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CAREL whitepaper analyses heat pump market

Company says the whitepaper examines the current scenario to help understand the latest opportunities and challenges in the heat pump market

BRUGINE, Italy, 24 October 2023: CAREL announced the release of a new white paper, Heat Pumps – Technologies, Regulations and Trends, which analyses the technologies and trends that have emerged in the heat pump market in recent years, as well as the regulations and policies applied both locally and globally, to better understand the latest opportunities and challenges in the sector. Making the announcement through a Press release, CAREL said heat pumps have grown in popularity in recent years, with this technology representing the ideal alternative to fossil fuel boilers for space heating.

Miriam Solana, HVAC/R Technical Knowledge Specialist, CAREL, said: “The white paper aims to bring together, in one document, the essential information needed to understand one of the key technologies for decarbonisation: these systems can, in fact, provide high-efficiency heating and cooling using electricity, and therefore with virtually zero CO2 emissions when using renewable sources. Our intention with this document is to contribute to making available as much theoretical information as possible and providing an overview of the technologies for optimising energy savings and creating systems with the lowest total CO2 emissions.”

CAREL said that the potential of heat pumps has been recognised and is therefore specified in decarbonisation policies as a leading technology for heating and cooling new buildings: it has been estimated that using heat pumps can reduce global CO2 emissions by at least 500 million tonnes by 2030, the equivalent of the annual CO2 emissions of all cars currently on the road in Europe. The reduction in emissions from heat pumps when compared to gas-fired boilers, CAREL said, is even more significant when the share of renewables in the energy mix increases. Furthermore, the company said that several recently announced key policies, such as REPowerEU in the European Union, the Inflation Reduction Act in the United States and China’s 14th Five-Year Renewable Energy Plan, will further boost the deployment of electricity from renewable sources in the coming year. 

CAREL said the whitepaper is available free of charge on the CAREL website.