EU Heat Pump Market Shows Signs of Recovery
The number of heat pump units sold in the European heat pump market increased by 3 percent in 2013, according to a new report from the European Heat Pump Association (EHPA). The European Heat Pump Market and Statistics Report 2014 includes a compilation of market data and statistics on heat pumps from 21 European countries.
After three years of stagnation and even a slight decline, European heat pump markets are recovering with 771,245 units being sold in Europe in 2013. Fifteen of the 21 European markets experienced growth, and some countries even experienced double-digit growth for a second year in a row. The heat pump markets in Portugal, Spain, Sweden and Finland returned to growth after declines in 2012. Growth in two of the biggest markets—France and Sweden—strongly influenced the overall positive results of the European market. Early signs from 2014 sales confirm this trend, and it is expected that 2014 will see larger growth than 2013.
The heat pump market is governed by three major trends:
- Air is and will remain the dominant energy source for heat pumps.
- Sanitary hot water heat pumps are the fastest growing heat pump segment across Europe. This category is the only one showing double-digit growth.
- Larger heat pumps for commercial, industrial and district heating applications are increasingly popular. While they often use geothermal or hydrothermal energy, air is also used by a number of installations.
In 2013, a total heat pump capacity of over 24 GW was installed producing about 13 TWh of useful energy and integrating 8.26 TWh of renewables in heating and cooling.
In October, EHPA issued a white paper showing how heat pumps could, over time, replace the total share of heat produced with imported Russian gas, while providing a fair contribution to meeting the EU’s 2030 targets.
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