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Europe Residential Heat Pump Market Share

Report ID: GMI8912
Published Date: Apr 2024
Report Format: PDF

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Europe Residential Heat Pump Market Share

Major manufacturers across the Europe residential heat pump industry are prioritizing strategic partnerships, agreements, acquisitions, and the development of innovative new products to enhance their competitive positioning within the market. Various large-scale competitors including Samsung, Carrier, Mitsubishi, Daikin, LG Electronics, and Panasonic, among other, holds majority of the market share across the industry.

Europe Residential Heat Pump Market Companies

The key market players operating across the industry include:

Bosch Thermotechnology Corp.
Brötje GmbH
Carrier
Daikin
FUJITSU GENERAL
Glen Dimplex Group
GREE ELECTRIC APPLIANCES, INC.
JOHNSON CONTROLS - HITACHI AIR CONDITIONING COMPANY
Kensa Heat Pumps
LG Electronics
Lochinvar
Master Therm tepelná ?erpadla s. r. o.
Mitsubishi Electric Corporation
NIBE INDUSRIER AB
OCHSNER
Panasonic Marketing Europe GmbH
SAMSUNG
STIEBEL ELTRON GmbH & Co. KG
Vaillant Group

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The market size for residential heat pump in Europe reached USD 11.8 billion in 2023 and is set to witness 19.3% CAGR from 2024-2032, owing to growing demand for energy-efficient solutions along with favorable regulations promoting the adoption of low carbon technologies in the region.

Europe gas fired boiler industry is expected to exceed USD 58 billion by 2032, due to rising popularity of energy efficient technologies and increasing demand for space cooling, heating, and hot water solutions.

Germany market is poised to cross USD 19 billion by 2032, attributed to favourable regulatory frameworks, stringent building standards, focus on renewable energy and initiatives to curb emissions in the country.

Daikin, Lochinvar, Master Therm tepelná ?erpadla s. r. o., Mitsubishi Electric Corporation, NIBE INDUSRIER AB, OCHSNER, Panasonic Marketing Europe GmbH, SAMSUNG, STIEBEL ELTRON GmbH & Co. KG, and Vaillant Group, are some of the major residential heat pump companies in Europe.