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Europe Residential Air to Water Heat Pump Market Size
- Report ID: GMI10881
- Published Date: Aug 2024
- Report Format: PDF
Europe Residential Air to Water Heat Pump Market Size
Europe Residential Air to Water Heat Pump Market was valued at USD 7.6 billion in 2023 and is set to grow at CAGR of over 21.2% between 2024 and 2032. Rising demand for energy efficient and reliable hot water and heating systems across residential applications along with shifting focus toward limiting emissions will complement the industry landscape.
For instance, from October 2023 to March 2028, the UK government enhanced the Boiler Upgrade Scheme, providing grants of USD 9,600 (GBP 7,500). This initiative aims to facilitate transition from fossil fuel heating to low-carbon alternatives, including heat pumps. Stringent regulatory norms and standards toward energy efficiency along with favorable initiatives by authorities toward adoption of heat pumps will accelerate the product deployment.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Europe Residential Air to Water Heat Pump Market Size in 2023: | USD 7.6 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 21.2% |
| 2032 Value Projection: | USD 43.9 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 80 |
| Tables, Charts & Figures: | 12 |
| Segments covered: | Application, Product and Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Europe Residential Air to Water Heat Pump Market Scope
