Air to Air Heat Pump to Boost the Canada Air Source Heat Pump Market Growth
Increasing
government initiatives and reducing greenhouse gas emissions are the leading
factors expected to drive the Canada air source heat pump market during the
forecast period.
According to TechSci
Research report, “Air Source Heat Pump – Canada Industry Size, Share,
Trends, Competition, Opportunity, and Forecast, 2018-2028F” The Canada air-source heat pump market
is expected to grow during the forecast period as increased environmental
awareness and cost-efficient heating and cooling applications are driving the
increased spending on air-source heat pumps.
A device that transfers heat from one
place to another using electricity is called an air source heat pump. Heat is
not produced by heat pumps. Instead, they transfer and distribute heat to a
particular area in order to heat or cool it.
Air source heat pump is segmented into different
processes. Air-to-air heat pumps raise the air temperature in each room by
transferring heat from the outside air to the air inside the house. Most
air-source heat pump installations in Canada are made up of units that heat or
cool the air within homes. Air to air heat pump has two categories ducted and
ductless.
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Now ducted air-to-air heat pump refers
to the heat pump's indoor coil placed in a duct. Air is heated or cooled as it
passes over the coil before being distributed throughout the home via ductwork.
Ductless refers to the heat pump's
indoor coil being placed in an indoor unit. These indoor units are typically
installed on the wall or floor of an occupied space and directly heat or cool
the air within that space.
In heating a home, air-to-water heat
pumps capture energy from the air and transfer it to water inside a closed
system. This kind of hydronic system can distribute heat using radiant flooring
or radiators. Similarly, the water will take heat from the air within the home
and release it outside to cool it off throughout the summer. However, these
methods are less common in Canada.
Advanced heat pumps are expected to become
more popular as there is a growing need for energy-efficient heating systems
and rapidly increasing population. To lower their energy costs, these products
have become increasingly popular among residential and commercial consumers. In
addition to safety, low operating costs, and a longer lifespan, heat pumps have
several benefits.
However, growing public awareness regarding
environmental advantages of implementing sustainable heating solutions will
favorably affect both the market forces for these devices. For instance, the
processes involved in upstream oil and gas extraction in Canada are the primary
sources of methane emissions. Nearly 44% of the methane emissions and 26% of
the country's overall GHG emissions come from oil and gas plants.
The availability of alternatives to
current heat pump technologies is expected to significantly constrain the
expansion of the market. The numerous options for these items include district
heating and cooling systems and gas boilers. However, most of these devices
rely heavily on non-renewable energy sources because fossil fuels are their
primary energy source. With advancements in heat pump technology and innovative
programs promoting renewable energy, the sector is set to experience
sustainable growth.
Furthermore, new product innovation and
technology advances to satisfy consumer demand are driving the market. As a
result, manufacturers and distributors have options to create ever-more
inventive items. For instance, in 2021, Mitsubishi Electric Sales Canada
introduced the FS wall-mounted mini-split system, which uses the Hyper-Heat
Plus technology to deliver 100% heating performance at -20 degrees Celsius and
maintain high efficiency at temperatures as low as -25 degrees Celsius.
Furthermore, the FS model's 3D i-see sensor scans the entire room, ensuring an
even temperature is delivered. The i-see sensor can detect whether or not
people are in the room and will turn on/off accordingly.
The air source heat pump
market is segmented based on process, end-use, and sales channel. Based on the
process, the market is further divided into air-to-air (ducts, ductless) and
air-to-water (split, integrated). Based on end use, the market is segmented
into residential, hotels & resorts, gyms & spas, education, food
service, and others (healthcare, offices, etc.). Based on sales channels, the
market is fragmented into plumbers, dealers & contractors, retail, direct
sales, online, and others (distributors, builders, etc.).
Key market players in the Canada air
source heat pump market include:
- Gree Canada
- Senvilla.Ca
- Mitsubishi Electric Sales
Canada Inc.
- Canada HVAC (Goodman)
- Wolf Steel Ltd
- Carrier Corporation
- Johnson Controls
- Panasonic Canada Inc
- Rheem Manufacturing Company
- Mr. Cool Canada
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“New feature product development is a
prominent trend that is expected to impact the growth of air source heat pumps
over the forecast period, including increasing knowledge of the harmful impact
of greenhouse gas emissions. Additionally, government initiatives and some
financing initiatives aid in converting current heating oil to heat pumps, thus
satisfying consumer demand for energy-efficient appliances, which is expected
to boost the industry growth during the forecast period.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
Canada Air
Source Heat Pump Market, By Process (Air to Air (Ducts, Ductless), Air to Water
(Split, Integrated)), By End Use (Residential, Hotels & Resorts, Gym &
Spas, Education, Food Service, and Others (Healthcare, Offices, etc.), By Sales
Channel (Plumbers, Dealers & Contractors, Retail, Direct Sales, Online, and
Others (Distributors, Builders, etc.), By Region, By Company, Forecast &
Opportunities, 2018-2028F”, has
evaluated the future growth potential of air source heat pump and provides statistics and information on market structure, size, share,
and future growth. The report is intended to provide cutting-edge market
intelligence and help decision-makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in air source heat pump
market in Canada.
Contact
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Website: https://www.techsciresearch.com