Dutch heat pump market cools down but long-term need remains
European demand for heat pumps was insatiable during the energy crisis that started in 2022, with manufacturers investing billions of euros in new production facilities to help energy consumers replace fossil fuel boilers. Although sustainable heating goals remain in place, the market has truly cooled down. Nowhere has this been more pronounced than in the Netherlands, which was one of the fastest-growing heat pump markets during the energy crisis. Energy journalist Karolin Schaps investigates the reasons behind the drop in heat pump demand and what it could mean for Europe’s sustainability and energy security targets.