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Europe Residential Air to Water Heat Pump Market Trends

Report ID: GMI10881
Published Date: Aug 2024
Report Format: PDF

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Europe Residential Air to Water Heat Pump Market Trends

Europe residential air to water heat pump industry is anticipated to grow owing to adoption of advanced technologies, growing environmental concerns and introduction of stringent energy efficiency standards. Favorable regulatory landscape for adoption of clear energy technologies along with growing inclination toward replacement of traditional heating & cooling systems will favor the business dynamics. Moreover, introduction of enhanced technologies including variable speed compressors together with accelerating investment in environment friendly, low emission heating & cooling solutions will complement the industry landscape.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

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.