Press release
Europe Air Source Heat Pump Market 2018 – 2024 Key industry players across market include Bosch Thermotechnology, NIBE, LG Electronics, Carrier Corporation, Vaillant, Panasonic, Mitsubishi Electric Corporation and Viessmann
Europe Air Source Heat Pump Market
Escalating demand for hot water and space heating across cold regions coupled with shifting trends toward installation of high efficiency heating systems will propel Europe air source heat pump market growth. Furthermore, the government initiatives encouraging modernization and renovation of existing infrastructures along with financial aid for construction of minimum energy requirement buildings will enhance the business growth. For instance, in 2018, the European Investment Bank approved funds of approx. USD 115 million in support for construction of zero energy buildings.
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Commercial air source heat pump market size is anticipated to grow over 4% by 2024. Escalating demand for HVAC units which are easily integrable with conventional heating systems along with rising infrastructural investment will propel the industry growth. For instance, in 2017, the European Investment Bank signed a deal with Infranode worth over USD 98 million for investment in development of sustainable local infrastructure.
Regulatory measures promoting adoption of energy efficient space heating systems coupled with legislative initiatives favoring energy conservation will stimulate the ASHP market growth. Green building standards & codes along with rising focus for replacement of conventional heating units will further complement the business growth. In 2018, the European Union introduced Energy Performance of Buildings Directive (EU) 2018/844 with an aim to strengthen energy performance for new infrastructure and installation of energy efficient systems.
Norway air source heat pump market size is anticipated to surpass USD 600 million by 2024. Rising investments toward sustainable development of commercial and residential sector will fuel the product demand. For instance, in 2016, Enova, Ministry of Petroleum and Energy introduced energy efficiency scheme with an aim to provide investment in form of financial aids for energy recovery measures in residential sector.
Europe Air to Air (ATA) heat pump market size is predicted to expand over 3% by 2024. Ability to purify air, cost effectiveness, ease of installation, energy efficiency and zero expenses for ground works are some of the prominent features that will make product adoption preferable over the traditional counterparts. Furthermore, these systems offer consistent comfort on account of their ability to adjust control heating and cooling.
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Europe air source heat pump market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume and revenue from 2013 to 2024, for the following segments:
Europe Air Source Heat Pump Market, By Product
• Air to Air
• Air to Water
Europe Air Source Heat Pump Market, By Application
• Residential
• Single-Family Houses
• Multi-Family Apartments
• Residential, by product
• Domestic Hot Water Heat Pump
• Room Heat Pump
• Commercial
• Education
• Healthcare
• Retail
• Logistics & Transportation
• Offices
• Hospitality
• Others
Table of Content
Chapter 1 Methodology
1.1 Methodology
1.2 Market definitions
1.3 Market estimation & forecast parameters
1.4 Abbreviations
1.5 Data Sources
1.5.1 Primary
1.5.2 Secondary
1.5.2.1 Paid Sources
1.5.2.2 Public Sources
Chapter 2 Executive Summary
2.1 Europe air source heat pump market 3600 synopsis, 2013 – 2024
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Application trends
2.1.4 Country trends
Chapter 3 Europe Air Source Heat Pump Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024 (USD Million)
3.3 Industry ecosystem analysis
3.3.1 Vendor Matrix
3.4 Innovation & sustainability
3.4.1 Bosch Thermotechnology
Chapter 4 Europe Air Source Heat Pump Market, By Product
4.1 Europe air source heat pump market share by product, 2017 & 2024
4.1 Air to Air
4.1.1 Europe market from air to air, 2013 - 2024
4.1.2 Europe market from air to air, by country, 2013 - 2024
4.2 Air to water
4.2.1 Europe market from air to water, 2013 - 2024
4.2.2 Europe market from air to water, by country, 2013 - 2024
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