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European Heat Pump Market Research Report Analysis, Industry Size and Revenue

In terms of revenue, the European heat pump market is projected to witness a noticeable gain by 2026. Both commercial and residential establishments are vying to reduce the electricity bills, with volatile fuel prices and tendency to reduce the import dependency slated to spur the product demand.

The Europe heat pump market share is likely to witness a substantial uptick on the heels of robust government initiatives toward the construction of smart cities and rigorous building standards in the U.K., France, Austria, Italy and Germany. The governments have shown inclination towards the development and refurbishment of existing building infrastructure.

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Some of the trends which are touted to play an instrumental role in propelling business strategies are elucidated below:

Air source heat pump to gain impetus

Stakeholders are touted to infuse funds in air source heat pumps in light of their ability to extract heat from ground through buried pipe. Moreover, these pumps have become popular for having long life span, low carbon footprint and easy installation features. It is worth noting that these units can contain the greenhouse gas emissions by 40% when compared to the traditional heating units.

Strong demand for water heating solutions will stimulate the adoption of air water heat pumps, with additional air purification features and less heat transfer loss touted to bolster the industry outlook.

Demand from residential and commercial sectors

The trend for heat pumps in residential sector will become noticeable on the back of influx of funds in infrastructural projects. Europe has shown increased traction towards energy efficient buildings and adoption of state-of-the-art technologies. For instance, the IPE projected the real estate transaction volume to reach over USD 15 billion in 2019.

Investments in commercial heat pumps will gain an uptick owing to rise in construction of multistory buildings and development of public facilities. Not to mention, burgeoning urbanization has furthered the demand for heat pumps in the wake of construction of hospitals, shopping malls, offices and hotels.

With the trend for heat pumps becoming more palpable in residential and commercial settings, deployment of HVAC systems has fueled the Europe heat pump market value.

U.K. and Austria to be replete with investments

With the investments in renewables soaring in the region, the U.K. and Austria have come up as favorable investment hubs. To illustrate, renewable energy production is said to have increased by 64% in the last decade.

The U.K. is likely to witness investments galore in the wake of rigorous regulatory standards for energy efficient heating appliances. At the time when purchasing power parity (PP) has risen along with the penetration of refurbishment activities, a seismic shift towards newer technologies has complemented the economies of scale in the region. For instance, the U.K. government is providing direct incentives for product installation, thereby expediting product adoption.

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Bullish growth of heat pumps in Austria will enthuse confidence among the stakeholders as the government continues to introduce rigorous environment policies fostering sustainable heating systems. Besides, Austria market will gain impetus from low operational cost, high safety and easy maintenance features of heat pumps.

As governments emphasize energy efficiency norms and renewable energy targets to reduce the CO2 emissions, end-users are expected to exhibit traction for air source heat pumps.

Table of Contents (ToC) of the report:

Executive Summary

  1. Europe heat pump market 3600 synopsis, 2015 – 2026

 

Europe Heat Pump Market Insights

  1. Industry segmentation
  2. Industry landscape, 2015 – 2026
  3. Industry ecosystem analysis
    1. Vendor matrix
  4. Innovation & sustainability
  5. Regulatory landscape
  6. Industry impact forces
    1. Heat Pump Market Growth drivers
    2. Industry pitfalls & challenges
  7. Growth potential analysis
  8. Porter’s analysis
  9. Competitive landscape, 2019
    1. Strategy dashboard
  10. PESTEL analysis

 

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