7.9% the decrease of the heat pump market in the European Union between 2011 and 2012
Demand on the European heat pump market has been a series of peaks and troughs since 2008 after several years of very strong growth. These fluctuations in annual sales affect the whole of Europe, and its individual countries. Sales have been hit by a blend of economic slowdown, financial uncertainties and low new construction figures. The 2012 trend pointed to further decline, because of tighter conditions in some of the key markets. The assessment made by EurObserv’ER of the air source and ground source HP market for domestic heating and cooling shows that sales decreased from 1.79 million units in 2011 to 1.65 million units in 2012, i.e. a 7.9% drop.
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