24 June 2014

THE SUCCESS FACTORS BEHIND THE RAPID GROWTH OF THE HEAT PUMP MARKET IN FINLAND


The heat-pump branch has experienced huge growth in Finland. The prerequisites for heat pumps in Finland are excellent. Nevertheless, the impact of active lobbying, incentive schemes, system quality, product and installer certification and training as well as IEA HPP annex forums from universities, polytechnic colleges, research institutes and financiers for the creation of national projects must not be forgotten when talking about the
success factors behind the rapid growth of the heat pump market in Finland. Of course, the fact that the return on a heat-pump investment already today is more than 10% per year is a key factor in the rapid market development. Heat pumps play, and will play, a significant role in the transition of heating systems when trying to meet the requirements that the EU Renewable Energy Directive has set for Finland. It can be predicted that in 2020, in a country with a population of 5 million, one million heat pumps will be producing annually more than 8
TWh of renewable energy The purpose of this paper is to present the success factors so that other countries can learn from Finland.