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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
The technology used by a heat pump is comparable to that of a refrigerator or air conditioner. It draws heat from a source, such as the air around it, geothermal energy buried beneath the surface, adjacent water sources, or industrial waste heat.After that, it intensifies and distributes the heat as needed. In order to heat and cool a building, a heat pump needs electricity.
Depending on where it is needed, these gadgets are effective at moving heat from one location to another. A heat pump moves heat from the outside of a building into the interior to provide heating during the winter. Since they use less electricity than air conditioners, heat pumps are more energy-efficient. They consume less energy because they dehumidify the air more effectively than conventional AC units.
In comparison to electric resistance heating options, heat pumps are also more effective. It is referred to as a heat pump because it regulates the climate in your home by transferring the heat that is already present in the air. It transmits heat from the outside environment inside your house throughout the winter. The process is reversed in the summer, when the heat pump transports heat from the inside of the house to the outside.
Heat pumps use cleaner electricity and are substantially more efficient than conventional boilers, lowering the carbon impact of your home. In order to provide heating and hot water for your home, a heat pump extracts heat from the earth or the air at a low temperature, raises it to a higher temperature, and then transfers it there. One of the most typical reasons for heat pump issues is refrigerant leaks.
This liquid substance is used by your heat pump to cool and heat air. Your heat pump will work harder to maintain the temperature set by your thermostat as the refrigerant supply slowly diminishes, which will make it run longer. While the inside unit of a heat pump system is less expensive than an air conditioner, the upfront cost of the outdoor unit may be more.
To effectively install a system that can cool and heat your home, you must first comprehend the total cost of installation. A refrigerator is a type of heat pump that expands warm outside air to cool it. While heat pumps use electricity to pull heat from the outside air, even cold air and transfer it indoors, furnaces burn oil or gas to produce heat. Heat pumps function better in hot regions than furnaces because of how they produce less heat.
Standard fluorinated hydrocarbons include HFCs and PFCs. Most heat pumps employ these refrigerants, which are also often used in air conditioning systems in buildings and automobiles under the names R134a. In North America and northern Europe, natural gas is a common heating fuel. Burners powered by gas are automatically controlled, require little upkeep and don't need any ash removed. But not every location has access to a natural gas distribution network. The Europe heat pump market stands at the forefront of the region's transition toward sustainable and energy-efficient heating and cooling solutions.
The Europe heat pump market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
At the Chillventa trade event, where the business displayed the technology, Haier announced the debut of a home air-to-air split propane (R290) in Europe heat pump Market.The likelihood that R290 will establish itself as a significant participant in the air conditioning and heat pump sector is growing clearly noted the environmental advantages of widespread adoption of R290 in home split air conditioners and heat pumps, which can lower global warming by up to 0.12°C (0.22°F).
Although split ACs using R290 as a low-GWP substitute for R410 and R32 are already on the market in China and India, their use and acceptance have been constrained in other regions of the world, including Europe, due to strict safety regulations and flammability-related building codes. With regard to the future of its R290 heat pump, Haier is optimistic. Flammable refrigerants will play a bigger role as the EU f-gas drop downs go and end users will almost probably require them.
The 460 MSEK Series B capital round has been announced by the Swedish heat-pump systems and technology business Qvantum. The fresh cash will help Qvantum with its growth and expansion plans and speed up the introduction of its cutting-edge technology and next-generation electric heat pumps into densely populated urban areas and cities around Europe.
The import and use of fossil natural gas is a major factor in the Europe heat pump market. Low-carbon electric heating and cooling systems will be crucial as the burning of fossil fuels must be quickly phased out.The European Commission has set ambitious goals with the European Green Deal, including becoming the first continent in the world to be climate neutral.
For everyone to enjoy emission-free heating and cooling, Qvantum, a Swedish company, creates high-quality electric heat pumps for individual buildings as well as creative heat pump-based solutions for highly populated areas. The company collaborates closely with engineering consultants, installers, project developers, and utilities and has extensive understanding in both heat-pump technology and energy systems engineering.
Daikin demonstrates that its expansion will continue: The industry leader in this sector will introduce the new Daikin Altherma 4 and constantly increase its production capacity in the ensuing years.The company has a solid local foothold in Europe, and it is investing in a new manufacturing facility in Poland that will grow to be its biggest in the continent
With the release of Daikin Altherma, Daikin became a pioneer in the use of hydronic technology in Europe heat pump market. Since then, it has taken the lead in marketing heat pumps as a sustainable solution and influencing the market's shift to renewable heating.
Daikin has expanded its product line to serve the replacement market in addition to being a major player in heat pumps for new construction. This leads to a market-leading position and the installation of 1.2 million heat pumps throughout Europe. Daikin introduces the Daikin Altherma 3 R MT and the new Daikin Altherma 4 range, continuing its growth narrative.
Among other cutting-edge features, this heat pump has a new outside design and a smart control option. Since it will be entirely developed and produced in Europe, maximum installation freedom is guaranteed. At ISH 2023, these goods are on display at the Daikin booth.
A shining illustration of Daikin's proximity approach is the company's investments in European production capacity. Daikin has always made an effort to produce its products as close to the target markets as is practical. Being fully present on a local level includes having 13 production sites, 90 offices, 3,000 employees working for you every day, and 61 training facilities around Europe.
Within 200 kilometers, there are training facilities all around Europe. This demonstrates that they are also close to their installers.For this reason, Daikin offers the Stand by Me - Certified Partner network: a new support and advice program that expands on history of a robust network of highly qualified installers and technicians across all of Europe.
The Europe heat pump market is being decarbonized by more and more European Union member states. From 2010 through 2020, the hydronic heat pump industry expanded steadily. The existing heat pump market exploded to 1.6 million heat pumps in 2022 as a result of the Green Deal's implementation and the REPowerEU plan's influence, and will continue to grow to 3.5 million as the shift away from gas continues.
Daikin anticipates that the European heating market will increase to 14 million by 2030, of which 10 million will be hydronic heat pumps, along with the anticipated rise in replacement rates. This indicates that heat pumps will make up seven out of ten heating systems. Right now, two out of ten. Daikin Europe anticipates a market of 14 million heating systems by 2030, with 10 million of those being hydronic heat pumps.
Daikin installed 1.2 million hydronic heat pumps in Europe since 2006 and is more than prepared to meet the rising demand as an early user of heat pump technology and a pioneer in promoting heat pumps as a sustainable option
Mitigating climate change with district heating innovation. The controversy over CO2 emissions continues to boil in nations all over the world. Numerous nations reiterated their commitment to lowering their pollution levels using all available measures during COP26 in Glasgow, UK.
District heating systems are quickly emerging as a go-to solution to address CO2 release beyond just a home or a business to an entire locality, in addition to the significant environmental commitments made by food processing and other influential industries that are accountable for a large portion of harmful emissions.
Although heat pumps are nothing new, their significance in the fight against CO2 emissions has grown as a result of the fast expansion in the usage of renewable energy. A revolution might be on the horizon if this extremely effective technology of heat conversion is combined with efforts to create district heating systems for residential and public structures.
The technology is in place for a truly "green" community heating solution when you combine this with the rising usage of natural refrigerants like ammonia.
The idea is realised to its fullest potential with a contemporary, effective district heating system that uses heat pumps powered by ammonia. Such a solution has the capacity to create heat from a variety of sources, like the air, the ground, a factory, a subway system, or a water treatment plant, to mention a few, with a little input of (preferably renewable) power.
This may then be heated to up to 95 °C to immediately provide the neighbourhood with hot water, heating, or both. Although this is not a must, the system performs best in regions with a high population density and makes the most financial sense when deployed during the early development of an area or during significant infrastructure projects.
For instance, four GEA 10 MW heat pumps have been placed next to a waste incinerator and a sewage treatment facility in Malmö, a city in southern Sweden. They currently supply 8% of the energy requirements of around 100,000 houses, saving close to 50,000 tonnes of CO2 annually.
Technology from GEA and the significance of ammonia. A significant development in the field of district heating technology is the use of ammonia.
Even though fluorinated (F-) gases are being phased out across Europe, many older systems still utilise them for refrigeration. Ammonia, in contrast to F-gases, is climate-friendly, readily accessible, affordable, and has no effect on global warming. GEA has been at the forefront of the development of this technology.
After researching and perfecting the process, GEA's engineers deployed the technology in ways that actually matter in terms of providing better service to local communities and significantly lowering the amount of CO2 emitted by utilities.
To broaden its offering of heat pumps and maintain its lead in the Europe heat pump market, GEA innovates continuously. An order for a 22 MW heat pump in Eastern Europe that features revolutionary high-pressure screw compressor, and soon to be announcing even more developments in this ground-breaking technology.
The massive Marienlyst ice rink in Drammen, Norway, offers a competition-standard skating surface in the winter, as well as a 400-metre race circuit and a full-size soccer pitch in the summer. The heat extracted during producing the ice is increased by GEA heat pumps and then utilised to heat the nearby town.
When summer arrives, the temperature under the pitch rises, and the heat pump operates as a ground source heat pump to supply carbon-neutral hot water to the residences.
Meanwhile, GEA has delivered a 10 MW district heating system in Turku, Finland, that uses leftover heat from a combined heat and power plant. The ammonia heat pumps raise the temperature from roughly 25 degrees Celsius to 85 degrees Celsius in order to service the city's 190,000 people via the residential heating grid.
Again, with the exception of a minor increase in electrical power, which is increasingly sourced from renewable sources, the entire process is carbon neutral.
In the London Borough of Islington, Bunhill Heat and Power Network (BHPN) provides heating and hot water to about 1350 houses, a school, and two recreation centres using waste heat from the London Underground that is enhanced by GEA heat pumps.
The Borough's goal to become carbon neutral by 2030 has been recognised as being significantly aided by this.These are only a few instances of the painstaking work GEA engineers perform on a daily basis around the whole world to make district heating systems more effective using GEA's ammonia-powered heat pumps.
Europe Heat Pump Market can be segmented into following categories for further analysis
Here is a list of some of the leading companies in the Europe Heat Pump Market:
| Sl. No | Topic |
| 1 | Market Segmentation |
| 2 | Scope |
| 3 | Research Methodology |
| 4 | Executive Summary |
| 5 | Overview of R&D activities in the heat pump industry |
| 6 | Emerging technologies and innovations |
| 7 | Investments and collaborations in European Heat Pump Market |
| 8 | European Union regulations and directives related to heat pumps |
| 9 | Energy efficiency standards and labeling requirements |
| 10 | Overview of government incentives and subsidies for heat pumps |
| 11 | Impact of incentives on market growth |
| 12 | Average B2B Heat Pump price, by OEM |
| 13 | Average B2C Heat Pump price, by OEM |
| 14 | Latest Innovation In Heat Pump Market and future implications |
| 15 | Overview of refrigerant types used in heat pumps |
| 16 | Environmental impact and regulations on refrigerants |
| 17 | Market Size, Dynamics And Forecast By Geography, 2024-2030 |
| 18 | Market Size, Dynamics And Forecast By Application, 2024-2030 |
| 19 | Market Size, Dynamics And Forecast By Technology Type 2024-2030 |
| 20 | Market Size, Dynamics And Forecast By Power Output 2024-2030 |
| 21 | Market Size, Dynamics And Forecast By Installations, 2024-2030 |
| 22 | Competitive Landscape of Europe Heat Pump Market |
| 23 | Market share of Heat Pump Market 2023 |
| 24 | Recent M&A in the industry |
| 25 | Growth strategy of major suppliers |
| 26 | Company Profiles |
| 27 | Conclusion |
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