Ongoing growth: heat pump sector continues its positive contribution to Europe’s energy and climate targets

The heat pump engine picks up steam. While the proverb does not work for a modern electric technology, the underlying message holds true. For the fourth year in a row, our market outlook and statistics review, reveals a growing market. Benefiting from a favourable construction sector and an increasing appetite for renewable energy and energy efficiency, the EU heat pump markets have grown by 9%, with nearly 1.1 million heat pumps sold. As not all markets have reported their data, this statement is preliminary, but since the top 10 markets have all grown, the positive trend is a robust one.


Our report shows that just in 2017, 1 million (1.087.423) HPs contributed to:

Storage capacity: 37 GW

Useful heat generated: 16.9 TWh

Renewable energy: 10.6 TWh

Auxiliary electricity used: 6.3 TWh

CO2 emissions saved: 2.7 Mt

Final energy saved: 13.6 TWh


The total installed stock has, by now, reached 10.5 million HPs. It contributes the following to the European energy and climate targets:


Storage capacity: 368 GW

Useful heat generated: 181 TWh

Renewable energy: 116 TWh

Auxiliary electricity used: 65 TWh

CO2 emissions saved: 29.8 Mt

Final energy saved: 148 TWh


Experts predict an ongoing future growth of around 10% annually. In turn, installed stock will double within the next 6-7 years and a second time by around 2030. This organic growth will result in a 36% cost reduction by 2030. If additional technology development kicks in and market framework conditions are adjusted, cost reduction rates will occur sooner.


With it, comes the need for manufacturing capacity enlargements and investments in R&D infrastructure. Imagine that the annual market growth reflects the combined sales of Germany, Austria and Switzerland – such additional numbers require more trained planners, architects and installers, a challenge that industry and Member States have to tackle via public and private investment.


However, even the current high level of heat pump advancement on European markets won’t be fast enough to decarbonise heating and cooling sector. Therefore, we hope that the outcome of our report will inspire an update of expectations and will result in higher and more ambitious targets, on the side of both the policy makers and the industry.



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