Heat pump technology is becoming increasingly recognized as the way forward to achieve decarbonization goals. According to a 2022 report by the International Energy Agency, while 190 million heat pump units were in operation in buildings worldwide in 2021, heat pumps still only meet about 10% of the global heating need in buildings — below the deployment level required to get on track with Net Zero emissions by 2050. Which leaves lots of opportunity for growth in this market.
The plumbing and HVACR industry has seen a spike of interest in heat pump adoption. Heat pumps are definitely on a growth trajectory, and a great deal of innovation is helping propel that into the future, according to David Lopes, director of commercial sales for North America for Bosch Thermotechnology.