3 REGIONAL – 3.1 EUROPE

Heating equipment is a household necessity in Europe. Europe is accelerating the pace of decarbonization, and continues to increase nuclear power generation along with the use of renewable energy. Governments have adopted policies to give high subsidies to heat pump products in order to eliminate fossil fuel dependency. The ATW heat pump market is growing at a brisk pace, driven by national policies.
JARN estimates that the ATW heat pump market in Europe increased by 46.1% year on year in 2021, reaching 1.09 million units.
There are many countries in Europe, and the heating culture differs from one country to another. Manufacturers in Asia are carefully cultivating the heat pump market in Europe, providing suitable ATW heat pumps for each European area. As a result, the European ATW heat pump market has experienced unprecedented prosperity.