Report Description

The Germany air source heat pump market is expected to be driven by increasing public awareness of the increased carbon footprint caused by fossil fuel combustion. The increased greenhouse gas emissions have resulted in an increase in pollution and global warming. This combination of factors will encourage the use of electric heat pumps as the primary technology for reducing emissions in heating applications, which is expected to drive market growth during the forecast period.

An air source heat pump is a device used for transferring heat from one place to another using electricity. Heat is not produced by heat pumps. instead, they shift and distribute heat to warm or cool a particular area.

Green energy management systems and technologies have come into greater emphasis as a means of addressing environmental challenges. Such measures are expected to produce profitable chances for the expansion of the heat pump market in the region. For instance, the year 2022 witnessed record-sales for heat pumps in Germany. According to the Federation of the German Heating Industry (BDH), the country delivered 25% more new heat pumps in the first half of 2022. The raw numbers increased from 76,500 to 96,000, and the market share of heat pumps surged from 17 to 21%.

However, the Federation of German Heating Industry, which has 121 member companies that produce heating systems and their components, they are contributing approximately 90% sales generated by the heating industry in Germany. Similarly, in Europe it represents 60% sales generated by the heating industries. This means that the German heating industry will grow in both technological and commercial terms during the forecast period.

Companies are offering new innovative products to attract customers and increase their market presence. Manufacturers are focusing on the development of new products to fulfill the demand of the customers. For example, in March 2021, LG Electronics introduced its Home Energy Package in Germany. To deliver heat and energy to residential buildings and small businesses, the hybrid system includes a heat pump, a PV system, and battery storage. Similarly, in 2022, Daikin has announced to expand heat pump production capacity in Germany. The company is expected to quicken the growth of its local production capacity with this new investment.

Furthermore, in August 2022, STIEBEL ELTRON GmbH & Co. KG announced a USD594 million investment to expand its heat pump manufacturing activities to produce more than 80,000 units by the end of 2022. This investment strategy was designed to strengthen the company's market presence and production capabilities throughout the region.

Increased Spending on Infrastructure Projects to Boost the Market

Based on application, the Germany heat pump market for residential and commercial sectors is predicted to grow, because new federal government has invested in infrastructure projects. For instance, according to the Global Construction Survey, the construction industry in Germany is expected to grow by 11.1% to reach USD273,564 million in 2022. Additionally, Germany completed the construction of 293,393 dwellings in 2021, and the Federal Government has set a goal of constructing 400,000 new homes in Germany which increases the demand for energy conservation projects to reduce the energy waste, avoid greenhouse gas emissions and is cost effective. Hence, the government has significantly increased affordable housing subsidies in order to meet the energy conservation initiatives, which is expected to drive the market demand during the forecast period.

Increasing Demand for Energy Efficient Products

The primary advantage of using an air-source heat pump is its energy efficiency. German market for electric heat pump systems is supported by increased energy consumption and a growing need for energy-efficient solutions. According to data from the Energy Information Administration, the nation's overall consumption of electricity was 535.14 TWh in 2021, which led to a greater emphasis on energy efficiency. The use of heat pumps as an alternative to gas heaters to reduce expenses on energy is expected to drive market growth.


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Market Segmentation

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.).

Company Profiles

Bosch Thermotechnik Gmbh., Johnson Controls International Plc, Glen Dimplex Deutschland GmbH, Solarbayer GmbH, Viessmann Climate Solutions SE, Daikin Manufacturing Germany GmbH, STIEBEL ELTRON GmbH & Co. KG, Toshiba Europe Limited, Mitsubishi Electric Corporation (ECODAN), Carrier Corporation, and Swegon Germany GmbH, are among the major players driving the market growth of the Germany air source heat pump market.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion, 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

South West, South East, North West and North East

Key Companies Profiled

Bosch Thermotechnik Gmbh., Johnson Controls International Plc, Glen Dimplex Deutschland GmbH, Solarbayer GmbH, Viessmann Climate Solutions SE, Daikin Manufacturing Germany GmbH, STIEBEL ELTRON GmbH & Co. KG, Toshiba Europe Limited, Mitsubishi Electric Corporation (ECODAN), Carrier Corporation.

Customization Scope

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

Pricing and Purchase Options

Avail of 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/pdf format on special request)

 

Report Scope:

In this report, the Germany Air Source Heat Pump Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Germany Air Source Heat Pump Market, By Process:
    • Air to Air
    • Air to Water
  • Germany Air Source Heat Pump Market, By End Use:
    • Residential
    • Hotels & Resorts
    • Gym & Spas
    • Education
    • Food Service
    • Others
  • Germany Air Source Heat Pump Market, By Sales Channel:
    • Plumbers
    • Dealers & Contractors
    • Retail
    • Direct Sales
    • Online
    • Others
  •  Germany Air Source Heat Pump Market, By Region:
    • South West
    • South East
    • North West
    • North East
  • Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Germany 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).

Germany 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.    Germany 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.         South West Market Share Analysis

5.2.4.2.         South East Market Share Analysis

5.2.4.3.         North West Market Share Analysis

5.2.4.4.         North East Market Share Analysis

5.2.5.     By Company Market Share Share Analysis

5.3.  Germany Air Source Heat Pump 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 Region 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 SKUs)

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 SKUs)

8.    Market Dynamics

8.1.  Drivers

8.1.1.     Surging infrastructure projects

8.1.2.     Increasing demand for advanced space heating technologies

8.1.3.     Reduce greenhouse gas emission

8.2.  Challenge

8.2.1.     Increasing competition level

8.2.2.     Availability of substitute products

9.    Impact of COVID-19 on Germany 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.              Increasing demand for energy efficient system

10.2.              Increasing e-commerce sector

10.3.              Increasing promotional and marketing activities.

10.4.              Growing demand for cost effective products.

11.  Porter’s Five Forces Model

11.1.              Competitive Rivalry

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.  Bosch Thermotechnik Gmbh

13.1.1.1.      Company Details

13.1.1.2.      Product & 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.  Johnson Controls International Plc

13.1.2.1.      Company Details

13.1.2.2.      Product & 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.  Glen Dimplex Deutschland GmbH

13.1.3.1.      Company Details

13.1.3.2.      Product & 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.  Solarbayer GmbH

13.1.4.1.      Company Details

13.1.4.2.      Product & 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.  Viessmann Climate Solutions SE

13.1.5.1.      Company Details

13.1.5.2.      Product & 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.  Daikin Manufacturing Germany GmbH

13.1.6.1.      Company Details

13.1.6.2.      Product & 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.  STIEBEL ELTRON GmbH & Co. KG

13.1.7.1.      Company Details

13.1.7.2.      Product & 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.  Toshiba Europe Limited 

13.1.8.1.      Company Details

13.1.8.2.      Product & 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.  Mitsubishi Electric Corporation (ECODAN)

13.1.9.1.      Company Details

13.1.9.2.      Product & 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.   Carrier Corporation

13.1.10.1.    Company Details

13.1.10.2.    Product & 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 Sales Channel

15.   About Us & Disclaimer

 (Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

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Bosch Thermotechnik Gmbh., Johnson Controls International Plc, Glen Dimplex Deutschland GmbH, Solarbayer GmbH, Viessmann Climate Solutions SE, Daikin Manufacturing Germany GmbH, STIEBEL ELTRON GmbH & Co. KG, Toshiba Europe Limited, Mitsubishi Electric Corporation (ECODAN), Carrier Corporation, and Swegon Germany GmbH are some of the major players operating in the industry.

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The market is being driven by factors such as reduced carbon emissions and increased infrastructural development.

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In Germany, heat pumps are a reliable technology that can control indoor comfort by supplying heat in the winter and cooling in the summer. While replacing their heating systems, households are increasingly turning to electric heat pumps. Hence, electric heat pumps are the most common heating source for new homes.

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According to the government, heat pump sales in Germany will increase by nearly a third to around 155,000 units in 2021, bringing the total installed heat pumps to more than 1 million.

profile

Parvati Sharma

Account Manager BD
Press Release

Air to Air Heat Pump to Boost the Germany Air Source Heat Pump Market Growth

Dec, 2022

Increasing demand for energy efficient and cost-effective heating and cooling applications are the leading factors expected to drive the Germany air source heat pump market during the forecast period