Europe Industrial Heat Pump Market Size By Product, By Capacity, By Temperature, By Application, & Forecast 2023

Description

List of Tables

Europe Industrial Heat Pump Market will experience appreciable momentum during 2023-2032 owing to the increasing deployment of heat pumps for minimizing the consumption of heating energy and delivering an energy-efficient alternative to traditional space heating systems.

Heat pumps are one of the well-known technologies widely used for heating and cooling applications. These mechanical devices transmit heat by removing low-grade heat from a source and upgrading it to deliver it at a high temperature. Their wide application in residential and industrial sectors will assist the market growth in the future.

Overall, the Europe industrial heat pump industry is segmented in terms of product, capacity, temperature, application, and country.

Based on the product, the air source heat pump segment will gain significant prominence by 2032. Low carbon footprint, low maintenance, and high seasonal coefficient of performance, among others, are some of the key factors driving the deployment of industrial air source heat pumps. In addition, benefits such as energy-savings and safe and environmentally friendly operations will lead to segment growth.

By capacity, the ≤ 50 kW segment will show lucrative growth during the estimated timeframe. Increasing concerns regarding reducing GHG emissions from the heating and industrial sector will surge the demand for clean and energy-efficient technologies, thus positively augmenting product adoption across the region.

Considering the temperature, the 150°C - 200°C segment will garner profitable returns across the overall market during the estimated timeframe. Constant expansion of high-temperature industrial processes in various industries such as food & beverage, iron and steel, chemical, and paper, among others, is anticipated to drive the demand for over 150 °C temperature-ranging heat pumps in the coming years.

By application, the paper segment is poised to see a positive trajectory through 2032. High energy-intensive processes, including drying, boiling, and bleaching, will contribute to segment growth. Besides, product advantages such as repurposing the water heater to generate heat from operations such as drying, would lead to reduced energy consumption and greenhouse gas emission, positively influencing product deployment across the industry.

In terms of country, the Denmark industrial heat pump market contributed to over USD 18 million revenue share in 2022. Strict regulations and norms to control emissions and prevailing environmental norms to alleviate carbon emissions will increase product deployment across the country.

Product Code: 5025

Chapter 1 Methodology & Scope

1.1 Market scope & definitions
1.2 Market estimates and forecast parameters
1.3 Forecast calculations
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Europe Industrial Heat Pump Industry Insights

2.1 Industry ecosystem analysis
- 2.1.1 Vendor Matrix
2.2 Regulatory landscape
- 2.2.1 International Organization for Standardization
- 2.2.2 EU Directive 2010/75/EU, 2010
- 2.2.3 Energy efficiency directive (2012/27/EU, amended by 2018/2002/EU)
  - 2.2.3.1 Heat Pumps and EU targets
  - 2.2.3.2 Key Laws
  - 2.2.3.3 Energy Efficiency Plan 2011
  - 2.2.3.4 Horizon 2020 and Horizon Europe
  - 2.2.3.5 LIFE: Clean Energy Transition
  - 2.2.3.6 InvestEU
  - 2.2.3.7 EU renewable energy financing mechanism
- 2.2.4 EU Green Deal
  - 2.2.4.1 Germany
    - 2.2.4.1.1 German Energy Saving Ordinance (EnEV)
    - 2.2.4.1.2 Price subsidy for heat pumps
    - 2.2.4.1.3 Existing support schemes for large heat pumps
    - 2.2.4.1.4 Energy Concept - The Energy Strategy
  - 2.2.4.2 UK
    - 2.2.4.2.1 The Renewable Heat Incentive Scheme Regulations
    - 2.2.4.2.2 The UK's National Energy Efficiency Action Plan
    - 2.2.4.2.3 CRC Energy Efficiency Schemes
    - 2.2.4.2.4 Heat Pump Ready Program
  - 2.2.4.3 Finland
    - 2.2.4.3.1 Existing support schemes for large heat pumps
    - 2.2.4.3.2 Tax incentives to boost research & development efforts
    - 2.2.4.3.3 Excise duty on electricity used by heat pumps, electric boilers and data centers will decrease.
  - 2.2.4.4 Denmark
    - 2.2.4.4.1 Incentive round for electric heat pump
  - 2.2.4.5 Ireland
    - 2.2.4.5.1 The Heat Pump Association of Ireland
2.3 Industry impact forces
- 2.3.1 Growth drivers
  - 2.3.1.1 Positive outlook toward renewable sector
  - 2.3.1.2 Surging demand for space heating
- 2.3.2 Industry pitfalls & challenges
  - 2.3.2.1 High upfront cost
2.4 COVID- 19 impact on the industry outlook
- 2.4.1 Overall view
2.5 Growth potential analysis
2.6 Porter's Analysis
- 2.6.1 Bargaining power of supplier
- 2.6.2 Bargaining power of buyer
- 2.6.3 Threat of new entrant
- 2.6.4 Threat of substitutes
2.7 PESTEL Analysis

Chapter 3 Competitive Benchmarking

3.1 Innovation & sustainability landscape
- 3.1.1 GEA Group Aktiengesellschaft
- 3.1.2 PILLER Blowers & Compressors GmbH
- 3.1.3 Carrier
- 3.1.4 Other innovations
3.2 Competitive landscape, 2022
- 3.2.1 Strategy dashboard
- 3.2.2 Strategy dashboard
  - 3.2.2.1 Atlas Copco AB
    - 3.2.2.1.1 Agreement
  - 3.2.2.2 Siemens Energy
    - 3.2.2.2.1 Supply
    - 3.2.2.2.2 Agreement/Contract
  - 3.2.2.3 Daikin
    - 3.2.2.3.1 Facility expansion
    - 3.2.2.3.2 Strategic management plan
  - 3.2.2.4 Danfoss
    - 3.2.2.4.1 New business segment
    - 3.2.2.4.2 Product launch
    - 3.2.2.4.3 Acquisition
  - 3.2.2.5 MAN Energy Solutions
    - 3.2.2.5.1 Partnership/Collaboration
    - 3.2.2.5.2 Supply
  - 3.2.2.6 GEA Group Aktiengesellschaft
    - 3.2.2.6.1 Product launch
  - 3.2.2.7 Piller Blowers & Compressors GmbH
    - 3.2.2.7.1 Collaboration
  - 3.2.2.8 AGO GmbH Energie + Anlagen
    - 3.2.2.8.1 Installation/Supply
  - 3.2.2.9 Carrier Corporation
    - 3.2.2.9.1 Product launch
    - 3.2.2.9.2 Technology development
  - 3.2.2.10 Oilon Group Oy
    - 3.2.2.10.1 Plant expansion
  - 3.2.2.11 Other strategies

Chapter 4 Europe Industrial Heat Pump Market, By Product

4.1 Key product trends
4.2 Air source
- 4.2.1 Europe market from air source, 2019 - 2032
- 4.2.2 Europe market from air source, by country, 2019 - 2032
4.3 Ground source
- 4.3.1 Europe market from ground source, 2019 - 2032
- 4.3.2 Europe market from ground source, by country, 2019 - 2032
4.4 Water source
- 4.4.1 Europe market from water source, 2019 - 2032
- 4.4.2 Europe market from water source, by country, 2019 - 2032
4.5 Closed cycle mechanical heat pump
- 4.5.1 Europe market from closed cycle mechanical heat pump, 2019 - 2032
- 4.5.2 Europe market from closed cycle mechanical heat pump, by country, 2019 - 2032
4.6 Open cycle mechanical vapor compression heat pump
- 4.6.1 Europe market from open cycle mechanical vapor compression heat pump, 2019 - 2032
- 4.6.2 Europe market from open cycle mechanical vapor compression heat pump, by country, 2019 - 2032
4.7 Open cycle thermocompression heat pump
- 4.7.1 Europe market from open cycle thermocompression heat pump, 2019 - 2032
- 4.7.2 Europe market from open cycle thermocompression heat pump, by country, 2019 - 2032
4.8 Closed cycle absorption heat pump
- 4.8.1 Europe market from closed cycle absorption heat pump, 2019 - 2032
- 4.8.2 Europe market from closed cycle absorption heat pump, by country, 2019 - 2032

Chapter 5 Europe Industrial Heat Pump Market, By Capacity

5.1 Key capacity trends
5.2 ≤ 50 kW
- 5.2.1 Europe market from ≤ 50 kW, 2019 - 2032
- 5.2.2 Europe market from ≤ 50 kW, by country, 2019 - 2032
5.3 50 kW - 250 kW
- 5.3.1 Europe market from 50 kW - 250 kW, 2019 - 2032
- 5.3.2 Europe market from 50 kW - 250 kW, by country, 2019 - 2032
5.4 250 kW - 500 kW
- 5.4.1 Europe market from 250 kW - 500 kW, 2019 - 2032
- 5.4.2 Europe market from 250 kW - 500 kW, by country, 2019 - 2032
5.5 500 kW - 1 MW
- 5.5.1 Europe market from 500 kW - 1 MW, 2019 - 2032
- 5.5.2 Europe market from 500 kW - 1 MW, by country, 2019 - 2032
5.6 1 MW - 2 MW
- 5.6.1 Europe market from 1 MW - 2 MW, 2019 - 2032
- 5.6.2 Europe market from 1 MW - 2 MW, by country, 2019 - 2032
5.7 2 MW - 5 MW
- 5.7.1 Europe market from 2 MW - 5 MW, 2019 - 2032
- 5.7.2 Europe market from 2 MW - 5 MW, by country, 2019 - 2032
5.8 > 5MW
- 5.8.1 Europe market from > 5MW, 2019 - 2032
- 5.8.2 Europe market from > 5MW, by country, 2019 - 2032

Chapter 6 Europe Industrial Heat Pump Market, By Temperature

6.1 Key temperature trends
6.2 80°C - 100°C
- 6.2.1 Europe market from 80°C - 100°C, 2019 - 2032
- 6.2.2 Europe market from 80°C - 100°C, by country, 2019 - 2032
6.3 100°C - 150°C
- 6.3.1 Europe market from 100°C - 150°C, 2019 - 2032
- 6.3.2 Europe market from 100°C - 150°C, by country, 2019 - 2032
6.4 150°C - 200°C
- 6.4.1 Europe market from 150°C - 200°C, 2019 - 2032
- 6.4.2 Europe market from 150°C - 200°C, by country, 2019 - 2032
6.5 > 200°C
- 6.5.1 Europe market from > 200°C, 2019 - 2032
- 6.5.2 Europe market from > 200°C, by country, 2019 - 2032

Chapter 7 Europe Industrial Heat Pump Market, By Application

7.1 Key application trends
7.2 Industrial
- 7.2.1 Europe market from industrial, 2019 - 2032
- 7.2.2 Europe market from industrial, by country, 2019 - 2032
- 7.2.3 Paper
  - 7.2.3.1 Europe market from paper, 2019 - 2032
  - 7.2.3.2 Europe market from paper, by country, 2019 - 2032
- 7.2.4 Food & beverages
  - 7.2.4.1 Europe market from food & beverages, 2019 - 2032
  - 7.2.4.2 Europe market from food & beverages, by country, 2019 - 2032
- 7.2.5 Chemical
  - 7.2.5.1 Europe market from chemical, 2019 - 2032
  - 7.2.5.2 Europe market from chemical, by country, 2019 - 2032
- 7.2.6 Iron & steel
  - 7.2.6.1 Europe market from iron & steel, 2019 - 2032
  - 7.2.6.2 Europe market from iron & steel, by country, 2019 - 2032
- 7.2.7 Machinery
  - 7.2.7.1 Europe market from machinery, 2019 - 2032
  - 7.2.7.2 Europe market from machinery, by country, 2019 - 2032
- 7.2.8 Non-metallic minerals
  - 7.2.8.1 Europe market from non-metallic minerals, 2019 - 2032
  - 7.2.8.2 Europe market from non-metallic minerals, by country, 2019 - 2032
- 7.2.9 Others
  - 7.2.9.1 Europe market from others, 2019 - 2032
  - 7.2.9.2 Europe market from others, by country, 2019 - 2032
7.3 District heating
- 7.3.1 Europe market from district heating, 2019 - 2032
- 7.3.2 Europe market from district heating, by country, 2019 - 2032

Chapter 8 Europe Industrial Heat Pump Market, By Country

8.1 Key country trends
8.2 UK
- 8.2.1 UK market, 2019 - 2032
- 8.2.2 UK market by product, 2019 - 2032
- 8.2.3 UK market by capacity, 2019 - 2032
- 8.2.4 UK market by temperature, 2019 - 2032
- 8.2.5 UK market by application, 2019 - 2032
  - 8.2.5.1 UK market by industrial, 2019 - 2032
8.3 Norway
- 8.3.1 Norway market, 2019 - 2032
- 8.3.2 Norway market by product, 2019 - 2032
- 8.3.3 Norway market by capacity, 2019 - 2032
- 8.3.4 Norway market by temperature, 2019 - 2032
- 8.3.5 Norway market by application, 2019 - 2032
  - 8.3.5.1 Norway market by industrial, 2019 - 2032
8.4 Denmark
- 8.4.1 Denmark market, 2019 - 2032
- 8.4.2 Denmark market by product, 2019 - 2032
- 8.4.3 Denmark market by capacity, 2019 - 2032
- 8.4.4 Denmark market by temperature, 2019 - 2032
- 8.4.5 Denmark market by application, 2019 - 2032
  - 8.4.5.1 Denmark market by industrial, 2019 - 2032
8.5 Finland
- 8.5.1 Finland market, 2019 - 2032
- 8.5.2 Finland market by product, 2019 - 2032
- 8.5.3 Finland market by capacity, 2019 - 2032
- 8.5.4 Finland market by temperature, 2019 - 2032
- 8.5.5 Finland market by application, 2019 - 2032
  - 8.5.5.1 Finland market by industrial, 2019 - 2032
8.6 Sweden
- 8.6.1 Sweden market, 2019 - 2032
- 8.6.2 Sweden market by product, 2019 - 2032
- 8.6.3 Sweden market by capacity, 2019 - 2032
- 8.6.4 Sweden market by temperature, 2019 - 2032
- 8.6.5 Sweden market by application, 2019 - 2032
  - 8.6.5.1 Sweden market by industrial, 2019 - 2032
8.7 Germany
- 8.7.1 Germany market, 2019 - 2032
- 8.7.2 Germany market by product, 2019 - 2032
- 8.7.3 Germany market by capacity, 2019 - 2032
- 8.7.4 Germany market by temperature, 2019 - 2032
- 8.7.5 Germany market by application, 2019 - 2032
  - 8.7.5.1 Germany market by industrial, 2019 - 2032
8.8 Poland
- 8.8.1 Poland market, 2019 - 2032
- 8.8.2 Poland market by product, 2019 - 2032
- 8.8.3 Poland market by capacity, 2019 - 2032
- 8.8.4 Poland market by temperature, 2019 - 2032
- 8.8.5 Poland market by application, 2019 - 2032
  - 8.8.5.1 Poland market by industrial, 2019 - 2032
8.9 Spain
- 8.9.1 Spain market, 2019 - 2032
- 8.9.2 Spain market by product, 2019 - 2032
- 8.9.3 Spain market by capacity, 2019 - 2032
- 8.9.4 Spain market by temperature, 2019 - 2032
- 8.9.5 Spain market by application, 2019 - 2032
  - 8.9.5.1 Spain market by industrial, 2019 - 2032
8.10 Austria
- 8.10.1 Austria market, 2019 - 2032
- 8.10.2 Austria market by product, 2019 - 2032
- 8.10.3 Austria market by capacity, 2019 - 2032
- 8.10.4 Austria market by temperature, 2019 - 2032
- 8.10.5 Austria market by application, 2019 - 2032
  - 8.10.5.1 Austria market by industrial, 2019 - 2032

Chapter 9 Company Profiles

9.1 Piller Blowers & Compressors GmbH
- 9.1.1 Business overview
- 9.1.2 Financial data
- 9.1.3 Product landscape
- 9.1.4 Strategic outlook
- 9.1.5 SWOT analysis
9.2 MAN Energy Solutions
- 9.2.1 Business overview
- 9.2.2 Financial data
- 9.2.3 Product landscape
- 9.2.4 Strategic outlook
- 9.2.5 SWOT analysis
9.3 GEA Group Aktiengesellschaft
- 9.3.1 Business overview
- 9.3.2 Financial data
- 9.3.3 Product landscape
- 9.3.4 Strategic outlook
- 9.3.5 SWOT analysis
9.4 Atlas Copco AB
- 9.4.1 Business overview
- 9.4.2 Financial data
- 9.4.3 Product landscape
- 9.4.4 Strategic outlook
- 9.4.5 SWOT analysis
9.5 Oilon Group Oy
- 9.5.1 Business overview
- 9.5.2 Financial data
- 9.5.3 Product landscape
- 9.5.4 Strategic outlook
- 9.5.5 SWOT analysis
9.6 Siemens Energy
- 9.6.1 Business overview
- 9.6.2 Financial data
- 9.6.3 Product landscape
- 9.6.4 Strategic Outlook
- 9.6.5 SWOT analysis
9.7 HELIOTHERM Warmepumpentechnik Ges.m.b.H.
- 9.7.1 Business overview
- 9.7.2 Financial data
- 9.7.3 Product landscape
- 9.7.4 SWOT analysis
9.8 Carrier
- 9.8.1 Business overview
- 9.8.2 Financial data
- 9.8.3 Product landscape
- 9.8.4 Strategic outlook
- 9.8.5 SWOT analysis
9.9 Trane Technologies International Limited
- 9.9.1 Business overview
- 9.9.2 Financial data
- 9.9.3 Product landscape
- 9.9.4 Strategic outlook
- 9.9.5 SWOT analysis
9.10 AGO GmbH Energie + Anlagen
- 9.10.1 Business overview
- 9.10.2 Financial data
- 9.10.3 Product landscape
- 9.10.4 SWOT analysis
9.11 Thermax Limited
- 9.11.1 Business overview
- 9.11.2 Financial data
- 9.11.3 Product landscape
- 9.11.4 Strategic outlook
- 9.11.5 SWOT analysis
9.12 Daikin Applied Europe S.p.A.
- 9.12.1 Business overview
- 9.12.2 Financial data
- 9.12.3 Product landscape
- 9.12.4 Strategic outlook
- 9.12.5 SWOT analysis
9.13 Hybrid Energy AS
- 9.13.1 Business overview
- 9.13.2 Financial data
- 9.13.3 Product landscape
- 9.13.4 SWOT analysis
9.14 OCHSNER
- 9.14.1 Business overview
- 9.14.2 Financial data
- 9.14.3 Product landscape
- 9.14.4 SWOT analysis
9.15 Danfoss
- 9.15.1 Business overview
- 9.15.2 Financial data
- 9.15.3 Product landscape
- 9.15.4 Strategic outlook
- 9.15.5 SWOT analysis
9.16 Mitsubishi Electric Corporation
- 9.16.1 Business overview
- 9.16.2 Financial data
- 9.16.3 Product landscape
- 9.16.4 SWOT analysis