Heat pump sales falling, risking €7 billion in investments

Despite a strong start, sales of heat pumps have shrunk over the course of 2023, new data from the European Heat Pump Association (EHPA) shows.
 
After a good first quarter, second and third quarter sales of space and hot water heat pumps are down in Europe. In many countries, sales are also lower than in the same quarter of 2022. On average in the ten countries analysed, the third quarter 2023 sees a sales decline of 14% compared to 2022 (see table below)*.