The heat pump market - Italy

1.2 World and European market

In ****, the value of the global heat pump market reached a total value of $**.* billion. Sustained growth in the industry is expected in the near future. A compound annual growth rate (***) of *.*% is expected between **** and ****. By the end of the period, the global heat pump market could reach a total ...

1.3 Italian market

As for the Italian market, between **** and ****, the total turnover of the industry active in the manufacture of furnaces, burners and heating systems (***), is on the rise. During the period analyzed, total turnover increased from *.** billion euros to *.** billion euros, marking an increase of **.* percent. As shown in the graph below, ...

1.4 Import - Export

To understand the value of heat pump imports and exports in Italy, the HS code ,of the United Nations statistical database, ****** "heat pumps," was considered.

Between **** and ****, Italy's trade position changed from net exporter of heat pumps to net importer. In fact, as shown by the trend in the export coverage ...

1.5 The consequences of the Russian-Ukrainian conflict

The outbreak of the Russian-Ukrainian conflict in February **** led to, among other things, a general increase in price indexes. The segment related to heating systems and air conditioners is not exempt. Between January **** and January ****, the consumer price index for this sector increased by ** points. This means that over a **-month ...

2.1 Demand in Italy

The total volume of heat pump sales in Italy is increasing rapidly. Between **** and ****, the total number of units sold increased from ***,*** to ***,***, marking an increase of ***.* percent. The increase is especially concentrated between **** and ****, when thanks to the introduction of various tax bonuses aimed at energy efficiency, the total sales ...

2.2 Demand drivers

The price increase for electricity is one of the main drivers of demand for heat pumps. In fact, they consume **% less electricity than a conventional system. Specifically, between January **** and July ****, there was a price increase of ***.*%. However, between July **** and December **** there is a price decline of **.*%. In December ****, the ...

2.3 Geographical distribution of demand

In order to visualize the geographical distribution of demand for heat pumps in Italy, two maps were created with the geographical distribution of investments eligible for the Superbonus deduction and the geographical distribution of the Google Trends index of interest for the search "Heat Pumps."

Regarding the first aspect, as of ...

3.1 The market structure

In order to analyze the structure of the heat pump market in Italy, active enterprises under Ateco Code **.**.* "Manufacture of heating boilers" are analyzed, which also include enterprises active in the production of heat pumps. In particular, trends in the number of active enterprises, the number of employees in the industry ...

3.2 The value chain

The value chain in the heat pump market, describes the various steps that contribute to value creation in the process of heat pump production, distribution and installation. This model helps identify how each actor contributes to the quality, efficiency and sustainability of the final product. The different stages in the chain ...

3.3 The main manufacturers

The following is a list of major heat pump manufacturers in the Italian market:

Samsung Electronics Italia s.p.a: founded in South Korea in ****, is a leading multinational in the field of consumer electronics and technology. Known primarily for its smartphones, televisions, and semiconductors, Samsung has also made a name ...

4.1 Products offered

A heat pump is a device used to transfer heat from one place to another by exploiting the thermodynamic properties of a refrigerant fluid. It works on a principle similar to that of a refrigerator, but in reverse. Instead of removing heat from inside a refrigerator and releasing it outside, a ...

4.2 Prices and trends

Heat pump prices vary according to power, type, and accessories.

In addition to the cost of the pump, we need to consider the cost of installing the heat pump. According to the site Ernesto.it the price on Italian soil varies from a minimum of *** € to a maximum of ** thousand € for ...

5.1 Regulations

ISO **** is the international standard to which European standard EN *** corresponds, which establishes requirements for the safety of people and property, provides guidance for environmental protection, and sets out procedures for the operation, maintenance and repair of refrigeration systems. This term in the European standard also refers to heat pumps. The ...

5.2 The incentives

Incentives on the purchase of a heat pump in **** see reconfirmed the tax benefits provided by the Renovation Bonus, the Ecobonus and, in part, the Superbonus, for which the rate drops to ** percent. Thus, the Budget Law **** once again allows you to benefit from attractive tax deductions if you decide to ...

6.1 Segmentation

• Ariston s.p.a
• Riello s.p.a
• Ferroli s.p.a
• Unical AG s.p.a
• Samsung Electronics Italia s.p.a
• Robert Bosch s.p.a
• Daikin Air Conditioning Italy s.p.a
• Hitachi Energy Italy s.p.a