Europe Heat Pump Market (2026-2032) | Forecast, Growth, Outlook ,Revenue, Trends, Industry, Size, Companies, Share, Analysis & Value
Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Type (Air-to-Air, Air-to-Water, Water Source, Geothermal, Hybrid), By Refrigerant (R410A, R407C, R744), By Rated Capacity (Up to 10 kW, 10-20 kW, 20-30 kW, >30 kW), By End User (Residential, Commercial, Industrial) And Competitive Landscape
| Product Code: ETC4611840 | Publication Date: Jul 2023 | Updated Date: Dec 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 |
Europe Heat Pump Market Size and Growth Rate
According to 6Wresearch internal database and industry insights, The Europe Heat Pump Market was valued at approximately USD 5.6 billion in 2025 and is projected to reach nearly USD 9.2 billion by 2032, registering a compound annual growth rate (CAGR) of 9% during the forecast period (2026–2032).
Five-Year Growth Trajectory of the Europe Heat Pump Market with Core Drivers
Below mentioned are the evaluation of year-wise growth rate along with key drivers:
| Years | Est. Annual Growth (%) | Growth Drivers |
| 2021 | 6.3 | Rising demand for energy-efficient solutions and eco-friendly technology adoption |
| 2022 | 6.5 | Government incentives to promote renewable energy sources |
| 2023 | 6.8 | Increased awareness of the benefits of heat pumps for heating and cooling |
| 2024 | 7 | Technological advancements in heat pump systems and rising industrial demand |
| 2025 | 7.2 | Shift towards sustainable building technologies and smart home integration |
Topics Covered in the Europe Heat Pump Market Report
The Europe Heat Pump Market report thoroughly covers the market by countries, type, refrigerant, rated capacity, and end-user. The report provides an unbiased and detailed analysis of ongoing market trends, opportunities, high-growth areas, and market drivers, which would help stakeholders devise and align their market strategies according to the current and future market dynamics.
Europe Heat Pump Market Highlights
| Report Name | Europe Heat Pump Market |
| Forecast Period | 2026–2032 |
| Market Size | USD 9.2 billion by 2032 |
| CAGR | 9% |
| Growing Sector | Energy & Utilities |
Europe Heat Pump Market Synopsis
The Europe Heat Pump Market is experiencing an increase in growth due to a growing need for more energy-efficient options for your homes and businesses as well as in industrial settings. Many of the growth drivers for the Heat Pump Market are Governmental Efforts to promote Decarbonisation through various Incentives, as well as advancements in heat pump technologies. As the entire Region of Europe moves towards Sustainability as an Energy Source, Heat Pump Units (especially those integrated with Renewable Energy Systems) are proving to be one of the most viable options available for reducing an individual’s Carbon Footprint and maintaining a Healthy Environment.
Evaluation of Growth Drivers in the Europe Heat Pump Market
Below mentioned are some growth drivers and their impact on market dynamics:
| Drivers | Primary Segments Affected | Why It Matters |
| Energy Efficiency Policies | All Sectors | Encourages the adoption of heat pumps as a more energy-efficient solution for both residential and industrial heating/cooling needs. |
| Government Incentives | All Sectors | Financial subsidies, tax rebates, and support programs increase the affordability of heat pump installations. |
| Industrial Growth | Commercial, Industrial | Industrial applications increasingly require heating, ventilation, and air conditioning (HVAC) solutions that reduce energy consumption and operating costs. |
| Renewable Energy Integration | Residential, Commercial, Industrial | Heat pumps are increasingly integrated with renewable energy sources, enhancing their sustainability and reducing carbon footprints. |
| Rising Awareness of Sustainability | Residential, Commercial, Industrial | A growing preference for eco-friendly and energy-efficient solutions in all sectors promotes heat pump adoption. |
The Europe Heat Pump Market size is projected to grow at a CAGR of 9% during the forecast period (2026–2032). The Growth of Heat Pumps Market in Europe is mainly driven by a growing demand for energy efficient solutions and sustainable energy. Government are creating incentives to encourage the use of Renewable Energy Technology (RET) by offering financial benefits to businesses and individuals, as well as promoting the use of Heat Pump technology in residential, commercial and industrial applications. The need for decarbonisation and the increasing use of Smart Home technology will also contribute to the growth of this market. Continued development and research into different types of Heat Pump technologies and their compatibility with other RET will also enable continued Europe Heat Pump Market Growth.
Evaluation of Restraints in the Europe Heat Pump Market
Below mentioned are some major restraints and their influence on market dynamics:
| Restraints | Primary Segments Affected | What This Means |
| High Initial Installation Costs | Residential, Commercial, Industrial | High upfront costs may deter smaller businesses and homeowners from adopting heat pumps. |
| Limited Consumer Awareness | Residential, Commercial | Lack of knowledge about the long-term energy savings and benefits of heat pumps could slow adoption. |
| Fluctuating Raw Material Prices | All Segments | Volatility in raw material prices could increase the overall cost of heat pump systems. |
| Regional Regulatory Variations | Residential, Commercial | Inconsistent regional regulations may create barriers for heat pump installation across Europe. |
| Infrastructure Limitations | Residential, Commercial, Industrial | Limited existing infrastructure in certain areas may hinder the installation and integration of heat pump systems. |
Europe Heat Pump Market Challenges
The Europe Heat Pump Industry is challenged by the high installation cost, lack of consumer familiarity with energy efficiency technology, and the volatility of raw material prices. Regulatory and infrastructure constraints in specific regions of Europe can inhibit the uptake of heat pumps. Nevertheless, advances in technology for heating systems and governmental support for energy-efficient technologies will mitigate these issues. The development of increased confidence in consumers will enable heat pumps to be installed more rapidly and lead to the long-term development of the European heat pump industry.
Europe Heat Pump Market Trends
Some major trends contributing to the development of the Europe Heat Pump Market growth are:
- The rise of sustainability and the energy crisis have led to an increase in energy-efficient heat pumps in residential and commercial applications that will help reduce the consumer's carbon footprint.
- The combination of hybrid heat pumps with geothermal systems is becoming more popular due to higher efficiency when the hybrid system utilizes the natural environment for both heat and cooling.
- The increased popularity of smart heat pump systems using the internet of things (IoT) technology allows users to monitor and control their heating and cooling systems from anywhere, thus improving overall energy management.
- There are also government programs and subsidies available to encourage the use of heat pumps, which helps to eliminate the initial expenses of installing heat pumps, making them available to a wider audience.
Investment Opportunities in the Europe Heat Pump Market
Here are some investment opportunities in the Europe Heat Pump Market:
- Hybrid Heat Pump Technologies: Investing in hybrid solutions that combine air and geothermal systems offers a potential market opportunity, especially for businesses and households looking to optimize energy consumption.
- Smart Home Integration: The growing trend toward smart home automation offers a key opportunity to invest in IoT-enabled heat pumps, enabling energy-efficient and convenient heating/cooling solutions.
- Geothermal Heat Pumps: As consumers and businesses look for more sustainable energy solutions, the geothermal heat pump sector presents a lucrative investment opportunity due to its higher efficiency and long-term benefits.
Top 5 Leading Players in the Europe Heat Pump Market
Here are some top companies contributing to the Europe Heat Pump Market Share:
1. Daikin Industries Ltd.
| Company Name | Daikin Industries Ltd. |
|---|---|
| Established Year | 1924 |
| Headquarters | Osaka, Japan |
| Official Website | Click Here |
Daikin is a leading player in the Europe heat pump market, providing energy-efficient HVAC solutions and promoting eco-friendly technologies across residential and commercial sectors.
2. Mitsubishi Electric Corporation
| Company Name | Mitsubishi Electric Corporation |
|---|---|
| Established Year | 1921 |
| Headquarters | Tokyo, Japan |
| Official Website | Click Here |
Mitsubishi Electric is known for its innovative heating, cooling, and air conditioning solutions, including heat pumps that combine energy savings and environmental sustainability.
3. Bosch Thermotechnology GmbH
| Company Name | Bosch Thermotechnology GmbH |
|---|---|
| Established Year | 1886 |
| Headquarters | Wetzlar, Germany |
| Official Website | Click Here |
Bosch provides advanced heat pump systems, focusing on sustainable energy solutions for residential and commercial applications across Europe.
4. NIBE Industrier AB
| Company Name | NIBE Industrier AB |
|---|---|
| Established Year | 1952 |
| Headquarters | Markaryd, Sweden |
| Official Website | Click Here |
NIBE specializes in geothermal and air-to-water heat pumps, offering energy-efficient heating solutions for both residential and industrial sectors.
5. Viessmann Group
| Company Name | Viessmann Group |
|---|---|
| Established Year | 1917 |
| Headquarters | Allendorf, Germany |
| Official Website | Click Here |
Viessmann is a global leader in energy-efficient heating systems, providing heat pump solutions that cater to a wide range of residential and commercial needs.
Government Initiatives Introduced in the Europe Heat Pump Market
Various government initiatives have supported the adoption of heat pumps in Europe. For example, the European Union’s Green Deal and Fit for 55 initiatives aim to reduce carbon emissions and promote energy-efficient solutions, directly supporting the heat pump sector. In France, the CITE (Tax Credit for Energy Transition) program provides financial incentives for the installation of energy-efficient systems, including heat pumps. In Germany, the KfW Energy Efficiency Program promotes the installation of energy-efficient heat pump systems with favorable financing terms.
Future Insights of the Europe Heat Pump Market
The future of the Europe Heat Pump Market is promising, driven by the increasing demand for energy-efficient solutions, government incentives, and technological advancements. As the push for decarbonization grows and smart home technologies gain traction, market expansion will continue. The integration of heat pumps with renewable energy systems further enhances their role in Europe sustainable energy infrastructure, ensuring their essential position in the region's future energy landscape.
Market Segmentation Analysis
The report offers a comprehensive study of the following market segments and their leading categories.
Germany to Dominate the Market - By Countries
According to Ritika Kalra, Senior Research Analyst, 6Wresearch, Germany currently dominates the Europe Heat Pump Market due to its strong focus on renewable energy integration, energy efficiency policies, and large-scale adoption of heat pumps in residential and commercial buildings. Government incentives like the KfW Energy Efficiency Program further support the market growth in the country.
Air-to-Water Heat Pumps to Dominate the Market - By Type
Air-to-water heat pumps dominate the Europe Heat Pump Market due to their flexibility and efficiency in heating both residential and commercial buildings. These systems can be easily integrated into existing heating systems, making them an attractive choice for various applications.
R410A Refrigerant to Dominate the Market - By Refrigerant
R410A refrigerant dominates the market as it offers higher energy efficiency and lower environmental impact compared to other refrigerants. The widespread use of R410A in residential and commercial heat pump systems continues to drive demand in the European market.
Up to 10 kW Rated Capacity to Dominate the Market - By Rated Capacity
Heat pumps with rated capacities up to 10 kW dominate the market, primarily in residential and small commercial applications where moderate heating and cooling capacities are required. These systems are more energy-efficient and cost-effective for smaller buildings.
Residential to Dominate the Market - By End User
The residential sector dominates the Europe Heat Pump Market, driven by the growing demand for energy-efficient and sustainable home heating and cooling solutions. Increasing awareness about the benefits of heat pumps for homeowners and government subsidies for installation are key growth factors.
Key Attractiveness of the Report
- 10 Years of Market Numbers
- Historical Data Starting from 2022 to 2025
- Base Year: 2025
- Forecast Data until 2032
- Key Performance Indicators Impacting the Market
- Major Upcoming Developments and Projects
Key Highlights of the Report:
- Europe Heat Pump Market Outlook
- Market Size of Europe Heat Pump Market, 2025
- Forecast of Europe Heat Pump Market, 2032
- Historical Data and Forecast of Europe Heat Pump Revenues & Volume for the Period 2022 - 2032
- Europe Heat Pump Market Trend Evolution
- Europe Heat Pump Market Drivers and Challenges
- Europe Heat Pump Price Trends
- Europe Heat Pump Porter's Five Forces
- Europe Heat Pump Industry Life Cycle
- Historical Data and Forecast of Europe Heat Pump Market Revenues & Volume By Type for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Pump Market Revenues & Volume By Air-to-Air for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Pump Market Revenues & Volume By Air-to-Water for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Pump Market Revenues & Volume By Water Source for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Pump Market Revenues & Volume By Geothermal for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Pump Market Revenues & Volume By Hybrid for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Pump Market Revenues & Volume By Type for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Pump Market Revenues & Volume By Air-to-Air for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Pump Market Revenues & Volume By Air-to-Water for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Pump Market Revenues & Volume By Water Source for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Pump Market Revenues & Volume By Geothermal for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Pump Market Revenues & Volume By Hybrid for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Pump Market Revenues & Volume By Type for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Pump Market Revenues & Volume By Air-to-Air for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Pump Market Revenues & Volume By Air-to-Water for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Pump Market Revenues & Volume By Water Source for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Pump Market Revenues & Volume By Geothermal for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Pump Market Revenues & Volume By Hybrid for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Pump Market Revenues & Volume By Type for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Pump Market Revenues & Volume By Air-to-Air for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Pump Market Revenues & Volume By Air-to-Water for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Pump Market Revenues & Volume By Water Source for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Pump Market Revenues & Volume By Geothermal for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Pump Market Revenues & Volume By Hybrid for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Pump Market Revenues & Volume By Type for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Pump Market Revenues & Volume By Air-to-Air for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Pump Market Revenues & Volume By Air-to-Water for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Pump Market Revenues & Volume By Water Source for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Pump Market Revenues & Volume By Geothermal for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Pump Market Revenues & Volume By Hybrid for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Pump Market Revenues & Volume By Type for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Pump Market Revenues & Volume By Air-to-Air for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Pump Market Revenues & Volume By Air-to-Water for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Pump Market Revenues & Volume By Water Source for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Pump Market Revenues & Volume By Geothermal for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Pump Market Revenues & Volume By Hybrid for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Pump Market Revenues & Volume By Type for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Pump Market Revenues & Volume By Air-to-Air for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Pump Market Revenues & Volume By Air-to-Water for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Pump Market Revenues & Volume By Water Source for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Pump Market Revenues & Volume By Geothermal for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Pump Market Revenues & Volume By Hybrid for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Pump Market Revenues & Volume By Type for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Pump Market Revenues & Volume By Air-to-Air for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Pump Market Revenues & Volume By Air-to-Water for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Pump Market Revenues & Volume By Water Source for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Pump Market Revenues & Volume By Geothermal for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Pump Market Revenues & Volume By Hybrid for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Pump Market Revenues & Volume By Refrigerant for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Pump Market Revenues & Volume By R410A for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Pump Market Revenues & Volume By R407C for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Pump Market Revenues & Volume By R744 for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Pump Market Revenues & Volume By Refrigerant for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Pump Market Revenues & Volume By R410A for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Pump Market Revenues & Volume By R407C for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Pump Market Revenues & Volume By R744 for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Pump Market Revenues & Volume By Refrigerant for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Pump Market Revenues & Volume By R410A for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Pump Market Revenues & Volume By R407C for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Pump Market Revenues & Volume By R744 for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Pump Market Revenues & Volume By Refrigerant for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Pump Market Revenues & Volume By R410A for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Pump Market Revenues & Volume By R407C for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Pump Market Revenues & Volume By R744 for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Pump Market Revenues & Volume By Refrigerant for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Pump Market Revenues & Volume By R410A for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Pump Market Revenues & Volume By R407C for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Pump Market Revenues & Volume By R744 for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Pump Market Revenues & Volume By Refrigerant for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Pump Market Revenues & Volume By R410A for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Pump Market Revenues & Volume By R407C for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Pump Market Revenues & Volume By R744 for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Pump Market Revenues & Volume By Refrigerant for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Pump Market Revenues & Volume By R410A for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Pump Market Revenues & Volume By R407C for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Pump Market Revenues & Volume By R744 for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Pump Market Revenues & Volume By Refrigerant for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Pump Market Revenues & Volume By R410A for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Pump Market Revenues & Volume By R407C for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Pump Market Revenues & Volume By R744 for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Pump Market Revenues & Volume By Rated Capacity for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Pump Market Revenues & Volume By Up to 10 kW for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Pump Market Revenues & Volume By 10-20 kW for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Pump Market Revenues & Volume By 20-30 kW for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Pump Market Revenues & Volume By >30 kW for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Pump Market Revenues & Volume By Rated Capacity for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Pump Market Revenues & Volume By Up to 10 kW for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Pump Market Revenues & Volume By 10-20 kW for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Pump Market Revenues & Volume By 20-30 kW for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Pump Market Revenues & Volume By >30 kW for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Pump Market Revenues & Volume By Rated Capacity for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Pump Market Revenues & Volume By Up to 10 kW for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Pump Market Revenues & Volume By 10-20 kW for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Pump Market Revenues & Volume By 20-30 kW for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Pump Market Revenues & Volume By >30 kW for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Pump Market Revenues & Volume By Rated Capacity for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Pump Market Revenues & Volume By Up to 10 kW for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Pump Market Revenues & Volume By 10-20 kW for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Pump Market Revenues & Volume By 20-30 kW for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Pump Market Revenues & Volume By >30 kW for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Pump Market Revenues & Volume By Rated Capacity for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Pump Market Revenues & Volume By Up to 10 kW for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Pump Market Revenues & Volume By 10-20 kW for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Pump Market Revenues & Volume By 20-30 kW for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Pump Market Revenues & Volume By >30 kW for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Pump Market Revenues & Volume By Rated Capacity for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Pump Market Revenues & Volume By Up to 10 kW for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Pump Market Revenues & Volume By 10-20 kW for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Pump Market Revenues & Volume By 20-30 kW for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Pump Market Revenues & Volume By >30 kW for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Pump Market Revenues & Volume By Rated Capacity for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Pump Market Revenues & Volume By Up to 10 kW for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Pump Market Revenues & Volume By 10-20 kW for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Pump Market Revenues & Volume By 20-30 kW for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Pump Market Revenues & Volume By >30 kW for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Pump Market Revenues & Volume By Rated Capacity for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Pump Market Revenues & Volume By Up to 10 kW for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Pump Market Revenues & Volume By 10-20 kW for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Pump Market Revenues & Volume By 20-30 kW for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Pump Market Revenues & Volume By >30 kW for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Pump Market Revenues & Volume By End User for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Pump Market Revenues & Volume By Residential for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Pump Market Revenues & Volume By Commercial for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Pump Market Revenues & Volume By Industrial for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Pump Market Revenues & Volume By End User for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Pump Market Revenues & Volume By Residential for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Pump Market Revenues & Volume By Commercial for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Pump Market Revenues & Volume By Industrial for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Pump Market Revenues & Volume By End User for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Pump Market Revenues & Volume By Residential for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Pump Market Revenues & Volume By Commercial for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Pump Market Revenues & Volume By Industrial for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Pump Market Revenues & Volume By End User for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Pump Market Revenues & Volume By Residential for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Pump Market Revenues & Volume By Commercial for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Pump Market Revenues & Volume By Industrial for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Pump Market Revenues & Volume By End User for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Pump Market Revenues & Volume By Residential for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Pump Market Revenues & Volume By Commercial for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Pump Market Revenues & Volume By Industrial for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Pump Market Revenues & Volume By End User for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Pump Market Revenues & Volume By Residential for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Pump Market Revenues & Volume By Commercial for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Pump Market Revenues & Volume By Industrial for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Pump Market Revenues & Volume By End User for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Pump Market Revenues & Volume By Residential for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Pump Market Revenues & Volume By Commercial for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Pump Market Revenues & Volume By Industrial for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Pump Market Revenues & Volume By End User for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Pump Market Revenues & Volume By Residential for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Pump Market Revenues & Volume By Commercial for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Pump Market Revenues & Volume By Industrial for the Period 2022 - 2032
- Europe Heat Pump Market - Key Performance Indicators
- Europe Heat Pump Market - Import Export Trade Statistics
- Europe Heat Pump Market - Opportunity Assessment By Countries
- Europe Heat Pump Market - Opportunity Assessment By Type
- Europe Heat Pump Market - Opportunity Assessment By Refrigerant
- Europe Heat Pump Market - Opportunity Assessment By Rated Capacity
- Europe Heat Pump Market - Opportunity Assessment By End User
- Europe Heat Pump Market - Top Companies Market Share
- Europe Heat Pump Market - Top Companies Profiles
- Europe Heat Pump Market - Comparison of Players in Technical and Operating Parameters
- Europe Heat Pump Market - Strategic Recommendations
Market Covered
The market report has been segmented and sub-segmented into the following categories:
By Country
- Germany
- United Kingdom
- France
- Italy
- Russia
- Spain
- Rest of Europe
By Type
- Air-to-Air
- Air-to-Water
- Water Source
- Geothermal
- Hybrid
By Refrigerant
- R410A
- R407C
- R744
By Rated Capacity
- Up to 10 kW
- 10–20 kW
- 20–30 kW
- 30 kW
By End User
- Residential
- Commercial
- Industrial
Europe Heat Pump Market (2026-2032) : FAQ's
The Europe Heat Pump Market is projected to grow at a CAGR of 9 % during 2026–2032
The Europe Heat Pump Market was valued at approximately USD 5.6 billion in 2025 and is expected to reach USD 9.2 billion by 2032.
Germany, the United Kingdom, and France are the leading contributors, with strong government support for energy-efficient technologies and renewable energy integration.
Challenges include high initial installation costs, limited consumer knowledge, and regulatory complexity.
6Wresearch actively monitors the Europe Heat Pump Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Europe Heat Pump Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 Europe Heat Pump Market Overview |
| 3.1 Europe Regional Macro Economic Indicators |
| 3.2 Europe Heat Pump Market Revenues & Volume, 2022 & 2032FF |
| 3.3 Europe Heat Pump Market - Industry Life Cycle |
| 3.4 Europe Heat Pump Market - Porter's Five Forces |
| 3.5 Europe Heat Pump Market Revenues & Volume Share, By Countries, 2022 & 2032FF |
| 3.6 Europe Heat Pump Market Revenues & Volume Share, By Type, 2022 & 2032FF |
| 3.7 Europe Heat Pump Market Revenues & Volume Share, By Refrigerant, 2022 & 2032FF |
| 3.8 Europe Heat Pump Market Revenues & Volume Share, By Rated Capacity, 2022 & 2032FF |
| 3.9 Europe Heat Pump Market Revenues & Volume Share, By End User, 2022 & 2032FF |
| 4 Europe Heat Pump Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Europe Heat Pump Market Trends |
| 6 Europe Heat Pump Market, 2022 - 2032F |
| 6.1 Europe Heat Pump Market, Revenues & Volume, By Type, 2022 - 2032F |
| 6.2 Europe Heat Pump Market, Revenues & Volume, By Refrigerant, 2022 - 2032F |
| 6.3 Europe Heat Pump Market, Revenues & Volume, By Rated Capacity, 2022 - 2032F |
| 6.4 Europe Heat Pump Market, Revenues & Volume, By End User, 2022 - 2032F |
| 7 Germany Heat Pump Market, 2022 - 2032F |
| 7.1 Germany Heat Pump Market, Revenues & Volume, By Type, 2022 - 2032F |
| 7.2 Germany Heat Pump Market, Revenues & Volume, By Refrigerant, 2022 - 2032F |
| 7.3 Germany Heat Pump Market, Revenues & Volume, By Rated Capacity, 2022 - 2032F |
| 7.4 Germany Heat Pump Market, Revenues & Volume, By End User, 2022 - 2032F |
| 8 United Kingdom Heat Pump Market, 2022 - 2032F |
| 8.1 United Kingdom Heat Pump Market, Revenues & Volume, By Type, 2022 - 2032F |
| 8.2 United Kingdom Heat Pump Market, Revenues & Volume, By Refrigerant, 2022 - 2032F |
| 8.3 United Kingdom Heat Pump Market, Revenues & Volume, By Rated Capacity, 2022 - 2032F |
| 8.4 United Kingdom Heat Pump Market, Revenues & Volume, By End User, 2022 - 2032F |
| 9 France Heat Pump Market, 2022 - 2032F |
| 9.1 France Heat Pump Market, Revenues & Volume, By Type, 2022 - 2032F |
| 9.2 France Heat Pump Market, Revenues & Volume, By Refrigerant, 2022 - 2032F |
| 9.3 France Heat Pump Market, Revenues & Volume, By Rated Capacity, 2022 - 2032F |
| 9.4 France Heat Pump Market, Revenues & Volume, By End User, 2022 - 2032F |
| 10 Italy Heat Pump Market, 2022 - 2032F |
| 10.1 Italy Heat Pump Market, Revenues & Volume, By Type, 2022 - 2032F |
| 10.2 Italy Heat Pump Market, Revenues & Volume, By Refrigerant, 2022 - 2032F |
| 10.3 Italy Heat Pump Market, Revenues & Volume, By Rated Capacity, 2022 - 2032F |
| 10.4 Italy Heat Pump Market, Revenues & Volume, By End User, 2022 - 2032F |
| 11 Russia Heat Pump Market, 2022 - 2032F |
| 11.1 Russia Heat Pump Market, Revenues & Volume, By Type, 2022 - 2032F |
| 11.2 Russia Heat Pump Market, Revenues & Volume, By Refrigerant, 2022 - 2032F |
| 11.3 Russia Heat Pump Market, Revenues & Volume, By Rated Capacity, 2022 - 2032F |
| 11.4 Russia Heat Pump Market, Revenues & Volume, By End User, 2022 - 2032F |
| 12 Spain Heat Pump Market, 2022 - 2032F |
| 12.1 Spain Heat Pump Market, Revenues & Volume, By Type, 2022 - 2032F |
| 12.2 Spain Heat Pump Market, Revenues & Volume, By Refrigerant, 2022 - 2032F |
| 12.3 Spain Heat Pump Market, Revenues & Volume, By Rated Capacity, 2022 - 2032F |
| 12.4 Spain Heat Pump Market, Revenues & Volume, By End User, 2022 - 2032F |
| 13 Rest of Europe Heat Pump Market, 2022 - 2032F |
| 13.1 Rest of Europe Heat Pump Market, Revenues & Volume, By Type, 2022 - 2032F |
| 13.2 Rest of Europe Heat Pump Market, Revenues & Volume, By Refrigerant, 2022 - 2032F |
| 13.3 Rest of Europe Heat Pump Market, Revenues & Volume, By Rated Capacity, 2022 - 2032F |
| 13.4 Rest of Europe Heat Pump Market, Revenues & Volume, By End User, 2022 - 2032F |
| 14 Europe Heat Pump Market Key Performance Indicators |
| 15 Europe Heat Pump Market - Opportunity Assessment |
| 15.1 Europe Heat Pump Market Opportunity Assessment, By Countries, 2022 & 2032FF |
| 15.2 Europe Heat Pump Market Opportunity Assessment, By Type, 2022 & 2032FF |
| 15.3 Europe Heat Pump Market Opportunity Assessment, By Refrigerant, 2022 & 2032FF |
| 15.4 Europe Heat Pump Market Opportunity Assessment, By Rated Capacity, 2022 & 2032FF |
| 15.5 Europe Heat Pump Market Opportunity Assessment, By End User, 2022 & 2032FF |
| 16 Europe Heat Pump Market - Competitive Landscape |
| 16.1 Europe Heat Pump Market Revenue Share, By Companies, 2022-2032F |
| 16.2 Europe Heat Pump Market Competitive Benchmarking, By Operating and Technical Parameters |
| 17 Company Profiles |
| 18 Recommendations |
| 19 Disclaimer |
Export potential assessment - trade Analytics for 2030
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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