Europe Heat Pump Water Heater Market (2026-2032) | Companies, Growth, Outlook ,Analysis, Share, Industry, Revenue, Size, Forecast, Trends & Value

Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Type (Air Source, Geothermal), By Storage (Up to 500 L, 500“1000 L, Above 1000 L), By Capacity (Up to 10 kW, 10-20 kW, 20-30 kW, 30-100 kW, 10“150 kW, Above 150 kW) And Competitive Landscape

Product Code: ETC4611730 Publication Date: Jul 2023 Updated Date: Dec 2025 Product Type: Report
Publisher: 6Wresearch Author: Ravi Bhandari No. of Pages: 200 No. of Figures: 90 No. of Tables: 300

Europe Heat Pump Water Heater Market Size and Growth Rate

According to 6Wresearch internal database and industry insights, the Europe Heat Pump Water Heater Market was valued at approximately USD 4.2 billion in 2025 and is projected to reach nearly USD 7.1 billion by 2032, registering a compound annual growth rate (CAGR) of 11% during the forecast period (2026-2032).

Five-Year Growth Trajectory of the Europe Heat Pump Water Heater Market with Core Drivers

Below mentioned are the evaluation of year-wise growth rate along with key drivers:

Years Est. Annual Growth (%) Growth Drivers
2021 8.5 Increased focus on energy-efficient heating solutions
2022 9 Rise in consumer awareness about environmental impact
2023 9.5 Government subsidies and incentives for sustainable solutions
2024 10 Increasing energy prices and demand for cost-effective water heating
2025 10.5 High demand for residential and commercial heat pump solutions

Topics Covered in the Europe Heat Pump Water Heater Market Report

The Europe Heat Pump Water Heater Market report thoroughly covers the market by countries, type, storage, and capacity. The report provides an unbiased and detailed analysis of ongoing market trends, opportunities, high-growth areas, and market drivers, which would help stakeholders devise and align their market strategies according to the current and future market dynamics.

Europe Heat Pump Water Heater Market Highlights

Report Name Europe Heat Pump Water Heater Market
Forecast Period 2026-2032
Market Size USD 7.1 billion by 2032
CAGR 11%
Growing Sector Energy & Utilities

Europe Heat Pump Water Heater Market Synopsis

The demand for energy-efficient and sustainable heating solutions drives the Europe Heat Pump Water Heater Market. Government grants, rising energy prices, and carbon reduction targets all contribute to greater adoption of heat pumps for residential and commercial applications, helping to drive this demand. The majority of heat pumps used today are air-source heat pumps due to their low cost and simplicity of installation; however, there is growth in the use of geothermal heat pumps in certain regions of Europe. Technological advancements and increased availability and use of renewable energy technologies (solar, geothermal) are contributing to the ongoing expansion of the heat pump market.

Evaluation of Growth Drivers in the Europe Heat Pump Water Heater Market

Below mentioned are some growth drivers and their impact on market dynamics:

Drivers Primary Segments Affected Why It Matters
Energy Efficiency Policies All Sectors Encourages the adoption of heat pump water heaters as a means of reducing energy consumption.
Government Subsidies All Sectors Financial incentives make heat pump technology more affordable, especially in residential and commercial sectors.
Growing Environmental Awareness Residential & Commercial Increasing concerns about environmental sustainability drive the demand for green technologies.
High Energy Prices Residential & Commercial Rising energy costs encourage consumers to switch to energy-efficient water heating systems.
Renewable Energy Integration All Sectors Integration of heat pump systems with renewable energy sources like solar and wind for enhanced sustainability.

Europe Heat Pump Water Heater Market size is projected to grow at a CAGR of 11% during the forecast period (2026–2032). The growth of the market is being driven by increasing energy prices, which is leading consumers to seek cost-saving options. Moreover, government programs that support the installation of sustainable technologies through financial incentives and subsidies are boosting adoption rates of heat pump water heaters. There is an increasing demand for environmentally sustainable heating technologies driven by the increasing awareness of environmental issues. The growing concerns over carbon dioxide emissions and energy use efficiency in both residential and commercial buildings are resulting in rapid growth in the market.

Evaluation of Restraints in the Europe Heat Pump Water Heater Market

Below mentioned are some major restraints and their influence on market dynamics:

Restraints Primary Segments Affected What This Means
High Initial Investment Costs Residential, Commercial High upfront costs discourage adoption, particularly in residential and small-scale commercial sectors.
Limited Awareness Residential, Commercial Lack of knowledge in some regions about the benefits of heat pump water heaters slows adoption rates.
Space Constraints in Urban Areas Residential, Commercial Installation space limitations in densely populated areas hinder adoption, especially for larger units.
Technological Limitations All Segments Some heat pump systems face challenges in scalability or efficiency, particularly for small or low-demand applications.
Regulatory Hurdles All Sectors Stringent regulations in some regions delay the approval and implementation of heat pump projects.

Europe Heat Pump Water Heater Market Challenges

The Europe Heat Pump Water Heater Industry encounters several challenges, including high initial investment costs that deter potential buyers, even though long-term savings are significant. Limited consumer awareness in specific regions also hampers adoption, as many people are unaware of the benefits both financially and environmentally. Furthermore, the space requirements for heat pump systems in urban areas, where space is often limited, create barriers. These challenges prevent widespread market adoption, especially in densely populated and less informed areas.

Europe Heat Pump Water Heater Market Trends

Some major trends contributing to the development of the Europe Heat Pump Water Heater Market Growth are:

  • Mobile Smart Heat Pumps are becoming more popular with the increased use of Internet connected devices (IoT) and smart controls to help with the energy management and efficiency.
  • The growth in demand for hybrid heat pumps is driven by their ability to integrate the benefits of traditional heating methods with the energy-efficient features of heat pumps.
  • Compact/Modular Systems are becoming the preferred choice for residential applications, particularly in high-density urban settings where space limitations are an issue.
  • In Solar Energy Integration, the adoption of heat pump systems integrated with solar energy is on the rise, providing users with an opportunity to live sustainably and cut down on their monthly energy bills.

Investment Opportunities in the Europe Heat Pump Water Heater Industry

Here are some investment opportunities in the Europe Heat Pump Water Heater Market:

  • There are now increased opportunities for manufacturers of smart heat pumps because of the increased need for energy management by homeowners, as well as the ability for remote monitoring capabilities.
  • Investing in hybrid heat pump systems allows users to use multiple energy sources to create the most effective solution for heating water in different climates and areas.
  • The growth of renewable-energy-powered heating systems is expected to continue because of the increase in investment into systems that integrate solar and geothermal technologies.
  • The increase in interest in geothermal heating systems has created an avenue for growth in this area, especially in areas where geothermal energy is readily available.

Top 5 Leading Players in the Europe Heat Pump Water Heater Market

Here are some top companies contributing to the Europe Heat Pump Water Heater Market Share:

1. Vaillant Group

Company Name Vaillant Group
Established Year 1874
Headquarters Remscheid, Germany
Official Website Click Here

Vaillant Group is a leading manufacturer of energy-efficient heating solutions, including advanced heat pump water heaters for both residential and commercial use.

2. Daikin Industries

Company Name Daikin Industries
Established Year 1924
Headquarters Osaka, Japan
Official Website Click Here

Daikin Industries offers a wide range of high-performance heat pump water heaters, focusing on energy efficiency and sustainability in the European market.

3. Bosch Thermotechnology

Company Name Bosch Thermotechnology
Established Year 1886
Headquarters Worcester, UK
Official Website Click Here

Bosch Thermotechnology provides energy-efficient heat pump solutions, including water heaters for residential and commercial applications, with an emphasis on reducing environmental impact.

4. Mitsubishi Electric

Company Name Mitsubishi Electric
Established Year 1921
Headquarters Tokyo, Japan
Official Website Click Here

Mitsubishi Electric offers high-performance heat pump water heaters for the European market, focusing on environmental sustainability and energy efficiency.

5. Fujitsu General

Company Name Fujitsu General
Established Year 1936
Headquarters Tokyo, Japan
Official Website Click Here

Fujitsu General specializes in energy-efficient heat pump systems for residential, commercial, and industrial applications in Europe, with a focus on renewable energy integration.

Government Initiatives Introduced in the Europe Heat Pump Water Heater Market

The governments throughout Europe have initiated several programs to encourage implementation of energy-efficient heating solutions. For example, the Green Deal for the Europe Union aims to have Europe be the first climate neutral continent by 2050 and is thus indirectly encouraging the use of heat pumps. In Germany, there are many incentive programs being offered by the government to promote the use of energy-efficient heating systems such as the KfW Energy Efficiency Program which provides grants and low-interest loans.

Future Insights of the Europe Heat Pump Water Heater Market

The outlook for the European Heat Pump Water Heater Market is bright, diven by growing environmental consciousness, government incentives, and a growing demand for energy-efficient solutions. With energy costs on the rise, more consumers are opting for heat pump water heaters to lower their heating expenses. Subsequently, the adoption of renewable energy sources like solar and geothermal is expected to further boost market expansion, especially in eco-conscious regions.

Market Segmentation Analysis

The report offers a comprehensive study of the following market segments and their leading categories:

Germany to Dominate the Market - By Countries

According to Ritika Kalra, Senior Research Analyst, 6Wresearch, Germany currently dominates the Europe Heat Pump Water Heater Market, driven by strong government support for green technologies, a focus on energy efficiency, and significant demand in both residential and commercial sectors.

Air Source to Dominate the Market - By Type

Air-source heat pumps are the most popular choice in Europe, owing to their flexibility and cost-effectiveness in various climates, particularly in residential applications.

Up to 500 L to Dominate the Market - By Storage

Heat pump water heaters with storage up to 500 liters are the most widely used, particularly in residential buildings where hot water demand is moderate.

Up to 10 kW to Dominate the Market - By Capacity

Heat pump water heaters with a capacity of up to 10 kW dominate the market, as they are ideal for residential homes and small commercial establishments.

Key Attractiveness of the Report

  • 10 Years of Market Numbers.
  • Historical Data Starting from 2022 to 2025.
  • Base Year: 2025.
  • Forecast Data until 2032.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Europe Heat Pump Water Heater Market Outlook
  • Market Size of Europe Heat Pump Water Heater Market, 2025
  • Forecast of Europe Heat Pump Water Heater Market, 2032
  • Historical Data and Forecast of Europe Heat Pump Water Heater Revenues & Volume for the Period 2022 - 2032
  • Europe Heat Pump Water Heater Market Trend Evolution
  • Europe Heat Pump Water Heater Market Drivers and Challenges
  • Europe Heat Pump Water Heater Price Trends
  • Europe Heat Pump Water Heater Porter's Five Forces
  • Europe Heat Pump Water Heater Industry Life Cycle
  • Historical Data and Forecast of Europe Heat Pump Water Heater Market Revenues & Volume By Type for the Period 2022 - 2032
  • Historical Data and Forecast of Europe Heat Pump Water Heater Market Revenues & Volume By Air Source for the Period 2022 - 2032
  • Historical Data and Forecast of Europe Heat Pump Water Heater Market Revenues & Volume By Geothermal for the Period 2022 - 2032
  • Historical Data and Forecast of Germany Heat Pump Water Heater Market Revenues & Volume By Type for the Period 2022 - 2032
  • Historical Data and Forecast of Germany Heat Pump Water Heater Market Revenues & Volume By Air Source for the Period 2022 - 2032
  • Historical Data and Forecast of Germany Heat Pump Water Heater Market Revenues & Volume By Geothermal for the Period 2022 - 2032
  • Historical Data and Forecast of United Kingdom Heat Pump Water Heater Market Revenues & Volume By Type for the Period 2022 - 2032
  • Historical Data and Forecast of United Kingdom Heat Pump Water Heater Market Revenues & Volume By Air Source for the Period 2022 - 2032
  • Historical Data and Forecast of United Kingdom Heat Pump Water Heater Market Revenues & Volume By Geothermal for the Period 2022 - 2032
  • Historical Data and Forecast of France Heat Pump Water Heater Market Revenues & Volume By Type for the Period 2022 - 2032
  • Historical Data and Forecast of France Heat Pump Water Heater Market Revenues & Volume By Air Source for the Period 2022 - 2032
  • Historical Data and Forecast of France Heat Pump Water Heater Market Revenues & Volume By Geothermal for the Period 2022 - 2032
  • Historical Data and Forecast of Italy Heat Pump Water Heater Market Revenues & Volume By Type for the Period 2022 - 2032
  • Historical Data and Forecast of Italy Heat Pump Water Heater Market Revenues & Volume By Air Source for the Period 2022 - 2032
  • Historical Data and Forecast of Italy Heat Pump Water Heater Market Revenues & Volume By Geothermal for the Period 2022 - 2032
  • Historical Data and Forecast of Russia Heat Pump Water Heater Market Revenues & Volume By Type for the Period 2022 - 2032
  • Historical Data and Forecast of Russia Heat Pump Water Heater Market Revenues & Volume By Air Source for the Period 2022 - 2032
  • Historical Data and Forecast of Russia Heat Pump Water Heater Market Revenues & Volume By Geothermal for the Period 2022 - 2032
  • Historical Data and Forecast of Spain Heat Pump Water Heater Market Revenues & Volume By Type for the Period 2022 - 2032
  • Historical Data and Forecast of Spain Heat Pump Water Heater Market Revenues & Volume By Air Source for the Period 2022 - 2032
  • Historical Data and Forecast of Spain Heat Pump Water Heater Market Revenues & Volume By Geothermal for the Period 2022 - 2032
  • Historical Data and Forecast of Rest of Europe Heat Pump Water Heater Market Revenues & Volume By Type for the Period 2022 - 2032
  • Historical Data and Forecast of Rest of Europe Heat Pump Water Heater Market Revenues & Volume By Air Source for the Period 2022 - 2032
  • Historical Data and Forecast of Rest of Europe Heat Pump Water Heater Market Revenues & Volume By Geothermal for the Period 2022 - 2032
  • Historical Data and Forecast of Europe Heat Pump Water Heater Market Revenues & Volume By Storage for the Period 2022 - 2032
  • Historical Data and Forecast of Europe Heat Pump Water Heater Market Revenues & Volume By Up to 500 L for the Period 2022 - 2032
  • Historical Data and Forecast of Europe Heat Pump Water Heater Market Revenues & Volume By 500-1000 L for the Period 2022 - 2032
  • Historical Data and Forecast of Europe Heat Pump Water Heater Market Revenues & Volume By Above 1000 L for the Period 2022 - 2032
  • Historical Data and Forecast of Germany Heat Pump Water Heater Market Revenues & Volume By Storage for the Period 2022 - 2032
  • Historical Data and Forecast of Germany Heat Pump Water Heater Market Revenues & Volume By Up to 500 L for the Period 2022 - 2032
  • Historical Data and Forecast of Germany Heat Pump Water Heater Market Revenues & Volume By 500-1000 L for the Period 2022 - 2032
  • Historical Data and Forecast of Germany Heat Pump Water Heater Market Revenues & Volume By Above 1000 L for the Period 2022 - 2032
  • Historical Data and Forecast of United Kingdom Heat Pump Water Heater Market Revenues & Volume By Storage for the Period 2022 - 2032
  • Historical Data and Forecast of United Kingdom Heat Pump Water Heater Market Revenues & Volume By Up to 500 L for the Period 2022 - 2032
  • Historical Data and Forecast of United Kingdom Heat Pump Water Heater Market Revenues & Volume By 500-1000 L for the Period 2022 - 2032
  • Historical Data and Forecast of United Kingdom Heat Pump Water Heater Market Revenues & Volume By Above 1000 L for the Period 2022 - 2032
  • Historical Data and Forecast of France Heat Pump Water Heater Market Revenues & Volume By Storage for the Period 2022 - 2032
  • Historical Data and Forecast of France Heat Pump Water Heater Market Revenues & Volume By Up to 500 L for the Period 2022 - 2032
  • Historical Data and Forecast of France Heat Pump Water Heater Market Revenues & Volume By 500-1000 L for the Period 2022 - 2032
  • Historical Data and Forecast of France Heat Pump Water Heater Market Revenues & Volume By Above 1000 L for the Period 2022 - 2032
  • Historical Data and Forecast of Italy Heat Pump Water Heater Market Revenues & Volume By Storage for the Period 2022 - 2032
  • Historical Data and Forecast of Italy Heat Pump Water Heater Market Revenues & Volume By Up to 500 L for the Period 2022 - 2032
  • Historical Data and Forecast of Italy Heat Pump Water Heater Market Revenues & Volume By 500-1000 L for the Period 2022 - 2032
  • Historical Data and Forecast of Italy Heat Pump Water Heater Market Revenues & Volume By Above 1000 L for the Period 2022 - 2032
  • Historical Data and Forecast of Russia Heat Pump Water Heater Market Revenues & Volume By Storage for the Period 2022 - 2032
  • Historical Data and Forecast of Russia Heat Pump Water Heater Market Revenues & Volume By Up to 500 L for the Period 2022 - 2032
  • Historical Data and Forecast of Russia Heat Pump Water Heater Market Revenues & Volume By 500-1000 L for the Period 2022 - 2032
  • Historical Data and Forecast of Russia Heat Pump Water Heater Market Revenues & Volume By Above 1000 L for the Period 2022 - 2032
  • Historical Data and Forecast of Spain Heat Pump Water Heater Market Revenues & Volume By Storage for the Period 2022 - 2032
  • Historical Data and Forecast of Spain Heat Pump Water Heater Market Revenues & Volume By Up to 500 L for the Period 2022 - 2032
  • Historical Data and Forecast of Spain Heat Pump Water Heater Market Revenues & Volume By 500-1000 L for the Period 2022 - 2032
  • Historical Data and Forecast of Spain Heat Pump Water Heater Market Revenues & Volume By Above 1000 L for the Period 2022 - 2032
  • Historical Data and Forecast of Rest of Europe Heat Pump Water Heater Market Revenues & Volume By Storage for the Period 2022 - 2032
  • Historical Data and Forecast of Rest of Europe Heat Pump Water Heater Market Revenues & Volume By Up to 500 L for the Period 2022 - 2032
  • Historical Data and Forecast of Rest of Europe Heat Pump Water Heater Market Revenues & Volume By 500-1000 L for the Period 2022 - 2032
  • Historical Data and Forecast of Rest of Europe Heat Pump Water Heater Market Revenues & Volume By Above 1000 L for the Period 2022 - 2032
  • Historical Data and Forecast of Europe Heat Pump Water Heater Market Revenues & Volume By Capacity for the Period 2022 - 2032
  • Historical Data and Forecast of Europe Heat Pump Water Heater Market Revenues & Volume By Up to 10 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Europe Heat Pump Water Heater Market Revenues & Volume By 10-20 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Europe Heat Pump Water Heater Market Revenues & Volume By 20-30 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Europe Heat Pump Water Heater Market Revenues & Volume By 30-100 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Europe Heat Pump Water Heater Market Revenues & Volume By 10-150 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Europe Heat Pump Water Heater Market Revenues & Volume By Above 150 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Germany Heat Pump Water Heater Market Revenues & Volume By Capacity for the Period 2022 - 2032
  • Historical Data and Forecast of Germany Heat Pump Water Heater Market Revenues & Volume By Up to 10 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Germany Heat Pump Water Heater Market Revenues & Volume By 10-20 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Germany Heat Pump Water Heater Market Revenues & Volume By 20-30 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Germany Heat Pump Water Heater Market Revenues & Volume By 30-100 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Germany Heat Pump Water Heater Market Revenues & Volume By 10-150 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Germany Heat Pump Water Heater Market Revenues & Volume By Above 150 kW for the Period 2022 - 2032
  • Historical Data and Forecast of United Kingdom Heat Pump Water Heater Market Revenues & Volume By Capacity for the Period 2022 - 2032
  • Historical Data and Forecast of United Kingdom Heat Pump Water Heater Market Revenues & Volume By Up to 10 kW for the Period 2022 - 2032
  • Historical Data and Forecast of United Kingdom Heat Pump Water Heater Market Revenues & Volume By 10-20 kW for the Period 2022 - 2032
  • Historical Data and Forecast of United Kingdom Heat Pump Water Heater Market Revenues & Volume By 20-30 kW for the Period 2022 - 2032
  • Historical Data and Forecast of United Kingdom Heat Pump Water Heater Market Revenues & Volume By 30-100 kW for the Period 2022 - 2032
  • Historical Data and Forecast of United Kingdom Heat Pump Water Heater Market Revenues & Volume By 10-150 kW for the Period 2022 - 2032
  • Historical Data and Forecast of United Kingdom Heat Pump Water Heater Market Revenues & Volume By Above 150 kW for the Period 2022 - 2032
  • Historical Data and Forecast of France Heat Pump Water Heater Market Revenues & Volume By Capacity for the Period 2022 - 2032
  • Historical Data and Forecast of France Heat Pump Water Heater Market Revenues & Volume By Up to 10 kW for the Period 2022 - 2032
  • Historical Data and Forecast of France Heat Pump Water Heater Market Revenues & Volume By 10-20 kW for the Period 2022 - 2032
  • Historical Data and Forecast of France Heat Pump Water Heater Market Revenues & Volume By 20-30 kW for the Period 2022 - 2032
  • Historical Data and Forecast of France Heat Pump Water Heater Market Revenues & Volume By 30-100 kW for the Period 2022 - 2032
  • Historical Data and Forecast of France Heat Pump Water Heater Market Revenues & Volume By 10-150 kW for the Period 2022 - 2032
  • Historical Data and Forecast of France Heat Pump Water Heater Market Revenues & Volume By Above 150 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Italy Heat Pump Water Heater Market Revenues & Volume By Capacity for the Period 2022 - 2032
  • Historical Data and Forecast of Italy Heat Pump Water Heater Market Revenues & Volume By Up to 10 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Italy Heat Pump Water Heater Market Revenues & Volume By 10-20 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Italy Heat Pump Water Heater Market Revenues & Volume By 20-30 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Italy Heat Pump Water Heater Market Revenues & Volume By 30-100 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Italy Heat Pump Water Heater Market Revenues & Volume By 10-150 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Italy Heat Pump Water Heater Market Revenues & Volume By Above 150 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Russia Heat Pump Water Heater Market Revenues & Volume By Capacity for the Period 2022 - 2032
  • Historical Data and Forecast of Russia Heat Pump Water Heater Market Revenues & Volume By Up to 10 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Russia Heat Pump Water Heater Market Revenues & Volume By 10-20 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Russia Heat Pump Water Heater Market Revenues & Volume By 20-30 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Russia Heat Pump Water Heater Market Revenues & Volume By 30-100 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Russia Heat Pump Water Heater Market Revenues & Volume By 10-150 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Russia Heat Pump Water Heater Market Revenues & Volume By Above 150 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Spain Heat Pump Water Heater Market Revenues & Volume By Capacity for the Period 2022 - 2032
  • Historical Data and Forecast of Spain Heat Pump Water Heater Market Revenues & Volume By Up to 10 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Spain Heat Pump Water Heater Market Revenues & Volume By 10-20 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Spain Heat Pump Water Heater Market Revenues & Volume By 20-30 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Spain Heat Pump Water Heater Market Revenues & Volume By 30-100 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Spain Heat Pump Water Heater Market Revenues & Volume By 10-150 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Spain Heat Pump Water Heater Market Revenues & Volume By Above 150 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Rest of Europe Heat Pump Water Heater Market Revenues & Volume By Capacity for the Period 2022 - 2032
  • Historical Data and Forecast of Rest of Europe Heat Pump Water Heater Market Revenues & Volume By Up to 10 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Rest of Europe Heat Pump Water Heater Market Revenues & Volume By 10-20 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Rest of Europe Heat Pump Water Heater Market Revenues & Volume By 20-30 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Rest of Europe Heat Pump Water Heater Market Revenues & Volume By 30-100 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Rest of Europe Heat Pump Water Heater Market Revenues & Volume By 10-150 kW for the Period 2022 - 2032
  • Historical Data and Forecast of Rest of Europe Heat Pump Water Heater Market Revenues & Volume By Above 150 kW for the Period 2022 - 2032
  • Europe Heat Pump Water Heater Market - Key Performance Indicators
  • Europe Heat Pump Water Heater Market - Import Export Trade Statistics
  • Europe Heat Pump Water Heater Market - Opportunity Assessment By Countries
  • Europe Heat Pump Water Heater Market - Opportunity Assessment By Type
  • Europe Heat Pump Water Heater Market - Opportunity Assessment By Storage
  • Europe Heat Pump Water Heater Market - Opportunity Assessment By Capacity
  • Europe Heat Pump Water Heater Market - Top Companies Market Share
  • Europe Heat Pump Water Heater Market - Top Companies Profiles
  • Europe Heat Pump Water Heater Market - Comparison of Players in Technical and Operating Parameters
  • Europe Heat Pump Water Heater Market - Strategic Recommendations

Market Covered

The market report has been segmented and sub-segmented into the following categories:

By Country

  • Germany
  • United Kingdom
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe

By Type

  • Air Source
  • Geothermal

By Storage

  • Up to 500 L
  • 500–1000 L
  • Above 1000 L

By Capacity

  • Up to 10 kW
  • 10–20 kW
  • 20–30 kW
  • 30–100 kW
  • 10–150 kW
  • Above 150 kW

Europe Heat Pump Water Heater Market (2026-2032) : FAQ's

The Europe Heat Pump Water Heater Market is projected to grow at a CAGR of 11% during 2026–2032.
The Europe Heat Pump Water Heater Market was valued at approximately USD 4.2 billion in 2025 and is expected to reach USD 7.1 billion by 2032.
Germany, the United Kingdom, and France are the leading contributors, with strong government support and a focus on energy-efficient technologies.
Major trends include the adoption of smart heat pumps, hybrid systems, and integration with renewable energy sources.
6Wresearch actively monitors the Europe Heat Pump Water Heater Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Europe Heat Pump Water Heater Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1 Executive Summary
2 Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3 Europe Heat Pump Water Heater Market Overview
3.1 Europe Regional Macro Economic Indicators
3.2 Europe Heat Pump Water Heater Market Revenues & Volume, 2022 & 2032F
3.3 Europe Heat Pump Water Heater Market - Industry Life Cycle
3.4 Europe Heat Pump Water Heater Market - Porter's Five Forces
3.5 Europe Heat Pump Water Heater Market Revenues & Volume Share, By Countries, 2022 & 2032F
3.6 Europe Heat Pump Water Heater Market Revenues & Volume Share, By Type, 2022 & 2032F
3.7 Europe Heat Pump Water Heater Market Revenues & Volume Share, By Storage, 2022 & 2032F
3.8 Europe Heat Pump Water Heater Market Revenues & Volume Share, By Capacity, 2022 & 2032F
4 Europe Heat Pump Water Heater Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 Europe Heat Pump Water Heater Market Trends
6 Europe Heat Pump Water Heater Market, 2022 - 2032
6.1 Europe Heat Pump Water Heater Market, Revenues & Volume, By Type, 2022 - 2032
6.2 Europe Heat Pump Water Heater Market, Revenues & Volume, By Storage, 2022 - 2032
6.3 Europe Heat Pump Water Heater Market, Revenues & Volume, By Capacity, 2022 - 2032
7 Germany Heat Pump Water Heater Market, 2022 - 2032
7.1 Germany Heat Pump Water Heater Market, Revenues & Volume, By Type, 2022 - 2032
7.2 Germany Heat Pump Water Heater Market, Revenues & Volume, By Storage, 2022 - 2032
7.3 Germany Heat Pump Water Heater Market, Revenues & Volume, By Capacity, 2022 - 2032
8 United Kingdom Heat Pump Water Heater Market, 2022 - 2032
8.1 United Kingdom Heat Pump Water Heater Market, Revenues & Volume, By Type, 2022 - 2032
8.2 United Kingdom Heat Pump Water Heater Market, Revenues & Volume, By Storage, 2022 - 2032
8.3 United Kingdom Heat Pump Water Heater Market, Revenues & Volume, By Capacity, 2022 - 2032
9 France Heat Pump Water Heater Market, 2022 - 2032
9.1 France Heat Pump Water Heater Market, Revenues & Volume, By Type, 2022 - 2032
9.2 France Heat Pump Water Heater Market, Revenues & Volume, By Storage, 2022 - 2032
9.3 France Heat Pump Water Heater Market, Revenues & Volume, By Capacity, 2022 - 2032
10 Italy Heat Pump Water Heater Market, 2022 - 2032
10.1 Italy Heat Pump Water Heater Market, Revenues & Volume, By Type, 2022 - 2032
10.2 Italy Heat Pump Water Heater Market, Revenues & Volume, By Storage, 2022 - 2032
10.3 Italy Heat Pump Water Heater Market, Revenues & Volume, By Capacity, 2022 - 2032
11 Russia Heat Pump Water Heater Market, 2022 - 2032
11.1 Russia Heat Pump Water Heater Market, Revenues & Volume, By Type, 2022 - 2032
11.2 Russia Heat Pump Water Heater Market, Revenues & Volume, By Storage, 2022 - 2032
11.3 Russia Heat Pump Water Heater Market, Revenues & Volume, By Capacity, 2022 - 2032
12 Spain Heat Pump Water Heater Market, 2022 - 2032
12.1 Spain Heat Pump Water Heater Market, Revenues & Volume, By Type, 2022 - 2032
12.2 Spain Heat Pump Water Heater Market, Revenues & Volume, By Storage, 2022 - 2032
12.3 Spain Heat Pump Water Heater Market, Revenues & Volume, By Capacity, 2022 - 2032
13 Rest of Europe Heat Pump Water Heater Market, 2022 - 2032
13.1 Rest of Europe Heat Pump Water Heater Market, Revenues & Volume, By Type, 2022 - 2032
13.2 Rest of Europe Heat Pump Water Heater Market, Revenues & Volume, By Storage, 2022 - 2032
13.3 Rest of Europe Heat Pump Water Heater Market, Revenues & Volume, By Capacity, 2022 - 2032
14 Europe Heat Pump Water Heater Market Key Performance Indicators
15 Europe Heat Pump Water Heater Market - Opportunity Assessment
15.1 Europe Heat Pump Water Heater Market Opportunity Assessment, By Countries, 2022 & 2032F
15.2 Europe Heat Pump Water Heater Market Opportunity Assessment, By Type, 2022 & 2032F
15.3 Europe Heat Pump Water Heater Market Opportunity Assessment, By Storage, 2022 & 2032F
15.4 Europe Heat Pump Water Heater Market Opportunity Assessment, By Capacity, 2022 & 2032F
16 Europe Heat Pump Water Heater Market - Competitive Landscape
16.1 Europe Heat Pump Water Heater Market Revenue Share, By Companies, 2022-2032F
16.2 Europe Heat Pump Water Heater Market Competitive Benchmarking, By Operating and Technical Parameters
17 Company Profiles
18 Recommendations
19 Disclaimer
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