Between 2019 and 2023, the heat pump market displayed notable trends across different regions.
China led the market with substantial sales, reaching 35 GW in 2023—a 13% increase from 31 GW in 2019. However, China’s global share decreased from 36.90% in 2019 to 32.11% in 2023.
The European Union saw remarkable growth, expanding by 107% from 13 GW in 2019 to 27 GW in 2023. The EU’s global share increased from 15.48% in 2019 to 24.77% in 2023.
The United States experienced steady growth, with sales rising from 23 GW in 2019 to 26 GW in 2023. However, the US’s global share decreased from 27.38% in 2019 to 23.85% in 2023.
Japan’s market remained relatively stable, maintaining sales between 7 and 8 GW.
The rest of the world saw gradual growth, reaching 14 GW in 2023, up from 10 GW in 2019.
Source: IEA (2024), Heat pump sales by country or region, 2019-2023, IEA, Paris https://www.iea.org/data-and-statistics/charts/heat-pump-sales-by-country-or-region-2019-2023, Licence: CC BY 4.0
Cite Chart: RenewStats.com. (2024). Heat pump sales by country or region, 2019-2023. Retrieved from https://renewstats.com/country/heat/2024/08/23/heat-pump-sales-by-country-or-region-2019-2023/
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