🚨No 2025 heat pump rebound in France. Very similar market to 2024. 🟰 After dropping 40% in 2024, sales of air-to-water heat pumps stayed roughly flat. The 2025 rebound seen in other countries, such as Germany, did not happen in Europe's (still?) leading heat pump market.

Heat pumps, in total, are still outselling condensing boilers though. What happened? A few thoughts: 1) End of the energy crisis and high gas prices. This caused an important cultural shift towards "getting off gas" that is still reflected in the lower boiler sales, but not in heat pump sales.

2) Tight budgets. Installing a heat pump is still more expensive than a gas boiler. 3) Most importantly, government chaos. Mixed signals from the ecological ministry and finance ministry.