United Kingdom 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 &

Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format

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United Kingdom 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 &

The United Kingdom Air Source Heat Pump Market is driven by rising awareness about the adverse effects of greenhouse gas, growth in infrastructure development to cater the increasing population, along with various government schemes.

Even when the temperature drops to -15°C or even -25°C, the pump, which is located outside the house, continues to take heat from the air.

United Kingdom Air Source Heat Pump market has been fueled by the rising need for heat pumps brought on by the expansion of the residential and commercial building sectors as well as government subsidies for improving energy efficiency and lowering carbon emissions. Additionally, because residential facilities have more affordable heat pumps, the demand has increased.

Due to their great energy efficiency and low carbon emissions, several governments are attempting to enact energy conservation legislation. To organize, monitor, and create energy conservation policies as part of its energy efficiency policy, the U.K. government established energy efficiency offices.

For instance, Daikin Europe recently launched the Daikin Altherma 3 R, a high-capacity R-32 refrigerant split air to the water heat pump that provides household hot water setup in addition to cooling and heating.

A central heating and hot water system can use heat pumps, a relatively recent technology, to move heat from the earth or outside air around it. Compared to gas, they are far cleaner and more energy efficient.

Currently, gas boilers provide more than 85% of the household heating in United Kingdom.

Download Free Sample ReportGovernment Schemes are Driving the Market Growth

To lower carbon emissions in houses, the government revealed a USD 4.7 billion funding package as part of the Heat and Buildings Strategy. This funding package includes the boiler upgrade program. Heat pumps, which are more environment friendly than natural gas boilers, can be purchased for UK houses with government funding. For air source heat pumps, homeowners are eligible for government grants worth up to USD 6,050.

The Scottish government's “Home Energy Scotland” is a project to end fuel poverty in Scotland. The program provides interest-free loans to cover the upfront expenditures of renewable energy sources, including ground and air source heat pumps. Through this program, one can receive up to USD 21,100 interest to the consumers when they install devices with renewable energy. Depending on the type of renewable system chosen, one can also gain from a payback of up to 75%. These schemes from the government are encouraging the consumers to buy more heat pumps which is fueling the market growth in the forecast period.


MIR Segment1

Initiative from Companies is Fueling the Market Growth

To support the government many companies are stepping forward and taking initiatives to install more heat pumps in the country, along with that they are offering heat pump installations at a cheaper rate. For instance, British Gas offers both energy and residential services in the UK. To assist more of their clients in reducing their emissions, they have announced that they will be offering heat pump installations for USD 6,050. As a result, British Gas completed their first installation of an air source heat pump in 2022 as part of their British Gas rollout plan. Under the PH Jones brand, the parent firm of British Gas, Centrica, is currently putting in air source heat pumps in social housing and they have already installed more than 1,500 units annually and are planning to install 20,000 units by 2025.

Energy Efficiency of Heat Pump Water Heaters Fuels Market Growth

One of the efficient home heating systems found at today are air source heat pumps. Traditional boilers are 92% efficient. This means only 92% of the energy is utilized by the boiler to convert into heat generation for the house. Therefore, by using fossil fuels to generate heat, the consumer loses at least 8% of the energy. Older boilers may even lose 30% of their energy and have efficiency of around 70%. On the other hand, heat pumps have an efficiency rating of over 300%, producing 3kW of heat energy for every kW of power used. Heat pumps are a preferable option when compared to fossil fuel options when it comes to the environment. Due to energy efficient property, the consumers are shifting towards air source heat pump in order to save the electricity bill, due to which the market is expected to grow during the forecast period.

Market Segmentation

United Kingdom Air Source Heat Pump market is segmented based on process, end use, sales channel, region, and by company. Based on process, the market is segmented into air to air (ducts, ductless), air to water (split, integrated). Based on end use the market is divided into residential, hotels & resorts, gym & 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


MIR Regional

,

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

England, Scotland, Wales, and Northern Ireland

Key companies profiled

Viessmann Climate Solutions SE., Vaillant Group UK Limited, Daikin Airconditioning UK Ltd., Hitachi Europe Ltd., Robert Bosch UK Holdings Limited, NIBE Energy Systems Limited, Samsung Electronics (UK) Limited, Trane UK Limited, Aermec UK Ltd, Mitsubishi Electric Europe B.V., etc.

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