Home > Industrial Machinery > HVAC > Heat Pumps > Europe Reversible Heat Pump Market
Europe Reversible Heat Pump Market Size
- Report ID: GMI10973
- Published Date: Aug 2024
- Report Format: PDF
Europe Reversible Heat Pump Market Size
Europe Reversible Heat Pump Market was valued at USD 5.9 billion in 2023 and is set to grow at CAGR of 19.1% from 2024 to 2032. Growing adoption of advanced heating and cooling technologies coupled with increasing disposable incomes and purchasing power of consumers have accelerated the adoption of efficient heat pump technologies.
Ongoing R&D efforts by manufacturers along with favorable policies to boost heat pump adoption will complement the industry landscape. For instance, the European Heat Pump Association has crafted a manifesto outlining pivotal policy priorities for 2024 – 2029, aiming to harness the full potential of heat pumps. The immediate action should be the swift release of the EU Heat Pump Action Plan.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Europe Reversible Heat Pump Market Size in 2023: | USD 5.9 Billion |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 19.1% |
| 2024 – 2032 Value Projection: | USD 29.4 Billion |
| Historical Data for: | 2021-2023 |
| No. of Pages: | 75 |
| Tables, Charts & Figures: | 12 |
| Segments covered: | Product, Application and Country |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Europe Reversible Heat Pump Market Scope
