Sweden Air Source Heat Pumps Market: Predicted Rapid Growth with Trends, Competition, and Opportunity Analysis

Sweden Air Source Heat Pump Market is driven by the increasing infrastructural development and a shift from traditional heating solutions to air-source heat pumps.

According to TechSci Research report, “Sweden Air Source Heat Pumps Market - Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F” The Sweden Air Source Heat Pumps Market is anticipated to project robust growth in the forecast period because of increasing affordability, high durability, low maintenance, and rising government initiative. Various companies launch technologically advanced products with high energy efficiency, and having smart features is a prominent trend that is anticipated to affect new product launches throughout the forecasted period.

A heat pump with an air source or air-to-air component can deliver both cooling and heating. A heat pump brings heat from the outside air inside during the winter. It operates in reverse during the summer, drawing heat from indoor air and pumping it outside keeps the house cool. Air-source and air-to-air heat pumps are almost universally fueled by electricity. They have an inside air handler connected by refrigerant-filled tubing to an outdoor compressor/condenser unit. The refrigeration cycle is finished as the refrigerant travels through the system's tubing, warming, or chilling the coils inside the air handler. The blower draws air from the room, moves it around the coils, and then forces it back into the rooms through ductwork.

Air-to-water heat pumps, which belong to the second group, capture heat from the outside air and then transmit it to radiators, underfloor heating, or a hot water supply inside a space. They are the most affordable and practical electric way to keep houses warm and dry throughout the cooler months. It is well known that the air source heat pump uses less energy and emits fewer greenhouse gases.

In the past 14 years, the sale of heat pumps has more than doubled in Sweden, where already 1.7 million heat pumps are installed throughout 10 million people. Per Jonasson (Swedish Refrigeration and Heat Pump Association) and Signhild Gelin (Swedish Geo Energy Center) gave briefings on the Swedish market for heat pump growth at the Nordic Clean Energy Week in Malmö, Sweden. The world's most significant heat pump penetration rate is currently found in Sweden. As a result, the country's energy consumption for heating and hot water has significantly dropped during the past 30 years.

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Sweden's air source heat pump market is segmented based on the process, end use, sales channel, region, and by competitional landscape. Based on the 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, gyms & 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 is segmented by region into North, Central, and South.

Key market players in the air source heat pumps market include:

• Mitsubishi Electric Europe B.V.
• ENWELL Group
• Enertech AB
• Daikin Europe NV
• Trane Technologies Company, LLC
• Carrier Global Corporation
• Viessmann Värmeteknik AB
• Robert Bosch AB
• DENSO Europe B.V.
• Nibe AB

Companies are coming up with various mergers and product launches to expand the market of the air-source heat pump in Sweden. For instance, A line of commercial air-source heat pumps employing propane (R290) and inverter technology with a seasonal coefficient of performance (SCOP) of up to 4.12 has been introduced by Swedish HVAC manufacturer Swegon. With performance that has been approved by Eurovent and adherence to the Ecodesign standard, Titan Sky sets a new bar for heat pumps used in commercial applications by having the lowest TEWI (Total Equivalent Warming Impact).

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"Launching smart, technologically advanced, and energy-efficient products is a significant trend that is expected to impact the air market growth over the forecasted period. Increasing government initiatives for energy-efficient products, increasing infrastructural development, low carbon emissions, and low maintenance will positively impact the air source heat pump market. And with the ease of availability of a wide range of air source heat pump products to meet the customer's requirement, as well as the growing popularity of the online sales channels and sales discounts, are certain crucial factors influencing the market growth.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Sweden 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 air source heat pumps products in Sweden.

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