Italy Air Source Heat Pump Market Growth, Trends, Report 2028

Summary

Report Description

The Italy Air Source Heat Pump Market size is anticipated to grow at an impressive CAGR during the forecast period. The air source heat pump market is anticipated to project robust growth in the forecast period on account of factors such as increasing demand for sustainable solutions, rising awareness for environment conservation, and high durability. In addition, new product launches by various companies is a prominent trend that is anticipated to affect the market, throughout the forecasted 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

Numerous homes from Italy and abroad have flocked to take advantage of the Superbonus 110% programme, which has so far costed the government roughly USD21.81 billion, since it was introduced in July 2020, as a part of nation's post-pandemic recovery plan. Italy's case demonstrates how governments may encourage industry's activities by cultivating an environment that is conducive to growth while also educating the customers about environment friendly heating options. The Superbonus program urges Italians to consider the environmental benefits and overall cost of ownership of a heat pump, in comparison to a conventional boiler. This serves as a driving force for customers to think about sustainable alternatives to fossil fuel-based heating systems. The country will eventually benefit from their investments in a booming sector and the environmental advantages of decreasing CO2 emission. Thus, such initiatives will amplify 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 introduced for the first time in 2020. There are three additional classes available for the new Daikin Altherma 3 M. (4, 6 and 8 kW). Thus, these innovations will lead to market growth.

Download Free Sample Report

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.

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)

Report Scope:

In this report, Italy air source heat pump market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Italy Air Source Heat Pump Market, By Process:

Air to Air
Air to Water

Italy Air Source Heat Pump Market, By End Use:

Residential
Hotels & Resorts
Gym & Spas
Education
Food Service
Others

Italy Air Source Heat Pump Market, By Sales Channel:

Plumbers
Dealers & Contractors
Retail
Direct Sales
Online
Others

Italy Air Source Heat Pump Market, By Region:

North-West
South
Central
North-East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Italy air source heat pump market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Italy air source heat pump market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Voice of Customer Analysis (B2C Model Analysis)

4.1. Sample Size Determination

4.2. Respondent Demographics

4.2.1. By Gender

4.2.2. By Age

4.2.3. By Occupation

4.3. Preferred Way for Heating Water

4.4. Brand Awareness

4.5. Sources of Awareness

4.6. Factors Influencing Purchase Decision

4.7. Challenges Faced Post Purchase

5. Italy Air Source Heat Pump Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.1.2. By Volume

5.2. Market Share & Forecast

5.2.1. By Process Market Share Analysis (Air to Air, Air to Water)

5.2.2. By End Use Market Share Analysis (Residential, Hotels & Resorts, Gym & Spas, Education, Food Service, and Others (Healthcare, Offices, etc.)

5.2.3. By Sales Channel Market Share Analysis (Plumbers, Dealers & Contractors, Retail, Direct Sales, Online, and Others (Distributors, Builders, etc.))

5.2.4. By Regional Market Share Analysis

5.2.4.1. North-West Market Analysis

5.2.4.2. South Market Analysis

5.2.4.3. Central Market Analysis

5.2.4.4. North-East Market Analysis

5.2.5. By Company Market Share Analysis

5.3. Italy Market Mapping & Opportunity Assessment

5.3.1. By Process Market Mapping & Opportunity Assessment

5.3.2. By End Use Market Mapping & Opportunity Assessment

5.3.3. By Sales Channel Market Mapping & Opportunity Assessment

5.3.4. By Regional Market Mapping & Opportunity Assessment

6. Air to Air Heat Pump Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.1.2. By Volume

6.2. Market Share & Forecast

6.2.1. By Type Market Share Analysis (Ducts, Ductless)

6.2.2. By End Use Market Share Analysis

6.2.3. By Sales Channel Market Share Analysis

6.3. Product Benchmarking (Best Selling SKU’s)

7. Air to Water Heat Pump Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.1.2. By Volume

7.2. Market Share & Forecast

7.2.1. By Type Market Share Analysis (Split, Integrated)

7.2.2. By Tank Capacity Market Share Analysis (Less than 200L, 200L to 300L, More than 300L)

7.2.3. By End Use Market Share Analysis

7.2.4. By Sales Channel Market Share Analysis

7.3. Product Benchmarking (Best Selling SKU’s)

8. Market Dynamics

8.1. Drivers

8.1.1. Increasing Awareness Towards Environment

8.1.2. Rising Government Initiative

8.1.3. Increasing Price of Fossil Fuels

8.2. Challenges

8.2.1. High Up-front Cost

8.2.2. Stiff Competition

9. Impact of COVID-19 on Italy Air Source Heat Pump Market

9.1. Impact Assessment Model

9.1.1. Key Segments Impacted

9.1.2. Key Regions Impacted

10. Market Trends & Developments

10.1. Adoption of New Technologies

10.2. Energy Efficient Products

10.3. High Durability

10.4. Low Noise Emission

10.5. Increasing Internet Penetration

11. Porter’s Five Forces Model

11.1. Competition Landscape

11.2. Buyer Power

11.3. Supplier Power

11.4. Threat of New Entrants

11.5. Threat of Substitutes

12. SWOT Analysis

12.1. Strengths

12.2. Weaknesses

12.3. Opportunity

12.4. Threat

13. Competitive Landscape

13.1. Competition Outlook

13.2. Company Profiles

13.2.1. Carrier Global Corporation

13.2.1.1. Company Details

13.2.1.2. Products & Services

13.2.1.3. Financials (As Reported)

13.2.1.4. Key Market Focus & Geographical Presence

13.2.1.5. Recent Developments

13.2.1.6. Key Management Personnel

13.2.2. Stiebel Eltron GmbH & Co. KG (DE)

13.2.2.1. Company Details

13.2.2.2. Products & Services

13.2.2.3. Financials (As Reported)

13.2.2.4. Key Market Focus & Geographical Presence

13.2.2.5. Recent Developments

13.2.2.6. Key Management Personnel

13.2.3. Mitsubishi Electric Europe B.V.

13.2.3.1. Company Details

13.2.3.2. Products & Services

13.2.3.3. Financials (As Reported)

13.2.3.4. Key Market Focus & Geographical Presence

13.2.3.5. Recent Developments

13.2.3.6. Key Management Personnel

13.2.4. Trane Technologies Company, LLC

13.2.4.1. Company Details

13.2.4.2. Products & Services

13.2.4.3. Financials (As Reported)

13.2.4.4. Key Market Focus & Geographical Presence

13.2.4.5. Recent Developments

13.2.4.6. Key Management Personnel

13.2.5. Toshiba Europe Limited

13.2.5.1. Company Details

13.2.5.2. Products & Services

13.2.5.3. Financials (As Reported)

13.2.5.4. Key Market Focus & Geographical Presence

13.2.5.5. Recent Developments

13.2.5.6. Key Management Personnel

13.2.6. Johnson Controls International Plc

13.2.6.1. Company Details

13.2.6.2. Products & Services

13.2.6.3. Financials (As Reported)

13.2.6.4. Key Market Focus & Geographical Presence

13.2.6.5. Recent Developments

13.2.6.6. Key Management Personnel

13.2.7. Daikin Industries, Ltd

13.2.7.1. Company Details

13.2.7.2. Products & Services

13.2.7.3. Financials (As Reported)

13.2.7.4. Key Market Focus & Geographical Presence

13.2.7.5. Recent Developments

13.2.7.6. Key Management Personnel

13.2.8. Argoclima S.p.A.

13.2.8.1. Company Details

13.2.8.2. Products & Services

13.2.8.3. Financials (As Reported)

13.2.8.4. Key Market Focus & Geographical Presence

13.2.8.5. Recent Developments

13.2.8.6. Key Management Personnel

13.2.9. Frost Italy Srl

13.2.9.1. Company Details

13.2.9.2. Products & Services

13.2.9.3. Financials (As Reported)

13.2.9.4. Key Market Focus & Geographical Presence

13.2.9.5. Recent Developments

13.2.9.6. Key Management Personnel

13.2.10. Galletti S.p.A.

13.2.10.1. Business Overview

13.2.10.2. Company Details

13.2.10.3. Products & Services

13.2.10.4. Financials (As Reported)

13.2.10.5. Key Market Focus & Geographical Presence

13.2.10.6. Recent Developments

13.2.10.7. Key Management Personnel

14. Strategic Recommendations/Action Plan

14.1. Key Focus Areas

14.2. Target Regions

14.3. Target Process

14.4. Target End Use

14.5. Target Sales Channel

Figures and Tables

Frequently asked questions

What are the key factors driving the Air source heat pump market growth in Italy?

The Italy air source heat pump market is currently being stimulated by increasing concern for environment, high durability, low maintenance cost, improved air quality and high energy efficiency.

Are heat pumps used in Italy?

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-air systems that are mostly utilised for cooling. But in a significant portion of the nation, they are also adequate for space heating demands during the cooler months.

Why is there no air conditioning in Italy?

To reduce its reliance on Russian gas, Italy turns down the air conditioning. Italy is limiting the use of air conditioning and heating in public buildings because of growing energy prices and a lack of security about gas supplies.

What is the life expectancy of a heat pump?

Although certain heat pumps can stop working after ten years, heat pumps typically last fifteen years on average. Some of the more recent products being made now can last a little bit longer. Maintenance is the factor that has the biggest impact onthe durability of the heat pump.

Related Reports

Parvati Sharma

Account Manager BD

Talk To Analyst

Press Release

Air to Air Segment in Italy Air Source Heat Pumps Market to Grow During the Forecast Period

Dec, 2022

Increasing government initiative towards energy conservation and rising carbon emission are the factors driving the air source heat pump market in Italy.

Buy Now