Heat pump market Europe 2023

According to the European Heat Pump Association(EHPA),the European heat pump market broke a new record in 2022 with around 3 million units sold.The EHPA gathered market data from their national members in order to provide the latest market data from 21 countries in Europe.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.

The Europe Heat Pump Market size valued at USD 14.2 billion in 2022 and is set to grow at a CAGR of 18.4�tween 2023 and 2032.Europe industry growth is owing to the increasing demand for efficient space heating technologies along with the accelerating development across buildings infrastructure.