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
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 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's a major player in the European heat pump scene, and it's only getting bigger! We've seen a huge jump in popularity recently. Interestingly, almost all (around 97%) of these heat pumps pull their energy from the air, while the rest tap into the earth. Now, here's a twista lot of Italy actually needs more cooling than heating. So, most folks are installing reversible air-to-air systems that are mostly used to beat the heat. But hey, for a big chunk of the country, these nifty devices also come in handy for keeping homes warm during the winter months.
Increasing Government Initiative Will Fuel the Market Growth
Rising Demand for Sustainable Solution Will Boost the Market Growth
As the world focuses on cutting greenhouse gas emissions, heat pumps are becoming a go-to choice for more sustainable heating and cooling. Think about iteven something as simple as heating water makes a big impact. According to the EIA's Annual Energy Outlook, it's responsible for 15% of CO2 emissions just in our homes! That's why you're seeing more and more folks, both homeowners and businesses, switching to heat pumps. They're not just better for the planet; they also offer increased comfort, lower energy bills, and overall cost savings. Making these changes can really add up. In the business world, heating and cooling contribute to 30% of CO2 emissions, and at home, it's even higher at 38%. So, as we all become more aware of our environmental impact, expect the popularity of heat pumps to keep growing!
Technological Advancement Will Promote Market Growth
Air source heat pump companies are constantly finding ways to make their products better with all sorts of cool new tech. This means they can create more innovative products with unique features that customers actually want. Take Daikin, for example. They just released the new Daikin Altherma 3 M, a compact addition to their R-32 monobloc range. This thing can do it all – hot water, heating, and cooling! The first model, with a power range of 9 kW to 16 kW, came out in 2020. Now, you can also find it in smaller sizes4, 6, and 8 kW. You can read more about it here. All this innovation is really helping the market grow!
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Market Segmentation
The Italian market for air source heat pumps is broken down in a few key wayshow they work (process), where they're used (end use), how they're sold (sales channel), the region of Italy where they're popular, and of course, who the big players are (competitive landscape). When we talk about "process," we're looking at air to air (either with ducts or ductless systems) versus air to water (split or integrated units). End use is pretty broad, ranging from residential homes to hotels & resorts, gym & spas, education, food service, and other places like healthcare facilities and offices. Getting your hands on a heat pump happens through various sales channels, including plumbers, dealers & contractors, retail stores, direct sales, online retailers, and other avenues like distributors and builders. Finally, we also slice the market by region, focusing on North-West, South, Central, and North-East Italy to understand local trends.
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.
| 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-West, South, Central and North-East |
| Key companies profiled | 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. 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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