Content of the study:
The heat pump market - France

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MARKET OVERVIEW

1.1 Market definition and presentation

Heat pumps are an ecological and economical solution for heating and cooling your home. They are based on a thermodynamic system that transforms energy from a cold environment into heat for the space to be heated.

There are several types of heat pumps, with different mechanisms:

  • traditional air/air aerothermal
  • geothermal (transforms energy drawn from the ground)
  • hydrothermal (transforms energy drawn from the water table).

Just like the booming world market, the French heat pump market is growing rapidly. It should be noted that France is the leading European market.

Heat pumps are used in both homes and existing company offices, and are also one of the preferred systems in new buildings and renovations, after the wood-burning stove.the use of heat pumps will account for a growing share of renewable energy consumption in France.

The air-to-air and air-to-water hydrothermal pump segments are the most dynamic in the sector, while the geothermal heat pump segment is in decline.

The market is largely influenced by growing environmental concerns as well as the constantly rising cost of energy for heating a home. The sector is also largely dependent on the public sphere and policies that can stimulate the use of more environmentally friendly energy solutions.

Innovation also represents a real growth driver for the market. through a renewed, increasingly connected and intelligent offer, heat pumps should be able to manage their energy consumption levels even more precisely and appropriately, which is an economic as well as an ecological advantage.

1.2 The European market

We rely on the data provided by Eurostat using the code ******** which corresponds to the following heading: "Heat pumps (***)"

The value of heat pump production has been growing rapidly over the past decade as it has doubled from €*.*** billion in **** to €* billion in ****.

Value of heat pump production European Union, **** to ...

1.3 The domestic market

The value of French heat pump production has grown significantly over the past ten years, from ***.* million in **** to ***.* million in ****, an increase of ***.*%.

Value of heat pump production France, **** to ****, in million euros Source: ****

The number of geothermal heat pump sales has been steadily decreasing since ****, both water-to-water and ground-linked ...

1.4 Trade balance

We base our analysis on UN Comtrade data using the code ******, which corresponds to heat pumps.

We observe that France has had a surplus balance over the last * years. However, the coverage rate (***) is falling sharply, from ***.*% to ***% between **** and ****. The value of exports is fairly stable at around $*** million. Imports, ...

ANALYSIS OF THE DEMAND

2.1 The main determinants of demand

The * main factors affecting the market are:

The price of energy to heat your home Environmental concerns The implementation of ecological policies Construction and renovation rates in the territory Climate Confidence in the product

Prices

The French are very attentive to the amount of their electricity bill. As shown in the ...

2.2 Heating consumption in the tertiary sector

In ****, total heating energy consumption in the tertiary sector amounted to ** TW/h, driven in particular by administration and offices (***). Heating accounted for an average of **.*% of the sector's energy consumption, of which nearly **.*% was for education.

Annual heating consumption in the tertiary sector by branch France, ****, in kWh/m* Source: ...

MARKET STRUCTURE

3.1 Number of establishments and employees

We rely on Urssaf data using code ****B, which corresponds to the following definition "Installation work for thermal and air-conditioning equipment", which goes beyond heat pumps but offers us insight into the evolution of the market.

The number of companies and employees in this sector has experienced two distinct trends over ...

3.2 Operation of a heat pump

The table below summarizes the operation of a heat pump

3.3 Geographical distribution of establishments

The map below shows the geographical distribution of establishments with NAF code "**.**B: Installation of heating and air-conditioning equipment", which again goes beyond the heat pump market but gives an idea of the geographical distribution.

Geographical breakdown of sales by region for the various types of pump

Auvergne Rhône-Alpes and ...

3.4 Distribution by power and distribution channels

The graph below shows the distribution of geothermal heat pump sales according to their power. It can be seen that the majority of sales are for capacities between * kW and ** kW, which represent half of all geothermal heat pump sales. Next come heat pumps with a capacity of between ** and ** kW ...

ANALYSIS OF THE OFFER

4.1 Type of products

As previously stated, there are different models of heat pumps. Heat pumps are distinguished according to three criteria, namely their energy source, their thermal diffusion system and the energy source used.

Aerothermal heat pumps

The traditional air-to-air heat pump, which transforms the air in one space to heat it and transfer ...

4.2 An innovative market

The graph below represents the proportion of searches for a given keyword́ in a region and for a specific time period, compared to when the rate of use of that keyword́ was highest (***).

Thus, a value of ** means that the keyword was used less often in France, and a value of ...

4.3 Heat pump prices by product type

According to Observ ER, the prices of the various heat pumps are as follows in ****:

In addition to these different purchase and installation prices, there is the operating cost which varies from *€ to *€ per square meter per year (***).

However, there are many financial aids available to finance the project (***).

REGULATION

5.1 Regulatory framework

A market subject to European directives

In ****, new European eco-design and energy labeling directives were applied[***].

The European eco-design directive deals with all products that use energy to encourage consumers to buy more energy efficient appliances. It gives a list of criteria to be respected when buying a product so that ...

POSITIONING OF THE ACTORS

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The heat pump market - France

Publicado en 14/11/2022 by BS Conseil - BS Conseil

Très explicite.


Businesscoot Response:

Merci pour votre retour :)

The heat pump market - France

Publicado en 26/09/2022 by Matthieu Boussard - Stryber

Etude parfaite pour une vue d'ensemble du marché avec un très bon rapport qualité-prix.


Businesscoot Response:

Merci beaucoup Matthieu pour votre avis. Nous sommes ravis d'avoir été à la hauteur de vos attentes!

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