Market Share of Europe Heating Equipment Industry
The European heating equipment market is fragmented as the demand for heating equipment is increasing with the growing demand from industrial and commercial sectors across the globe. The key players in the market, like Daikin Industries Ltd., Robert Bosch GmbH, Mitsubishi Electric Europe B.V., and others, are continuously innovating new products and rising activities such as mergers and acquisitions and capacity expansion, further increasing the competition.
In September 2023, Aira, the Swedish company, announced its entry into Germany. The launch of Aira, a direct-to-consumer company offering heat pumps on a monthly subscription, is part of the company's European expansion plans. To further support its growth, the company also acquired a U.K. installer.
In July 2023, Panasonic Heating & Cooling Solutions started full production of its latest Aquarea L Series, a new generation of heat pump using R290 natural refrigerant, in Europe.
Europe Heating Equipment Market Leaders
Daikin Industries Ltd.
Robert Bosch GmbH
Mitsubishi Electric Europe B.V
Danfoss A/S
Valliant Group
*Disclaimer: Major Players sorted in no particular order
