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Europe's Heat Pump Boom: 2.3 Million Installed in 2024

1/30/2026

Center

Heat Pumps Revolutionize Heating

Air conditioning systems are increasingly used for heating, with 2.3 million heat pumps installed in Europe in 2024.
These systems extract heat from outdoor air and are efficient when powered by low-carbon electricity.
In Scandinavia, about 60% of buildings use air conditioning for heating, and fossil fuel systems are largely phased out.
The International Energy Agency expects heated buildings to reach 20% by 2030, and modern units heat quickly.

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Residents Face Heating Struggles

New York City has its longest cold snap since 2003, with 12 days below freezing.
Nationwide, home heating expenses are projected to rise 9.2 percent this winter.
In New York, heating oil averages $3.84 per gallon, creating potential daily costs of $30.72 for heating oil and $9.11 for electric space heaters.
Residents struggle with high bills and inadequate heating, prompting some to seek alternative accommodations.

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Americans Embrace Heat Pumps

Many Americans are considering heat pumps for home heating and cooling to save money and reduce emissions.
High winter electricity costs can make heat pumps less economical than gas furnaces, prompting states to lower winter rates.
Electric blankets are gaining popularity as an energy-efficient option because they cost a few pence per hour to run.
Experts recommend using electric blankets with central heating for warmth and health benefits during winter.

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Heat Pumps Revolutionize Heating

Air conditioning systems are increasingly used for heating, with 2.3 million heat pumps installed in Europe in 2024.
These systems extract heat from outdoor air and are efficient when powered by low-carbon electricity.
In Scandinavia, about 60% of buildings use air conditioning for heating, and fossil fuel systems are largely phased out.
The International Energy Agency expects heated buildings to reach 20% by 2030, and modern units heat quickly.

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