United Kingdom Air Source Heat Pumps to be Dominated by Scotland During the Forecast Period
Raising awareness towards
energy efficient products, favored government policies, and low running cost of
heat pumps are the factors driving the Air Source Heat Pump market in United
Kingdom.
According to TechSci Research report, “United Kingdom Air Source Heat Pump Market”- By Region, Competition Forecast and Opportunities, 2018-2028F”. United Kingdom Air Source Heat Pump market is expected to grow at an
impressive rate. The market is driven by the growth of air conditioning,
increasing energy efficient products, low carbon footprints, and various
government schemes.
Air source heat pumps
are efficient heating and cooling systems that can generate one to three times
as much heat as needed. Compared to conventional systems, which must convert
the heat from a fuel source, they are more effective since they can move or
transfer heat from the air.
Most home heating
systems either burn fuel or generate heat from electricity. But because they
don't produce heat, heat pumps are different. Instead, they bring outside heat
energy into the house. Therefore, they are more effective as a result. Considering
that they produce more heat energy than they use electricity. Thus, running a
heat-pump system can be less expensive than running a conventional fossil fuel
heating system.
In the UK,
"air-to-water" air source heat pump systems are the most common.
These systems transfer the heat into a typical "wet" heating system.
As it offers dual features to its consumers by providing both the functions
such as central heating and hot water with this arrangement. Whereas the air to
air heat pumps is uncommon in the country. Additionally, as their name implies,
these transfer heat into the air, which circulates around the house. However,
don't provide hot water. They are more generally referred to as air
conditioning units, depending on the season, they can switch between heating
and cooling.
Homes in the UK have
access to financial assistance from the government in the form of subsidies
that cover energy-saving and renewable technologies like solar panels and
insulation and heat pumps. The Domestic Renewable Heat Incentive (DRHI), Boiler
Upgrade Scheme, Warmer Homes Scotland, Home Energy Scotland Loan, and Nest
Scheme are few of the grants given by the government of the United Kingdom
to its residents. For a free heat pump the specific incentives, such as Warmer
Homes Scotland and the Nest Scheme in Wales are provided to the residents, if they match
with the specified criteria provided under the government guidelines. And most
of the UK homeowners had already qualified for the criteria to gain the reward at
least once. Additionally, following
the introduction of the VAT reduction on renewable energy technologies
announced on March 23, 2022, can save more than USD 7,600. The reduction converted
the initial low 5% VAT to 0%.
Browse over XX market
data Figures spread through XX Pages and an in-depth TOC on "United Kingdom Air Source Heat Pump Market".
United Kingdom
Air Source Heat Pump market is segmented based on process, end use,
sales channel, region, and by company. Based on process, the market is
segmented into air to air (ducts, ductless), air to water (split, integrated). Based
on end use the market is divided into residential, hotels & resorts, gym
& spas, education, food service, and others. Based on sales channel, the
market is fragmented into plumbers, dealers & contractors, retail, direct
sales, online, and others. The market analysis also studies the regional
segmentation divided among England, Scotland, Wales, and Northern Ireland.
In response to the
unpredictability in gas prices around the world, the UK government has
implemented heat pump funding. The average household's energy bill is expected
to rise by 33% or USD 509 after gas prices increased by 37% to reach record
high of 407p per therm (100,000 British thermal units)) in October 2021. By providing
people significant heat pump grants, the UK can develop its own renewable
energy industry that is independent of fossil fuels.
Major operating
companies operating in the United Kingdom Air Source Heat Pump Market are:
- Viessmann Climate Solutions SE.
- Vaillant Group UK Limited
- Daikin Airconditioning UK Ltd.
- Hitachi Europe Ltd.
- Robert Bosch UK Holdings Limited
- NIBE Energy Systems Limited
- Samsung Electronics (UK) Limited
- Trane UK Limited
- Aermec UK Ltd
- Mitsubishi Electric Europe B.V.
To stay ahead of
their competitors, businesses are setting manufacturing facilities of heat pumps
in the United Kingdom. For instance, in 2022, Vaillant Industrial UK
have started producing heat pumps in addition to its UK line of high
efficiency boilers. Over the past ten years, Vaillant has made considerable
investments in heat pump research and development, which differentiates it in
its contribution to the UK Government's objective for reducing carbon emissions
from heat and hot water demands. The capacity have raised starting in 2022
to accommodate the popular aroTHERM plus air-to-water heat pump. The aroTHERM
plus, which was introduced in 2020, is one of the few devices on the market
that use the environmentally friendly refrigerant R290, which has a low
three-global warming potential. The award-winning aroTHERM plus, which can
achieve flow temperatures up to 75 degrees, is quickly rising to the top of the
market.
Download Free Sample Report
Customers can
also request for 10% free customization on this report.
“By 2028, it is
anticipated that the air source heat pump market's commercial application sector
will contribute a sizeable portion of revenue. The installation of heat pumps
in commercial buildings will rise as clean there will a rise in technology
adoption and the building of sustainable structures.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
United Kingdom 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 the UK air source heat pump market and provides statistics & information
on market size, structure, and future market growth. the report intends 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 in the
Air Source Heat Pump market in United Kingdom.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Web: https://www.techsciresearch.com