Annual Sales Exceed 3 Million Marking A 39 Increase

Heat Pump Sales Surge, Setting New Records

Annual Sales Exceed 3 Million, Marking a 39% Increase

Heat pump sales are soaring to unprecedented heights, with over 3 million units sold in 2022 alone. This remarkable surge represents a year-on-year increase of 39%, as revealed by the latest report published in June 2023. The report delves into the 2022 market, providing invaluable insights into this rapidly growing industry.

Transitioning to a Greener Future

Heat pumps, powered by low-emission electricity, play a crucial role in the global transition to a more sustainable energy system. They are low-carbon heating technologies that offer the potential for significant reductions in carbon emissions. The increasing adoption of heat pumps is a testament to the growing awareness of their environmental benefits.

Meeting Ambitious Targets

The surge in heat pump sales is particularly significant in the context of ambitious renewable energy targets. The European Union aims to achieve 49% renewables in heating by 2030, and heat pumps are seen as central to meeting this goal. The declining cost of heat pumps, coupled with government incentives, is driving their widespread adoption.

Economic Growth and Job Creation

In addition to their environmental benefits, heat pumps also contribute to economic growth and job creation. The manufacturing, installation, and maintenance of heat pumps create new employment opportunities, particularly in the construction and energy sectors. The rapid expansion of the market is expected to continue in the coming years, fostering innovation and driving industry growth.