Generally speaking, a high-efficiency heat pump is used to warm or sometimes cool certain places using the heating or refrigeration cycle. Common high-efficiency heat pumps include air source heat pumps, groundsource heat pumps, water source heat pumps, etc.
It is more environmentally friendly to use high-efficiency heat pumps compared with traditional heat pumps. Therefore, for some European countries with rigorous energy conservation requirements, the device is the priority choice that meets their requirements.
However, peoplemay still wonder why heat pumps have a thriving market in some countries and areas, especially Europe. So, to help you better understand the European high-efficiency heat pump market, this article will introduce the market scale in Europe first and then talk about driving forces and future trends of the high-efficiency heat pump market. Finally, the best product will be recommended to you.
The market scale of the heat pump market in Europe
The rising demand for heat pumps in Europe has already started surfacing up. According to the relevant report, the sales volume of heat pumps in Europe reached 980 thousand units in 2017. The same year in Europe, the report pointed out nearly 120 million houses in Europe, of which 7% used high-efficiency heat pumps. In 2019, another authoritative report claimed that the total sum of business transactions achieved a massive amount of $11 billion and was expected to grow to $15 billion by 2026. These positive data showed a booming heat pump market in Europe.
What drives the market in Europe?
It is acknowledged that this booming market of high-efficiency heat pumps doesn't come overnight. So, what has been driving the European market over the past few years? The followings are the top reasons for heat pumps soaring demands in Europe.
- Energy conservation
People in Europe think highly of energy-saving products, especially for air source heat pumps. Moreover, the market share of air source heat pumps in Europe gradually exceeds ground source heat pumps. Besides, compared to traditional heaters, the air source heat pumps save electricity in large amounts, making them become one of the highly in-demand devices in the market.
- Government policy
As the European Union is the signatory of the Paris climate accord and is crafting future policies following the European Green Deal, they aim to go carbon emission-free soon. Furthermore, another policy is that people who purchase heat pumps will get subsidies. All of these government policies motivate consumers to purchase the heat pump.
It is worth mentioning NEWNTIDE, a capable high-efficiency heat pump provider, is constantly providing customers the most energy-saving products. Their air source heat pumps, especially for mini pool heat pumps, achieve up to 75% energy-saving. In addition, for people who purchase NEWNTIDE’s products, European countries aim to subsidize them in certain amounts.
- New building requirements
Another reason for driving the market is that new buildings must install high-efficiency heat pumps or other energy devices to achieve zero emissions. In addition, they have set an upper limit on the use of primary energy to generate heat. Thus, this condition gives people who own heat pumps businesses a positive signal to believe high-efficiency heat pumps firmly have a huge development space.
Future trends of the market
Now that you must clearly understand why heat pumps and other energy-saving products are quite welcomed in Europe. And their future markets are still booming. An expert illustrated that the expanding popularity of these pumps was likely to skyrocket their demands in the near future. The following facts can verify the hypothesis from the perspective of consumers and products.
- Rising awareness about carbon emissions
The duty of the general public towards the environment makes people aware of the worrying consequences of the rising carbon emissions. It makes people decide how to cut their net emissions to save the world in which they live. With subsidies for buying heat pumps, heat pumps are usually bought at a reasonable price in Europe. As Europeans' awareness about the policy increases, more people prefer buying high-efficiency heat pumps to reduce carbon emissions.
- Merits of high-efficiency heat pumps
The prosperity of heat pumps is not an accident. High-efficiency heat pumps bring numerous conveniences and benefits to people's daily life. On the one hand, the high-efficiency heat pump is environmentally friendly compared with others. On the other hand, these pumps consume much less electricity than the conventional means, reducing electricity demand. The products from NEWNTIDE, regarded as the best heat pumps 2021, have all the goodness mentioned above. Not only that, their easy-to-operate capability attracts more people come to invest in them.
The final words
From the previous analysis, it is reasonable to conclude that the market prospect of high-efficiency heat pumps is infinite. Under the trend of advocating energy conservation, environmental protection, and low-carbon consumption, heat pumps will be widely used progressively.
To help you follow the rules in Europe and get the most cost-efficient product, we would like to recommend you a high-efficiency heat pump supplier for your reference.
Established in 2003, NEWNTINDE is in the leading position in this field all the time. NEWNTIDE is equipping its users with cutting-edge technology in heat pumps. With the experience of working in different countries, they have served numerous customers. By telling a lot about their incredible products, they have won applications around the world. The most important thing is that they have the ability to manufacture a wide variety of heat pumps that can reduce your carbon emission to an unprecedented level.
Among all kinds of heat pumps in NEWNTIDE's catalog, the best-selling air source heat pump, a small pool heat pump, is the one you can't miss. It is compact and small in size with Wi-Fi control that can be operated and monitored easily. Moreover, the mini pool heat pump has an automatic defrosting system, which allows the heat pump to work at as low as 5℃. The most attractive thing is that the product uses R32 refrigerant, the latest generation, to lower environmental impact.
All in all, it must be the best choice for you to choose NEWNTIDE, which can help you achieve energy-saving and get subsidies in Europe.
