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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
Why is the demand for residential air source heat pump growing in Europe?
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.
What is the size of the Europe residential heat pump market?
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.
How big is the Germany residential heat pump industry?
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.
Who are the key leaders in the residential heat pump market from Europe?
Daikin, Lochinvar, Master Therm tepeln