New Zealand 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
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 CustomizationThe New Zealand air source heat pump market size is anticipated to register an impressive CAGR during the forecast period. Heat pumps have evolved into the most energy-efficient electric heating/cooling systems found at in New Zealand.
Heat pumps heat home by absorbing heat from the outside and transferring it inside. When it's hot outdoors, it reverses direction and functions as an air conditioner, eliminating heat from home. Heat pumps are an effective technique to heat a room in the winter. They typically take 10-20 minutes to bring a room to the ideal temperature and easily maintain it.
Due to the high demand of air source heat pump in the country, heat pump manufacturers are prompted to offer new products
Download Free Sample ReportIncreasing Energy Efficiency of Air Source Heat Pump Will Fuel The Market Growth
Increasing Humidity in New Zealand Will Boost the Market Growth
Want good air inside? Think heating, insulation, and ventilation – they're the big three! But watch out for those unflued gas heaters; they pump out carbon dioxide and a ton of moisture, which can be seriously bad news, especially without enough fresh air. And let's face it, New Zealand gets a lot of rain, which means high humidity, especially up in the North Island. I mean, Auckland averages 82% humidity! That's where air source heat pumps come in handy. They can dehumidify while cooling or even have a "dry" mode to fight condensation and dampness. Basically, all that moisture is a big reason why heat pumps are so popular here.
New Housing Projects By Government Will Fuel Market Growth
Kiwis are really loving new homes these days, and with all the construction going on, air source heat pumps are becoming super popular all over New Zealand! Take the government's Mangere project in Auckland, for instance. It's a massive undertaking that started in 2022, aiming to swap out around 2,700 old state houses for up to 10,000 brand new, healthier ones. We're talking about building roughly 3,000 state houses, 3,500 affordable homes, and another 3,500 market homes over the next 10-15 years. These new homes and construction projects are a big deal, really driving the demand for heat pumps nationwide. And because builders are increasingly choosing them, we can expect the market to keep growing strong for years to come.
Market Segmentation
Let's break down the New Zealand air source heat pump scene. We can look at it a few different waysby the type of process involved, like air-to-air (either with ducts or ductless) versus air-to-water (split or integrated systems); by who's actually using them - is it for homes, fancy hotels & resorts, gyms, schools, restaurants, or somewhere else like hospitals or offices? Then there's how people are buying themare they calling up plumbers, talking to dealers & contractors, heading to retail stores, buying straight from the source, ordering online, or going through other channels like distributors and builders? Finally, we'll dig into regional differences, comparing the North Island to the South Island to see what's trending where.
Market Players
Rheem New Zealand Ltd
| 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 | North Island, South Island |
| Key companies profiled | Rheem New Zealand Ltd., Daikin Air Conditioning New Zealand Ltd., Black Diamond Technologies Limited (Mitsubishi), Panasonic New Zealand Limited, Toshiba (Australia) Pty Limited, Hot Water Heat Pumps Ltd., Johnson Controls International Plc. (Hitachi), Stiebel Eltron NZ Limited, Energy Alternatives NZ and The Alternative Energy Company Ltd. 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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