World ATW Heat Pump Market – 2020 Update 1 OVERVIEW

Thanks to subsidy policies for renewable energy, the global air-to-water (ATW) heat pump market has continued to maintain rapid growth. In 2019, the global ATW heat pump demand, including China, reached 3.42 million units, rising by 25.8% year on year. The major markets are concentrated in China, Europe, and Japan, accounting for 62.8%, 18.1%, and 14.9% of the global market respectively.