Impact of the energy crisis on demand
The ongoing energy crisis in the Middle East has triggered a surge in gas and oil prices, leading to a spike in demand for heat pumps as an alternative solution.
The sector’s readiness to scale
The European Heat Pump Association (EHPA) emphasizes that the sector is ready to scale up. The industry relies on several key factors:
- 🔹 Existing trained installers
- 🔹 Workers from related industries who can transition to installing heat pumps
Manufacturing capacity
Europe’s manufacturing capacity for heat pumps, significantly expanded after the surge in demand in 2022, is largely underutilized. Factories are capable of producing several times the current volumes if the necessary conditions are created.