Market Share of United Kingdom Heat Pumps Industry
The United Kingdom Heat Pumps Market is highly competitive. An increase in the need for energy-efficient solutions and technological advancements across the country provides lucrative opportunities in the market. Overall, the competitive rivalry among competitors is high. The major vendors operating in the market look for strategic investments to expand their market share. Some of the strategies adopted by them are as follows:
In Nov 2022, Kensa, a UK-based heat pump manufacturer, is upgrading its existing heat pump technology, which may be critical for the country's electricity infrastructure. The company has received funding from the UK Government funding from the Department for Business, Energy and Industrial Strategy (BEIS) to accelerate its development for mass market deployment.
In July 2022, FutraHeat, a UK-based startup, designed a high-temperature heat pump that uses waste heat from industrial processes to generate steam. The heat pump is electrically powered and can operate with zero CO2 emissions when powered by renewable sources.
United Kingdom Heat Pumps Market Leaders
IMS Heat pumps
Vaillant Group
Baxi Heating UK
Worcestor Bosch Group
Viessmann Group
*Disclaimer: Major Players sorted in no particular order
