The heat pump industry is experiencing rapid growth as the global demand for sustainable energy and efficient heating solutions continues to rise. This article looks at current global trends in heat pumps and their future prospects.
State of the heat pump market:
Since 2023, the overall heat pump industry, including air-source heat pumps, water and ground-source heat pumps, absorption heat pumps, including the total annual sales of 33.1 billion yuan, an increase of 11.4% year-on-year, the overall still maintains a stable growth trend; air-source heat pump industry annual sales of 31.02 billion yuan, an increase of 11.9% year-on-year. Air source heat pump industry's domestic market size of 24.66 billion yuan, an increase of 18.7% year-on-year, the growth rate back to double-digit; and 6.36 billion yuan of export sales scale, down 8.5% year-on-year 2022. Air-source heat pump heating sales were 16.71 billion yuan, up 29.2% year-on-year; air-source heat pump hot water sales were 5.77 billion yuan, down 5.7% year-on-year; air-source heat pump drying was 2.18 billion yuan, up 10.9% year-on-year.
Application Scenario:
As an energy-saving device, heat pumps can be used for heating, cooling, providing domestic hot water, drying and many other applications. In the field of building heat pumps, China's heat pumps account for more than 80% of the total, and are mainly used for heating/domestic hot water in domestic, residential or commercial buildings.
Future Trends of Heat Pumps
It can heat (space heating), cool (space cooling), provide domestic hot water, dry, heat materials, and even generate steam, etc. In this IEA chart, heat pumps can be used in almost all applications below 200°C. The heat pumps can be used in a wide range of applications, including building heat pumps, district heating heat pumps, and industrial heat pumps. In terms of application scenarios, they can be categorized into building heat pumps, district heating heat pumps, and industrial heat pumps by broad categories.
Global heat pumps:
The International Energy Agency predicts that the global stock of heat pumps will be close to 3,000GW in 2030, meeting 25% of space heating demand, with a CAGR of nearly 20% in heat pump sales.
Advantages of heat pump technology
Energy saving and environmental protection: heat pumps, as an energy-saving device that transfers a low-grade heat source to a high-grade heat source, have significant energy-saving and environmental protection effects.
Wide range of application scenarios: from building heating to industrial heating, heat pump technology has a wide range of application scenarios.
Policy support: With the deepening of global concern for climate change, governments have introduced policies to support the development of clean energy technologies such as heat pumps.
future outlook
Continuous growth: In the long run, whether it is building heating, district heating or industrial heating, heat pump technology will be the best choice for clean heating route, with huge potential space.
Technological innovation: With the continuous progress and innovation of technology, the performance of heat pumps will be further improved and the application scenarios will be more extensive.
The CAGR of heat pump sales from 2022 to 2030 is close to 20% and accounts for 50% of all heating equipment. Overall, although the heat pump market is under pressure in the short term, it has great potential for development in the long term.
The global heat pump market is in a phase of rapid development, benefiting from technological advances, policy support and the integration of efficient renewable energy sources. As a heat pump manufacturer, we are committed to tracking these trends and providing dealers and consumers with, sustainable We welcome more partners to join us in driving the future of this industry.
About Exinda
Exinda's initial purpose in manufacturing heat pumps was to provide a solution for people to achieve cooling freedom in summer, heating freedom in winter, and meet their hot water needs without relying on traditional fuels in various climatic conditions. The advent of heat pumps has successfully fulfilled all the aforementioned requirements.
Exinda would like to thank all of our customers both online and offline. We will continue to devote ourselves to providing high-quality, high-performance heat pump products to meet customer needs and create high-technology and energy-efficient heat pump solutions for consumers.
Exinda warmly welcomes individuals interested in new energy heat pump products to visit our factory. You will have the opportunity to gain a close-up understanding of Exinda Heat Pump research and manufacturing processes.
Email: info@exindagroup.com
Website: www.exindagroup.com
