Get a free sample of Europe Reciprocating Heat Pump Compressors Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Europe Reciprocating Heat Pump Compressors Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
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.
What is the size of Europe reciprocating heat pump compressors industry?
Europe reciprocating heat pump compressors market size was valued at USD 1.5 billion in 2023 and is estimated to grow at 17.6% CAGR from 2024 to 2032 owing to the rising demand for heating and cooling system.
Why is the demand for air source reciprocating heat pump compressors growing in Europe?
The air source segment in the Europe reciprocating heat pump compressors market is set to grow at over USD 6.7 billion by 2032 due to the increasing demand for space heating.
How big is the Germany reciprocating heat pump compressors industry?
Germany reciprocating heat pump compressors market is set to exceed USD 2.3 billion by 2032 backed by the supportive government policies aimed at promoting energy-efficient technologies.
Mention the key players involved in the Europe reciprocating heat pump compressors industry?
BITZER, CAREL INDUSTRIES, Copeland, Danfoss, Dorin, FRASCOLD, GEA Group, Johnson Controls, LG Electronics, MAYEKAWA, Panasonic, Secop, SRM Italy, and Tecumseh Products Company LLC