Prices for heating systems in Germany have risen by 25 percent - experts warn of an overheated market

Prices for heating systems in Germany have risen by 25 percent - experts warn of an overheated market

According to a report from www.schwaebische.de, the prices for heating systems in Germany have risen dramatically in the past two years. According to Stefan Materne from the consumer advice center's energy advisory service, prices for heating systems increased on average by around 25 percent in 2021 and are expected to rise even further in 2022.

The average prices for air-water heat pumps rose from 20,000 euros in 2021 to 31,000 euros this year. Pellet heating systems rose in price from 27,000 to 37,000 euros in the same period and the price for installing a gas floor heating rose from 6,000 to 10,000 euros.

Part of the price increase could be due to the increase in raw material and energy costs. However, high demand also plays a role, leading to an overheated market.

The price increases could have various impacts on the market and consumers. On the one hand, consumers could be forced to spend more money on installing and operating heating systems, which would increase their financial burden. Second, the higher prices could impact consumers' purchasing decisions as they may look for cheaper alternatives or opt for more energy-efficient systems that are more cost-effective in the long run.

Overall, the price increase could lead to a reduction in accessibility to heating systems and affect the energy transition in Germany, as consumers may be reluctant to switch to more modern and environmentally friendly heating systems.

The impact on the market could be that smaller companies struggle to keep up with rising prices and demand, while larger companies could potentially benefit from the situation. Overall, the price increase could lead to inequality in the industry if companies are affected by the price increases to different degrees.