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Europe Hydronic Heat Pump Market Share

Report ID: GMI11606
Published Date: Sep 2024
Report Format: PDF

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Europe Hydronic Heat Pump Market Share

Europe Hydronic Heat Pump Company Market Share Analysis, 2023

Key players in the Europe hydronic heat pump market are actively pursuing strategic partnerships, alliances and mergers & acquisitions to strengthen their industry presence and enhance their technological development. These initiatives enable companies to combine resources, introduce advanced technologies, and launch innovative products. Through collaborations, firms can conduct joint research and development projects and expand their market reach. Mergers and acquisitions allow companies to consolidate their positions, acquire new capabilities, and gain a competitive edge over the others.

Europe Hydronic Heat Pump Market Companies

Major players operating across the industry include:

Carrier
Clivet
Daikin
Frost Italy
Johnson Controls
Kensa Heat Pumps
LG Electronics
Lochinvar
Mitsubishi Electric
Panasonic
Radiant Bruciatori
Samsung
Stiebel Eltron
Thermia Heat Pumps
WaterFurnace

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The European market for hydronic heat pump was valued at USD 11.1 billion in 2023 and is estimated to grow at a 20.7% CAGR from 2024 to 2032, driven by the rapid development of energy-efficient building infrastructures and increasing urbanization.

The air-to-water segment is set to grow over USD 59 billion by 2032, fueled by the demand for efficient heating, cooling, and hot water solutions in buildings, along with technological advancements and a shift towards energy-efficient solutions.

The German hydronic heat pump market is projected to exceed USD 27.5 billion by 2032, driven by new building constructions, consistent demand for temperature control, and favorable regulatory and financial incentives.

Major players in the industry include Carrier, Clivet, Daikin, Frost Italy, Johnson Controls, Kensa Heat Pumps, LG Electronics, Lochinvar, Mitsubishi Electric, Panasonic, Radiant Bruciatori, Samsung, Stiebel Eltron, Thermia Heat Pumps, and WaterFurnace.