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Heat Pump Boom Faces Challenges, Strong Policy Support Essential

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Future growth hinges on accelerating the transition from gas-based heating to renewable solutions

LONDON, Jan. 31, 2025 /CNW/ — High energy bills coupled with strong financial incentives are making heat pumps increasingly cost-competitive with traditional fossil fuel heating systems for residential use.

Despite advantages such as higher efficiency and the acceleration of heat decarbonization, the market faces several challenges. A higher proportion of aging households, inadequate insulation, higher installation and capital costs, and a shortage of skilled installers and consultants are limiting growth potential.

However, the expansion of hybrid heating technologies and manufacturers scaling up production are set to increase competition and further drive cost competitiveness between heat pumps and conventional boilers.

Heat Pump Market Faces Slowdown Amid Economic and Policy Uncertainty

The global residential heat pump market is projected to grow from 7.59 million units in 2024 to 17 million units by 2035, with revenues reaching $80.42 billion, driven by an 8.5% CAGR during the forecast period. In 2024, Europe and the U.S. dominated the market, accounting for nearly 75% of total sales, followed by China and Japan. However, after strong momentum in the early 2020s, growth has stalled in 2023 and 2024 due to an easing in gas prices, high electricity taxes, policy inconsistencies, shifting regulations, and reduced funding. These challenges highlight the difficulty of scaling heat pump adoption quickly enough to meet Europe’s decarbonisation targets.

In the U.S. which has offered generous federal subsidies, the market has been strong in 2024, shrugging off the impact of higher electricity prices and low gas prices. The incoming administration is reviewing many of the existing incentives, so these may not be retained, presenting a challenge for the market.

Manufacturers Expand Capacity and Innovate Commercialisation Strategies

The heat pump market remains highly competitive, with both global and local players focusing on cost optimisation, efficiency improvements, and localised production to reduce import costs. China and the U.S. are leading adoption efforts, driven by supportive policies, while the EU faces the challenge of requiring long-term incentives to scale up production capacity and transition away from gas boilers.

To overcome market barriers, new entrants are introducing smaller, modular, and more affordable heat pumps, designed for compact residential spaces such as window-sill units and sleek, space-saving models for compact residential spaces.

Expansion in the heat pump manufacturing sector involves adding new production lines, converting existing facilities – such as transitioning from boiler production to heat pumps – and building new facilities. In addition to scaling production, some companies are making significant investments in research, development, and innovation (RD&I) to enhance efficiency and product performance.

While smaller manufacturers are rapidly increasing output, they face challenges in achieving the economies of scale that larger players can leverage, impacting their cost competitiveness and market positioning. Overcoming these barriers will be key to ensuring sustainable growth and broader market adoption.

Service-based models like Heat-as-a-Service (HaaS), subscriptions, leasing, and pay-per-use are gaining traction, reducing upfront costs by shifting expenses from capital to operational. These models enhance energy efficiency and serve as entry points for whole-home electrification, including solar and EV solutions. To tackle high installation costs, many firms are integrating financing solutions, making heat pump adoption more accessible.

Neha Tatikota, Industry Analyst at Frost & Sullivan, states: “Political tailwinds will shape industry dynamics. Despite high upfront costs, heat pumps can offer savings over gas boilers if key factors align – favourable gas-to-electricity price ratios, rebalanced electricity taxes, improved efficiency, and grant availability. Local manufacturing and competition may ease supply bottlenecks, though material vulnerabilities remain. The sector also varies across regions due to differing national laws and requirements.”

She adds: “The industry slowdown is concerning, with manufacturers wary of political uncertainty around subsidies. Clear policies and supportive regulations are crucial to revitalising investment, particularly in Europe, and strengthening EU manufacturers through economies of scale. With strong demand for renewable heating, the right regulations could drive growth, while policy setbacks risk stalling the market.”

Click here to unlock growth potential and explore the future of the global residential heat pump market.

Frost & Sullivan, the growth pipeline company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation, and leadership. The company’s Growth Pipeline as a Service provides the CEO and the CEO’s Growth Team with transformational strategies and best-practice models to drive the generation, evaluation, and implementation of powerful growth initiatives. Frost & Sullivan leverages over 60 years of experience in partnering with Global 1000 companies, emerging businesses, and the investment community from more than 40 offices on six continents.

Contact:

Kristina Menzefricke
Marketing & Communications
Global Customer Experience, Frost & Sullivan
kristina.menzefricke@frost.com

View original content:https://www.prnewswire.com/news-releases/heat-pump-boom-faces-challenges-strong-policy-support-essential-302365300.html

SOURCE Frost & Sullivan

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CIAM USA LAUNCHES IN MIAMI, FL TO REVOLUTIONIZE U.S. CUSTOMER SUPPORT

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MIAMI, March 1, 2025 /PRNewswire-PRWeb/ — CIAM USA, a newly formed subsidiary of Ciam S.p.a, is excited to announce its official launch. Incorporated in January 2025 and based in Miami, FL, CIAM USA is dedicated to enhancing customer support in the U.S. market through innovative warehouse operations, comprehensive quality control, and cutting-edge technical assistance. By directly managing orders and imports starting in March 2025, CIAM USA aims to deliver a superior customer experience while leveraging a trusted partnership with Advanced Gourmet.

“We are thrilled to launch CIAM USA in Miami,” said Fabrizio Senatore, CEO of CIAM USA. “Our mission is to redefine customer support by integrating warehouse operations, stringent quality control, and top-tier technical assistance.”

Starting in March, CIAM USA will oversee all orders and imports, marking a significant shift towards more streamlined and direct operations. This initiative highlights the company’s dedication to providing exceptional service to its U.S. customers, ensuring faster turnaround times and superior product quality.

“We are thrilled to launch CIAM USA in Miami,” said Fabrizio Senatore, CEO of CIAM USA. “Our mission is to redefine customer support by integrating warehouse operations, stringent quality control, and top-tier technical assistance. Managing orders and imports directly will allow us to offer a more responsive and efficient service to our customers.”

CIAM USA also continues its successful collaboration with Advanced Gourmet, a partner known for its reliability and excellence. This partnership remains a cornerstone of CIAM USA’s strategy, fostering shared expertise and sustained growth.

Media Contact

Harry Semerjian, Infinium Marketing Group, 1 224-595-1340, harry@infiniummarketinggroup.com

View original content:https://www.prweb.com/releases/ciam-usa-launches-in-miami-fl-to-revolutionize-us-customer-support-302388282.html

SOURCE CIAM USA

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MoneyShow Investment Masters Symposium to feature Craig O’Sullivan as guest speaker along with Jim Bianco, Dan Ives, Tom Lee, Kathryn Vera, and Ed Yardeni

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MIAMI, March 1, 2025 /PRNewswire/ — Craig O’Sullivan (X: @craigosullivan), a digital asset industry executive, is thrilled to announce his participation as a guest speaker at MoneyShow’s upcoming Investment Masters Symposium in Miami, a convergence of investment management professionals dedicated to guiding individuals on how to invest smarter and trade wiser.

MoneyShow Masters Symposium will be held in Miami, Florida on May 15th – 17th, 2025 at the Hyatt Regency Miami.  The conference features a stellar lineup of speakers including Tom Lee, Eric Bolling, Dan Ives, Jim Bianco, Kathryn Vera, Ed Yardeni, and Heather Zumarraga.

With a new presidential administration and changing economic landscape, navigating the markets in 2025 will require insights, time-tested strategies, and expert recommendations from some of the world’s most sought-after speakers. This event is a terrific opportunity for retail traders and self-directed investors to learn how to protect and grow their wealth from industry veterans in an intimate environment and dynamic setting.

Craig O’Sullivan will take part in a panel discussion about Cutting-Edge Crypto Strategies, Trends, and Top Plays.  In addition, he will be one of several members of The Economic Club of Miami including Founding Chairman Jon Hartley who will share updates about the club’s mission and activities.  Both panels are scheduled for Saturday May 17th.

MoneyShow is celebrating its 40th year of connecting over one million retail investors with world-class financial experts including best-selling authors, market analysts, portfolio managers, and financial journalists. Registration details and additional information for the Miami Symposium can be found on the event’s official webpage at www.miamimms.com.

About Craig O’Sullivan

Craig is a digital asset professional with robust experience in crypto, NFTs, DeFi, tokenization, and the capital markets for global brands and innovators.  His professional career spans nearly two decades across Wall Street and Silicon Valley, including stops at EY, Verizon Ventures, American Express, and Cantor Fitzgerald.  His academic credentials include an MBA from Vanderbilt University and a BS in Computer Science from Rutgers University.  Craig is an active member of the Economic Club of Miami and the Hedge Fund Association and recently was a panelist at Crypto AI Con and the Bitcoin Energy Summit.  Follow him on X @craigosullivan.

About The Economic Club of Miami

Founded in 2021, The Economic Club of Miami fosters meaningful networking among business leaders connected to Miami while providing thought leadership on important issues. Our mission is to host events with industry leaders from across a variety of sectors including technology, banking, investment management, politics, and media. To learn more about The Economic Club of Miami visit: www.econclubmiami.org.

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SOURCE Craig O’Sullivan

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Cryptosoft Inc. Secures Investment To Expand Software Supply Chain Security Service

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Cryptosoft Inc, secures investment funding to expand their software supply chain security business,

PLANO, Texas, March 1, 2025 /PRNewswire-PRWeb/ — Cryptosoft Inc., a provider of software supply chain managed services for dependency management and vulnerability tracking, today announced that it has secured significant funding from a series of investors to accelerate its growth and innovation. The capital will be used to expand the business’s marketing and sales resources, along with implementing new innovations to identify and remediate AI-driven threats.

“Analysis of SBOMs is expanding rapidly as organizations secure their software supply chains to address regulations like the EU Cybersecurity Act” said investor Steve Sangapu, CEO of D3V Technology Solutions. “The Cryptosoft team’s expertise made this a compelling investment opportunity”.

Cryptosoft’s flagship product is a managed service of the popular OWASP® Dependency-Track project. Dependency-Track is used by over 10,000 companies worldwide and is a highly regarded platform that helps organizations continuously monitor and track vulnerabilities within their software supply chains. With an ever-increasing number of security threats targeting open-source libraries and AI-generated code, Dependency-Track enables businesses to stay ahead of potential risks by providing real-time insights and actionable intelligence.

“We are delighted to welcome our new investors. They share our vision, recognize our software supply chain service’s growth potential and see Cryptosoft’s strategic fit with the market opportunity”, said Rob Lamb, President of Cryptosoft Inc. “This investment allows us to accelerate the expansion of our client base, develop partnerships and further innovate our Dependency-Track service”.

Cryptosoft’s OWASP® Dependency-Track service has become a go-to solution for organizations looking to secure their software supply chain effectively and quickly. The platform integrates seamlessly with CI/CD pipelines and provides real-time alerts and analytics on security vulnerabilities, allowing developers to respond quickly and mitigate risks before they escalate.

The funding comes from a set of US and European technology investors. “We see the adoption and analysis of Software Bill of Materials (SBOMs) expanding rapidly as organizations look to secure their software supply chains and provide the foundation for addressing regulations like the EU Cybersecurity Act” said new investor Steve Sangapu, CEO of D3V Technology Solutions. “The Cryptosoft team’s expertise, delivery track record and the growing market demand for their OWASP® Dependency-Track SBOM analysis service made this a compelling investment opportunity for us”.

About Cryptosoft Inc.

Cryptosoft Inc. is a provider of software supply chain security managed and consulting services. Their flagship OWASP® Dependency-Track service helps organizations monitor and mitigate the risks posed by open-source and AI-generated code dependencies, ensuring that applications remain secure and compliant. All services include a free to use entry level service, and all subscription plans include a free one month, no obligation, trial. With a focus on innovation and security, Cryptosoft is committed to empowering developers and enterprises with the tools they need to stay ahead of evolving cyber threats.

Media Contact

Rob Lamb, Cryptosoft Inc., 1 9149542419, rob.lamb@cryptosoft.com, www.dependencytrack.com

View original content:https://www.prweb.com/releases/cryptosoft-inc-secures-investment-to-expand-software-supply-chain-security-service-302387471.html

SOURCE Cryptosoft Inc.

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