Finland 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 & Opportun
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationFinland 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 & Opportun
The Finland Air Source Heat Pump Market is expected to be driven by growing need for energy-efficient solutions and low maintenance cost. Additionally, the growing environmental awareness, which led to an expected increase in market demand during the forecast period is encouraging the use of electric heat pumps.
1.2 million heat pumps in Finland already supply about 20% of the
According to information provided by the Finnish Heat Pump Association SULPU, 130,000 heat pumps were built last year, with investments reaching EUR 800 million.
However, Air-to-air heat pumps, which may also be used for cooling, made up most of the heat pumps installed. According to the Finnish Heat Pump Association, the market share for air-to-air heat pumps used for cooling is 10% to 15%.
However, Oilon opened a new unit in Kokkola in November 2021 to produce industrial heat pumps in Finland. The new plant’s capacity is four times greater than the current one.
Reduction in Tax Rates for Electricity Supply to Boost the Market
The European Union Council issued EU Council Decision No. 9659/22 on June 14, approving a proposal to allow Finland to charge lower taxes on electricity used to power specific heat pumps, electric boilers, and recirculating water pumps. The decision is effective from January 1, 2022, to December 31, 2027.
Innovative Technology to Boost the Market
Rising Awareness more Energy Efficient System to Boost the Market Growth
The market is becoming more aware of the importance of energy efficient products in helping to save money and energy, protect the environment, and improve lifestyle, which influences consumers to shift from traditional systems to modern energy efficient types of products such as heat pumps. The main advantage of using an air-source heat pump is its high efficiency in heating, which reduces greenhouse gas emissions while lowering household costs. For instance, in 2022, According to a K-Rauta survey, Finnish consumers are interested in conserving water and energy. Consumers are joining the effort to save energy by preferring energy-efficient lighting, air source heat pumps, and water-saving showers and faucets.
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
Company Profiles
Daikin Europe NV, Oilon Group, Carrier Global Corporation, Trane Technologies Company LLC, Viessmann Oy, Robert Bosch Oy, NIBE Energy Systems Oy, Panasonic Marketing Europe GmbH,
| 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 | Western Finland, Eastern Finland, Lapland, and Rest of Finland |
| Key Companies Profiled | Daikin Europe NV, Oilon Group, Carrier Global Corporation, Trane Technologies Company LLC, Viessmann Oy, Robert Bosch Oy, NIBE Energy Systems Oy, Panasonic Marketing Europe GmbH, Toshiba HVAC Finland, Gebwell Ltd. |
| 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) |
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