Government initiatives toward renewable heating technologies, technological developments for reliable and efficient heating systems, and low maintenance are driving France’s air source heat pump market.
According to TechSci Research report, “France Air Source Heat Pump Market–Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F”. The France air source heat pump market is expected to grow at a higher pace during the forecast period because the French government is promoting using renewable energy systems for heating and cooling purposes. Heat pump installation in Europe is expected to increase because of growing concerns about climate change and initiatives to reduce reliance on fossil fuels for heating and cooling systems. The usage of fossil fuels in many industries is being reduced through several government-led programs.
The companies are implementing various strategic plans to increase their product offerings and to create new products through collaborations and investments. For instance, Carrier said in April 2022 that it would spend approximately USD 16 million to build a new R&D Center of Excellence in Italy. The new plant will create advanced heat pumps, hydrogen-ready boilers, and IoT-based solutions for residential and commercial applications across France by the end of 2023.
In 2021, the Saunier Duval range launched GeniaAir Max and GeniaSet Max heat pumps which supply heating, cooling, and domestic hot water production (integrated or remote) by utilizing energy naturally present in the outside air. They operate with heated floors as well as medium and high-temperature radiators. GeniaAir Max and GeniaSet Max are sustainable solutions with almost zero environmental impact. These heat pumps produce an acoustic pressure of only 32 dB, which is always lower. They will fit seamlessly into crowded metropolitan environments. GeniaAir Max and GeniaSet Max heat pumps ensure all-season comfort and daily energy savings with a COP (Coefficient of Performance) of up to 4.9 and seasonal efficiency up to 191%.
Compared to conventional heat pumps, heat pumps use less electricity and produce less carbon dioxide when burning natural gas. Heat pumps pump and distribute hot air into a cold environment to create warmth, and vice versa, with a refrigerant. They don’t use any fuel to accomplish this. Therefore, heat pump adoption is overgrowing across all primary heating markets, including France. The technology has traditionally been used in milder areas, where it rarely gets below freezing point for an extended period.
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The France air source heat pump market is segmented on the basis of process, end-use, and sales channels. Based on the process, the market is further divided into air to air (ducts, ductless), air to water (split, integrated). Based on end use the market is split into residential, hotels & resorts, gyms & spas, education, food service, and others (healthcare, offices, etc.). Based on sales channel, the market is fragmented into plumbers, dealers & contractors, retail, direct sales, online, and others (Distributors, Builders, etc.). On the basis of region, the market is divided into Northern France, Western France, Southern France, Eastern France, , and Central France.
Key market players in the Global France Air Source Heat Pump Market include:
- Mitsubishi Electric Europe B.V.
- Daikin Airconditioning France SAS
- STIEBEL ELTRON GmbH & Co. KG (DE)
- Groupe Atlantic
- De Dietrich S.A.S.
- Auer SAS
- Panasonic Marketing Europe GmbH
- Saunier Duval Eau Chaude Chauffage SAS
- Airwell Residential SAS
- Hitachi Europe Limited
Various international and domestic companies are trying to enhance their market reach by increasing their mergers and acquisitions. For instance, in 2021, Carrier Global Corporation completed its acquisition with Toshiba Corporation’s ownership stake in Toshiba Carrier Corporation (TCC). With this acquisition,Carrier expanded its market development opportunities in the quickly growing, energy-efficient VRF and heat pump sectors.
Moreover, in 2022, according to data from the trade organization Energy & Utilities Alliance (EUA), the average cost of heat pump installations in France is like that in the UK at USD 11,000, but 537,000 heat pumps were sold in France last year, more than ten times the 50,000 that were installed in the UK. Therefore, this indicates that the air source heat pump market is expected to grow during the forecast period.
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“The demand for air-source heat pumps is rising as consumers in France are switching from fossil fuel heat-generating solutions to efficient heat pumps, which can be a step toward zero carbon systems. As more advanced heat pump technologies are developed to offer better energy efficiency and provide additional heating capacity to colder, northern regions, the demand for heat pumps is rising. These innovations, coupled with consumer interest and government decarbonization initiatives, point to the continued growth of the heat pump market in France during the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“France 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 & Opportunities, 2018-2028F”, has evaluated the future growth potential of air source heat pump in the France market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the France air source heat pump market.
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