Europe Air to Water Heat Pump Market
According to Global market insight Inc report, Europe air to water heat pump market was estimated at $2.5 billion in 2019. And it will extend to $3 billion by 2026. There will be an increase of 6.6% from 2019 to 2026.Not only for household air to water heat pump system, but commercial air to water heat pump will have large market, too.
With the rapid development of the Industrial sector, Europe household air to water heat pump market and commercial air to water heat pump market will have a substantial growth. Government will have requirement for efficient and cleaner space heating system with low consumption for the environment. Therefore, air to water heat pump system will be succedaneum for the fuel and gas boiler as it is more energy saving.
Industrial and commercial air to water heat pump can provide large heat with few power consumption, which is more and more popular for large space heating. In addition, people focus on energy saving technology will greatly promote the share of air to water heat pump system in Europe.
Due to the fast growth for residential and commercial buildings, air to water heat pump market in France increase very fast. For example, according to Europe data, in 2017, 418000 families built commercial infrastructure including restaurants and educational facilities, making it a record year for the French residential construction industry. More and more commercial building and facilities appear, the growing demand for efficient and sustainable water and space heating systems will be further increase.
Compared with gas boiler or electric boiler, air to water heat pump have better design and high running efficiency, there will be fast growth for air to water heat pump in Europe market. During the study period, Europe air to water heat pump system market with high growth, is because for rising concerns for climate change and energy efficient system, which in turn is positively swaying the business dynamics in Europe.