World ATW Heat Pump Market – 2021 Update - 1 OVERVIEW

In 2020, air-to-water (ATW) heat pump manufacturers were affected to a varying extent by plant closures and supply chain disruptions due to the impact of the COVID-19 pandemic.

Heat pump manufacturing outputs quickly returned to pre-pandemic levels in China, Europe, and Japan, which are major markets and production bases. Thanks to subsidy policies for renewable energy, the major ATW heat pump markets have continued to maintain growth except in China.