Heat pump manufacturing capacity by country or region according to announced projects and in the Net Zero Scenario

Notes

NZE = Net Zero Emissions by 2050 Scenario. Announced capacity includes existing capacity. The manufacturing capacity needed to meet projected demand in the NZE Scenario (NZE demand) is estimated assuming a utilisation rate of 85%. NZE residual capacity, thus, represents the manufacturing capacity that would remain unused, on average, which provides some flexibility to accommodate demand fluctuations. Heat pump capacity (in GW) is expressed as thermal output capacity. By and large, Europe is the main region to have concrete public expansion plans from manufacturers in place