Home > Industrial Machinery > HVAC > Heat Pumps > Europe Reciprocating Heat Pump Compressors Market
Europe Reciprocating Heat Pump Compressors Market Size
- Report ID: GMI11469
- Published Date: Sep 2024
- Report Format: PDF
Europe Reciprocating Heat Pump Compressors Market Size
Europe reciprocating heat pump compressors market size was valued at USD 1.5 billion in 2023 and is estimated to grow at CAGR of 17.6% from 2024 to 2032. Rising demand for heating and cooling systems, along with supportive government policies and a move towards low-carbon technologies, is shaping the business landscape.
For instance, in March 2024, The European Commission has approved a USD 379 million scheme for Portugal. This program will provide direct grants to companies manufacturing equipment essential for transitioning to a net-zero economy, aligning with the Green Deal Industrial Plan. The supported products include heat pumps and their components.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Europe Reciprocating Heat Pump Compressors Market Size in 2023: | USD 1.5 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 17.6% |
| 2032 Value Projection: | USD 6.9 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 70 |
| Tables, Charts & Figures: | 12 |
| Segments covered: | Application and Country |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Europe Reciprocating Heat Pump Compressors Market Scope
