Air Source Heat Pump Market In Europe Set For Growth

Air source heat pumps are becoming an increasingly popular choice for homes and businesses, and new research is predicting strong market growth for the sector in the coming years.

MarketWatch shared research which is predicting that across Europe over one million air source heat pumps will be in use by 2024.

In the UK, it’s expected that the market for these units will reach over 30,000 by 2024, with the report pointing to the recent extension of the Renewable Heat Incentive (RHI) tariffs and strengthening initiatives from utilities firms as some of the factors boosting their use.

The EU’s energy efficiency targets, which have an impact on government policies across the continent, are also driving the uptake of energy efficient heating solutions such as these.

Overall, the air source heat pump market in Europe is expected to grow by three per cent by 2024. One of the keys to increasing commercial use will be the delivery of units that are easy to integrate with conventional heating systems.

There are also a number of benefits to both businesses and homeowners introducing air source heat pumps, including their cost effectiveness, energy efficiency and ability to purify air.

The fact that they are easy to install and their ability to adjust quickly to control the temperature and keep it comfortable are other advantages to these systems, the news provider noted.

In the UK, the government’s focus is likely to be on encouraging businesses and industry to adopt more energy efficient technologies, including commercial heat pumps. A recent article for Open Access Government highlighted the importance of targeting this sector because it accounts for 25 per cent of the country’s emissions.