World ATW Heat Pump Market – 2024 Update – 1 OVERVIEW

JARN’s database shows that the global air-to-water (ATW) heat pump market in 2023 increased slightly by 0.2% year on year, reaching 4.96 million units.
In 2023, the ATW heat pump industry, a sunrise sector, encountered an unprecedented policy vortex in Europe, and that market experienced its first major setback. With the exception of double-digit negative growth in Europe, the global market has continued to grow. Among markets, China, the largest market, continues to maintain stable growth, helping global ATW heat pump sales to maintain a marginal increase in 2023.