Germany heat pump market Current Growth Analysis On Top Key Players - Vaillant, Wolf, Swegon, Solarbayer, Daikin, Viessmann, Toshiba, Systemair AB, Bosch Thermotechnology

The Germany heat pump market is estimated to witness substantial growth owing to the rise in new commercial and residential building construction, in tandem with the need to limit electricity bills, which will increase demand for energy efficient systems in the future.

Germany heat pump market is expected to witness significant growth on account of its low carbon emissions, limited space requirement, cost effectiveness. It can reduce the carbon dioxide emissions up to 40% when compared with fossil fuel driven systems. Air to water is preferred over air to air, subject to growing demand for domestic hot water along with its ability for air purification.

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Major players across the heat pump market in Germany include Thermic Energy, Stiebel Eltron, Vaillant, Wolf, Swegon, Solarbayer, Daikin, Viessmann, Toshiba, Systemair AB, Bosch Thermotechnology, Modine, NIBE, Carrier Corporation, Glen Dimplex, Danfoss, Trane, Solarbayer and Weishaupt.

Effectively utilized to convert environmental energy into heat for residential and commercial purposes, the production of heat pumps to use energy from the underground, air or groundwater for DHW and central heating has only served to upsurge lately. According to a report published by Cooling Post, in 2017, heat pumps had reportedly overtaken gas in Germany. The German heat pump association revealed that 43% of residential buildings had installed heat pumps in 2017, whereas gas heaters represented only 42% of installations that year. The report further stated that out of the 43%, air-sourced and water-sourced pumps contributed about 35%, while geothermal pumps represented 8%.

Germany heat pump market is also driven by a favorable regulatory landscape – indeed, the rising efforts by prominent regional regulatory bodies has brought about a spate of changes in the landscape of this business vertical. For instance, recently, the German regulator BNA introduced a second tender for the so called innovated CHP plants and a third tender for traditional CHP (combined heat and power) plants, both with a deadline of December 3.

Incidentally, innovative CHPs are inclusive of renewable heat sources, along the likes of electric heat generators and heat pumps. The launch of the tender is an apt instance validating the contribution of regional regulators toward the expansion of Germany heat pump market.

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Emerging demand for space heating and hot water supply across suburban area will enhance the sole to water heat pump market across Germany. Introduction of energy efficient building codes and standards including Energy Saving Ordinance to minimize carbon dioxide emissions will positively influence the product demand.

Commercial heat pump market is predicted to surpass 20,000 units subject to increase in investment toward infrastructural development across the nation. Favourable measures to improve air quality along with positive outlook toward renewable technologies will stimulate the business landscape. Increasing demand for space conditioning system that can easily be integrated with conventional systems across existing and new constructed building will further enhance the product deployment.

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