Europe Air To Water Heat Pump Market Outlook 2022: Current & Future Industry Trends To 2026

Europe air to water heat pump market is poised to gain massive momentum over the projected time frame of 2020 to 2026. This can be credited to the growing product adoption across the region stimulated by rising awareness for reducing carbon emissions along with shifting preference for sustainable and energy efficient solutions. In this regard, air to water heat pump has gained an immense popularity as it offers efficient heating and cooling in the residential, commercial as well as industrial premises. When properly installed, it can provide up to three times more thermal energy as compared to the amount of electricity it consumes.

According to GMI report, Europe air to water heat pump market is estimated to register an installation of over 650 thousand units by 2026.

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The overall Europe air to water heat pump market is fragmented based on applications and regional landscape.

In terms of application, industrial segment in Europe air to water heat pump market is projected to register a notable growth on account of increasing product demand due to growing industrial infrastructure in the region. Stringent governmental norms pertaining to GHG emissions is likely to instigate the demand for clean and efficient space heating systems producing lesser emissions. Moreover, several government initiatives such as incentivizing the end users for replacing conventional fuel systems with more energy efficient units will further contribute to the segment growth.

For instance, the UK government launched a scheme named The Renewable Heat Incentive (RHI) to encourage the deployment of renewable energy technologies for the purpose of heating across businesses and households by extending financial support to them annually.

Commercial segment is also expected to record substantial gains over the coming years considering the increasing number of air to water heat pump unit installations across numerous commercial spaces such as restaurants, educational facilities, theatres, retail outlets, etc. These units are capable of producing large amount of thermal energy while consuming less electrical energy, which makes them an appropriate option for large commercial spaces. Further, rising concerns regarding energy conservation in the region has propelled the demand for energy efficient solutions, which  will in turn provide positive growth prospects for the industry.

Considering the growing product demand in the commercial segment, manufacturers in the region are focusing on developing new products in order to meet the requirements of their customers, For instance, in 2018, Thermia launched a large-capacity heat pump Thermia Mega S for small commercial spaces, a product that claimed to have high reliability and sophisticated functionalities. Reportedly, this new product launch helped the company gain a strong foothold in the market.

Speaking of the regional landscape, air to water heat pump market in France is projected to witness a commendable growth owing to increasing number of commercial and residential buildings across the country. For instance, based on the estimates by EUROPA, France recorded over 418 thousand residential construction units in 2017.. Further, rising disposable income along with growing commercial infrastructure has created the demand for energy efficient heating solutions. The requirement for effective and sustainable water and space heating systems will further enhance the product adoption.

Major industry players operating in Europe air to water heat pump market such as Effiziento Haustechnik GmbH, Danfoss, Johnson Controls, Inc., Systemair AB, Nibe Industrier AB, Swegon Group AB, Samsung HVAC, LLC,  Daikin, Panasonic Corporation, Aermec S.p.A., Mitsubishi Electric, etc. are focused on developing new products, and implementing business strategies such as expansion, mergers and acquisitions to gain a strong market presence.

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For instance, in 2020, Daikin Europe N.V., one of the prominent players, announced expansion of  its R&D and production capacity for heating systems in Germany. Apparently, through this expansion, the company is anticipated to gain a leading position in the heating and cooling industry in Europe.

Partial Chapter of the Table of Content

Chapter 3    Europe Air to Water Heat Pump Industry Insights

3.1       Industry segmentation

3.2       Industry ecosystem analysis

3.2.1     Vendor matrix

3.3       Innovation & sustainability

3.3.1     Daikin

3.3.2     Viessmann

3.3.3     Vaillant Group

3.3.4     Toshiba Corporation

3.3.5     Danfoss

3.3.6     Stiebel Eltron

3.3.7     Mitsubishi Electric Corporation

3.4       COVID – 19 impact on the overall industry outlook, 2020 - 2026

3.4.1     Top countries impacted by COVID- 19

3.4.2     Optimistic view

3.4.3     Realistic view

3.4.4     Pessimistic view

3.5       Regulatory landscape

Chapter 4    Europe Air To Water Heat Pump Market, By Application

4.1       Europe air to water heat pump market share by application, 2019 & 2026

4.2       Residential

4.2.1     Europe market from residential, 2015 - 2026

4.2.2     Europe market from residential, by country, 2015 – 2026

4.2.3     Single family house

4.2.3.1       Europe market from single family house, 2015 - 2026

4.2.3.2       Europe market from single family house, by country, 2015 – 2026

4.2.4     Multi-family apartment

4.2.4.1       Europe market from multi-family apartment, 2015 - 2026

4.2.4.2       Europe market from multi-family apartment, by country, 2015 – 2026

4.2.5     Residential, by product

4.2.5.1       Domestic hot water pump

4.2.5.1.1      Europe market from domestic hot water pump, 2015 - 2026

4.2.5.1.2      Europe market from domestic hot water pump, by country, 2015 – 2026

4.2.5.2       Room heat pump

4.2.5.2.1      Europe market from room heat pump, 2015 - 2026

4.2.5.2.2      Europe market from room heat pump, by country, 2015 – 2026

4.3       Commercial

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