The latest report, published in June 2023, looks at the 2022 market. It finds that heat pump sales grew by 39% in 2022 and the total stock of 20 million heat pumps is avoiding a record 52.5 Megatonnes of CO2 for Europe’s buildings sector – around the annual emissions of Greece.
With France in the lead, Europe’s buildings sector is avoiding more greenhouse gases than ever before thanks to record growth in heat pump sales in 2022. That is according to the new 2023 market report from the European Heat Pump Association.
The 3 million heat pumps added last year bring the total stock of heat pumps to 20 million. These avoid 52.5 Megatonnes of greenhouse gas emissions per year – around the annual total of Greece.
Thomas Nowak, secretary general of the European Heat Pump Association said:
“2022 was an outstanding year for European heat pump sales. The foundation is laid for continued exceptional growth and with it the benefits heat pumps bring in terms of climate action, energy independence and jobs. This is without a doubt the decade of heat pumps.”
France, which yet again saw strong heat pump growth last year, is leading the way in terms of avoided greenhouse gas emissions through heat pumps, at well over 16 Mt. It is followed some way behind by Germany and Italy at over 5 Mt avoided each.
If things were to stay this way, the buildings sector would be off track to decarbonise heating and cooling by 2050, as the EU climate law requires. This is because the playing field is still tipped massively in favour of fossil fuels, in terms of subsidies and taxation. However, the issue is very likely to be addressed soon by the European Commission in their upcoming EU Heat Pump Action Plan, which should help make the situation fairer for clean solutions.
“Heat pumps have a leading role to play to reach net zero emissions, but to bring them centre stage governments must give clear policy signals. They can do this by addressing distorted pricing which favours gas over electricity, and supporting the EU Commission’s proposed phase out of stand alone fossil fuel boilers”, said Jozefien Vanbecelaere, head of EU affairs at EHPA.
Last month, EHPA and the European Climate Foundation launched a ‘EU heat pump accelerator’ paper, with over 20 contributing organisations, and handed it to the European Commission. This accelerator identifies the barriers and solutions to faster heat pump roll-out. It will input into the Commission’s upcoming heat pump action plan, due by the end of 2023.
European Heat Pump Market Statistics Report
European heat pump market and statistics report 2023
Tue Jul 25 08:54:37 CST 2023
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Editor: Amanda
by 2024, Globally: PMR Report
the revenue generated from sales of tankless water heater market is estimated to be valued at US$ 16.9 Bn by 2016 end, and is expected to increase at a CAGR of 5.3% during the forecast period (2016-2024).
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