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  4. China Air Source Heat Pumps market...

China Air Source Heat Pumps market

Air source heat pump, as a kind of heat pump, is an energy-saving device that uses high-level energy to make heat flow from low-level heat source air to high-level heat source. It uses heat in the air as the source and drives the compressor through a small amount of electrical energy to achieve energy from low to high. The reverse transfer. With the advancement of the “coal-to-electricity” policy and clean heating policies in northern China, the demand for air source heat pumps has expanded and the overall scale of the industry has increased.

Air source heat pump products have outstanding advantages and a complete industrial chain
The air source heat pump is a device that is driven by an electric motor and uses the working principle of a vapor compression cycle to produce hot (cold) air or hot (cold) water with ambient air as a heat source. The main components include heat exchange equipment on the hot side and heat exchange on the heat source side. Equipment and compressors, etc. The air source heat pump uses the heat in the air as a low-temperature heat source, exchanges heat through the condenser or evaporator in the traditional air conditioner, and then extracts or releases heat energy through the circulation system, and uses the unit circulation system to transfer the energy to the building. Users have demand for domestic hot water, floor heating or air conditioning.

As a kind of clean energy equipment, air source heat pump has outstanding characteristics such as low operating cost, stable performance and wide application range.
The upstream products of air source heat pumps mainly include compressors, valves, hot water storage tanks, copper pipes, water pumps, heat exchangers, controllers, fans, refrigerants, etc. The main downstream application markets include hot water market, heating market, industrial and agricultural drying Dry market and so on. In the early stage of the development of the air source heat pump industry, most of the parts and components borrowed from the existing traditional industrial supply chain system, such as the product supply chain of the air-conditioning and water heater industry. With the expansion of the industry, a dedicated component system has been established one after another. Parts such as compressors, water tanks, heat exchangers, valves, controllers and pumps have all begun to have professional suppliers.

Compressor industry expands, valve market is highly concerned
The core component of the air source heat pump is the compressor, and the cost of the compressor product accounts for about 1/3-1/2 of the product cost of the whole machine. At present, the main companies that provide compressor products include Emerson, Danfoss, Panasonic Wanbao, Mitsubishi, Highly, and Meizhi.
The valve market is affected by the decline in the air heat source pump industry. Although the air source heat pump valve market volume is small, it is driven by the clean heating policy in the short and medium term, and based on the high expectations of enterprises on the national heating market demand in the long term, air source heat pump valves are both in scale growth and in Product technology has received great attention from the industry.

From the perspective of specific products, the product structure of air source heat pump valves is more consistent with commercial air conditioning valves, including globe valves, four-way reversing valves, electronic expansion valves, thermal expansion valves, solenoid valves and ball valves. Among them, three categories of products, namely globe valves, four-way reversing valves, and electronic expansion valves, have the largest demand, with decibels accounting for 39%, 24%, and 25%, which together account for nearly 90%. At present, among the manufacturers of valves for air source heat pumps in China, domestic brands have a relatively complete product line, while foreign brands focus on high value-added products.

With policy support, the air source heat pump industry has a good development prospect
As the air source heat pump has excellent energy saving and emission reduction effects, it is in the context of increasingly urgent requirements for energy saving, emission reduction and environmental protection. From the perspectives of energy saving, air pollution prevention and control, and renewable energy utilization, the Chinese government has actively introduced some encouraging policies for the application of air source heat pump technology.

The air source heat pump market declines, and exports turn to domestic sales
The Chinese domestic market was affected by the overall manufacturing downturn, and many factors such as the strict control of real estate and the loosening of clean heating policies have shown a significant decline in sales, while domestic sales have achieved a slight increase due to the addition of household fans. Affected by the lack of global economic growth momentum, demand in the European market has weakened, and the growth rate of external demand for China's air source heat pump products has declined. From the current point of view, the domestic market for air source heat pump products in China still occupies an absolute dominant position, and domestic sales account for more than 90% of the industry's sales revenue.

Heat pump hot water products dominate, and heat pump drying products grow faster
In terms of segmentation of China's domestic air source heat pump application market, the scale of the hot water market has expanded slightly, the drying share has grown rapidly, and the market share has also increased slightly.

The long-term development of China's air source heat pump industry is improving

Foresight believes that the future development potential of the air source heat pump industry is huge, and the application prospects in domestic hot water, heating and industrial and agricultural drying are good. The air energy heat pump industry will be in a period of rapid development in the next 5 years, and the industry market scale will maintain a 10% growth. speed.



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