Report Description

The France air source heat pump market size is anticipated to register an impressive CAGR during the forecast period. A variety of factors influence the heat pump market in France. Energy costs, laws, perceptions of the public, and heat pump performance compared to other heating or cooling solutions impact it. Technical development is leading to more efficient and attractive products. Due to their various benefits, heat pumps are expected to gain popularity in France during the forecast period.

Heat pumps are exterior-mounted cooling and heating solutions for buildings. Heat pumps do not generate heat while they transfer it. They operate like air conditioners, moving air from a hot area to a cold room where it is required and vice versa to heat and cool a home. When the inside house is more hot than the outside, they pump in cold air to cool it; the opposite happens when the place is cold. These appliances use electricity to pump air and a refrigerant to transfer heat. Therefore, they are more energy-efficient than furnaces and air conditioners in all conditions. Air Source Heat Pumps (ASHP) can be classified into two major types based on their process air to water and air-to-air heat pumps. In an air-to-water heat pump, the pump extracts the heat in the air from the outside home. It uses it to heat the water used in the home’s radiators, while an air-to-air pump carries air from outside the home, transforming cold air into hot air and dispersing it around the house using fan coils. This mechanism can also reverse in the summer, turning hot air into cold.

According to the energy monitor’s analysis of European Heat Pump Association (EHPA) data, France is Europe’s leading market for heat pump sales, with close to 400,000 units sold in 2020. Heat pumps are capable of a wide temperature range in terms of technology. They can perform effectively in temperature levels of down to -25°C and efficiently supply hot water at 65°C.

The market for heat pumps in France started rising when the energy usage of new buildings was limited by French building standards. This essentially ruled out electric heating systems and paved the way for heat pumps. The fact that heat pumps are regarded as clean as well heat pumps emit zero local emissions. Heat pumps are so prevalent that they should be considered a mainstream option for that application, with a share of 40% in new buildings. Heat pumps are available from numerous manufacturers, and most installers are experienced in their installation. Air-water heat pumps continue to see growth in the industry.

Government Rebates in France Fuels the Market Growth

In 2022, the environment minister announced that France would stop supplying government subsidies for installing new domestic gas heaters and increase support for renewable energy heating, such as heat pumps, to reduce dependency on Russian fossil fuel exports. France intends to stop importing Russian gas and oil by 2027 as part of a government "resilience strategy" to aid individuals and companies in coping with the economic effects of Russia's invasion of Ukraine. France will modify its "MaPrimeRenov" subsidy program to accelerate the switch from fossil fuel-fired heaters to renewable heating options such as heat pumps and biomass heaters, including hybrid systems, to lower gas demand. France will also provide 150 million euros through its national environment and energy agency ADEME (Agence De La Transition Ecologique) to encourage companies and municipalities to switch to renewable heating. Therefore, various rebates by France government toward heat pumps will gain popularity in France in the upcoming years, increasing the demand for air-source heat pumps in France.

More Efficient at Providing Heating Services Drives the Market Growth

Energy efficiency is crucial when designing a heating system. After solar energy, heat pumps are the second most effective household heating option. Additionally, heat pumps utilize less electricity. Heat pumps can assist an individual in saving up to 50% on residential heating expenses compared to heaters, furnaces, and other electric resistance heating. Heat pumps use less energy and provide a pleasant and comfortable home than standard air conditioners when it comes to reducing humidity in the summer. France is trying to reduce the initial costs of heat pump installation, simplify the laws governing home renovations, and provide energy certificates to encourage even low-income homes to transition to air-source heat pump heating and cooling solution which will further increase the demand of air-source heat pump due to its energy efficiency over others heating or cooling solutions in France market.

Environmental Benefits of Heat Pump Drives the Market Growth

The heat pump impacts both CO2 emissions and the overall energy bill. There will be CO2 emissions whether you use heat pumps or natural gas to heat and cool your home. However, heat pumps emit substantially less CO2 than heaters fueled by fossil fuels. There is no conversion process with heat pumps. Depending on the type of heat pump an individual has, they absorb thermal energy from the environment, compress it to increase its efficiency, and then move it where required. The average heat pump maintains a 300% efficiency rate, significantly reducing energy waste. Hence, it is considered that heat pumps are better for the environment than other energy sources. Moreover, researchers found that installing heat pumps for space heating could lower greenhouse gas emissions. Therefore, due to the shift from fossil fuels to renewable energy, heat pumps are expected to gain popularity in France during the forecast period, increasing the demand for air-source heat pumps in France.


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Market Segmentation

France air source heat pump market is segmented into 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 users, the market is segmented into residential, hotels & resorts, gym & spas, education, food service, and others (healthcare, offices, etc.). Based on sales channel, the market is split into plumbers, dealers & contractors, retail, direct sales, online, and others (distributors, builders, etc.).

Market Players

Mitsubishi Electric Europe B.V., Daikin Airconditioning France SAS, STIEBEL ELTRON GmbH & Co. KG (DE), Groupe Atlantic, De Dietrich S.A.S., Auer SAS, Panasonic Marketing Europe GmbH, Saunier Duval Eau Chaude Chauffage SAS, Airwell Residential SAS, Hitachi Europe Limited are the major market players in France Air Source Heat Pump market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in Thousand Units and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Process

·         End Use

·         Sales Channel

·         Region

Regional scope

Northern France, Western France, Southern France, Eastern France, Central France

Key companies profiled

Mitsubishi Electric Europe B.V., Daikin Airconditioning France SAS, STIEBEL ELTRON GmbH & Co. KG (DE), Groupe Atlantic, De Dietrich S.A.S., Auer SAS, Panasonic Marketing Europe GmbH, Saunier Duval Eau Chaude Chauffage SAS, Airwell Residential SAS, Hitachi Europe Limited

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, France air source heat pump market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • France Air Source Heat Pump Market, By Process:
    • Air to Air
    • Air to Water
  • France Air Source Heat Pump Market, By End Use:
    • Residential
    • Hotels & Resorts
    • Gym & Spas
    • Education
    • Food Service
    • Others
  • France Air Source Heat Pump Market, By Sales Channel:
    • Plumbers
    • Dealers & Contractors
    • Retail
    • Direct Sales
    • Online
    • Others
  • France Air Source Heat Pump Market, By Region:
    • Northern France
    • Western France
    • Southern France
    • Eastern France
    • Central France

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in France air source heat pump market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

France Air Source Heat Pump Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary         

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer Analysis (B2C Model Analysis)

4.1.  Sample Size Determination

4.2.  Respondent Demographics

4.2.1.         By Gender

4.2.2.         By Age

4.2.3.         By Occupation

4.3.  Preferred Way for Heating Water

4.4.  Brand Awareness

4.5.  Sources of Awareness

4.6.  Factors Influencing Purchase Decision

4.7.  Challenges Faced Post Purchase

5.    France Air Source Heat Pump Market Outlook

5.1.  Market Size & Forecast

5.1.1.         By Value

5.1.2.         By Volume       

5.2.  Market Share & Forecast

5.2.1.         By Process Market Share Analysis (Air to Air, Air to Water)

5.2.2.         By End Use Market Share Analysis (Residential, Hotels & Resorts, Gym & Spas, Education, Food Service, and Others (Healthcare, Offices, etc.)

5.2.3.         By Sales Channel Market Share Analysis (Plumbers, Dealers & Contractors, Retail, Direct Sales, Online, and Others (Distributors, Builders, etc.))

5.2.4.         By Regional Market Share Analysis

5.2.4.1. Northern France Market Share Analysis

5.2.4.2. Western France Market Share Analysis

5.2.4.3. Southern France Market Share Analysis

5.2.4.4. Eastern France Market Share Analysis

5.2.4.5. Central France Market Share Analysis

5.2.5.         By Company Market Share Analysis

5.3.  France Market Mapping & Opportunity Assessment

5.3.1.         By Process Market Mapping & Opportunity Assessment

5.3.2.         By End Use Market Mapping & Opportunity Assessment

5.3.3.         By Sales Channel Market Mapping & Opportunity Assessment

5.3.4.         By Regional Market Mapping & Opportunity Assessment

6.    Air to Air Heat Pump Market Outlook

6.1.  Market Size & Forecast          

6.1.1.         By Value

6.1.2.         By Volume

6.2.  Market Share & Forecast

6.2.1.         By Type Market Share Analysis (Ducts, Ductless)

6.2.2.         By End Use Market Share Analysis

6.2.3.         By Sales Channel Market Share Analysis

6.3.  Product Benchmarking (Best Selling SKU’s)

7.    Air to Water Heat Pump Outlook

7.1.  Market Size & Forecast          

7.1.1.         By Value

7.1.2.         By Volume

7.2.  Market Share & Forecast

7.2.1.         By Type Market Share Analysis (Split, Integrated)

7.2.2.         By Tank Capacity Market Share Analysis (Less than 200L, 200L to 300L, More than 300L)

7.2.3.         By End Use Market Share Analysis

7.2.4.         By Sales Channel Market Share Analysis

7.3.  Product Benchmarking (Best Selling SKU’s)

8.    Market Dynamics

8.1.  Drivers

8.1.1.         Rebates of Government

8.1.2.         Requires Low Maintenance Cost

8.1.3.         Advantage over Conventional Water Heating Systems

8.2.  Challenges

8.2.1.         High upfront cost

8.2.2.         Issues in Extreme Cold Weather

9.    Impact of COVID-19 on France Air Source Heat Pump Market

9.1.  Impact Assessment Model      

9.1.1.         Key Segments Impacted

9.1.2.         Key Regions Impacted

10.  Market Trends & Developments

10.1.              Influence by Growing Environmental Concerns

10.2.              Awareness Towards Public Policies

10.3.              Rise in Environment Friendly Energy Solution

10.4.              Availability of More Economical Solution for Cooling and Heating

11.  Porter’s Five Forces Model

11.1.              Competitive Landscape

11.2.              Bargaining Power of Buyers

11.3.              Bargaining Power of Suppliers

11.4.              Threat of New Entrants

11.5.              Threat of Substitutes

12.  SWOT Analysis

12.1.              Strengths

12.2.              Weaknesses

12.3.              Opportunities

12.4.              Threats

13.  Competitive Landscape

13.1.              Company Profiles

13.1.1.      Mitsubishi Electric Europe B.V.

13.1.1.1.              Company Details

13.1.1.2.              Products & Services

13.1.1.3.              Financials (As Reported)

13.1.1.4.              Key Market Focus & Geographical Presence

13.1.1.5.              Recent Developments

13.1.1.6.              Key Management Personnel

13.1.2.      Daikin Airconditioning France SAS

13.1.2.1.              Company Details

13.1.2.2.              Products & Services

13.1.2.3.              Financials (As Reported)

13.1.2.4.              Key Market Focus & Geographical Presence

13.1.2.5.              Recent Developments

13.1.2.6.              Key Management Personnel

13.1.3.      STIEBEL ELTRON GmbH & Co. KG (DE)

13.1.3.1.              Company Details

13.1.3.2.              Products & Services

13.1.3.3.              Financials (As Reported)

13.1.3.4.              Key Market Focus & Geographical Presence

13.1.3.5.              Recent Developments

13.1.3.6.              Key Management Personnel

13.1.4.      Groupe Atlantic

13.1.4.1.              Company Details

13.1.4.2.              Products & Services

13.1.4.3.              Financials (As Reported)

13.1.4.4.              Key Market Focus & Geographical Presence

13.1.4.5.              Recent Developments

13.1.4.6.              Key Management Personnel

13.1.5.      De Dietrich S.A.S.

13.1.5.1.              Company Details

13.1.5.2.              Products & Services

13.1.5.3.              Financials (As Reported)

13.1.5.4.              Key Market Focus & Geographical Presence

13.1.5.5.              Recent Developments

13.1.5.6.              Key Management Personnel

13.1.6.      Auer SAS

13.1.6.1.              Company Details

13.1.6.2.              Products & Services

13.1.6.3.              Financials (As Reported)

13.1.6.4.              Key Market Focus & Geographical Presence

13.1.6.5.              Recent Developments

13.1.6.6.              Key Management Personnel

13.1.7.      Panasonic Marketing Europe GmbH

13.1.7.1.              Company Details

13.1.7.2.              Products & Services

13.1.7.3.              Financials (As Reported)

13.1.7.4.              Key Market Focus & Geographical Presence

13.1.7.5.              Recent Developments

13.1.7.6.              Key Management Personnel

13.1.8.      Saunier Duval Eau Chaude Chauffage SAS

13.1.8.1.              Company Details

13.1.8.2.              Products & Services

13.1.8.3.              Financials (As Reported)

13.1.8.4.              Key Market Focus & Geographical Presence

13.1.8.5.              Recent Developments

13.1.8.6.              Key Management Personnel

13.1.9.      Airwell Residential SAS

13.1.9.1.              Company Details

13.1.9.2.              Products & Services

13.1.9.3.              Financials (As Reported)

13.1.9.4.              Key Market Focus & Geographical Presence

13.1.9.5.              Recent Developments

13.1.9.6.              Key Management Personnel

13.1.10.    Hitachi Europe Limited

13.1.10.1.            Company Details

13.1.10.2.            Products & Services

13.1.10.3.            Financials (As Reported)

13.1.10.4.            Key Market Focus & Geographical Presence

13.1.10.5.            Recent Developments

13.1.10.6.            Key Management Personnel

14.  Strategic Recommendations/Action Plan

14.1.              Key Focus Areas

14.2.              Target Process

14.3.              Target End User

About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The key factors driving the France Air Source Heat Pump Market are its high efficiency, high durability, and low maintenance requirement.

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Prices varies between different types of heat pump, but an individual can budget between USD 8000 to USD 12000 for air to water and USD 6000 to USD 10000 for air to air heat pump.

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There are many varieties of heat pumps available in the market, but in France, the two types that are primarily utilised for heating interiors of buildings and residential hot water are air-source heat pumps (ASHP) and water-source heat pumps (WSHP).

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Mitsubishi Electric Europe B.V., Daikin Airconditioning France SAS, STIEBEL ELTRON GmbH & Co. KG (DE), Groupe Atlantic, De Dietrich S.A.S., Auer SAS, Panasonic Marketing Europe GmbH, Saunier Duval Eau Chaude Chauffage SAS, Airwell Residential SAS, Hitachi Europe Limited etc.are the key players in the France Air Source Heat Pump market.

profile

Parvati Sharma

Account Manager BD
Press Release

Air to Water Heat Pumps to Dominate the France Air Source Heat Pump Market During the Forecast Period

Dec, 2022

Government initiatives toward renewable heating technologies, technological developments for reliable and efficient heating systems, and low maintenance are driving France''s air source heat