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German Heating Industry Faces Significant Sales Decline in 2024

The goal of installing 500,000 heat pumps annually remains distant as sales drop sharply from last year's record highs.

Overview

  • Sales of heating systems in Germany have decreased by 48% in the first nine months of 2024, returning to pre-2023 levels.
  • The installation of heat pumps fell by 52%, with only 200,000 units expected to be sold this year, far below the government's target.
  • Consumer uncertainty about technical options and government incentives contributes to the decline in heating system sales.
  • The debate over the Building Energy Act and the anticipation of municipal heating plans have slowed consumer decision-making.
  • Despite the decline, gas heating systems still account for the majority of sales, comprising 57% of all heating units sold.