Italy 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 & Opp

The Italy Air Source Heat Pump Market size is anticipated to grow at an impressive CAGR during the forecast period.

A heat pump is a heating system that, like a furnace or boiler, distributes heat around a house or building without using fuel. Heat pumps use the same heat transfer mechanism and the majority of air conditioner equipment. To take heat from an interior space and discharge it outside of a building, air conditioners utilize a closed loop refrigerant system. Heat pumps simply reverse the heat flow, extracting heat from the outside and releasing it inside a building.

Italy is one of the biggest markets for heat pump in Europe and is still expanding. It has sharply risen in the past couple of years. Up to 97% of heat pumps rely on air as their energy source, with the remaining units primarily using ground-source technology. In many regions of Italy, cooling requirements outweigh heating requirements. As a result, the majority of heat pumps that have been installed, are reversible air to air systems that are mostly utilized for cooling. But for a significant part of the country, they also meet the need for indoor heating in the winter.

Increasing Government Initiative Will Fuel the Market Growth

Rising Demand for Sustainable Solution Will Boost the Market Growth

Heat pumps are easily accessible options that can assist in meeting the demand for more sustainable space and water heating, as the whole world concentrates on lowering greenhouse gas emissions. For instance, according to the EIA's Annual Energy Outlook, water heating is another significant source of emissions, accounting for 15% of CO2 emissions in the residential sector. More and more customers and companies are installing heat pumps because of improved comfort, cost and energy savings, and a desire for environmental responsibility. These choices can have a significant effect. In commercial settings, heating and cooling contribute 30% of CO2 emissions; in residential settings, this percentage rises to 38%. Thus, increasing awareness regarding the environment will foster the market growth.

Technological Advancement Will Promote Market Growth

Companies that make air source heat pumps are improving their devices with advanced technologies. As a result of new technological advancements, companies now have more possibilities to develop new goods with distinctive qualities in order to meet consumer demand. For instance, to complete its R-32 monobloc range, Daikin has launched the new Daikin Altherma 3 Min compact capacity. It can produce hot water, heat, and cooling. With a power range of 9 kW to 16 kW, this monobloc heat pump was launched for the first time in 2020. There are three additional classes found at for the new Daikin Altherma 3 M. (4, 6 and 8 kW). Thus, these innovations will lead to market growth.

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Market Segmentation

Italy air source heat pump market is segmented based on process, end use, sales channel, region, and competitional landscape. Based on process, the market is further fragmented into air to air (ducts vs. ductless) and air to water (split vs. integrated). Based on end use, the market is segmented into residential, hotels & resorts, gym & spas, education, food service, and others (healthcare, offices, etc.). Based on sales channels, the market is segmented into plumbers, dealers & contractors, retail, direct sales, online, and others (distributors, builders, etc.). The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North-West, South, Central and North-East.

Market Players

Carrier Global Corporation, Stiebel Eltron GmbH & Co. KG (DE), Mitsubishi Electric Europe B.V., Trane Technologies Company, LLC, Toshiba Europe Limited, Johnson Controls International Plc, Daikin Industries, Ltd, Argoclima S.p.A., Frost Italy Srl and Galletti S.p.A. are the major market players in Italy air source heat pump market.