Europe Cold Climate Air Source Heat Pump Market Size & Outlook

The cold climate air source heat pump market in Europe is expected to reach a projected revenue of US$ 495.6 million by 2030. A compound annual growth rate of 12.5% is expected of Europe cold climate air source heat pump market from 2023 to 2030.
Revenue, 2022 (US$M)
$193.7
Forecast, 2030 (US$M)
$495.6
CAGR, 2023 - 2030
12.5%
Report Coverage
Europe

Europe cold climate air source heat pump market highlights

  • The Europe cold climate air source heat pump market generated a revenue of USD 193.7 million in 2022.
  • The market is expected to grow at a CAGR of 12.5% from 2023 to 2030.
  • In terms of segment, split systems was the largest revenue generating product in 2022.
  • Single Package Equipment is the most lucrative product segment registering the fastest growth during the forecast period.
  • Country-wise, Norway is expected to register the highest CAGR from 2023 to 2030.


Europe data book summary

Market revenue in 2022USD 193.7 million
Market revenue in 2030USD 495.6 million
Growth rate12.5% (CAGR from 2022 to 2030)
Largest segmentSplit systems
Fastest growing segmentSingle Package Equipment
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSplit Systems, Single Package Equipment
Key market players worldwideCarrier Global Corp Ordinary Shares, Daikin Industries Ltd, Bosch, Lennox International Inc, Johnson Controls International PLC, Hitachi Ltd, Ingersoll Rand Inc, Panasonic Holdings Corp, Fujitsu Ltd, LG Electronics Inc ADR, Mitsubishi Corp


Other key industry trends

  • In terms of revenue, Europe region accounted for 36.5% of the global cold climate air source heat pump market in 2022.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Europe is the fastest growing regional market and is projected to reach USD 495.6 million by 2030.

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Cold Climate Air Source Heat Pump Market Scope

Cold Climate Air Source Heat Pump Market Companies

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Europe cold climate air source heat pump market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cold climate air source heat pump market will help companies and investors design strategic landscapes.


Split systems was the largest segment with a revenue share of 88.59% in 2022. Horizon Databook has segmented the Europe cold climate air source heat pump market based on split systems, single package equipment covering the revenue growth of each sub-segment from 2018 to 2030.


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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe cold climate air source heat pump market , including forecasts for subscribers. This continent databook contains high-level insights into Europe cold climate air source heat pump market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Europe cold climate air source heat pump market size, by country, 2018-2030 (US$M)

Europe Cold Climate Air Source Heat Pump Market Outlook Share, 2022 & 2030 (US$M)

Europe cold climate air source heat pump market size, by country, 2018-2030 (US$M)

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