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ENGINEERING
REVIEW INDUSTRY FOCUS

Air source heat pumps and

market dynamics

ir source heat pumps (ASHPs) have emerged as a low-
carbon way of heating that can potentially overcome
Asome of the concerns associated with extreme
temperatures, changing climate, and environmental adversities.
When properly installed, these heat pumps can deliver up to
three times more heat energy than the electricity consumed.
The need to reduce the dependence on fossil fuels for
residential heating has encouraged multiple governments to
persuade consumers to install ASHPs. For instance, in October
2022, France launched a new national energy savings plan to electric solutions.
avoid winter power cuts. According to the Minister for Energy The new ACX model is designed with heat pump technology
Transition, the French government has earmarked approximately as well as a chiller which enables the heating and cooling of
$787 million to reduce energy consumption and offer up to space using electricity. In addition to this, it transfers heat with
$8,816 per household in subsidies to replace gas boilers with the help of a compressor. As a result, this technique makes
energy-efficient heat pumps. heat pumps nearly three times more efficient than other electric
heating solutions.
According to the recent research report by Global
Market Insights Inc, the air source heat pump market 3. Worcester Bosch launches Hybrid 7000iAW & 7001iAW
is projected to go beyond USD 85 billion by 2030. A2W heat pump for homeowners
In November 2021, Worcester Bosch, a subsidiary of Robert
Latest developments Bosch launched a low-carbon A2W heat pump called the
Mentioned below are the latest developments taking place in the 7001iAW and a hybrid heat pump and boiler, Hybrid 7000iAW.
air source heat pump market: The former A2W heat pump enables heating and cooling for
1. Panasonic to invest 145 million Euros in air-to-water heat homeowners, whereas the hybrid product ensures compatibility
pump factory in Czech by 2026 with a wide variety of combi boilers and heat pumps.
Air-to-water heat pumps capture and use heat present in The newly launched products are ideal to be fitted in buildings
the air and therefore emit less carbon dioxide as compared to and renovation projects. Its low-carbon technology is designed
conventional combustion heaters that rely on fossil fuels. Rising to offer high efficiency along with all the benefits associated with
environmental awareness and increasing volatility associated the use of ambient air as the primary energy source for space
with the energy supply is expected to propel the demand for heating/cooling.
eco-friendly heating systems like ASHPs. In September 2022,
Panasonic Corporation announced an investment worth 145 4. Daikin Europe to double the production capacity of air-to-
million Euros in its Czech plant by FY ending in March 2026 in water heat pumps
line with a steady shift from fossil fuel-based energy sources to Increasing energy demand and favorable government policies
sustainable energy systems. The investment will accelerate the will accelerate the adoption of air-source heat pumps in Europe.
production of air-to-water heat pumps. In April 2022, Daikin Europe debuted its new state-of-the-art
production line for top-grade A2W heat pumps. The new factory
2. Trane unveils new heat pump with electric heating & underpins the company’s commitment to double the production
cooling of A2W heat pumps in its factory in Ostend, Belgium.
Amidst rapid electrification of industries and industrial processes, The investment is a pivotal step in Daikin’s five-year strategic
Trane Technologies owned Trane unveiled the Ascent Air-to- roadmap to address the growing demand for sustainable heating
®
Water Heat Pump Model ACX, a first-of-its-kind A2W solution solutions in Europe. It also expects the demand for ASHPs to
in its portfolio that provides electric heating as well as cooling. It increase rapidly over the coming decade owing to the ambitious
will allow building owners to achieve decarbonization through 2050 climate neutrality goals set by the European Union.

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