Europe’s heat pump sales fall for the first time in 10 years, green policies among contributing factors 

Heat pump sales in Europe dropped last year, marking the first decline in ten years. Falling natural gas prices, higher interest rates, and political opposition to green policies influenced this decrease.

 The European Heat Pump Association reported a 5% decrease in sales across 14 countries, which account for 90% of the European market, in 2023 compared to 2022. This decline reportedly put jobs at risk and hampered the industry’s investment capacity.