High energy efficiency of air source heat pumps and low electricity bills are the factors driving the air source heat pump market in New Zealand.
According to TechSci Research report, “New Zealand Air Source Heat Pumps Market – Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F” The New Zealand Air Source Heat Pumps market is anticipated to project robust growth during the forecast period on account of low carbon emissions, high durability, and high humidity in New Zealand. Technologically advanced products launched by various companies is a prominent trend that is anticipated to affect new product launches throughout the forecasted period.
An air source heat pump (ASHP) transfers heat from the outside air to an inside environment. When it gets hot outside, it reverses direction and acts as an air conditioner, removing heat from the house. This heat radiates and supplies household hot water via wet central heating systems. Heat pumps, like refrigerators, absorb heat and transfer it to another medium. An air source pump is a different approach to heat home. Customers will be able to generate their own renewable heat and save money on their energy bills. Heat pumps can save more money on heating expenses if customers replace an expensive system like electric storage heaters, oil, LPG (liquefied petroleum gas), or coal with heat pumps instead of gas.
Most heat pumps in New Zealand include basic features such as timers, dehumidifying modes, and variable fan speeds, giving customers more control over when and how unit runs. Wi-Fi enabled systems allow users to control the heat pump remotely from their phone, and heat pumps with ionization help to remove pollutants from the air.
There are two types of air source heat pumps. First is air to air heat pump in which heat is transferred into home directly through a fan system by air to air heat pumps, which take heat from the outside air and use it to warm a space within home. The second category is air to water heat pump in which heat from the outside air is captured by air to water heat pumps, which subsequently transmit that heat to a space’s radiators, underfloor heating, or hot water supply (or all three).
They are the most energy-efficient and cost-effective electric approach to keep home warm and dry throughout the cooler months. Aside from utilizing less energy, the air source heat pump is recognized for producing lower greenhouse gas emissions.
Heat pumps are among the most energy-efficient heating options available in New Zealand, according to government agency EECA (Energy Efficiency Conservation Authority). This is so because heat pumps only transfer heat that is already present from one place to another. The compressor takes up the majority of the little electrical energy that is required. Mostly air source heat pumps are equipped with advanced filtration systems to provide the best air quality possible by filtering and deodorizing the air, which is important for both asthma and allergy patients. Together, these two processes break down or neutralize even the smallest airborne particles, removing them from the environment.
Browse over xx market data Figures spread through xx Pages and an in-depth TOC on the “New Zealand Air Source Heat Pump Market.”
New Zealand air source heat pump market is segmented based on process, end use, sales channel, region, and competitive 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 into North Island and South Island.
Key market players in the Air Source Heat Pumps Market include:
- Rheem New Zealand Ltd.
- Daikin Air Conditioning New Zealand Ltd.
- Black Diamond Technologies Limited (Mitsubishi)
- Panasonic New Zealand Limited
- Toshiba (Australia) Pty Limited
- Hot Water Heat Pumps Ltd.
- Johnson Controls International Plc. (Hitachi)
- Stiebel Eltron NZ Limited
- Energy Alternatives NZ
- The Alternative Energy Company Ltd.
To remain competitive in the market, manufacturers are focusing on new technologically advanced product innovations and launches. For instance, The e3 Classic series from Fujitsu uses an advanced thermodynamic system that uses R32 refrigerant to heat or cool a home. When paired with Fujitsu’s twin rotary DC compressor, DC Inverter control, and DC fan motor technologies, these components offer greater value than earlier systems. Other characteristics include human sensor control, which activates an energy-saving mode and reduces capacity until the sensor senses human movement once again. A pyroelectric infrared sensor with a range of 6 meters and a 90° to 100° horizontal field of view may detect human presence in space.
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“Launching of new technologically advanced products is a significant trend that is expected to have an impact on growth of air market over the forecast period. Increasing energy efficiency, low carbon emissions and new housing projects by government will have positive impact on air source heat pump market. Moreover, the ease of availability of wide range of air source heat pump products to meet the customer requirement, as well as the growing popularity of the online sales channels and sales and discount, are the certain crucial factors influencing the market growth,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
New Zealand 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 & Opportunities, 2018-2028F, has evaluated the future growth potential of Air Source Heat Pumps products 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 Air Source Heat Pump Market in New Zealand.
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