Heat pumps are an ecological and economical solution for heating and cooling homes. This system has long benefited from tax credits for its installation, which explains why the installation rate has increased tenfold within 10 years.
The number of heat pumps installed each year in France has increased from 12,400, in 2000, to 120,000, in 2013. Then in 2015, a total of 474,970 heat pumps were sold, including 15.84% air-to-water heat pumps, which grew by 8% in 2016 and 84.15% aerothermal heat pumps, with a growth of 16%. Geothermal models, on the other hand, were down by 15% with only 3000 units sold in 2015. Then the market grew by a further 25% between 2016 and 2017, the strongest increase in 10 years.
There is significant competition important but is mainly focused among established operators. Following the years 2008-2010, the market for aerothermal energy, geothermal energy and on heat pumps-based technology, is really becoming more professional and large groups are doing well, due to tax credits but also by unscrupulous sellers. Between 2015-2016, the market was further boosted by the recovery of the new housing market, which is increasingly using this type of equipment.
The strategy is simple, the long-term plan to reduce energy consumption in housing allows for the installation of 2 million heat pumps by 2020 in France. At the end of 2011, about 650,000 devices were installed and 120,000 are installed each year. Therefore, the market is still benefitting from good growth.
The technology has existed for a long time. The heat pump produces heat by drawing it from the outside air. R&D represents an important part of the activity of groups such as Mitsubishi and Atlantic.
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