In terms of outlook per technology, the fast economic growth in China is expected to drive the demand for monobloc heat pump in the coming years while the slow recovery of the new-build activity and the lack of investment in the renovation sector in Europe are likely to curb the expansion of the split and exhaust air market segments. Exhaust air and geothermal heat pumps are not forecast to achieve double-digit growth, expanding respectively 7.4% and 4.9% per year on average at global level over 2014-2017. The tightening of product legislation either at European level (ErP) or by the US Energy Agency are expected to boost sales of heat pump water heater (17% CAGR).
About BSRIA’s heat pump market studies
BSRIA launched a new series of reports covering the heat pump market in the major countries in North America, Europe and Asia.
Analysis of the 14 countries researched in 2013 provides a full understanding of the market. It covers ground and water-to-water, air-to-water, exhaust air and cylinder-integrated units. Additional research has been undertaken to cover the forced air heat pump market typical in the USA.
BSRIA Heat Pump studies analyse the latest trend on the market in terms of sales developments, price evolution and the penetration of different product types. Each report provides an analysis of the route to the market, where products are sold to, for which application and which type of installation is carried out.
Forecasts are made based on drivers and obstacles identified among industry experts and based on market experts’ experience. In addition BSRIA provides recommendations on the potential challenges suppliers need to be aware of when making decision in their future business plan.
For more information or to order a copy of the report, contact BSRIA Worldwide Marketing Intelligence on firstname.lastname@example.org or +44 (0)1344 465 610.