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Europe Heat Pump Coils Market Trends

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

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Europe Heat Pump Coils Market Trends

Europe heat pump coils industry is set to grow owing to adoption of advanced technologies, growing environmental concerns and introduction of stringent energy efficiency standards. Integration of smart technologies for enhanced operational efficiency and energy management has led to increased deployment of heat pump coils. Favorable schemes including incentives and rebates further encourage investment in modern and environmentally friendly heating and cooling solutions among residential and commercial applications. For instance, in April 2023, the EU set a target to install 60 million additional heat pumps by 2030, which aims to reduce the EU's gas demand for buildings by 40% by 2030, resulting in a projected decrease of over USD 65 billion in the EU's energy import expenditure.

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.