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 favorable 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.