China Heat Pump Market to 2032
Overview
The China Heat Pump Market is expected to reach a 19.43 USD Billion by 2032 and is projected to grow at a CAGR of 45.72% from 2025 to 2032.
Revenue, 2024 (USD Billion)
3.35
Forecast, 2032 (USD Billion)
19.43
CAGR, 2024 - 2032
45.72%
Report Coverage
China
China Heat Pump Market 2018-2032 USD Billion
China Heat Pump Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 3.35 USD Billion
- Projected Market Size (2032): 19.43 USD Billion
- CAGR (2025-2032): 45.72%
Key Findings of China Heat Pump Market
- The China Heat Pump Market was valued at 3.35 USD Billion in 2024.
- The China Heat Pump Market is likely to grow at a CAGR of 45.72% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Units < 20KW in Capacity Segment accounted for the largest share of the market with a revenue of 2.18 USD Billion
- The fastest growing segment Reversible Air-Air W/Heating in Category Segment grew Fastest with a CAGR of 48.93% during the forecast period from 2024 to 2032.
China Heat Pump Market Scope
China Heat Pump Market Segmentation & Scope
Type
- Ductless
- Ducted
Energy Source
- Ground Source
- Air/Air
- Air/Water
Capacity
- Units > 20 KW
- Units < 20KW
Sector
- Industrial
- Commercial
- Residential
Category
- Exhaust Air
- Reversible Others
- Sanitary Hot Water
- H-Ground/Water
- H-Air/Water
- Reversible Air-Air W/Heating
China Heat Pump Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2019 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 3.35 USD Billion |
| Market Value in 2032 | 19.43 USD Billion |
| CAGR (2025-2032) | 45.72% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Type,Energy Source,Capacity,Sector,Category |
Regional Insights:
-
Leading Market (2024-2032): China, leading in terms of revenue 3.35 USD Billion in 2024
- Key Country: China, leading in terms of revenue with value of 3,354.30 USD Million in 2024.
Segments and Scope
-
China Heat Pump Market to 2032, By Type
- Ducted is the largest segment in China Heat Pump Market to 2032 with a revenue of 2.13 USD Billion in the year 2024.
- Ducted is the Fastest growing segment in China Heat Pump Market to 2032 with a Growth rate of 46.30 % in forecast period 2025-2032.
-
China Heat Pump Market to 2032, By Energy Source
- Air/Water is the largest segment in China Heat Pump Market to 2032 with a revenue of 1.67 USD Billion in the year 2024.
- Air/Water is the Fastest growing segment in China Heat Pump Market to 2032 with a Growth rate of 47.02 % in forecast period 2025-2032.
-
China Heat Pump Market to 2032, By Capacity
- Units < 20KW is the largest segment in China Heat Pump Market to 2032 with a revenue of 2.18 USD Billion in the year 2024.
- Units > 20 KW is the Fastest growing segment in China Heat Pump Market to 2032 with a Growth rate of 44.79 % in forecast period 2025-2032.
-
China Heat Pump Market to 2032, By Sector
- Residential is the largest segment in China Heat Pump Market to 2032 with a revenue of 1.58 USD Billion in the year 2024.
- Commercial is the Fastest growing segment in China Heat Pump Market to 2032 with a Growth rate of 45.25 % in forecast period 2025-2032.
-
China Heat Pump Market to 2032, By Category
- Reversible Air-Air W/Heating is the largest segment in China Heat Pump Market to 2032 with a revenue of 1.68 USD Billion in the year 2024.
- Reversible Air-Air W/Heating is the Fastest growing segment in China Heat Pump Market to 2032 with a Growth rate of 48.93 % in forecast period 2025-2032.
China Heat Pump Market Company Share Analysis
| Company Name |
|
||
| Mitsubishi Electric Corporation | |||
| Panasonic Corporation | |||
| Danfoss | |||
| NIBE Industrier AB | |||
| Bosch Thermotechnik GmbH | |||
China Heat Pump Market Geographical Sales Distribution, 2018-2032 USD Billion
China Heat Pump Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The China Heat Pump Market is segmented based on Segmentation Type,Energy Source,Capacity,Sector,Category.
China Heat Pump Market was valued at USD 3.35(Revenue in USD Billion) in 2019.
China Heat Pump Market is projected to grow at a CAGR of 45.72% during the forecast period of 2024 to 2032.
The Units < 20KW segment is expected to dominate the China Heat Pump Market, holding a largest market share of 2.18 USD Billion in 2024
China Heat Pump Market Scope
China Heat Pump Market Segmentation & Scope
Type
- Ductless
- Ducted
Energy Source
- Ground Source
- Air/Air
- Air/Water
Capacity
- Units > 20 KW
- Units < 20KW
Sector
- Industrial
- Commercial
- Residential
Category
- Exhaust Air
- Reversible Others
- Sanitary Hot Water
- H-Ground/Water
- H-Air/Water
- Reversible Air-Air W/Heating
Frequently Asked Questions
The China Heat Pump Market is segmented based on Segmentation Type,Energy Source,Capacity,Sector,Category.
China Heat Pump Market was valued at USD 3.35(Revenue in USD Billion) in 2019.
China Heat Pump Market is projected to grow at a CAGR of 45.72% during the forecast period of 2024 to 2032.
The estimated market value of the China Heat Pump Market for final year is USD 19.43 (USD Billion).
China Heat Pump Market Company Profiling
Frequently Asked Questions
The China Heat Pump Market is segmented based on Segmentation Type,Energy Source,Capacity,Sector,Category.
China Heat Pump Market was valued at USD 3.35(Revenue in USD Billion) in 2019.
China Heat Pump Market is projected to grow at a CAGR of 45.72% during the forecast period of 2024 to 2032.
The estimated market value of the China Heat Pump Market for final year is USD 19.43 (USD Billion).
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