Explore market size, forecasts and category insights.
Market at a Glance The Portuguese heat pumps market is forecast to reach USD 5.3 million by 2031. Construction and home refurbishment create opportunities for efficient heating, cooling and hot-water systems, while upfront costs continue...
Market at a Glance The Norwegian heat pumps market is forecast at USD 62.0 million in 2031. A soft housing market and cautious household spending weigh on purchases, even as energy efficiency remains an important...
Market at a Glance The heat pumps market in the Netherlands is forecast to reach USD 1.5 billion by 2031. Hybrid heating offers a staged route to upgrading older homes, while connected controls help households...
Market at a Glance The Italian heat pumps market is forecast to reach USD 3.0 billion by 2031. Upgrading existing buildings creates opportunities for energy-efficient heating, but adoption depends on installers being equipped to assess...
Market at a Glance The Greek heat pumps market is forecast to reach USD 157.2 million by 2031. Home refurbishment and interest in lower heating bills support adoption, while the wider availability of lower-priced equipment...
Market at a Glance The German heat pumps market is forecast to reach USD 7.6 billion by 2031. Suppliers are broadening their proposition through installation-inclusive packages and integration with solar panels and battery storage. Energy...
Market at a Glance The French heat pumps market is forecast at USD 2.0 billion in 2031. High installation costs and subdued housing and renovation activity weigh on demand, despite the longer-term opportunity in replacing...
Market at a Glance The Danish heat pumps market is forecast to reach USD 250.4 million by 2031. Connected controls and remote servicing are extending competition beyond equipment efficiency, while maintenance-based service models create opportunities...
Market at a Glance The Austrian heat pumps market is forecast to reach USD 947.8 million by 2031. The withdrawal of generous subsidies has exposed the sensitivity of replacement demand to upfront costs. At the...
Market at a Glance The U.S. heat pumps market is forecast to reach USD 1,141.7 million by 2031. Improving cold-weather performance is broadening the technology’s appeal, while new financing and integrated installation models seek to...
Market at a Glance The Canada heat pumps market is forecast to reach USD 547.6 million by 2031. Cold-climate performance is widening consumer acceptance, while qualified installation capacity remains important to turning interest into completed...
Market at a Glance The Ukraine heat pumps market is forecast to reach USD 10.1 million by 2031. Air-to-water systems are expected to remain the largest product category, supported by lower installation costs than ground-source...
