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European heat pump market and statistics report 2024.

Author(s) : WESTRING P., GIBB D., UGUEN G., AZAU S., VANBECELAERE J.

Type of monograph: Report

Summary

On the one hand, the heat pump market is growing. In 2023, a total of 3.02 million heat pumps were sold across 21 European countries, bringing the total stock to around 24 million altogether. There are now over 250 manufacturing sites in Europe, and the heat pump sector represents €7 billion in investment from 2022-2025 and employs around 168,000 people directly.
On the other hand, this report shows that the growth in the market is slowing, particularly in the final quarters of last year. For the first time in a decade, annual growth shrank in 2023.

Details

  • Original title: European heat pump market and statistics report 2024.
  • Record ID : 30033107
  • Languages: English
  • Subject: Figures, economy
  • Publication: European Heat Pump Association (EHPA)
  • Publication date: 2024

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