Norway 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 CustomizationNorway 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
Even at -15°C air temperatures, the pump extracts heat.
Although air-source heat pumps require power, their heat outweighs the electricity used. They are, therefore, an energy-efficient way to heat the house.
eplacing a boiler with a heat pump may result in more than 50% immediate energy savings.
Heat is transferred from an outdoor air source to a water-based system using air-to-water heat pumps. The heat produced can heat rooms or provide hot water for the entire home. One of the most effective types of air-source heat pumps found at in the market are the air-to-water heat pumps.
where outdoor temperatures drop below -20°C, an air-to-water heat pump performs well at 7°C. Hence, the drop in temperature impact the operational efficiency.
Air-to-air heat pumps draw in outside air, which passes through a compressor to extract heat and then pumps that heated air throughout the house. This technology can also be used in reverse to cool a home during the heat. It absorbs heat in one area and releases it in another using the principles of vapor compression refrigeration.
Air-to-air heat pump can usually generate up to 4.5 times of the energy it consumes.
Increasing Demand from Air-to-Air is Driving the Market Growth
The yearly sales of heat pumps climbed from 65,000 in 2015 to 125,000 in 2021,
Product Enhancement Fuels the Market Growth
heat pump that can generate temperatures up to 180°C (356°F) and is suited for many industrial operations. 20% of European industries that need temperatures between 100°C (212°F) and 180°C can use the new heat pump.
High Upfront Cost May Hinder the Market Growth
A major obstacle hindering the market is the high upfront cost of air-source heat pumps. A gas boiler may cost around USD 520 to USD 1040 and can last up to 20 years. At the same time, air-to-air, which costs around USD 1,700 to USD3 ,400, is a comparatively cheaper option than air-to-water heat pumps, which can cost up to USD 15,500. Even though air-source heat pumps have less maintenance cost, consumers in Norway are still interested in gas boilers because the initial investment cost is low. Due to this, the demand for air-source heat pumps could be slow and hinder the market in the projected period.
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Market Segmentation
The Norway Air Source Heat Pump Market is segmented based on process, end use, sales channel, region, and by company. Based on the process, the market is segmented into air-to-air (ducts, ductless), and air-to-water (split, integrated). Based on end-user, the market is divided into residential, hotels & resorts, gyms & spas, education, food service, and others. Based on sales channel, the market is fragmented into plumbers, dealers & contractors, retail, direct sales, online, and others (Distributors, Builders, etc.).
Market Players
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| 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 | Eastern Norway, Southern Norway, Fjord Norway, Northern Norway, and Trøndelag |
| Key companies profiled | Daikin Europe N.V., Mitsubishi Electric Europe BV, Toshiba Europe Limited, Panasonic Marketing Europe GmbH, ABK-Qviller AS (Samsung), GEA Group AG, Fujitsu General Limited, Hitachi Europe Ltd., Wilfa AS, CloverVent AS, etc. |
| 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) |
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