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
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationUnited 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 is tackling fuel poverty head-on with their Home Energy Scotland initiative! They're offering interest-free loans to help you cover the initial costs of switching to renewable energy, like ground and air source heat pumps. Imagine getting up to USD 21,100 in interest relief when you install these eco-friendly devices. Plus, depending on the renewable system you choose, you could see a payback of up to 75%! These government schemes are really encouraging folks to invest in heat pumps, which is expected to give the market a real boost in the coming years. Learn more here.
Initiative from Companies is Fueling the Market Growth
Lots of companies are chipping in to help the government meet its goals, mainly by getting more heat pumps into homes. They're even making it easier on your wallet by offering installations at lower prices! Take British Gas, for example. You probably know them for energy and home services in the UK. Well, they're serious about helping customers cut emissions and are offering heat pump installations for around USD 6,050. They even completed their first air source heat pump installation in 2022 as part of their big rollout plan. And through their PH Jones brand (part of the Centrica family), they're busy installing air source heat pumps in social housing – they've already put in over 1,500 a year and are aiming for 20,000 by 2025!
Energy Efficiency of Heat Pump Water Heaters Fuels Market Growth
Looking for an efficient way to heat your home? Air source heat pumps are a popular choice these days! Now, you might be thinking, "My old boiler is pretty good." And it might be – traditional boilers can be up to 92% efficient. But think about itthat still means you're losing 8% of the energy you're paying for. Older boilers? They could be wasting as much as 30%, running at only 70% efficiency! Heat pumps, on the other hand, are seriously impressive. They can have efficiency ratings of over 300%, meaning they produce 3kW of heat for every 1kW of power they use. When you consider the environmental impact, heat pumps are a much better bet than burning fossil fuels. Plus, because they're so energy efficient, more and more homeowners are switching to air source heat pumps to save money on their electricity bills, which is why the market for them is expected to keep growing!
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
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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 | 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. |
| 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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