Air Source Heat Pump Market Top Trends, Future Analysis & Forecast 2022-2030

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Air Source Heat Pump Market is expected to be USD
85.5 Billion by 2030
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Industry Overview

• Air source heat pumps (ASHPs) have emerged as a
  low-carbon way of heating that can potentially
  overcome some of the concerns associated with
  extreme temperatures, changing climate, and
  environmental adversities. When properly
  installed, these heat pumps can deliver up to
  three times more heat energy than the electricity
  consumed.
• The need to reduce the dependence on fossil fuels
  for residential heating has encouraged multiple
  governments to persuade consumers to install
  ASHPs. For instance, in October 2022, France
  launched a new national energy savings plan to
  avoid winter power cuts. According to the
  Minister for Energy Transition, the French
  government has earmarked approximately 787
  million to reduce energy consumption and offer up
  to 8,816 per household in subsidies to replace
  gas boilers with energy-efficient heat pumps.
• Air-to-water heat pumps capture and use heat
  present in the air and therefore emit less carbon
  dioxide as compared to conventional combustion
  heaters that rely on fossil fuels. Rising
  environmental awareness and increasing volatility
  associated with the energy supply is expected to
  propel the demand for eco-friendly heating
  systems like ASHPs.

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Continue

• In September 2022, Panasonic Corporation
  announced an investment worth 145 million euros
  in its Czech plant by FY ending in March 2026 in
  line with a steady shift from fossil fuel-based
  energy sources to sustainable energy systems. The
  investment will accelerate the production of
  air-to-water heat pumps.
• Amidst rapid electrification of industries and
  industrial processes, Trane Technologies owned
  Trane unveiled the Ascent Air-to-Water Heat Pump
  Model ACX, a first-of-its-kind A2W solution in
  its portfolio that provides electric heating as
  well as cooling. It will allow building owners to
  achieve decarbonization through electric
  solutions.
• The new ACX model is designed with heat pump
  technology as well as a chiller which enables the
  heating and cooling of space using electricity.
  In addition to this, it transfers heat with the
  help of a compressor. As a result, this technique
  makes heat pumps nearly three times more
  efficient than other electric heating solutions.
• In November 2021, Worcester Bosch, a subsidiary
  of Robert Bosch launched a low-carbon A2W heat
  pump called the 7001iAW and a hybrid heat pump
  and boiler, Hybrid 7000iAW. The former A2W heat
  pump enables heating and cooling for homeowners,
  whereas the hybrid product ensures compatibility
  with a wide variety of combi boilers and heat
  pumps.

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Air Source Heat Pump Market

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