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BSRIA study on global heat pump market
2017/07/14
06/07/2017
The Building Services Research and Information Association (BSRIA) recently published a series of reports on the latest trends in the heat pump market. The results show that the 2016 global air-to-water (ATW) heat pump market was valued at USD 4,117 million, an increase of 24% compared to the previous year.

These good results are mostly due to the Chinese market. Sales accelerated by 45%year-on-year in China, thanks to measures implemented by the government toreduce air pollution. Heat pump sales averaged 2.5 million units in2016 in China. BSRIA predicts an expansion of this market in the coming years.
 
In Europe, the market is more fragile: the sales of ATW heat pumps went up 6.3%with 405,000 units sold, after a growth of 13% the year before. Suppliersattributed that slowdown to the general elections that took place in a numberof countries in 2016. Low oil price was another factor that shifted theattention of the public away from heat pumps.
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