Heat pump sales rose by 16.5 percent in Europe during the first quarter, with particularly strong performance in Germany and France, reports the Financial Times, citing the European Heat Pump Association.
Energy prices have surged this spring, including gas prices in Europe, following the conflict in Iran. Many European households rely on gas for heating.
In Germany, the market grew by 34 percent, while France saw a 21 percent increase, with over 300,000 units sold during the quarter.
Poland, Finland, and Belgium also recorded gains.
Germany's Vaillant, a competitor to Sweden's Nibe, simultaneously reported that order intake remained strong throughout March and April.
NIBE Industrier AB is a leading company specializing in the manufacturing and marketing of heating systems and products in Europe. Net sales (including intragroup) break down by family of products as follows:
- heating and air-conditioning systems (63%): heat pumps, air conditioning systems, solar heating systems, household boilers, water heaters, cooling equipment, ventilation systems, solar panels, etc.;
- components and solutions for heating control and metering (27.2%);
- wood stoves (9.8%).
Net sales are distributed geographically as follows: Nordic countries (18.5%), Europe (44%), North America (31.1%) and other (6.4%).
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