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Europe Hydronic Heat Pump Market Size
- Report ID: GMI11606
- Published Date: Sep 2024
- Report Format: PDF
Europe Hydronic Heat Pump Market Size
Europe hydronic heat pump market size was valued at USD 11.1 billion in 2023 and is estimated to grow at a CAGR of 20.7% from 2024 to 2032. Rapid development of energy efficient building infrastructure and increasing urbanization have accelerated the demand for energy-efficient space heating and cooling systems, complementing the business landscape.
Rising energy consumption and focus to reduce emissions from building infrastructure has accelerated heat pump deployment driven by favorable policies and financial rebates by the authorities. For instance, in December 2023, the European Performance of Buildings Directive was revised. The updated directive outlines strategies to reduce carbon emissions in building stock and sets objectives for refurbishing about 16% of the region’s lowest-performing non-domestic building infrastructure by 2030.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Europe Hydronic Heat Pump Market Size in 2023: | USD 11.1 Million |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 20.7% |
| 2032 Value Projection: | USD 61.4 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 85 |
| Tables, Charts & Figures: | 12 |
| Segments covered: | Product and Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Europe Hydronic Heat Pump Market Scope
