According to TechSci Research report, “Spain Air Source Heat Pump Market–Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028”. The Spain air source heat pump market is expected to grow at a higher pace during the forecast period due to the rise in air source technology because of the adverse effects of greenhouse gas emissions. The government's initiatives, including tax breaks for individuals and businesses and clean heating and cooling programs, are anticipated to impact the market's expansion positively. Heat pumps ensure a low carbon footprint, low maintenance, simple installation, and cost-effectiveness, making them an efficient source of hot water and heating and cooling applications. Moreover, air-to-air reversible heat pumps are rarely used in heating applications in Spain. Small air-to-air heat pumps are mainly used in the summer for refrigeration and occasionally for winter heating.
The development of the heat pump has enabled to improve energy efficiency while also creating high-quality employment, which will aid in economic recovery. The use of renewable energy sources is expanding in Spain. The air-to-air heat pump is one of the sources of renewable energy source. The use of renewable energy sources for cooling is limited to heat pumps only.
The Spanish air conditioning equipment manufacturers association AFEC (Asociación de Fabricantes de Equipos de Climatización) collaborate with Spain's electricity providers to encourage heat pump in Spain. It is one of the sources that can help in decarbonization policies as well as help in achieving the European objective of utilizing energy-efficient products, reducing carbon dioxide emissions, and using renewable energy.
In 2021, the Spanish government updated the regulation on Thermal Installations in buildings (rite), which sets the energy efficiency in buildings and maintains indoor air quality. The adaption of this amendment will also help in achieving the 2030 green transition target in Spain, mainly the target to increase energy efficiency by lowering primary and final energy consumption by 36,809.3 tons of oil equivalent.
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Spain's air source heat pump market is segmented into the process, end-use, and distribution channel. Based on the process, the market is segmented into air-to-air (ducts, ductless) and air-to-water (split, integrated). Based on end users, the market is segmented into residential, hotels & resorts, gyms & spas, education, food service, and others (healthcare, offices, etc.). Based on distribution channel, the market is segmented into direct and indirect. The market analysis also studies the regional segmentation divided among Northern Spain, Western Spain, Southern Spain, Eastern Spain, Southern Western Spain, Central Spain.
Key market players in the Spain air source heat pump market include:
- Panasonic Marketing Europe GmbH
- Daikin Europe N.V.
- Mitsubishi Electric Europe B.V.
- Toshiba Europe Limited
- DENSO Europe BV
- Argoclima S.p.A.
- Ecopropulsion S.L
- Bio Ecoforest, S.L.
- Dancon – Benita Costa del Sol SL
- Chromagen España, SLU
Various International and domestic companies are trying to enhance their market reach by increasing their merger and acquisition and research and development. For instance, in 2021, Vattenfall launched a new heat pump with a high temperature that can replace the gas-fired central heating boiler. This system has been specially developed for single-family homes. It is a smart combination of an electric heat pump, a layered buffer tank, and an intelligent control suitable for the residential sector. In 2022, Daikin Europe launched its new Daikin Altherma 3M, an air-to-water heat pump providing heating, cooling, and hot water especially suitable for tiny homes. The heat pump is available in 3 ranges 4,6,8 kW. It can be operated up to -25°C outside temperature. In 2022, the Aldes Group, a leader in ventilation and thermal comfort solutions, announced the acquisition of the Aereco Group to support its heat pump market-specific growth strategy.
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“The demand for heat pumps has been significantly impacted by their benefits, including low maintenance requirements, cost-effective operations, reduced carbon footprints, and longer life expectancy. In addition, it is anticipated that over the following years, demand for air source technology will increase due to its capacity to offer space heating and cooling as well as water heating solutions.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Spain Air Source Heat Pump Market By Process (Air to Air (Ducts, Ductless), Air to Water (Split, Integrated)) By End Use (Residential, Hotels & Resorts, Gym & Spas, Education, Food Service, and Others (Healthcare, Offices, etc.)), By Distribution Channel (Direct, Indirect), By Region, By Company, Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of air source heat pump in the Spain market 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 the Spain air source heat pump market.
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