Abstract
These reports focus on the development of selected new/renewable heating
technologies in Europe. The reports cover the markets for heat pumps, solar
thermal and solid fuel/biomass heating and provide information on:
- Trends (volume) 1997-2008 and forecasts to 2013
- Market value & average prices 2008
- Product segmentations
- Market shares
- Distribution
- Company/distributor profiles
Market Developments
The heating markets of the studied countries had experienced strong growth in
the decade leading up to 2007 due to sustained construction activity in most
countries and high replacement levels in some of the more developed economies.
In the new/renewable heating technology markets, most sectors have experienced
years of significant increase over the past decade, thanks to subsidies
schemes and increasing promotion from manufacturers and individual
governments. However, 2008 witnessed the full effects of the global financial
crisis and growth in the markets for new technologies slowed accordingly
(although did not show the strong declines felt in the ' traditional' heating
product markets.
The key factors in the growth of the heat pump, solar thermal and biomass
markets up to 2008 have been:
- strong incentives and subsidy scheme towards all energy efficient heating
technologies
- legal obligations in some countries to reach a share of heating and
sanitary hot water through energy efficient systems
- strong Government recommendations with the objectives to fulfill the
European Commission requirements in carbon emissions reductions.
The studied markets have also developed according to the available
combustibles, local energy prices (especially electricity) and the heating
needs in specific countries. These studies show the main regional difference
in the use of these new technologies across Europe.
Future predictions are rather optimistic in most countries, especially given
the wide ranging effects of the global financial crisis. The aim to reduce the
energy bills and the increasing environmental consciousness of end users are
the overall main drivers for the coming years, along with the development of
legislation at both an EU and local government level.
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