Europe Heat Pump Coils Market Analysis

Europe Heat Pump Coils Market Analysis

The air source heat pump market is projected to cross USD 5.2 billion by 2032 and will gain momentum owing to the increasing adoption of these units in various establishments is driven by their temperature control features, zonal heating capabilities, and the growing emphasis on product aesthetics. Moreover, changing climatic conditions, shifting consumers preference for reliable and efficient heating & cooling systems and a positive outlook towards enhanced indoor comfort will further bolster the industry landscape.
 

France heat pump coils market is set to surpass USD 0.6 billion by 2032, driven by the development of residential and commercial infrastructure, favorable economic conditions, and stringent regulations promoting energy efficiency, that accelerated the heat pump deployment. Government support, demonstrated through the implementation of supportive policies and financial incentives such as grants, subsidies, and tax benefits, has also played a significant role in driving the adoption of heat pump technologies. For instance, in September 2023, the French Government announced plans to accelerate green energy adoption, focusing on heat pumps and electricity price control. The government aims to triple domestic heat pump production by 2027, as an alternative to gas boilers, and renovate social housing for climate neutrality.