The objective of the Phase 1 project was to develop a market entry feasibility study for the ECOPUMP commercialization that would include thorough market research, user need analysis, certification landscape analysis and business model design. The SME instrument Phase 1 project allowed EcoInstal to conduct a feasibility study, improve the technical specification of the product, and prepare itself for commercialization of the innovative solution.
ECOPUMP addresses challenges related to intensive energy consumption in the heating and cooling industries. Technology choice is an opportunity to improve clean energy access and local air quality, both of which are a key challenge for many countries. To address the challenge of environmentally friendly heating and cooling solutions for housing and medium industrial halls, EcoInstal developed a ground to water direct expansion Heat Pump with "eco-friendly" propane R 290 refrigerant with a high COP (Coefficient of Performance) up to 5.4 annual average.
The annual European Heat Pump Market and Statistics Reports reveals a growing market for the fifth year in a succession, leaving an entirely positive outlook for the development of this sector as heat pumps are starting to be recognized by society as energy efficient, cost saving and environmentally friendly alternative for heating. By the end of 2018, over 12 million heat pump units have been installed.