02 July 2010

Heat pumps in Finland: market report

This article presents an overview of the heat pump market in Finland, a relatively new member of the IEA HPP. The present situation is described, together with a prognosis until 2020. The market is dominated by air/air heat pumps (by numbers) and by ground-source heat pumps (by revenue). It is expected that the
market for both of these will continue to grow, while that for exhaust air heat pumps may decrease, due to new legislation. If the prognosis for 2020 holds, heat pumps can be expected to contribute significantly to
Finland’s target for renewable energy.