Europe Air Source Heat Pump Compressors Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
Europe Air Source Heat Pump Compressors Market will register a 19.5% CAGR during 2024-2032, due to the European Union's stringent regulations and incentives for reducing carbon emissions, driving the adoption of energy-efficient heating solutions. Air source heat pumps offer a low-carbon alternative to traditional heating systems, aligning with the EU's climate goals and encouraging their widespread use. Demonstrating with a reference, in July 2024, Daikin Applied introduced air-source heat pumps as part of its Rebel® and Rebel Applied® series. Featuring R-32 refrigerant and ultra-efficient inverters, these units promise enhanced heating capacity, improved efficiency, and ease of installation, even in cold climates.
Additionally, advancements in compressor technology are enhancing the performance and efficiency of air source heat pumps, making them more attractive to both residential and commercial users. Increased awareness of the environmental benefits and cost savings associated with these systems fuels market expansion.
Europe air source heat pump compressors market is highly competitive, with major players focusing on technological advancements and strategic partnerships. Key vendors are investing in research and development to enhance product efficiency and performance. Competitive strategies include expanding distribution networks, adopting sustainable practices, and offering innovative solutions tailored to diverse consumer needs. The market dynamics are shaped by both established brands and emerging players, vying for greater revenue share.
Europe air source heat pump compressors market is classified based on type and region.
The rotary segment will witness notable growth from 2024 to 2032, attributed to the growing emphasis on compact, efficient, and quieter heating solutions. As residential and commercial spaces seek more energy-efficient systems with minimal noise levels, rotary compressors offer superior performance and a smaller footprint. Their ability to deliver consistent heating with lower operational noise aligns well with the preferences of modern consumers, escalating the adoption of air source heat pump compressors in Europe.
France air source heat pump compressors market will capture a considerable revenue share by 2032, due to the country's commitment to transitioning to renewable energy sources and reducing GHG emissions. French government incentives and subsidies for energy-efficient technologies are promoting the adoption of alternative heating solutions. Additionally, the focus on improving energy efficiency in residential and commercial buildings aligns with the benefits of air source heat pumps. Public awareness of environmental sustainability and energy cost savings is thrusting the product demand across France.
Chapter 1 Methodology and Scope
1.1 Market definitions
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid
1.4.2.2 Public
Chapter 2 Industry Insights
2.1 Industry ecosystem analysis
2.2 Regulatory landscape
2.3 Industry impact forces
2.3.1 Growth drivers
2.3.2 Industry pitfalls and challenges
2.4 Growth potential analysis
2.5 Porter's analysis
2.5.1 Bargaining power of suppliers
2.5.2 Bargaining power of buyers
2.5.3 Threat of new entrants
2.5.4 Threat of substitutes
2.6 PESTEL analysis
Chapter 3 Competitive Landscape, 2024
3.1 Strategic outlook
3.2 Innovation and sustainability landscape
Chapter 4 Market Estimates and Forecast, By Type, 2021 – 2032 (‘000 Units and USD Million)
4.1 Key trends
4.2 Reciprocating
4.3 Scroll
4.4 Rotary
4.5 Screw
4.6 Centrifugal
Chapter 5 Market Estimates and Forecast, By Country, 2021 – 2032 (‘000 Units and USD Million)
5.1 Key trends
5.2 Austria
5.3 Norway
5.4 Denmark
5.5 Finland
5.6 France
5.7 Germany
5.8 Italy
5.9 Switzerland
5.10 Spain
5.11 Sweden
5.12 UK
5.13 Netherlands
Chapter 6 Company Profiles
6.1 BITZER Group
6.2 CAREL INDUSTRIES S.p.A.
6.3 Carrier
6.4 Copeland LP
6.5 Daikin
6.6 Danfoss
6.7 Embraco LLC
6.8 GREE ELECTRIC APPLIANCES, INC
6.9 Guangzhou SPRSUN New Energy Technology Development Co., Ltd.
6.10 JOHNSON CONTROLS - HITACHI AIR CONDITIONING COMPANY