Europe Commercial Air to Water Heat Pump Market Size – By Application (Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality), Regional Outlook & Forecast, 2024 - 2032

Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Industrial-Machinery | Format: Report available in PDF / Excel Format

View Details Buy Now 2890 Download Sample Ask for Discount Request Customization

Europe Commercial Air to Water Heat Pump Market Size – By Application (Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality), Regional Outlook & Forecast, 2024 - 2032

Europe Commercial Air to Water Heat Pump Market Size

Europe Commercial Air to Water Heat Pump Market was valued at USD 2.8 billion in 2023 and is projected to attain a CAGR of 21.4% between 2024 and 2032. The growing inclination towards integration of advanced energy systems with less carbon footprint to stimulate the industry growth.

To get key market trends

  Download Free Sample

Moreover, continuous efforts by key regional administrations to increase the renewable energy share in the heating & cooling operations to unveil new opportunities for the industry landscape. For instance, in March 2024, European Environment Agency (EEA) reported that the renewable energy sources attributed about 23% out of total energy consumption in 2022 across the EU, increasing from about 21.9% in 2021.
 

Europe Commercial Air to Water Heat Pump Market Report Attributes
Report Attribute Details
Base Year 2023
Europe Commercial Air to Water Heat Pump Market Size in 2023 USD 2.8 Billion
Forecast Period 2024 - 2032
Forecast Period 2024 - 2032 CAGR 21.4%
2032 Value Projection USD 16.3 Billion
Historical Data for 2021 - 2023
No. of Pages 95
Tables, Charts & Figures 12
Segments covered Application and Region
Growth Drivers
  • Stringent building energy performance standards & norms
  • Mounting investments to construct advanced building infrastructure
  • Growing measures to reduce the dependency on fossil fuels and diminish carbon emissions
Pitfalls & Challenges
  • Availability of other space and water heating & cooling technologies

What are the growth opportunities in this market?

 Download Free Sample

Europe Commercial Air to Water Heat Pump Market Trends

The introduction of favorable regulatory policies coupled with the introduction of new financial support & subsidy programs by the respective governments will positively cater to the Europe air to water heat pump industry landscape. Numerous countries across the region experiences substantial temperature variations resulting in sub-zero along with hot climatic conditions round the year. In addition, European nations have undergone steep transition towards deployment of environment friendly heat pump systems functioning over a range of temperatures to effectively suffice the heating & cooling demand propelling the heat pump business dynamics.

Europe Commercial Air to Water Heat Pump Market Analysis

Learn more about the key segments shaping this market

 Download Free Sample

Education application is projected to surpass USD 2.5 billion by 2032, owing to the introduction of stern building energy codes, establishment of new infrastructures, and flexible heating & cooling operations, among other parameters. Moreover, the growing deployment of advanced heat pump systems across various commercial application areas to complement the rapid growth with increasing investments in the construction sector. In addition, the shifting consumer preferability to integrate low emission systems supported by the governmental incentive plans will further escalate the air to water heat pump industry growth.

Learn more about the key segments shaping this market

 Download Free Sample

Germany's commercial air-to-water heat pump market is expected to explode, reaching an impressive USD 7 billion by 2032. This surge is driven by a growing awareness of the need to break free from our reliance on fossil fuels to heat and cool our buildings. The government is taking action, rolling out plans to reduce our use of non-renewable energy sources and embrace greener alternatives that leave a smaller carbon footprint. This push towards sustainability is creating a perfect environment for the growth of the heat pump market in Germany. Another factor fueling this growth is the increasing popularity of heat pump systems in various applications. From homes to offices and even entire neighborhoods, heat pumps are gaining traction as an efficient and eco-friendly way to regulate indoor temperatures. And research is playing a crucial role in unlocking the full potential of heat pumps. Scientists and engineers are constantly innovating, expanding their uses and improving their performance, making them an even more attractive option for consumers and businesses alike.

The UK air to water heat pump industry is booming! This is because the government is doing everything it can to make heat pumps more attractive to homeowners and businesses. For example, in 2021, the UK government launched a £270 million fund to support the installation of heat pumps and other clean energy technologies. This fund is expected to help reduce the cost of heat pumps for consumers and make them a more affordable option for everyone. The government is also working to make it easier to install heat pumps. For instance, they have introduced new rules that make it easier for landlords to install heat pumps in their rental properties. All of these efforts are helping to make heat pumps a more popular option for UK homeowners and businesses. As a result, the heat pump industry is expected to continue to grow in the years to come.

Europe Commercial Air to Water Heat Pump Market Share

Looking for region specific data?

 Download Free Sample

The Europe commercial air-to-water heat pump industry is shaped by several key factors, including market dynamics, regulatory environment, and technological advancements. Leading companies are investing in research & development to develop energy-efficient and eco-friendly solutions with enhanced the Coefficient of Performance (COP) of their products, to ensure better performance even in colder climates. Moreover, the leading industry participants including Daikin, Carrier, Panasonic, Viessmann, and Clivet, among others, has observed significant prevalence across the industry presenting intense competition with innovative solutions.

Europe Commercial Air to Water Heat Pump Market Companies

Major manufacturers operating across the industry comprising of

  • Bosch Thermotechnology Corp.
  • Carrier Corporation
  • Clade Engineering Systems Ltd
  • Clivet S.p.A.
  • Daikin
  • Fujitsu General
  • Guangdong Shunde OSB Environmental Technology Co., Ltd.
  • Guangzhou SPRSUN New Energy Technology Development Co., Ltd.
  • Master Therm tepelná ?erpadla s. r. o.
  • Mitsubishi Heavy Industries Air Conditioning Europe, Ltd.
  • OCHSNER
  • Panasonic Corporation
  • Trane
  • Viessmann

Europe Commercial Air to Water Heat Pump Industry News

  • In June 2024, Germany based heat pump manufacturer, Viessmann, launched Vitocal 250-A Pro large heat pump designed for residential, communal, and light commercial buildings. The new unit offers a cooling output of up to 21.7 kW along with the heating output of up to 39.5 kW with the coefficient of performance (COP) of 5.6. In addition, the company further confirmed that the compact monobloc design can be integrated into dense development areas to serve the heating, cooling, and hot water requirements within establishments.
  • In March 2024, Panasonic has unveiled its latest air-to-water heat pumps, specifically designed for commercial and multi-residential applications. These new products, which are set to be released in September, are part of the Aquarea M Series lineup. The heat pumps are equipped with R290 refrigerants, known for their lower environmental impact. The lineup includes three variants, offering rated powers of 20 kW, 25 kW, and 30 kW, catering to a wide range of heating requirements.

This Europe commercial air to water heat pump market research report includes in-depth coverage of the industry with estimates & forecast in terms of “’000 Units” & “USD Million” from 2021 to 2032 for the following segments

Click here to Buy Section of this Report

 

 

Market, By Application

 

  • Education
  • Healthcare
  • Retail
  • Logistics & transportation
  • Offices
  • Hospitality
  • Others

The above information has been provided for the following countries

  • Austria
  • Norway
  • Denmark
  • Finland
  • France
  • Germany
  • Italy
  • Switzerland
  • Spain
  • Sweden
  • UK
  • Netherlands
  • Poland
  • Belgium
  • Slovakia
  • Ireland
  • Czech Republic

 

Table of Content

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

List Tables Figures

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

FAQ'S

For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:

sales@marketinsightsresearch.com

Within 24 to 48 hrs.

You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email

You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.