Air to Air Heat Pump to Boost the Finland Air Source Heat Pump Market Growth
Increasing
government initiatives towards reduction in electricity tax rate which lead to
shifting consumer from traditional heating system to heat pump is one of the
leading factors driving the Finland Air Source Heat Pump Market during the forecast
period.
According to TechSci
Research report, “Air Source Heat Pump – Finland Industry Size,
Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F”
The Finland Air Source Heat
Pump Market is expected to grow during the forecast period. Several factors,
including growing people's awareness about the rising carbon footprint
generated by burning biomass and oil for heating, will lead to an increase in
heat pump demand during the projected period.
A compressor is used by an
air source heat pump to increase the temperature by extracting heat from the
air. The heat is then transferred to the heating system of the house. A device
known as an air source heat pump uses electricity to transport heat from one
place to another. Heat is not produced by heat pumps. Instead, they shift and
distribute heat to warm or cool a particular area.
Air-to-air heat pumps raise
the temperature of the air in each room of the house by transferring heat from
the outside air to the air within the home. Through several fan coil units,
often known as "blowers," this heated air enters the house. Air
conditioning is a term that is occasionally used to describe air-to-air heat
pumps. On the other hand, air to water heat pumps serve as both water heating
and air conditioning systems. Electricity costs can be reduced by using fewer
equipment. The air to water heat pump extracts heat from the outside air and
uses it to heat the water used in the radiators. In most of them, an indoor
unit is located inside the home, while an outdoor unit is situated adjacent to
the building.
Overall, the Finnish example
is prophetic in that it demonstrates how the adoption of low-carbon heating
options is possible. While there are certain obstacles to overcome, with the
right encouragement, regulation, financial incentives, and fiscal policy, even
established industries can undergo significant change. Therefore, it is
anticipated that increasing government initiatives, such as tax credits, to
encourage the usage of heating and cooling solutions would have a significant
impact on the growth of the air source heat pump market. Additionally, growing
new construction projects that result in a rise in the need for energy and
cost-effective solutions to lower carbon footprints and enhance the usage of
renewable energy sources are anticipated to fuel the expansion of the air
source heat pump market over the course of the forecast period. The popularity
of heat pumps has been largely impacted by several benefits, such as their low
maintenance needs, economical operation, and low greenhouse gas emissions. In
addition, it is anticipated that demand for air source heat pumps will increase
in the next years due to its capacity to offer both space heating and cooling
solutions as well as water heating solutions.
Heat pump installations are projected to
increase at a faster rate because of the momentum in the Finnish market for
these devices is currently experiencing. For instance, the service model
entails the service provider paying for the installation of the heat pump. The
service provider handles all maintenance, and the charges for the energy they
consume. This strategy excels in commercial office buildings, public housing
complexes, and serviced apartment buildings where owners may be less inclined
to make their own investments.
According to the Finnish
Heat Pump Association, Finland will grow at a similar rate as Germany in 2021,
with a 25% increase to 130,000 heat pumps installed. Given the country's small
population, this is remarkable, with nearly 5% of all homes installing a heat
pump by 2021.
Browse over XX market data Figures
spread through XX Pages and an in-depth TOC on the " Finland Air Source Heat Pump Market."
The
Air Source Heat Pump Market is segmented based on process, end use, and sales
channel. Based on process, the market is divided into air
to air (ducts, ductless), air to water (split, integrated). Based on end use,
the market is segmented into residential, hotels & resorts, gym & 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 air source
heat pump market include:
- Daikin Europe NV
- Oilon Group
- Carrier Global Corporation
- Trane Technologies Company LLC
- Viessmann Oy, Robert Bosch Oy
- NIBE Energy Systems Oy
- Panasonic Marketing Europe GmbH
- Toshiba HVAC Finland
- Gebwell Ltd
Download Free Sample Report
Customers can also request 10% free
customization on this report.
“Over the projected time frames,
including investment in the commercial and residential sectors, the development
of new feature goods is a significant trend that is anticipated to have an
impact on the expansion of air source heat pumps. Additionally, a growing
population will promote the adoption of energy-efficient equipment, and
government efforts to lower tax rates are anticipated to fuel sector expansion
over the course of the forecast period.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
Finland 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 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 Finland.
Contact
Mr. Ken Mathews
708 Third
Avenue,
Manhattan, NY,
New York – 10017
Tel:
+1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com