Increasing government initiative towards energy conservation and rising carbon emission are the factors driving the air source heat pump market in Italy.
According to TechSci Research report, “Italy Air Source Heat Pumps Market – Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F” The Italy Air Source Heat Pumps Market is anticipated to project robust growth in the forecast period, on account of increasing energy efficiency, low carbon emissions, high durability and increasing government initiative. Technologically advanced products that are energy efficient, are constantly launched by various companies. This being a prominent trend, is anticipated to positively influence the market.
An air-source heat pump will transfer heat from the indoor air to outdoor air, throughout the summer. Although it might seem unusual that it could take heat from the air in the middle of winter, the expansion valve inside the machine causes the refrigerant's temperature to significantly drop.The refrigerant will absorb heat from the air as long as it is colder than the ambient temperature. The cold climate models are capable of operating in even colder temperatures, this sort of heat pump is normally only effective in temperatures as low as -20 degrees Celsius.
Air source heat pumps come in two different types. The first type of air source heat pump is an air to air heat pump, which uses heat from the outside air to warm an interior space. Heat is delivered into the residence directly through a fan system. The heat from the outside air is caught by air to water heat pumps, which then transfers that heat to radiators, underfloor heating, or a hot water supply in a space, making up the second category of air source heat pump. Such heat pumps are the most economical and energy-efficient ways to keeping homes dry and comfortable throughout the cooler months. The air source heat pump is known for using less energy and for releasing less greenhouse gases.
The Italian heat pump market is one of the largest in Europe and it continues to expand. It has significantly grown during the last few years. Governmental incentive programmes are a major factor in the market's growth. The government provides special pricing for residential customers, utilizing a heat pump as their primary heating system. A grant for the installation of a heat pump is one of several additional incentives. Another benefit is tax break for replacing an old heating system.
Browse over xx market data Figures spread through xx Pages and an in-depth TOC on the "Italy Air Source Heat Pump Market"
Italy air source heat pump market is segmented based on process, end use, sales channel, region, and competitional landscape. Based on process, the market is further fragmented into air to air (ducts vs. ductless) and air to water (split vs. 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 segmented into plumbers, dealers & contractors, retail, direct sales, online, and others (distributors, builders, etc.). The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North-West, South, Central and North-East.
Key market players in the air source heat pumps market include:
- Carrier Global Corporation
- Stiebel Eltron GmbH & Co. KG (DE)
- Mitsubishi Electric Europe B.V.
- Trane Technologies Company, LLC
- Toshiba Europe Limited
- Johnson Controls International Plc
- Daikin Industries, Ltd
- Argoclima S.p.A.
- Frost Italy Srl
- Galletti S.p.A.
Companies are expanding their research and development services to come up with innovative technologies and products. For instance, in an effort to promote the expansion of its global market, Chinese home appliance manufacturer Midea Group, started developing a new base for the production and research and development of heat pumps in the northern Italian town of Feltre, in the year 2022. The new base, which will be operational in the second quarter of 2024, is planned to have an annual capacity of 100,000 external and 200,000 internal heat pump units.
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"Launching of new technologically advanced and energy efficient products is a significant trend that is expected to have an impact on the growth of air source heat pump market over the forecasted period. Increasing government initiative for environment conservation, low carbon emissions and rising demand for sustainable solution will have positive impact on air source heat pump market. Additionally, the ease of availability of wide range of air source heat pump products, as well as the growing popularity of the online sales channels, are certain crucial factors influencing the market growth.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
Italy Air Source Heat Pump Market By Process (Air to Air (Ducts Vs. Ductless), Air to Water (Split Vs. 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 pumps products 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 Italy.
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