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Europe Heat Pump Coils Market Size

Report ID: GMI8965
Published Date: Apr 2024
Report Format: PDF

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Europe Heat Pump Coils Market Size

Europe Heat Pump Coils Market was valued at USD 1.1 billion in 2023 and the industry is set to grow at CAGR of 18.9% by 2032. Rising demand for energy efficient technologies, adoption of sustainable systems, along with rising investments in modern building construction, will positively impact the business landscape.

Europe Heat Pump Coils Market

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Favorable government regulations, along with the introduction of grants and incentives aimed at promoting the use of energy-efficient technologies, will expedite the adoption of these products. For instance, In January 2023, the German government updated its incentive program to encourage the adoption of heat pumps employing natural refrigerants, offering base subsidy of 25%, potential to cover up to 40% of the costs related to installation of heat pumps.

Europe Heat Pump Coils Market Report Attributes
Report Attribute	Details
Base Year:	2023
Europe Heat Pump Coils Market Size in 2023:	USD 1.1 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	18.9%
2032 Value Projection:	USD 5.7 Billion
Historical Data for:	2019 to 2023
No. of Pages:	140
Tables, Charts & Figures:	160
Segments covered:	Heat Pump Type and Country
Growth Drivers:	Rising demand for reliable space heating & cooling systems Favorable regulatory landscape and supportive financial policies Growing adoption of low emission heat pump systems
Pitfalls & Challenges:	Availability of various heat pumps alternatives

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Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

Europe heat pump coils industry size recorded USD 1.1 billion in 2023 and is expected to register 18.9% CAGR from 2024 to 2032, due to the rising demand for energy efficient technologies, adoption of sustainable systems, and rising investments in modern building construction.

The air source heat pumps market size will account for USD 5.2 billion by 2032 and is projected to depict substantial growth between 2024 and 2032, owing to the changing climatic conditions and shifting consumers preference for reliable and efficient heating & cooling systems.

France heat pump coils industry size is projected to be worth USD 0.6 billion by 2032 and is expected to expand at significant CAGR from 2024 to 2032. This is due to the development of residential and commercial infrastructure, favorable economic conditions, and the implementation of strict regulations in the region.

4 COILS TECH s.r.o., Aspen Manufacturing, Beehive Coils, Bosch Thermotechnology Corp., Carrier, DAIKIN APPLIE, EVAPCO, Inc., HC Coils Ltd, Kaltra, Kelvion Holding GmbH, MODINE MANUFACTURING COMPANY, S & P Coil Products Limited, Thermal Transfer Technology Ltd, TTC NORGE AS, Turnbull & Scott Group are some of the major heat pump coils companies operating in Europe.