Growth in the world heat pump market
The world heat pump market increased 7.2% by volume in 2013 to almost 2 million units. The growth was driven by the strong progression of sales of heat pump water heater in the USA especially on the one hand, and the recovery of the European market on the other hand.
However, in value terms, the market went down 6.9% in 2013 compared with 2012; the reason behind the drop is attributed to the decrease in sales of large output units as well as increasing competition among suppliers.