Italy Heat Pump Market Overview, 2029

Italy Heat Pump Market Overview, 2029

Within this rich tapestry of history and innovation embroidered by Italy on the global scene, the heat pump industry takes its part in the nation's transformation to sustainable energy and carves a pathway into a market defined by past milestones, flexibility, and state support. The history of the Italian heat pump industry dates back to the 1970s, with the beginning of the country's policy of efficient energy use and the utilization of renewable energy in response to the energy crisis. Since that date, it has seen massive growth and development because of the evolution of technology and because of the focus within Italy on the much-needed reduction in carbon gases. The Italian heat pump space is focused on sustainability through this technology, which is an effective, balanced, and eco-friendly alternative for heating in Italy. The heat pumps are designed under different extreme conditions in order to enhance compatibility with the country's diversified geography and architectural features. Flexibility characterizes this industry layer in Italy as it provides heating solutions, cooling solutions, and hot water for various users from residences and commercial buildings to industrial and many more. This feature has been responsible for the rising acceptance and integration of the technology into Italy's energy matrix. The Italian government has also played an important role through a number of schemes and incentives in a bid to popularize heat pumps and other renewable technologies. GMCC unveiled R290 refrigerant rotary and scrolls compressors specifically designed for heat pumps, covering both fixed-speed and inverter products. The GMCC R290 heat pump rotary compressor for space heating offers product portfolio from 2kW to 25kW, with specialized compressors of smaller size.

According to the research report ""Italy Heat Pump Market Overview, 2029,"" published by Bonafide Research, the Italy heat pump market is anticipated to add to more than USD 1200 Million by 2024–29. Italy is very committed to combating climate change and reducing carbon emissions, having laid down very high targets for renewable energy. The main elements to achieve these goals are the use of key renewable sources is the heat pump industry. In Italy, market dynamics related to renewable energy goals form a conducive environment for the growth of the heat pump industry. Italy has highly regulated building and construction codes for energy efficiency to cut down the carbon emissions released from buildings. Among them, mention must be made of the EU EPBD and regulations laid down by Italy in its NEEAP to maintain very high energy performance standards in new constructions and refurbishments. Product. There is intense competition in the heat pump market in Italy among different manufacturers, suppliers, and service providers, which include both domestic and international companies. Companies raise this need by offering a wide array of heat pump products and solutions according to the needs of the Italian consumers. In this competitive scenario, innovation for lowering the prices of these heat pump systems indicates that the lowered price will enhance consumer inflow in the market and will increase the pace of market development with newly developed technologies. For instance, Ecobonus, a part of the fiscal measures offering incentives for energy efficiency to existing buildings, includes deductions for the installation of heat pumps in addition to energy requalification interventions.
The Italian heat pump market is characterized by different heat pump types addressing different needs and applications. Air-to-air heat pumps find application in Italy for ease of installation and are energy-efficient, especially in regions having a temperate climate and well-insulated buildings. The residential and commercial sectors are having wide applications of air-to-air heat pumps. Air-to-water heat pumps in Italy have high efficiency and are used with existing hydronic heating systems, which include radiators and underfloor heating. Water source heat pumps are used in Italy for more extensive commercial and industrial sectors, as well as district heating systems, to tap available water resources. They are specifically suitable for large facilities and buildings for heating and cooling. Ground source heat pumps have high energy efficiency and are therefore popular in Italy for both residential and commercial sectors, although their installation requires more space, which makes them more capital-intensive compared to air source heat pumps. Hybrid heat pumps are gaining attention in Italy, as they offer a balance between energy consumption, cost, and environmental impact. They address specific needs in residential and commercial applications through the integration of two heat pump technologies or hybridizing with other heating sources. The coupling of heat pumps with solar panels has also become popular in Italy because it further decreases energy consumption and greenhouse gas emissions, simultaneously increasing self-sufficiency and decreasing the operating costs. Apart from the applications in residential and commercial areas, heat pumps in Italy are used for industrial processes comprising heating, cooling, and water heating in manufacturing facilities, contributing to energy savings and reduced emissions.

Based on the report , the capacity range of Italy heat pump market can be categorized as Up to 10 kW, 10–20 kW, 20–30 kW, Above 30 kW. Until 10 kW, the market serves small residential facilities and family houses—a lot of space-heating, cooling, and hot water preparation. A range of different brands is available from Italian producers: Ariston, Riello, and a considerable presence on the market of large international producers, such as Daikin and Mitsubishi Electric. 10–20 kW target the bigger residential homes, small commercial offices, and light commercial applications. The range of capacity gives a higher output for higher heating loads, including heating and cooling demand for great space, be it office buildings or commercial premises. One example is the Viessmann Vitocal 350-A air-to-water heat pump, with capacities ranging from 10 to 17 kW—it is widely used in bigger homes and small commercial buildings in Italy to provide efficient and economical heating and cooling, as well as hot water supply. 20-30kW are designed for medium commercial and light industrial uses, such as office buildings, retail spaces, and small manufacturing factories, units in the 20-30 kW range output higher capacity to meet larger space requirements. Major brands are Climaveneta and Aermec from Italy, and global brands are Trane and Carrier. Over 30 kW are Intended for large commercial and industrial uses, for instance, in hospitals, shopping malls, data centers, and manufacturing spaces, heat pumps under this capacity range offer high output for the high heating and cooling needs in use.

In Italy, the heat pump market can be segmented by capacity for various residential, commercial, and industrial applications. There is a significant increase in the installation of heat pumps in the residential sector in Italy, since homeowners are installing the systems for heating and cooling applications. This has been achieved due to reasons such as the rising energy price, growing awareness toward climate change, and government incentives to drive the heating system market through the Ecobonus and Conto Termico schemes. On the other hand, the implementation of energy efficiency in buildings with new residential buildings from 2019, as per EU Directive 2018/844, and the promotion of renewable energy integration, will further boost the penetration rate of heat pumps in the residential sector. The commercial end-use sector in Italy consists of offices, retail spaces, schools, hospitals, and hotels, which are steadily being penetrated by heat pumps to provide heating, cooling, and water heating services with efficiency, reducing energy consumption and operating costs. The policies lined by the Italian Government to promote nearly-zero energy buildings and to meet the climate targets committed under the EU through supportive policies will increase the penetration of heat pumps in the commercial sector. The industrial segment is broken into manufacturing plants and industrial facilities, which have heat pumps to ensure sufficient and efficient provision of heating, cooling, and waste energy recovery solutions. The commitment of the Italian government to the EU climate and energy targets is supported by its National Energy Strategy and further promotes heat pump technologies for the achievement of long-term sustainability within the industrial sector. Plus, on the other side, heat pumps will be considered one important technology for the decarbonization of the industrial sector.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Heat Pump market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Air-to-Air Heat Pump
• Air-to-Water Heat Pump
• Water Source Heat Pump
• Ground Source Heat Pump
• Hybrid Heat Pump

By Capacity
• Up to 10 kW
• 10–20 kW
• 20–30 kW
• Above 30 kW

By End User
• Residential
• Commercial
• Industrial

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Heat Pump industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.