Press release
Europe Air Source Heat Pump Market Brief Analysis By Top Key Players - Johnson Control, A.O. Smith, Viessmann, Mitsubishi Electric Corporation, Panasonic, Vaillant, Carrier Corporation, LG Electronics, NIBE, Bosch Thermotechnology & More
Air Source Heat Pump
Europe Air Source Heat Pump Market is predicted to exceed USD 7 Billion by 2024. Rising demand for space heating and hot water across polar climate regions along with government efforts toward renovation and modernization of existing infrastructures will boost the industry growth. In addition, financial support for the construction of sustainable buildings will complement the business landscape. For instance, the European Investment Bank, in 2018, approved funds of over USD 100 million toward development of zero emission buildings.
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Commercial ASHP market is projected to expand over 4% by 2024. Rising demand for HVAC systems having easy integrability with traditional heating units coupled with growing investments toward infrastructure development will augment the product deployment. For instance, the European Investment Bank entered in a contract with Infranode toward sustainable development of local infrastructure.
The UK air source heat pump market is anticipated to exceed an annual installation of 30 thousand units by 2024. The industry will witness robust growth on account of recent extensions in Renewable Heat Incentive tariff coupled with strengthening efforts by utility companies toward nationwide expansion of heat pump business. Additionally, the EU in collaboration with respective government introduced energy efficiency measures which will encourage the replacement of traditional heating systems.
Europe Air to Air (ATA) heat pump market is projected to grow over 3% by 2024. Cost effectiveness, high energy efficiency, ability to purify air, ease of installation and zero ground work expense are some of the key features which will make the product a more preferable option over its available counterparts.
Norway ASHP market is predicted to exceed USD 600 million by 2024. Growing investments toward development of sustainable residential and commercial infrastructure will propel the product deployment. In 2016, the Ministry of Petroleum and Energy announced an energy efficiency scheme intended to provide investments toward energy recovery measures across residential sector.
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Eminent players operating across Europe air source heat pump market include Daikin, Johnson Control, A.O. Smith, Viessmann, Mitsubishi Electric Corporation, Panasonic, Vaillant, Carrier Corporation, LG Electronics, NIBE, Bosch Thermotechnology amongst others.
Table of content:
Chapter 1. Methodology
Chapter 2. Executive Summary
Chapter 3. Europe Air Source Heat Pump Industry Insights
Chapter 4. Europe Air Source Heat Pump Market, By Product
Chapter 5. Europe Air Source Heat Pump Market, By Application
Chapter 6. Europe Air Source Heat Pump Market, By Country
Chapter 7. Company Profiles
More Details on this Report At: https://www.marketstudyreport.com/reports/europe-air-source-heat-pump-market
Related Report:
United States Industrial Air Source Heat Pump Market Report 2018
In this report, the United States Industrial Air Source Heat Pump market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
https://www.marketstudyreport.com/reports/united-states-industrial-air-source-heat-pump-market-report-2018/?utm_source=RR-PSR
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