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Major manufacturers in the industry are fortifying their market foothold through strategic partnerships, collaborations, and mergers & acquisitions, actively working to bolster their competitive edge. Carrier, Daikin, Panasonic Marketing Europe GmbH, LG Electronics, Mitsubishi Electric Europe B.V. and SAMSUNG hold the major market share across the Europe residential air to water heat pump industry.
Key industry players operating across industry include:
The market size of Europe residential air to water heat pump was worth over USD 7.6 billion in 2023 and is set to grow at a 21.2% CAGR through 2032, due to rising demand for energy efficient and reliable hot water and heating systems across residential applications.
Europe residential air to water heat pump industry from the single-family segment is anticipated to surpass USD 26 billion by 2032, led by accelerating investment and expenditure for the development of housing infrastructure.
Germany residential air to water heat pump industry is set to exceed USD 19 billion by 2032, led by changing climatic conditions, increasing demand for efficient space heating & hot water solutions and rising adoption of energy efficient systems.
AERMEC S.P.A., Bosch Thermotechnology Ltd., Carrier, Daikin, FUJITSU GENERAL, Glen Dimplex Group, Midea, and LG Electronics.