Global Heat Pump Sales Continue Strong Growth Driven by Policy Support, Incentives, and Climate Goals

According to the latest analysis by the IEA, a commentary published on March 31, global sales of heat pumps grew by 11% in 2022, marking a second year of double-digit growth for the technology. Increased policy support and incentives for heat pumps drove strong uptake, with Europe enjoying a record year, and sales of air-to-water models jumping almost 50%. Heat pump purchases exceeded those of gas furnaces in the US. However, sales remained stable in China amidst a general economic slowdown.