Heat Pumps in China

Heat pumps in China experienced a decline in retail volume sales in 2025, primarily due to the withdrawal of central government subsidies and a slowdown in the real estate sector. Despite this, air to water heat pumps maintained solid sales, due to local government subsidies and technological innovations. The outlook is positive, with forecasts indicating growth driven by extreme low-temperature technology, rising household incomes, and sustained government support.

This Heat Pumps in China report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2021-2025, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, format trends or distribution issues. Forecasts to 2030 illustrate how the market is set to change.

Product coverage: Air to Water Heat Pumps, Ground Source Heat Pumps, Other Heat Pumps.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

• Get a detailed picture of the Heat Pumps market;
• Pinpoint growth sectors and identify factors driving change;
• Understand the competitive environment, the market’s major players and leading brands;
• Use five-year forecasts to assess how the market is predicted to develop.