Heat Pump Market: European Heat Pump Market Blows Out in 2022!

The carbon peaking and carbon neutrality goals has prompted the transformation of the energy structure.

The conflict between Russia and Ukraine has led to a shortage of natural gas.

Air source heat pumps have become a new choice for hot water and heating in Europe.

air to air source heat pump

Air to Air Source Heat Pump

As the world’s largest producer,

China’s export market in Europe has ushered in explosive growth.

At the same time, the growth of the heat pump main engine export market has also brought development opportunities to upstream parts and components supporting enterprises.

Heat pumps become the mainstream heating method, and the future market size of Europe will exceed 400 billion euros

The Russian-Ukrainian conflict + carbon peaking and carbon neutrality goals has accelerated the transformation of Europe’s energy structure, and the air source heat pump with high energy efficiency and environmental protection has ushered in an explosion.

In the context of the interruption of natural gas supply in Europe, the energy dependence of more than 70% of natural gas makes Europe urgently need to change the energy supply structure.

Heating is an important area of ​​energy consumption.

Central Heating Pump

Central Heating Heat Pump

Air source heat pumps have the advantages of not relying on fossil energy and high energy efficiency.

They are included in the “REPower EU” energy plan and are expected to become the mainstream heating method under “gas shortage”.

In the context of energy shortages, European heat pump sales in 2021 will increase by 34% year-on-year to 2.18 million units, the highest growth rate in nearly 10 years.

Affected by the conflict between Russia and Ukraine in 2022, EU countries have accelerated the pace of energy transformation, and have introduced stimulus policies such as purchase subsidies to promote the sales of heat pumps.

In May 2022, the EU proposed the REPowerEU Plan, which aims to reduce the EU’s energy dependence on Russia by rapidly promoting the transition to clean energy.

According to the plan, the EU plans to increase the installed capacity of heat pumps by 10 million units in the next five years, and add a total of 30 million circulating heat pumps by 2030.

According to the calculation of Cinda Securities, the market space for household heat pumps in the European market will reach 37.73 million units in the future.

With the addition of updated and commercial and industrial heat pump demands, it is estimated that the long-term market demand for heat pumps in the European market will exceed 40 million units in the future, corresponding to the market size will exceed 400 billion euros.

In the first half of 2022, exports increased by 68.2% year-on-year.

Since the “blowout outbreak” of the European market in 2021, my country’s air source heat pump exports have grown rapidly.

According to industry online data, my country’s air source heat pump exports in 2021 will be 4.5 billion yuan, a year-on-year increase of 100.7%; in the first half of 2022, the export market size will be 3.45 billion yuan, a year-on-year increase of 68.2%.

In terms of the export value distribution of export destinations, France, Italy, Germany, Poland, Spain, the Netherlands and other European countries are in the forefront.

Considering that the current stock penetration rate of heat pumps in Europe is only 14%, the trend of “blowout explosion” has emerged, and the future replacement space is still broad.

The export of air source heat pumps in my country is still expected to maintain a strong and high prosperity growth.

At the same time, my country’s air source heat pump market started late, the pattern is scattered, and the technical level is uneven. Companies with deep product technology accumulation are expected to enjoy the industry dividend faster.

GESON CHILLER has achieved good results in the export market, and the export products cover hot water, heating and drying units.

Heat pumps involve many parts, mainly including compressors, valves, heat exchangers, water pumps, controllers, etc.

The high volume growth of heat pumps also has a positive effect on the growth of the above-mentioned components, especially in sub-sectors.

In the first half of this year, GESON CHILLER’s heat pump products maintained a continuous high growth, and the shipment volume doubled compared with the same period last year, which performed well in the industry.

In response to the needs of overseas markets such as Europe, GESON CHILLER maintains close cooperation with leading companies in the industry, and continuously introduces intelligent frequency conversion solutions that meet market expectations.

Through technological innovation and optimization of control systems, combined with advanced drive technology, in order to improve energy efficiency and Product reliability, bring better energy-saving effect to users, and help ” The carbon peaking and carbon neutrality goals “.

GESON CHILLER has shipped nearly 1 million sets in domestic and foreign heating markets, and has been operating stably in domestic and overseas markets for more than 5 years.

About Geson Chiller

15-years experience on Industrial Refrigeration Equipment engineering Water Chiller Manufacturer.

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