A S A Pumps Trading Llc

[Trisha Quercioli]

Hithere, what is your view on pump and dump, is it a fair practise? Or a Scam?

Please make sure to follow community forum guide lines.

No patronising (avoid saying you should, stick to I would) no sarcasm, no name calling, please be kind and well mannered.

Thank you.

Roughly, any group of investors privately colluding in order to induce a crowd to buy into an asset they control a large chunk of the supply was declared as a pump and dump, and is sanctionable with jail time.

Buying long or selling short, heck even to some extent derivatives markets (derivatives can get used in a poor way fuelling systemic risks, so i have to put them on the side here), all are bets on an underlying real situation.

In my opinion Market manipulation by Derivative trading, Pump and Dump, lent out loans and shares and naked short selling are very damaging for every stock market and they need to be eradicated for a fairer and ethic trading.

the market exists at its current scale and the economy functions as it does because of derivatives, underlying assets and frequent practices of price discovery which is supported by those who hold short positions just as much as those who are long.

without all the different entities and derivatives, the stock market would still remain a very exclusive opportunity for a few wealthy old men in suits, with no way for the general retail investor to get a foot in the door or to try improve their lot in life. in turn the economy would remain as it was decades ago with no major conveniences like the giants of google, facebook, apple, microsoft etc to power your daily lifestyle.

Traders aim to make a profit, but they are not so delusional as to think they can always make one. they often have to accept eating a loss to try again with another position when they see another opportunity arise.

what is illegal is illegal, so traders DONT do it, as simple as that. certainly not as a sweeping generalisation like you suggest.

Globally, heat pumps, when used as a main heating device, cover around 10% of heating needs in buildings today. This corresponds to over 100 million households, meaning that one in ten homes that require substantial heating are served by heat pumps today. However, many more households use heat pumps only part of the winter or as a supplementary source of heating in regions where they are mainly used for cooling buildings.

To align with all existing national energy and climate pledges worldwide, heat pumps will have to meet nearly 20% of global heating needs in buildings by 2030. The world is almost on track to reach this milestone if new installations continue to grow at a similar rate globally as they did the last two years. However, sales need to expand by well over 15% per year this decade if the world is to achieve net zero emissions by 2050.

Installations of heat pumps remain concentrated in new buildings and existing single-family homes. Multistorey apartment buildings and commercial spaces will need to be a priority area if solid growth is to continue. Energy efficiency retrofits also need to accelerate to ensure that new heat pumps installed in existing buildings are as efficient as possible and not oversized. This will lower upfront and operating costs for consumers and reduce strains on power systems, especially if combined with smart controls for flexible operation.

In France, heat pumps outsold fossil fuel boilers in buildings for the first time in 2022, coinciding with the first year of a national ban on gas boilers in new buildings. While demand for fossil fuel boilers is declining in other major European countries, they still have a higher market share than heat pumps. In Germany and Italy, for example, there were twice as many fossil fuel boilers sold than heat pumps in 2022. At the same time, there are proposals to phase out the most polluting technologies and fuels. Plans by the German government suggest that new heating systems must be largely based on renewables from 2024 onwards. Across Europe, seventeen countries have implemented or announced bans on installations of boilers that run exclusively on some form of fossil fuel.

North America has the largest capacity of heat pumps installed today used for heating buildings. In the United States, heat pumps overtook gas furnace sales in 2022 after years of almost equal growth. Most residential units in the country are air-to-air models in ducted air systems. These are larger than those typically used in Asia, where there is often one unit for each room. Though most heat pumps are still installed in single family homes in the United States, the number of apartments using heat pumps as their primary heating technology more than doubled between 2015 and 2020. In recent years, manufacturers have developed specialised heat pumps that work efficiently in cold climates to accelerate their deployment in these US regions, where less than 5% of households heated their homes with this technology in 2020.

There were more heat pump units sold in China in 2022 than in any other country despite a slowdown in sales growth. In Northern China, district heating remains the most common heating solution in cities, but many of these households also have heat pumps installed for space cooling and providing additional heating from time to time. In Southern China, where winters are milder, air-to-air reversible units are a widespread solution for space heating, though sales were largely stagnant in recent years. Air-to-water heat pumps mainly used for space heating are a small segment of the Chinese market, but they saw growth of over 20% in 2022. Sales of air-sourced heat pump water heaters remained relatively stable at more than 1 million units sold. Around 40% of heat pumps worldwide are manufactured in China, making the country the largest producer and exporter of this technology, with most of its exports going to Europe.

In Japan and Korea, sales of air-to-air heat pumps were largely stable in 2022 as most units sold were to replace existing installations, which are typically a third less efficient than new models. More than 90% of homes in Japan are already equipped with heat pumps for space heating and cooling. However, two out of three households still use other appliances such as kerosene or electric heaters for additional heat when needed. Demand for heat pumps to provide hot water is growing rapidly in Japan, with more than 8.5 million units sold since the introduction of the EcoCute models in the early 2000s. In Korea, geothermal and water-source heat pumps are expanding market segments driven by financial incentives.

Heat pumps are still largely absent from heating markets in Central Asia and some parts of Eastern Europe, where upfront costs remain a major barrier and many homes are connected to district heating networks. However, large-scale heat pumps are an effective option to decarbonise these networks, which remain heavily dependent on fossil fuels today.

Heat pump sales have been boosted by financial incentives that are currently available in over 30 countries around the world. Collectively, these countries make up more than 70% of global heating demand for buildings. Many of these support schemes were introduced or strengthened in 2022. Since the beginning of this year, subsidy levels were increased in the United States, Poland, Ireland and Austria, laying the foundations for sustained heat pump deployment.

Financial incentives available today make the purchase of the cheapest heat pump models comparable to that of a new gas boiler for consumers in most major markets. Some countries offer higher subsidies for low income households, the introduction of high efficiency models or for units operating with natural refrigerants which adds to the economic case for heat pumps. However, the design of electricity tariffs and energy taxation still put heat pumps at a disadvantage relative to fossil fuel boilers in some countries. Tariffs and taxes should instead be tilted in favour of cleaner and more efficient consumer choices. Addressing other barriers such as a shortage of installers and restrictions or practical constraints for new installations becomes even more pressing as upfront costs come down.

More granular reporting of heat pump deployment by technology, capacity and building type will be crucial to ensure informed policy decisions are taken to accelerate the uptake of heat pumps. Stronger international collaboration could facilitate the exchange of data collection, best practices and the harmonisation of reporting. This is particularly the case for air-to-air units, which are often used exclusively for space cooling or in parallel with other heating equipment.

Market data is even more scarce on large-scale heat pumps for industry and district heating. These two segments have a critical role to play in the decarbonisation of heat by providing a key solution for low-temperature processes in a range of industries and by complementing the direct electrification of heat in buildings.

The IEA will continue to publish an annual update on global heat pump sales and deployment. New analysis on developments in heat pump technology and global supply chains will also be covered in our flagship publication series.

Additional contributions to this commentary were provided by Conor Gask, Hyeji Kim, Toru Muta, Arthur Rog, Ryota Taniguchi, Talya Vatman, Daniel Wetzel and Biqing Yang. The European Heat Pump Association, the Chinese Heat Pump Association, Assoclima and Assotermica provided valuable data.

Heat pumps included in this analysis are electric units used as primary device for space and/or water heating in buildings and excludes to the extent possible air-air reversible heat pumps units bought primarily for space cooling.

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