Global air-to-water heat-pump market figures

In 2010, global air-to-water (ATW) heat-pump market demand increased by 24% since the previous year.
In 2010, global air-to-water (ATW) heat-pump market demand increased by 24% since the previous year to 1 238 500 units despite a 13% decline in European sales (from 526 263 to 456 144 units sold, still well over the 2007 figure of 396 556 units) and a 10% decline in the USA since 2009.  
The increase was partly due to the vitality of the Chinese market in 2010 with sales of 450 000 units, which represented enviable growth, following 150-200% annual growth rates since 2002. In addition to the Chinese domestic market, 20% of total Chinese ATW sales come from export markets. There are even claims that the Chinese ATW (not unlike its VRF market) has grown to more than double that of Europe, and in 2011 growth of  60% is still expected.
The ATW market has also altered in terms of technologies used: new monobloc systems have been introduced (the first ATW heat pumps consisted in an outdoor heat pump and an indoor “hydro” unit) and inverter technologies offer 30% higher COP during full-load operation and 40-50 % higher COP during part-load operation than their non-inverter counterparts. The range of applications has also widened: initially ATW heat-pumps mainly had domestic applications, but commercial and industrial heat pumps for hot water supply are gradually being developed for a wider range of applications, including dining establishments, school lunch centres, hospitals and nursing care facilities, hair salons, hotels, inns and banks.

JARN, August 25, 2011