The majority of cooling systems are based upon vapor-compression refrigeration technology. Its principle has been unchanged for more than a century. Miniaturization and competitiveness have been gained, but there’s still a need of alternative technologies, which can operate with better efficiency, lower energy consumption and better environmental safety. One of the most promising alternatives to a conventional vapor compression system is magnetic refrigeration. In this article, an overview of the current state of development of a room-temperature magnetic heat pump is reported.