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Europe Heat Pump Market Size By Product (Air Source, Ground Source, Water Source), By Application (Residential, Commercial, Industrial), Industry Analysis Report, Country Outlook, Competitive Market Share & Forecast, 2020 - 2026


The Europe heat pump market is forecast to witness a period of lucrative growth over the coming years owing to a growing demand from countries like Austria, Norway, Finland, and Italy among others. In climates with cooling and heating needs that are relatively moderate, these systems are an energy-efficient substitute to air conditioners and furnaces. A heat pump essentially utilizes electricity to transfer heat to a warm space from a cool space, effectively making the warm space warmer and the cool space cooler. 

Heat pumps are significantly more efficient when it comes to temperature control of a space. In fact. much less electricity is utilized in pumping heat into or out of a space than it is to effectively convert a cold space into a much more amiable warm space using electricity alone. During summers, this cycle can effectively be reversed so that the unit acts as an air conditioner rather than a heater.

Consequently, heat pumps are considered the most efficient substitute for oil, fuel, and electric temperature control systems. While gas-powered furnaces, which are rated approximately 98% efficient, can relatively do good job, they cannot be used as a long term heating and cooling solution through the carbon footprint aspect. On the other hand, heat pumps can supply more cooling and heating capacity than the electricity they consume to run. In fact, a properly designed as well as installed heat pump can obtain over 300% efficiency on a regular basis.

The overall Europe heat pump market is classified into different segments on the basis of product, application, and regional landscape.

From a regional perspective, Europe is quickly becoming a remunerative growth avenue for the heat pump industry. Even in countries like the UK, where adoption of heat pumps has been slower than other parts of Europe, demand for heat pumps is gradually increasing owing to the introduction of favorable government initiatives that make transition to more greener living affordable and smooth.

In Norway, the Europe heat pump market is expected to witness a favorable growth opportunity over the coming years. Rapidly increasing adoption of sustainable heating technologies coupled with the growing need for space heating systems will fuel the adoption of heat pumps across the country.

In Denmark, increasing government efforts towards curbing the nation's CO2 emissions have significantly raised the amount of funding toward the deployment of renewable heating systems. This emerging trend is expected to create a much more aggregable growth environment for the industry across the country.

The Italy heat pump market is anticipated to record momentous revenue growth over the coming years. Regulators in the region have implemented a number of favorable policies including tax credits, renewable heat incentives, financial assistance and subsidies to promote the adoption of heat pump units, which will  stimulate the business growth.
Report Content
Chapter 1   Methodology & Scope
1.1    Methodology
1.2    Market definitions
1.3    Market estimates & forecast parameters
1.3.1    COVID - 19 impact on market outlook
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   Executive Summary
2.1    Europe heat pump market 360 degree synopsis, 2015 - 2026
2.1.1    Business trends
2.1.2    Product trends
2.1.3    Application trends
2.1.4    Country trends
Chapter 3   Europe Heat Pump Industry Insights
3.1    Industry segmentation
3.2    Industry Ecosystem
3.2.1    Vendor matrix
3.3    Regulatory landscape
3.3.1    Heat Pumps and EU targets
3.3.2    Key Laws
3.3.3    Energy Efficiency Plan 2011
3.3.4    Germany
3.3.4.1    German Energy Saving Ordinance (EnEV)
3.3.4.2    Energy Concept - The Energy Strategy
3.3.5    UK
3.3.5.1    The Renewable Heat Incentive Scheme Regulations
3.3.5.2    The UK's National Energy Efficiency Action Plan
3.3.5.3    CRC Energy Efficiency Schemes
3.3.6    Ireland
3.3.6.1    The Heat Pump Association of Ireland
3.4    COVID 19 Impact on industry outlook, 2020-2026
3.4.1    Top 10 countries impacted by COVID- 19
3.4.2    Optimistic View
3.4.3    Realistic View
3.4.4    Pessimistic View
3.5    Innovation & sustainability
3.5.1    Modine
3.5.2    Danfoss
3.5.3    Stiebel Eltron
3.5.4    Dimplex
3.5.5    Viessmann
3.5.6    Daikin
3.5.7    Vaillant
3.5.8    Finn Geotherm
3.6    Industry impact forces
3.6.1    Growth drivers
3.6.1.1    Positive outlook toward renewable sector
3.6.1.2    Surging demand for space heating
3.6.1.3    Increasing demand for energy-efficient systems
3.6.2    Industry pitfall & challenges
3.6.2.1    High upfront cost
3.7    Growth potential analysis
3.8    Porter's analysis
3.8.1    Bargaining power of suppliers
3.8.2    Bargaining power of buyers
3.8.3    Threat of new entrants
3.8.4    Threat of substitutes
3.9    Competitive landscape, 2019
3.9.1    Strategy dashboard
3.9.1.1    Daikin
3.9.1.2    Mitsubishi Electric
3.9.1.2.1    Acquisition
3.9.1.2.2    Other Initiatives
3.9.1.3    Danfoss
3.9.1.3.1    Acquisition, Collaboration and Strategic Partnership
3.9.1.3.2    Other initiatives
3.9.1.4    Carrier Corporation
3.9.1.4.1    Participation
3.9.1.5    Bosch Thermotechnology
3.9.1.6    Modine
3.9.1.6.1    Acquisition
3.9.1.7    Glen Dimplex
3.9.1.7.1    Acquisition
3.10    PESTEL analysis
Chapter 4   Europe Heat Pump Market, By Product
4.1    Europe heat pump market share by product, 2019 & 2026
4.2    Air source
4.2.1    Europe market from air source, 2015 - 2026
4.2.2    Europe market from air source, by country, 2015 - 2026
4.3    Ground source
4.3.1    Europe market from ground source, 2015 - 2026
4.3.2    Europe market from ground source, by country, 2015 - 2026
4.4    Water source
4.4.1    Europe market from water source, 2015 - 2026
4.4.2    Europe market from water source, by country, 2015 - 2026
Chapter 5   Europe Heat Pump Market, By Application
5.1    Europe heat pump market share by application, 2019 & 2026
5.2    Residential
5.2.1    Europe market from residential, 2015 - 2026
5.2.2    Europe market from residential, by country, 2015 - 2026
5.3    Commercial
5.3.1    Europe market from commercial, 2015 - 2026
5.3.2    Europe market from commercial, by country, 2015 - 2026
5.4    Industrial
5.4.1    Europe market from industrial, 2015 - 2026
5.4.2    Europe market from industrial, by country, 2015 - 2026
Chapter 6   Europe Heat Pump Market, By Country
6.1    Europe heat pump market share by country, 2019 & 2026
6.2    Austria
6.2.1    Austria market, 2015 - 2026
6.2.2    Austria market, by product, 2015 - 2026
6.2.3    Austria market, by application, 2015 - 2026
6.3    Norway
6.3.1    Norway market, 2015 - 2026
6.3.2    Norway market, by product, 2015 - 2026
6.3.3    Norway market, by application, 2015 - 2026
6.4    Denmark
6.4.1    Denmark market, 2015 - 2026
6.4.2    Denmark market, by product, 2015 - 2026
6.4.3    Denmark market, by application, 2015 - 2026
6.5    Finland
6.5.1    Finland market, 2015 - 2026
6.5.2    Finland market, by product, 2015 - 2026
6.5.3    Finland market, by application, 2015 - 2026
6.6    France
6.6.1    France market, 2015 - 2026
6.6.2    France market, by product, 2015 - 2026
6.6.3    France market, by application, 2015 - 2026
6.7    Germany
6.7.1    Germany market, 2015 - 2026
6.7.2    Germany market, by product, 2015 - 2026
6.7.3    Germany market, by application, 2015 - 2026
6.8    Italy
6.8.1    Italy market, 2015 - 2026
6.8.2    Italy market, by product, 2015 - 2026
6.8.3    Italy market, by application, 2015 - 2026
6.9    Switzerland
6.9.1    Switzerland market, 2015 - 2026
6.9.2    Switzerland market, by product, 2015 - 2026
6.9.3    Switzerland market, by application, 2015 - 2026
6.10    Spain
6.10.1    Spain market, 2015 - 2026
6.10.2    Spain market, by product, 2015 - 2026
6.10.3    Spain market, by application, 2015 - 2026
6.11    Sweden
6.11.1    Sweden market, 2015 - 2026
6.11.2    Sweden market, by product, 2015 - 2026
6.11.3    Sweden market, by application, 2015 - 2026
6.12    UK
6.12.1    UK market, 2015 - 2026
6.12.2    UK market, by product, 2015 - 2026
6.12.3    UK market, by application, 2015 - 2026
6.13    Netherland
6.13.1    Netherland market, 2015 - 2026
6.13.2    Netherland market, by product, 2015 - 2026
6.13.3    Netherland market, by application, 2015 - 2026
Chapter 7   Company Profiles
7.1    Bosch Thermotechnology
7.1.1    Business Overview
7.1.2    Financial Data
7.1.3    Product Landscape
7.1.4    Strategic Outlook
7.1.5    SWOT Analysis
7.2    Glen Dimplex
7.2.1    Business Overview
7.2.2    Financial Data
7.2.3    Product Landscape
7.2.4    SWOT Analysis
7.3    Stiebel Eltron GmbH & Co.
7.3.1    Business Overview
7.3.2    Financial Data
7.3.3    Product Landscape
7.3.4    Strategic Outlook
7.3.5    SWOT Analysis
7.4    Vaillant Group
7.4.1    Business Overview
7.4.2    Financial Data
7.4.3    Product Landscape
7.4.4    Strategic Outlook
7.4.5    SWOT Analysis
7.5    Carrier Global Corporation
7.5.1    Business Overview
7.5.2    Financial Data
7.5.3    Product Landscape
7.5.4    Strategic Outlook
7.5.5    SWOT Analysis
7.6    Thermic Energy RZ GmbH
7.6.1    Business Overview
7.6.2    Financial Data
7.6.3    Product Landscape
7.6.4    Strategic Outlook
7.6.5    SWOT Analysis
7.7    Solarbayer GmbH
7.7.1    Business Overview
7.7.2    Financial Data
7.7.3    Product Landscape
7.7.4    SWOT Analysis
7.8    Finn Geotherm UK Limited
7.8.1    Business Overview
7.8.2    Financial Data
7.8.3    Product Landscape
7.8.4    SWOT Analysis
7.9    Wolf GmbH
7.9.1    Business Overview
7.9.2    Financial Data
7.9.3    Product Landscape
7.9.4    SWOT Analysis
7.10    Danfoss
7.10.1    Business Overview
7.10.2    Financial Data
7.10.3    Product Landscape
7.10.4    Strategic Outlook
7.11    Viessmann
7.11.1    Business Overview
7.11.2    Financial Data
7.11.3    Product Landscape
7.11.4    Strategic Outlook
7.11.5    SWOT Analysis
7.12    Daikin
7.12.1    Business Overview
7.12.2    Financial Data
7.12.3    Product Landscape
7.12.4    Strategic Outlook
7.12.5    SWOT Analysis
7.13    MODINE Manufacturing Company
7.13.1    Business Overview
7.13.2    Financial Data
7.13.3    Product Landscape
7.13.4    Strategic Outlook
7.13.5    SWOT Analysis
7.14    Mitsubishi Electric Corporation
7.14.1    Business Overview
7.14.2    Financial Data
7.14.3    Product Landscape
7.14.4    Strategic Outlook
7.14.5    SWOT Analysis

Data Tables TABLE 1 Europe market, 2015 - 2019 (Volume & Revenue) TABLE 2 Europe market, 2020 - 2026 (Volume & Revenue) TABLE 3 Europe market, by product, 2015 - 2019 (‘000 Units) TABLE 4 Europe market, by product 2020 - 2026 (‘000 Units) TABLE 5 Europe market, by product, 2015 - 2019 (USD Million) TABLE 6 Europe market, by product 2020 - 2026 (USD Million) TABLE 7 Europe market, by application, 2015 - 2019 (‘000 Units) TABLE 8 Europe market, by application 2020 - 2026 (‘000 Units) TABLE 9 Europe market, by application, 2015 - 2019 (USD Million) TABLE 10 Europe market, by application 2020 - 2026 (USD Million) TABLE 11 Europe market by country, 2015 - 2019 (‘000 Units) TABLE 12 Europe market by country, 2020 - 2026 (‘000 Units) TABLE 13 Europe market by country, 2015 - 2019 (USD Million) TABLE 14 Europe market by country, 2020 - 2026 (USD Million) TABLE 15 Industry impact forces TABLE 16 Europe market from air source, 2015 - 2019 (Volume & Revenue) TABLE 17 Europe market from air source, 2020 - 2026 (Volume & Revenue) TABLE 18 Europe market from air source, by country, 2015 - 2019 (‘000 Units) TABLE 19 Europe market from air source, by country, 2020 - 2026 (‘000 Units) TABLE 20 Europe market from air source, by country, 2015 - 2019 (USD Million) TABLE 21 Europe market from air source, by country, 2020 - 2026 (USD Million) TABLE 22 Europe market from ground source, 2015 - 2019 (Volume & Revenue) TABLE 23 Europe market from ground source, 2020 - 2026 (Volume & Revenue) TABLE 24 Europe market from ground source, by country, 2015 - 2019 (‘000 Units) TABLE 25 Europe market from ground source, by country, 2020 - 2026 (‘000 Units) TABLE 26 Europe market from ground source, by country, 2015 - 2019 (USD Million) TABLE 27 Europe market from ground source, by country, 2020 - 2026 (USD Million) TABLE 28 Europe market from water source, 2015 - 2019 (Volume & Revenue) TABLE 29 Europe market from water source, 2020 - 2026 (Volume & Revenue) TABLE 30 Europe market from water source, by country, 2015 - 2019 (‘000 Units) TABLE 31 Europe market from water source, by country, 2020 - 2026 (‘000 Units) TABLE 32 Europe market from water source, by country, 2015 - 2019 (USD Million) TABLE 33 Europe market from water source, by country, 2020 - 2026 (USD Million) TABLE 34 Europe market from residential, 2015 - 2019 (Volume & Revenue) TABLE 35 Europe market from residential, 2020 - 2026 (Volume & Revenue) TABLE 36 Europe market from residential, by country, 2015 - 2019 (‘000 Units) TABLE 37 Europe market from residential, by country, 2020 - 2026 (‘000 Units) TABLE 38 Europe market from residential, by country, 2015 - 2019 (USD Million) TABLE 39 Europe market from residential, by country, 2020 - 2026 (USD Million) TABLE 40 Europe market from commercial, 2015 - 2019 (Volume & Revenue) TABLE 41 Europe market from commercial, 2020 - 2026 (Volume & Revenue) TABLE 42 Europe market from commercial, by country, 2015 - 2019 (‘000 Units) TABLE 43 Europe market from commercial, by country, 2020 - 2026 (‘000 Units) TABLE 44 Europe market from commercial, by country, 2015 - 2019 (USD Million) TABLE 45 Europe market from commercial, by country, 2020 - 2026 (USD Million) TABLE 46 Europe market from industrial, 2015 - 2019 (Volume & Revenue) TABLE 47 Europe market from industrial, 2020 - 2026 (Volume & Revenue) TABLE 48 Europe market from industrial, by country, 2015 - 2019 (‘000 Units) TABLE 49 Europe market from industrial, by country, 2020 - 2026 (‘000 Units) TABLE 50 Europe market from industrial, by country, 2015 - 2019 (USD Million) TABLE 51 Europe market from industrial, by country, 2020 - 2026 (USD Million) TABLE 52 Austria market, 2015 - 2019 (Volume & Revenue) TABLE 53 Austria market, 2020 - 2026 (Volume & Revenue) TABLE 54 Austria market, by product, 2015 - 2019 (‘000 Units) TABLE 55 Austria market, by product, 2020 - 2026 (‘000 Units) TABLE 56 Austria market, by product, 2015 - 2019 (USD Million) TABLE 57 Austria market, by product, 2020 - 2026 (USD Million) TABLE 58 Austria market, by application, 2015 - 2019 (‘000 Units) TABLE 59 Austria market, by application, 2020 - 2026 (‘000 Units) TABLE 60 Austria market, by application, 2015 - 2019 (USD Million) TABLE 61 Austria market, by application, 2020 - 2026 (USD Million) TABLE 62 Norway market, 2015 - 2019 (Volume & Revenue) TABLE 63 Norway market, 2020 - 2026 (Volume & Revenue) TABLE 64 Norway market, by product, 2015 - 2019 (‘000 Units) TABLE 65 Norway market, by product, 2020 - 2026 (‘000 Units) TABLE 66 Norway market, by product, 2015 - 2019 (USD Million) TABLE 67 Norway market, by product, 2020 - 2026 (USD Million) TABLE 68 Norway market, by application, 2015 - 2019 (‘000 Units) TABLE 69 Norway market, by application, 2020 - 2026 (‘000 Units) TABLE 70 Norway market, by application, 2015 - 2019 (USD Million) TABLE 71 Norway market, by application, 2020 - 2026 (USD Million) TABLE 72 Denmark market, 2015 - 2019 (Volume & Revenue) TABLE 73 Denmark market, 2020 - 2026 (Volume & Revenue) TABLE 74 Denmark market, by product, 2015 - 2019 (‘000 Units) TABLE 75 Denmark market, by product, 2020 - 2026 (‘000 Units) TABLE 76 Denmark market, by product, 2015 - 2019 (USD Million) TABLE 77 Denmark market, by product, 2020 - 2026 (USD Million) TABLE 78 Denmark market, by application, 2015 - 2019 (‘000 Units) TABLE 79 Denmark market, by application, 2020 - 2026 (‘000 Units) TABLE 80 Denmark market, by application, 2015 - 2019 (USD Million) TABLE 81 Denmark market, by application, 2020 - 2026 (USD Million) TABLE 82 Finland market, 2015 - 2019 (Volume & Revenue) TABLE 83 Finland market, 2020 - 2026 (Volume & Revenue) TABLE 84 Finland market, by product, 2015 - 2019 (‘000 Units) TABLE 85 Finland market, by product, 2020 - 2026 (‘000 Units) TABLE 86 Finland market, by product, 2015 - 2019 (USD Million) TABLE 87 Finland market, by product, 2020 - 2026 (USD Million) TABLE 88 Finland market, by application, 2015 - 2019 (‘000 Units) TABLE 89 Finland market, by application, 2020 - 2026 (‘000 Units) TABLE 90 Finland market, by application, 2015 - 2019 (USD Million) TABLE 91 Finland market, by application, 2020 - 2026 (USD Million) TABLE 92 France market, 2015 - 2019 (Volume & Revenue) TABLE 93 France market, 2020 - 2026 (Volume & Revenue) TABLE 94 France market, by product, 2015 - 2019 (‘000 Units) TABLE 95 France market, by product, 2020 - 2026 (‘000 Units) TABLE 96 France market, by product, 2015 - 2019 (USD Million) TABLE 97 France market, by product, 2020 - 2026 (USD Million) TABLE 98 France market, by application, 2015 - 2019 (‘000 Units) TABLE 99 France market, by application, 2020 - 2026 (‘000 Units) TABLE 100 France market, by application, 2015 - 2019 (USD Million) TABLE 101 France market, by application, 2020 - 2026 (USD Million) TABLE 102 Germany market, 2015 - 2019 (Volume & Revenue) TABLE 103 Germany market, 2020 - 2026 (Volume & Revenue) TABLE 104 Germany market, by product, 2015 - 2019 (‘000 Units) TABLE 105 Germany market, by product, 2020 - 2026 (‘000 Units) TABLE 106 Germany market, by product, 2015 - 2019 (USD Million) TABLE 107 Germany market, by product, 2020 - 2026 (USD Million) TABLE 108 Germany market, by application, 2015 - 2019 (‘000 Units) TABLE 109 Germany market, by application, 2020 - 2026 (‘000 Units) TABLE 110 Germany market, by application, 2015 - 2019 (USD Million) TABLE 111 Germany market, by application, 2020 - 2026 (USD Million) TABLE 112 Italy market, 2015 - 2019 (Volume & Revenue) TABLE 113 Italy market, 2020 - 2026 (Volume & Revenue) TABLE 114 Italy market, by product, 2015 - 2019 (‘000 Units) TABLE 115 Italy market, by product, 2020 - 2026 (‘000 Units) TABLE 116 Italy market, by product, 2015 - 2019 (USD Million) TABLE 117 Italy market, by product, 2020 - 2026 (USD Million) TABLE 118 Italy market, by application, 2015 - 2019 (‘000 Units) TABLE 119 Italy market, by application, 2020 - 2026 (‘000 Units) TABLE 120 Italy market, by application, 2015 - 2019 (USD Million) TABLE 121 Italy market, by application, 2020 - 2026 (USD Million) TABLE 122 Switzerland market, 2015 - 2019 (Volume & Revenue) TABLE 123 Switzerland market, 2020 - 2026 (Volume & Revenue) TABLE 124 Switzerland market, by product, 2015 - 2019 (‘000 Units) TABLE 125 Switzerland market, by product, 2020 - 2026 (‘000 Units) TABLE 126 Switzerland market, by product, 2015 - 2019 (USD Million) TABLE 127 Switzerland market, by product, 2020 - 2026 (USD Million) TABLE 128 Switzerland market, by application, 2015 - 2019 (‘000 Units) TABLE 129 Switzerland market, by application, 2020 - 2026 (‘000 Units) TABLE 130 Switzerland market, by application, 2015 - 2019 (USD Million) TABLE 131 Switzerland market, by application, 2020 - 2026 (USD Million) TABLE 132 Spain market, 2015 - 2019 (Volume & Revenue) TABLE 133 Spain market, 2020 - 2026 (Volume & Revenue) TABLE 134 Spain market, by product, 2015 - 2019 (‘000 Units) TABLE 135 Spain market, by product, 2020 - 2026 (‘000 Units) TABLE 136 Spain market, by product, 2015 - 2019 (USD Million) TABLE 137 Spain market, by product, 2020 - 2026 (USD Million) TABLE 138 Spain market, by application, 2015 - 2019 (‘000 Units) TABLE 139 Spain market, by application, 2020 - 2026 (‘000 Units) TABLE 140 Spain market, by application, 2015 - 2019 (USD Million) TABLE 141 Spain market, by application, 2020 - 2026 (USD Million) TABLE 142 Sweden market, 2015 - 2019 (Volume & Revenue) TABLE 143 Sweden market, 2020 - 2026 (Volume & Revenue) TABLE 144 Sweden market, by product, 2015 - 2019 (‘000 Units) TABLE 145 Sweden market, by product, 2020 - 2026 (‘000 Units) TABLE 146 Sweden market, by product, 2015 - 2019 (USD Million) TABLE 147 Sweden market, by product, 2020 - 2026 (USD Million) TABLE 148 Sweden market, by application, 2015 - 2019 (‘000 Units) TABLE 149 Sweden market, by application, 2020 - 2026 (‘000 Units) TABLE 150 Sweden market, by application, 2015 - 2019 (USD Million) TABLE 151 Sweden market, by application, 2020 - 2026 (USD Million) TABLE 152 UK market, 2015 - 2019 (Volume & Revenue) TABLE 153 UK market, 2020 - 2026 (Volume & Revenue) TABLE 154 UK market, by product, 2015 - 2019 (‘000 Units) TABLE 155 UK market, by product, 2020 - 2026 (‘000 Units) TABLE 156 UK market, by product, 2015 - 2019 (USD Million) TABLE 157 UK market, by product, 2020 - 2026 (USD Million) TABLE 158 UK market, by application, 2015 - 2019 (‘000 Units) TABLE 159 UK market, by application, 2020 - 2026 (‘000 Units) TABLE 160 UK market, by application, 2015 - 2019 (USD Million) TABLE 161 UK market, by application, 2020 - 2026 (USD Million) TABLE 162 Netherland market, 2015 - 2019 (Volume & Revenue) TABLE 163 Netherland market, 2020 - 2026 (Volume & Revenue) TABLE 164 Netherland market, by product, 2015 - 2019 (‘000 Units) TABLE 165 Netherland market, by product, 2020 - 2026 (‘000 Units) TABLE 166 Netherland market, by product, 2015 - 2019 (USD Million) TABLE 167 Netherland market, by product, 2020 - 2026 (USD Million) TABLE 168 Netherland market, by application, 2015 - 2019 (‘000 Units) TABLE 169 Netherland market, by application, 2020 - 2026 (‘000 Units) TABLE 170 Netherland market, by application, 2015 - 2019 (USD Million) TABLE 171 Netherland market, by application, 2020 - 2026 (USD Million) Charts & Figures FIG. 1 Europe heat pump market 360 degree synopsis, 2015 - 2026 FIG. 2 Industry segmentation FIG. 3 Industry ecosystem analysis FIG. 4 Germany heating & cooling demand, by source, (2018) FIG. 5 Europe energy consumption by sector, 2018 (% of total based on tonnes of oil equivalent) FIG. 6 Growth potential analysis FIG. 7 Porter's analysis FIG. 8 PESTEL analysis FIG. 9 Europe heat pump market revenue share by product, 2019 & 2026 FIG. 10 Europe heat pump market revenue share by application, 2019 & 2026 FIG. 11 Europe heat pump market revenue share by country, 2019 & 2026 FIG. 12 SWOT Analysis, Bosch Thermotechnology FIG. 13 SWOT Analysis, Glen Dimplex FIG. 14 SWOT Analysis, Stiebel Eltron GmbH & Co. FIG. 15 SWOT Analysis, Vaillant Group FIG. 16 SWOT Analysis, Carrier Global Corporation FIG. 17 SWOT Analysis, Thermic Energy RZ GmbH FIG. 18 SWOT Analysis, Solarbayer GmbH FIG. 19 SWOT Analysis, Finn Geotherm UK Limited FIG. 20 SWOT Analysis, Wolf GmbH FIG. 21 SWOT Analysis, Danfoss FIG. 22 SWOT Analysis, Viessmann FIG. 23 SWOT Analysis, Daikin FIG. 24 SWOT Analysis, Modine Manufacturing Company FIG. 25 SWOT Analysis, Mitsubishi Electric Corporation

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