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EHPA: Very positive outlook for the heat pump market

Press release from European Heat Pump Asociation (EHPA)

The EHPA market outlook is out and it reveals a growing market for the 4th year in a row! At the end of the year, the counter had reached 10.6 million, the result of 1.11 million units sold in 2017 (+10%). Signs from several markets in Europe indicate, that this growth continues in 2018 since more than 11 million HPs (in total) were installed by the end of the first half of 2018.

The report shows that 10,6 million heat pumps installed generate:

  • Useful heat generated 181,1 TWh
  • Renewable energy 116 TWh
  • CO2 emission saved 29,7 Mt
  • Final energy saved 148 TWh
  • Storage capacity  369 GW

If this market growth continues, a doubling of the European Heat Pump Market by 2024 is realistic. This is not only good news for consumers but also for national governments and for society as a whole. Those who will accompany the deployment of the heat-pump technology will benefit from a single solution to help them fulfil at the same time the various new obligations arising from recently adopted EU energy policies (renewable heating and cooling, energy savings, energy efficient buildings, increased demand-response, etc.).

The 2018 Market and Statistics Report is now available and features:

  • 2017 sales figures on 21 European countries
  • EU policy trends
  • Industry trends
  • EHPA Forecast until 2020 for all 21 countries

For more information, interviews or to receive a copy of the report (free for the press), please contact Ms. Eirini Litina.

Contact details
Ms Eirini Litina, +32 (2) 400 10 35, eirini.litina@ehpa.org

The Brussels based European Heat Pump Association (EHPA) represents the majority of the European heat pump industry. It has currently 119 members from all parts of the industry’s value chain: heat pump and component manufacturers, research institutes, universities, testing labs and energy agencies. Its key goal is to promote awareness and proper deployment of heat pump technology in the European market place for residential, commercial and industrial application. EHPA coordinates the European Quality label for heat pumps and the EUCERT education and training scheme for heat pump installers. It compiles the annual sales statistics and market outlook. For more information, please visit: www.ehpa.org