Price peak … what do you think will happen from 2027 onwards.
Price parity with gas heating.
Production capacities are currently being built everywhere without end. Bosch has just started a new factory and is building another plant for €250 million, which will begin production in 2025. Viessmann is also investing like Bosch one billion euros by 2026 for a new production plant; the foundation stone for €250 million was already laid last year. Vaillant’s new plant in Slovakia (started production in May) can produce 300,000 heat pumps each year (Vaillant a total of 500,000 units). And these are only the large German manufacturers.
Further investments in heat pumps (development and production):
Stiebel Eltron: €700 million by 2027
Daikin: €840 million by 2025
Panasonic: €350 million by March 2025 (expansion of existing plants)
Nibe: construction of a new research center and factory
Mitsubishi: massive expansion of production, for example in Turkey to 300,000 air-water heat pumps p.a. (plus 1.1 million air-air heat pumps/air conditioners)
Besides, there are various less well-known (Asian) manufacturers who are also pushing into the market and have already formed partnerships with installers.
The market will actually be flooded with heat pumps of all kinds by 2027.