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The energy crisis has promoted the rapid development of heat pump heating systems in Germany. The German Heat Pump Industry Association predicts that 230,000 new heat pumps will be installed this year, and 350000 new heat pumps will be installed next year, a year-on-year increase of 52%. The German Heat Pump Industry Association stated that due to practical considerations such as natural gas supply safety and rising prices, there is an urgent desire for the heating equipment market to break away from fossil fuel dependence. Heat pump manufacturers and traders are constantly expanding their product range.
The heat pump can use clean electricity, and the heating efficiency is higher. Therefore, the German government hopes to upgrade the heat pump to the largest heating system, and plans to install 500,000 new heat pumps every year from 2024, and the market will reach 6 million by 2030. The German Heat Pump Industry Association stated that a shortage of raw materials and skilled workers may slow down growth. Currently, the annual production capacity of the entire industry in Germany is only 150000 units, and the waiting time for product delivery has reached 6 months to 1 year.
Even so, the federal government's goals are still expected to be achieved, as industry leader Bosch Group Heating Technology has set a growth target of 35% to 40%, and a new factory located in central Hesse will also start production in January next year. The company has invested 400 million euros since 2018 and plans to invest 300 million euros by 2025, with a focus on promoting the research and industrialization of heat pumps.
The German Federal Electrical and Information Technology Industry Association (ZVEH) also believes that the federal government can achieve its goals, but several improvements must be made at the same time. In addition to the need for enterprises to increase skilled labor and improve their digital level, the federal government should also provide more incentive measures, especially in response to high electricity prices and declining subsidies.