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Europe Air Source Heat Pump Market Key Growth Analysis On Top key Players - Daikin, Johnson Control, A.O. Smith, Viessmann, Mitsubishi Electric Corporation, Panasonic, Vaillant, Carrier Corporation, LG Electronics

11-15-2018 03:08 PM CET | Industry, Real Estate & Construction

Press release from: marketstudyreport.com

Europe Air Source Heat Pump Market Key Growth Analysis On Top key

Market Study Report recently introduced new title on “2018-2024 Europe Air Source Heat Pump Market Report” from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2024.

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.

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.

Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/1230594/

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.

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.

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.

Government initiatives to encourage energy conservation along with growing adoption of energy efficient heating units will propel the Europe air source heat pump market share. Rising focus toward replacement of conventional heating systems in conjunction with green building codes & standards will further augment the industry landscape. For instance, in 2018, the EU introduced the Energy Performance of Buildings Directive with a purpose of strengthening the energy performance of new constructions and deployment of energy efficient units.

Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/1230594/

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.

Complete report for 2018-2024 on Europe Air Source Heat Pump market is now available at https://www.marketstudyreport.com/reports/europe-air-source-heat-pump-market

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