continuous efforts by key regional administrations to increase the renewable energy share in the heating & cooling operations to unveil new opportunities for the industry landscape. For instance, in March 2024, European Environment Agency (EEA) reported that the renewable energy sources attributed about 23% out of total energy consumption in 2022 across the EU, increasing from about 21.9% in 2021.
Report Attribute | Details |
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Base Year: | 2023 |
Europe Commercial Air to Water Heat Pump Market Size in 2023: | USD 2.8 Billion |
Forecast Period: | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR: | 21.4% |
2032 Value Projection: | USD 16.3 Billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 95 |
Tables, Charts & Figures: | 12 |
Segments covered: | Application and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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