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 – 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.
 

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 commercial air to water heat pump market is poised to hit USD 7 billion by 2032, on account of the growing concerns to reduce the dependency on fossil fuels to power heating & cooling systems. The administrative bodies have launched their plans to mitigate the utilization of non-renewable fuel source across different verticals to mitigate the fossil fuel dependency & integrate renewable alternatives with reduced carbon footprint. The Germany heat pump market growth is complemented by the increasing adoption of heat pump systems across different applications along with the continuous research & development activities to expand the application potential and operational performance of prevailing HP systems.

The UK commercial air to water heat pump industry is set to observe a significant expansion owing to the encouraging administrative policies coupled with the introduction of various government projects to boost the ATW heat pump deployment potential. For instance, in September 2021, the government of UK established a new Green Heat Network Fund worth about GBP 270 million or USD 349 million in England to back the adoption of clean energy technologies including solar, heat pumps, and geothermal energy across the next generation heating networks. The new scheme is aimed at fostering the heat pump demand, decrease consumer costs, and boost transition towards low-carbon heating solutions over the next 15 years.

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