United Kingdom Air Source Heat Pump Market Share, Size, Growth & Forecast 2028

Summary

Report Description

The United Kingdom Air Source Heat Pump Market is driven by rising awareness about the adverse effects of greenhouse gas, growth in infrastructure development to cater the increasing population, along with various government schemes.

An air source heat pump is a device that uses outside air to convert into and hot water or air systems in the house. To generate heat water for the home's heating and hot water systems, an air source heat pump first takes heat from the outside and transforms it into a fluid. Even when the temperature drops to -15°C or even -25°C, the pump, which is located outside the house, continues to take heat from the air. It needs electricity to operate, but as it generates more heat than it uses electricity, it is more energy-efficient than typical heating systems.

United Kingdom Air Source Heat Pump market has been fueled by the rising need for heat pumps brought on by the expansion of the residential and commercial building sectors as well as government subsidies for improving energy efficiency and lowering carbon emissions. Additionally, because residential facilities have more affordable heat pumps, the demand has increased.

Due to their great energy efficiency and low carbon emissions, several governments are attempting to enact energy conservation legislation. To organize, monitor, and create energy conservation policies as part of its energy efficiency policy, the U.K. government established energy efficiency offices.

The COVID-19 pandemic restrictions were accompanied by new product launches and technological advancements that will propel the market's expansion. For instance, Daikin Europe recently introduced the Daikin Altherma 3 R, a high-capacity R-32 refrigerant split air to the water heat pump that provides household hot water setup in addition to cooling and heating.

A central heating and hot water system can use heat pumps, a relatively recent technology, to move heat from the earth or outside air around it. Compared to gas, they are far cleaner and more energy efficient.

Currently, gas boilers provide more than 85% of the household heating in United Kingdom. On the other hand, air source heat pumps, which are much more prevalent than ground source heat pumps, make up roughly 1% of the UK's heating systems and account for 2% of renewable heating. The UK government’s goal of net zero by 2050 is incompatible with this. An intergovernmental energy organization known as the International Energy Agency has urged for global action to outlaw gas boilers starting in 2025 and encourage the use of heat pumps in their place.

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Government Schemes are Driving the Market Growth

To lower carbon emissions in houses, the government revealed a USD 4.7 billion funding package as part of the Heat and Buildings Strategy. This funding package includes the boiler upgrade program. Heat pumps, which are more environment friendly than natural gas boilers, can be purchased for UK houses with government funding. For air source heat pumps, homeowners are eligible for government grants worth up to USD 6,050.

The Scottish government's “Home Energy Scotland” is a project to end fuel poverty in Scotland. The program provides interest-free loans to cover the upfront expenditures of renewable energy sources, including ground and air source heat pumps. Through this program, one can receive up to USD 21,100 interest to the consumers when they install devices with renewable energy. Depending on the type of renewable system chosen, one can also gain from a payback of up to 75%. These schemes from the government are encouraging the consumers to buy more heat pumps which is fueling the market growth in the forecast period.

Initiative from Companies is Fueling the Market Growth

To support the government many companies are stepping forward and taking initiatives to install more heat pumps in the country, along with that they are offering heat pump installations at a cheaper rate. For instance, British Gas offers both energy and residential services in the UK. To assist more of their clients in reducing their emissions, they have announced that they will be offering heat pump installations for USD 6,050. As a result, British Gas completed their first installation of an air source heat pump in 2022 as part of their British Gas rollout plan. Under the PH Jones brand, the parent firm of British Gas, Centrica, is currently putting in air source heat pumps in social housing and they have already installed more than 1,500 units annually and are planning to install 20,000 units by 2025.

Energy Efficiency of Heat Pump Water Heaters Fuels Market Growth

One of the efficient home heating systems available today are air source heat pumps. Traditional boilers are 92% efficient. This means only 92% of the energy is utilized by the boiler to convert into heat generation for the house. Therefore, by using fossil fuels to generate heat, the consumer loses at least 8% of the energy. Older boilers may even lose 30% of their energy and have efficiency of around 70%. On the other hand, heat pumps have an efficiency rating of over 300%, producing 3kW of heat energy for every kW of power used. Heat pumps are a preferable option when compared to fossil fuel options when it comes to the environment. Due to energy efficient property, the consumers are shifting towards air source heat pump in order to save the electricity bill, due to which the market is expected to grow during the forecast period.

Market Segmentation

United Kingdom Air Source Heat Pump market is segmented based on process, end use, sales channel, region, and by company. Based on process, the market is segmented into air to air (ducts, ductless), air to water (split, integrated). Based on end use the market is divided into residential, hotels & resorts, gym & spas, education, food service, and others. Based on sales channel, the market is fragmented into plumbers, dealers & contractors, retail, direct sales, online, and others(Distributors, Builders, etc.).

Market Players

Viessmann Climate Solutions SE., Vaillant Group UK Limited, Daikin Airconditioning UK Ltd., Hitachi Europe Ltd., Robert Bosch UK Holdings Limited, NIBE Energy Systems Limited, Samsung Electronics (UK) Limited, Trane UK Limited, Aermec UK Ltd, Mitsubishi Electric Europe B.V., are the major market players in United Kingdom 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	England, Scotland, Wales, and Northern Ireland
Key companies profiled	Viessmann Climate Solutions SE., Vaillant Group UK Limited, Daikin Airconditioning UK Ltd., Hitachi Europe Ltd., Robert Bosch UK Holdings Limited, NIBE Energy Systems Limited, Samsung Electronics (UK) Limited, Trane UK Limited, Aermec UK Ltd, Mitsubishi Electric Europe B.V., 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, United Kingdom Air Source Heat Pump market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

United Kingdom Air Source Heat Pump Market, By Process:

Air to Air
Air to Water

United Kingdom Air Source Heat Pump Market, By End Use:

Residential
Hotels & Resorts
Gym & Spas
Education
Food Service
Others

United Kingdom Air Source Heat Pump Market, By Sales Channel:

Plumbers
Dealers & Contractors
Retail
Direct Sales
Online
Others

United Kingdom Air Source Heat Pump Market, By Region:

England
Scotland
Wales
Northern Ireland

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in United Kingdom 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).

United Kingdom 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. United Kingdom 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 (Ducts, Ductless), Air to Water (Split, Integrated))

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. England Market Share Analysis

5.2.4.2. Scotland Market Share Analysis

5.2.4.3. Wales Market Share Analysis

5.2.4.4. Northern Ireland Market Share Analysis

5.2.5. By Company Market Share Analysis

5.3. United Kingdom 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. United Kingdom 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. United Kingdom 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. Low Operation Cost

8.1.2. Less Maintenance

8.2. Challenges

8.2.1. High Installation Cost

8.2.2. Low efficiency below certain temperature

9. Impact of COVID-19 on United Kingdom 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. Evolution of Refrigerant

10.2. Growing Demand for Wi-Fi enabled Heat Pumps

10.3. Increasing Schemes from Government

10.4. Rising Awareness of Geo-thermal as Energy Source

11. Porter’s Five Forces Model

11.1. Competitive Rivalry

11.2. Bargaining Power of Buyers

11.3. Bargaining Power of Suppliers

11.4. Threat of New Entrants

11.5. Threat of Substitutes

12. SWOT Analysis

12.1. Strengths

12.2. Weakness

12.3. Opportunities

12.4. Threats

13. Competitive Landscape

13.1. Company Profiles

13.1.1. Viessmann Climate Solutions SE.

13.1.1.1. Company Details

13.1.1.2. Products & Services

13.1.1.3. Financials (As Reported)

13.1.1.4. Key Market Focus & Geographical Presence

13.1.1.5. Recent Developments

13.1.1.6. Key Management Personnel

13.1.2. Vaillant Group UK Limited

13.1.2.1. Company Details

13.1.2.2. Products & Services

13.1.2.3. Financials (As Reported)

13.1.2.4. Key Market Focus & Geographical Presence

13.1.2.5. Recent Developments

13.1.2.6. Key Management Personnel

13.1.3. Daikin Airconditioning UK Ltd.

13.1.3.1. Company Details

13.1.3.2. Products & Services

13.1.3.3. Financials (As Reported)

13.1.3.4. Key Market Focus & Geographical Presence

13.1.3.5. Recent Developments

13.1.3.6. Key Management Personnel

13.1.4. Hitachi Europe Ltd.

13.1.4.1. Company Details

13.1.4.2. Products & Services

13.1.4.3. Financials (As Reported)

13.1.4.4. Key Market Focus & Geographical Presence

13.1.4.5. Recent Developments

13.1.4.6. Key Management Personnel

13.1.5. Robert Bosch UK Holdings Limited

13.1.5.1. Company Details

13.1.5.2. Products & Services

13.1.5.3. Financials (As Reported)

13.1.5.4. Key Market Focus & Geographical Presence

13.1.5.5. Recent Developments

13.1.5.6. Key Management Personnel

13.1.6. NIBE Energy Systems Limited

13.1.6.1. Company Details

13.1.6.2. Products & Services

13.1.6.3. Financials (As Reported)

13.1.6.4. Key Market Focus & Geographical Presence

13.1.6.5. Recent Developments

13.1.6.6. Key Management Personnel

13.1.7. Samsung Electronics (UK) Limited

13.1.7.1. Company Details

13.1.7.2. Products & Services

13.1.7.3. Financials (As Reported)

13.1.7.4. Key Market Focus & Geographical Presence

13.1.7.5. Recent Developments

13.1.7.6. Key Management Personnel

13.1.8. Trane UK Limited

13.1.8.1. Company Details

13.1.8.2. Products & Services

13.1.8.3. Financials (As Reported)

13.1.8.4. Key Market Focus & Geographical Presence

13.1.8.5. Recent Developments

13.1.8.6. Key Management Personnel

13.1.9. Aermec UK Ltd

13.1.9.1. Company Details

13.1.9.2. Products & Services

13.1.9.3. Financials (As Reported)

13.1.9.4. Key Market Focus & Geographical Presence

13.1.9.5. Recent Developments

13.1.9.6. Key Management Personnel

13.1.10. Mitsubishi Electric Europe B.V.

13.1.10.1. Business Overview

13.1.10.2. Company Details

13.1.10.3. Products & Services

13.1.10.4. Financials (As Reported)

13.1.10.5. Key Market Focus & Geographical Presence

13.1.10.6. Recent Developments

13.1.10.7. Key Management Personnel

14. Strategic Recommendations/Action Plan

14.1. Key Focus Areas

14.2. Target Regions

14.3. Target Type

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What are the segments in the Air Source Heat Pump market?

The United Kingdom Air Source Heat Pump market is segmented based on the process, end use, sales channel, region, and into competitive landscape.

What are the types of Air Source Heat Pump?

Air Source Heat Pumps are of two types, which are, air to air and air to water pumps. Air to air heat pumps are further divided into ducted heat pumps and ductless heat pumps. The air to water heat pumps are divided into split heat pumps and integrated heat pumps.

What are the drivers in the United Kingdom Air Source Heat Pump market?

Increasing government schemes, rising awareness of energy efficient products, and low running cost are some of the drivers which helps in boosting the Air Source Heat Pump Market size in United Kingdom.

Who are the key players in the Air Source Heat Pump market in United Kingdom?

Viessmann Climate Solutions SE., Vaillant Group UK Limited, Daikin Airconditioning UK Ltd., Hitachi Europe Ltd., Robert Bosch UK Holdings Limited, NIBE Energy Systems Limited, Samsung Electronics (UK) Limited, Trane UK Limited, Aermec UK Ltd, Mitsubishi Electric Europe B.V. are the key players in the United Kingdom Air Source Heat Pump market.

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Press Release

United Kingdom Air Source Heat Pumps to be Dominated by Scotland During the Forecast Period

Dec, 2022

Raising awareness towards energy efficient products, favored government policies, and low running cost of heat pumps are the factors driving the Air Source Heat Pump market in United Kingdom.

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