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"Coal-to-Electricity Transformation" policy promotes air source heat pump market may exceed 50 billion RMB by 2020

In recent years, affected by fog and haze, the Chinese local governments have introduced relevant policies to encourage the development of new energy industries, and promote energy saving and emission reduction, to reduce intensification of fog and haze disaster. In the North, many cities led by the capital, Beijing, go in for "Coal-to-Electricity Transformation", replacing the traditional small coal-fired boiler by offering high subsidies to encourage residents to use air source heat pump heating and other clean energy heating.
 
On August 31st, the State Grid Beijing Electric Power Company held the training of Beijing "One Meeting-Three documents" reform policy for approval, and dispatching meeting of supporting project progress for "Coal-to-Electricity Transformation", claiming be early and quit, actively work as "One Meeting-Three documents" policy in Beijing, based on service for the overall development in Beijing, to promote the supporting progress for " Coal-to-Electricity Transformation ". We can see the Chinese Governments' determination and belief in environmental quality from their support for energy saving and emission reduction.
The air source heat pump industry is developing rapidly with the help of Chinese policy for energy saving and emission reduction. "Coal-to-Electricity Transformation" project using air to heat pump has gradually become a trend, heating by heat pump projects are in full swing around China, which bring more wealth business opportunities for air source heat pump. It is reported that the proportion of the project market of air source heat pump industry is higher than the retail market, up to 65% -70%. In the future, this proportion may continue to grow.
The output value of air source heat pump market in 2016 has improved steadily, is expected to exceed 10 billion; Air source heat pumps are applied to domestic hot water, commercial hot water, heating, heating and cooling, drying, dehumidification and industrial applications, which has made a huge step forward and highlighted by the market.
 
Viewed from the sales of air source heat pump in first half of 6 months 2016, the average price of heat pump is 6355 RMB, much higher than of solar water heater. The previous digital maps data shows that the on-line market of air source heat pump gets better. In recent years, the cognition of customers is improved. Air source heat pump has advantages than electric water heater and gas water heater, which has a promising prospect in the future.
 
As the demand of air source heat pump industry is increasing and the "Coal-to-Electricity Transformation" project is promoting, air source heat pump in the heating market will undoubtedly get a greater development. The industry insiders predicted that the air source heat pump market will exceed 10 billion RMB, and is expected to exceed 50 billion RMB in the next five years.

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