Gitnux/Report 2026

Heat Pump Industry Statistics

Heat Pump Industry tracking shows 2025 demand and deployment moving fast, with the latest price and installation signals forcing buyers and installers to recalibrate expectations. Get the key figures that explain why the market is tightening and where the biggest opportunities are forming right now.
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November 10, 2026Updated
Heat Pump Industry Statistics
Aisha OkonkwoWritten by Aisha Okonkwo·Edited by Karl Becker·Fact-checked by Rajesh Patel
Published ·Updated
How this report is researched
01Editorial Scope

An editor sets the topic, the inclusion criteria, and the evaluation framework before research starts.

02Source Research

AI search agents locate sources and extract each figure together with the document it came from.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 39 days

01 Industry overview

The heat pump industry at a glance

The heat pump industry is recovering after its 2023–2024 downturn: EU sales reached 2.6 million units in 2025, up 13% year over year, while global sales declined about 2%.

2.6M[99]
EU sales in 2025
13%[99]
EU sales growth in 2025
29.3M[14]
European installed stock in 2025
50%[14]
Germany heating-market share in 2025
Market size
The European Union installed 2.3 million heat pumps in 2024, rising to 2.6 million sales in 2025. The European stock reached about 29.3 million domestic heat pumps in 2025 across 21 countries.[99][14]
Market share & regions
Europe recorded an 11% increase in heat pump sales in 2025, while global sales declined by about 2%. In the United States, sales fell approximately 13%, whereas China and Japan were broadly stable.[15]
Segmentation
Air-to-air systems account for roughly one-third to one-half of the European heat pump market. Within the EU, air-to-water heat pump sales increased from 216,000 units in 2015 to 809,000 in 2024, a 275% increase.[14][94]
Pricing
A U.S. Department of Energy regional factsheet reports that most residential heat pump retrofits in the Midwest cost between $11,300 and $19,500, including installation. For qualifying U.S. installations placed in service from 2023 through 2025, the federal heat-pump credit was 30% up to $2,000 annually.[100][101]
Trends, drivers & challenges
Growth is being supported by energy-security concerns, lower electricity taxes in some European markets and more stable incentive schemes. Major constraints include high electricity prices relative to gas, policy uncertainty, installation costs, installer shortages and a slowdown in construction and building renovation.[14][99]
Consumer behavior & competition
In 2025, residential heat pump sales increased in 14 of 18 European countries tracked by the European Heat Pump Association. In the United States, heat pumps outsold gas boilers for the fourth consecutive year despite a 13% sales decline.[14][15]
M&A
Recent consolidation has focused on industrial technology, commercial equipment and service networks. Copeland agreed to acquire Germany-based SPH Sustainable Process Heat in October 2025, while SPX completed its approximately C$200 million acquisition of Sigma Heating and Cooling and Omega Heat Pump in April 2025.[102][33]
Regulation
The European Union’s revised F-gas rules prohibit certain split heat pumps using refrigerants with global-warming potential of 750 or more from January 1, 2025, and introduce further restrictions for small air-to-water systems from January 1, 2027. In the United States, the federal Energy Efficient Home Improvement Credit was unavailable for property placed in service after December 31, 2025.[103][101]
Latest news
In the first half of 2026, residential heat pump sales rose 11% across 12 European countries, reaching approximately 1.163 million units compared with 1.048 million in the first half of 2025. The increase followed higher fossil-fuel prices and renewed policy attention to electricity taxation and energy security.[14]

02 Ranking

Top 10 Companies in the Heat Pump Industry

The leading companies in the heat pump industry, ranked on market impact, performance, momentum, innovation and brand popularity.

Updated November 7, 2026 · Next review December 7, 2026

Verdict

Trane Technologies leads Gitnux's 2026 heat pump ranking with an Overall score of 9.3, with revenue growth of 7.5% and operating margin of 18.6%. Midea Group is the runner-up at 9.1, driven by revenue growth of 12.1% and R&D at 3.9% of revenue.

Ranked by Overall score · How we score ↓

Editor's top 3 picks

Where to start, by need.

  1. #1 Overall · Leader in heating and cooling

    Trane Technologies

    IE

    Ranked #1 · 9.3 · Heating and cooling

    Why we picked it: Its HVAC heat pump portfolio spans commercial and residential applications with noted margin.

    See in ranking ↓Visit tranetechnologies.com ↗

  2. #2 overall

    Midea Group

    CN

    Ranked #2 · 9.1 · Heating and cooling

    Why we picked it: Its residential and commercial heat pump business is paired with R&D spending at 3.9%.

    See in ranking ↓Visit midea.com ↗

  3. #3 overall

    Vaillant Group

    DE

    Ranked #3 · 8.8 · Heating and cooling

    Why we picked it: Its European positioning centers on electric heat pumps and smart heating systems.

    See in ranking ↓Visit vaillant-group.com ↗

Pick 1 is the #1 company overall. No other segment places in the top 5, so picks 2 and 3 follow rank.

Full ranking

Sort by
Top 10 companies in the heat pump industry, 2026 – Gitnux ranking
#CompanyOverall ↓Company snapshot
1

Trane Technologies

Heating and cooling · IE

9.3
2

Midea Group

Heating and cooling · CN

9.1
3

Vaillant Group

Heating and cooling · DE

8.8
4

Daikin Industries

Heating and cooling · JP

8.8
5

Samsung Electronics

Heating and cooling · KR

8.7
6

Robert Bosch

Residential and commercial heat pump systems · DE

8.4
7

Ariston Group

Heating heat pumps and heat pump water heaters · IT

8.2
8

Panasonic HVAC & CC

Air-to-water and heat pump water heaters · JP

8.1
9

BDR Thermea Group

European heating systems and heat pumps · NL

8.1
10

Lennox International

North American residential and commercial heat pumps · US

8.1

How we score

  • Impact (30%): scale and weight in the market (revenue, market share, employees, market position).
  • Performance (20%): recent revenue growth and operating margin; an analyst assessment where a company does not publish them.
  • Momentum (20%): growth trajectory and future potential.
  • Innovation (15%): R&D intensity and how technologically advanced the company is.

Popularity (brand search demand, 15%) counts toward Overall but is not published as a column. Overall leaves out what is not known.

Scale Scores are shown on a 7–10 scale with one decimal; bars start at 7.0.

Cadence Recalculated when new figures are published; next review December 7, 2026.

Independence. Rankings are editorially independent. Scores, ranks, picks and the verdict follow the method above; no company can pay to change them.

Cite this ranking

APA

Aisha Okonkwo. (2026, February 13). Top 10 companies in the heat pump industry. In Heat Pump Industry Statistics. Gitnux. https://gitnux.org/heat-pump-industry-statistics/#top-companies

report visual · Comparison

Heat pump sales in 2024 (Europe)

France leads with 547K.

France547K
Italy348K
Germany229K
Spain198K
Sweden144K
Netherlands130K
source-verifiedehpa.org

04 Statistics

Technology & Innovation

Manufacturers use AI and automation for design and production. Examples include a 2-year Geo AI pilot and Daikin Applied expanding capacity by 150% in 2026.

AI in the heat pump industry

  • 2 years was the duration of Geo’s AI Smart Heat Pathway pilot for accelerating heat-pump system design, United Kingdom, 2022–2024.[1]
  • 150,000+ users reduced energy use by an average of 15% through Loop, an app using AI-based appliance-load identification relevant to heat-pump operation, United Kingdom, 2025.[1]
  • $1 billion is Carrier’s planned five-year U.S. investment in manufacturing, innovation and workforce expansion, including components for heat pumps and home-energy systems, United States, 2025–2029.[2]
  • 1 strategic investment was made by Carrier Ventures in Heat Geek, whose platform uses AI-powered tools to design residential heat-pump systems, Europe, 2026.[3]

Automation in the heat pump industry

  • $28.6 million is Daikin Australia’s investment in its new manufacturing facility incorporating autonomous mobile robots and digitalised production processing, Australia, 2025.[4]
  • 1.3–1.5 times is Daikin’s targeted productivity increase at its parent factory in Japan by fiscal 2030 through automation and AI-enabled factory reform.[4]
  • 150% is the expected increase in production capacity from Daikin Applied’s Phoenix expansion, United States, 2026.[4]
  • 1 automated-guided-vehicle system is documented in Daikin’s Shiga manufacturing system for flexible heat-pump and air-conditioning production, Japan, 2022.[4]
  • Autonomous mobile robots were incorporated into Daikin Australia’s new manufacturing facility, Western Sydney, Australia, 2025.[4]
  • 191,000 square feet is the size of Daikin Applied’s expanded modular-solutions manufacturing facility in Phoenix, Arizona, 2026.[4]

Digital Transformation in the utilities and renewable energy sector (sector benchmark)

  • 84% of energy and utilities organizations were investing in digital modernization in 2026, while 20% had begun reorganizing engineering operations.[5]
  • 100% of utilities globally had initiated digital transformation, while 20% had completed it, according to a global survey conducted in 2024.[6]
  • 92% of energy companies planned digital technology investments, while 27% were retraining and reskilling existing employees, according to a 2024 survey.[7]
  • 73% of power and utilities companies said their organizational culture impeded digital-technology adoption in a global survey conducted in late 2024.[7]

Technology Adoption in the utilities and renewable energy sector (sector benchmark)

  • 79% of power and utilities organizations were using cyber-threat monitoring and intelligence platforms covering IT and operational technology in 2024.[7]
  • 73% of power and utilities organizations were using artificial intelligence, generative AI or machine learning in 2024, based on a global industry survey.[7]
  • 62% of power and utilities organizations were using robotic process automation in 2024, according to a global survey of industry executives and employees.[7]
  • 78% of power and utilities organizations were using advanced analytics in 2024, according to EY’s global Future of Energy Survey.[7]

Cloud Computing in the utilities and renewable energy sector (sector benchmark)

  • 79% of power and utilities organizations were using cloud computing in 2024, according to a global EY survey.[7]
  • 41% of energy companies allowed any department head or IT manager to deploy new cloud infrastructure, software or applications in an Infosys study.[8]
  • 32% of power and utilities organizations using cloud computing planned improvements or new uses during the following five years in 2024.[7]
  • 45% of energy companies used only the cloud capacity and functions they had committed to, according to an Infosys industry study published in 2024.[8]
  • 63% of power and utilities organizations were using cloud computing while developing improvements or new applications in 2024.[7]

Big Data in the utilities and renewable energy sector (sector benchmark)

  • 25% of utilities reported extensive use of analytics for business intelligence and billing or revenue analysis in a survey of 190 organizations.[9]
  • 20% of electric utilities had already implemented big-data analytics, while 32% were implementing it, in a survey covering 10 countries.[10]
  • 86% of utilities used advanced-metering-infrastructure data enterprise-wide or in specific workflows in 2026, according to a global utility executive survey.[11]
  • 41% of utilities said advanced-metering-infrastructure data was fully embedded and scalable across daily workflows in 2026.[11]
  • 78% of power and utilities organizations were using advanced analytics in 2024, a sector-specific proxy for big-data adoption in EY’s global survey.[7]

IoT in the utilities and renewable energy sector (sector benchmark)

  • 80% of power and utilities organizations surveyed were IoT adopters, and 75% had at least one project reaching the use stage.[12]
  • 33% of utilities respondents had deployed IoT projects for vehicle tracking in 2024, according to Viasat’s industry survey.[13]

05 Statistics

Data & Analytics

Heat pump analytics focuses on operational diagnostics and analytics adoption. Surveyed companies reported 88% applying data analytics to at least one business or operational application.

Business intelligence in the heat pump industry

  • 144,000 heat pumps were sold in Sweden in 2024.[14]
  • More than 70% of building-sector heat-pump sales in every major market were sourced domestically in 2024, reflecting local climate, regulatory, and customer requirements.[15]
  • 35% was China’s approximate share of global heat-pump manufacturing capacity in 2024, followed by 25% for the United States and 20% for the European Union.[15]
  • 97,000 heat pumps were sold in Finland in 2024.[14]
  • 130,000 heat pumps were sold in the Netherlands in 2024.[14]
  • 348,000 heat pumps were sold in Italy in 2024.[14]

Data analytics in the heat pump industry

  • 4,800 representative U.S. households in 12 cities were modelled in a field-oriented study of thermal storage coupled with air-source heat pumps.[16]
  • 740 heat-pump installations were covered by a high-resolution monitoring dataset used to develop automated diagnostic methods.[1]
  • 13 heat-pump companies identified electrical power as a field-data measurement used in analytics.[17]
  • 10 surveyed heat-pump companies processed collected data mainly in a proprietary cloud solution.[18]
  • 13 heat-pump companies identified set points as a field-data measurement used in analytics.[17]
  • 88% of surveyed heat-pump companies applied data analytics to at least one business or operational application.[18]

Data Quality in the utilities and renewable energy sector (sector benchmark)

  • Across electric utilities surveyed, 69% reported user confidence in data accuracy, compared with 77% for completeness.[19]
  • Across water utilities, 10% of respondents rated asset condition and performance information as very good in 2026.[20]
  • Across water utilities, 19% of respondents rated asset characteristics information as very good in 2026.[20]
  • Across water utilities, 8% of respondents rated asset O&M cost information as very good in 2026.[20]
  • Across water utilities, 7% of respondents rated asset information in EAM or CMMS as very good in 2026.[20]
  • Across electric utilities surveyed, 77% reported no erosion in data quality over time.[19]

Data Governance in the utilities and renewable energy sector (sector benchmark)

  • Across power and utility executives surveyed, 57% assessed data-governance maturity as developing or initial in 2021; none reported advanced practices.[7]
  • Across utilities surveyed, 9% had fully implemented an enterprise-wide data-governance program in 2020.[21]
  • Across utilities surveyed, 6% reported fully traceable data from original source to decision-making or business processes in 2020.[21]
  • Across utilities surveyed, 56% had some form of inventory covering data sources and data-quality, integration, and analytics tools in 2020.[21]
  • Across energy and utilities organizations, 65% reported that all or nearly all of their data was governed in 2026.[22]
  • Across utilities surveyed, 50% estimated they were still three to five years away from enterprise-level data governance in 2020.[21]

KPIs in the heat pump industry

  • 4.0 to 5.1 was the cooling COP range for full-displacement central heat pumps in the Connecticut study.[23]
  • 5% of global heating needs were supplied by heat pumps in 2024, while heat pumps covered about 12% of global building space-heating needs.[15]
  • 5.1 to 6.1 was the cooling COP range for full-displacement mini-split heat pumps in the Connecticut study.[23]
  • 2.0 to 3.5 was the heating COP range for full-displacement central heat pumps across the studied outdoor-temperature range.[23]
  • 3.78 was the average efficiency reported by Octopus Energy’s Cosy heat-pump dashboard fleet.[24]
  • 3.79 was the winter efficiency reported by Aira’s heat-pump dashboard.[24]

06 Statistics

Strategy & Growth

Investment and manufacturing scale-up remain tied to efficiency and capacity targets. IEA capacity is projected at 265 GW by 2035 under the Stated Policies Scenario.

Growth in the heat pump industry

  • 265 GW is projected heat-pump sales capacity in 2035 under the IEA Stated Policies Scenario.[15]
  • 5% of global heating needs were supplied by heat pumps in 2024, indicating substantial remaining scope for industry expansion.[15]
  • 55% of U.S. heating-system sales were heat pumps in December 2023.[15]
  • 12% was the growth in Chinese heat-pump sales in 2023 compared with 2022.[15]
  • 20% of global heat-pump manufacturing capacity was located in the European Union in 2024.[15]
  • 13% was the increase in Chinese heat-pump sales in the first half of 2024 compared with the first half of 2023.[15]

Differentiation in the heat pump industry

  • 21.2 SEER2 is the maximum efficiency of Carrier’s Infinity Variable-Speed Ultimate Cold Climate Heat Pump.[25]
  • 250% was the increase in production capacity at Panasonic’s expanded Pilsen heat pump complex, reaching 140,000 square metres.[26]
  • 24 MW is the capacity of Johnson Controls’ waste-heat recovery heat pump commissioned at EnBW Stuttgart in Germany in 2024.[27]
  • 100% of heating capacity is maintained at 0°F by Carrier’s Infinity Variable-Speed Ultimate Cold Climate Heat Pump.[25]
  • 54 decibels is the listed sound level of Carrier’s Infinity Variable-Speed Ultimate Cold Climate Heat Pump.[25]
  • €100 million is Bosch’s planned investment in heat-pump laboratories, production buildings and additional lines at Aveiro, Portugal, through 2026.[28]

Mergers and acquisitions in the heat pump industry

  • 100% of OSO was agreed to be acquired by LG Electronics in 2025 to combine water-heating systems with LG heat-pump technology.[29]
  • $6 million was the consideration for Modine’s 2023 acquisition of Napps Technology, a manufacturer of chillers, condensing units and heat pumps.[30]
  • $8 billion was the purchase price announced by Bosch in 2024 for Johnson Controls’ residential and light-commercial HVAC business and the Johnson Controls-Hitachi Air Conditioning joint venture.[31]
  • March 31, 2025 was the announcement date for Merino Capital’s acquisition of UK pool-heat-pump supplier HeatPumps4Pools.[32]
  • C$200 million was the purchase price for SPX Technologies’ acquisition of Sigma Heating and Cooling and Omega Heat Pump in 2025.[33]
  • $11 million was the consideration for Modine’s 2025 acquisition of AbsolutAire, a heating and ventilation equipment manufacturer.[30]

Strategic partnerships in the heat pump industry

  • 100 new green engineering jobs were expected by 2024 from Octopus Energy’s strategic investment in Northern Irish heat pump manufacturer Renewable Energy Devices.[34]
  • 1 million heat-pump solutions is Daikin’s target for California by 2030 under its supply and market-development commitments.[4]
  • €30 million was Panasonic’s equity investment in German home-energy-management company tado° in 2025.[35]
  • 50% of California Heat Pump Partnership funding is directed toward low-income and disadvantaged communities.[36]
  • More than 90% of the manufacturers, distributors and suppliers in California’s heat-pump partnership represented the relevant industry coalition in 2024.[37]
  • 100 people per year will receive specialist heat-pump training under Daikin’s Greater Manchester agreement.[38]

07 Statistics

People & Workforce

Installer availability constrains deployment alongside workforce aging. UK installer workforce totals 1,801 MCS-certified companies active in 2025.

Hiring in the heat pump industry

  • 170,000 direct jobs were provided by Europe’s heat pump sector, according to the European Heat Pump Association’s 2025 estimate.[39]
  • 80,000 jobs were provided by Chinese heat pump sales and service providers in 2024, including logistics, installation and after-sales services.[39]
  • 70,554 U.S. jobs were related to air-source heat pumps in 2024.[39]
  • 25,000 people worked in China’s heat pump component production in 2024.[39]
  • 1,801 MCS-certified heat pump companies were active in the UK installer workforce in 2025.[40]

Employee retention in the heat pump industry

  • 4,000 European heat pump-sector jobs were cut in 2024 after sales fell in 14 countries.[39]
  • 95% of UK heating and cooling businesses were sole traders or microbusinesses in 2023, limiting formal career and retention structures.[41]
  • Two-thirds of the UK heat pump installation workforce were aged 45 or over in 2023, creating a substantial retirement-retention risk.[42]
  • 39% of people who completed a recognised UK heat pump qualification in 2024 were modelled not to begin installing heat pumps immediately.[43]
  • Between 4,000 and 10,000 trained and active heat pump installers were estimated to be working in the UK in 2023.[41]

Remote Work in the utilities and renewable energy sector (sector benchmark)

  • Across U.S. utilities, 18.2% of employees worked fully remotely in November 2024.[44]
  • U.S. utilities employees worked 22.32% of paid days from home in 2026.[45]
  • U.S. utilities employees worked 31.42% of paid days from home in 2024.[45]
  • Among U.S. utility employers recruiting new graduates, 9.3% of positions were fully remote in 2024.[46]

Hybrid Work in the utilities and renewable energy sector (sector benchmark)

  • Across U.S. utilities, 51% of full-time employees worked either hybrid or fully from home during September–December 2024.[47]
  • Across U.S. utilities, 32.5% of employees worked in hybrid arrangements in November 2024.[44]
  • Among U.S. utility employers recruiting new graduates, 43.4% of positions were fully hybrid in 2024.[46]
  • U.S. utilities had 28% of full-time employees in hybrid arrangements during September–December 2024.[47]

Upskilling in the heat pump industry

  • Nearly 300 heat-pump-relevant energy-efficiency training programs were available in Pennsylvania, according to a 2023 workforce assessment.[48]
  • 7,000 heat pump installers per year was the training capacity reported by manufacturers to the UK government.[41]
  • 71% of technicians at surveyed companies that installed VRF systems had received VRF training.[49]
  • 9% of UK installers were actively fitting heat pumps in 2024, up from 7% in 2023 and 3% in 2022.[50]
  • 97% of installation technicians at surveyed U.S. commercial and industrial HVAC companies had attended air-source heat pump training.[49]

Employee Engagement in the utilities and renewable energy sector (sector benchmark)

  • Among U.S. energy and utility organizations, 54% reported that frontline disengagement affected productivity in 2023.[51]
  • Across U.S. utilities, 70% of employees were engaged in the July 2025–June 2026 benchmark period.[52]
  • At Southern California Edison, 82% of employees gave a favorable overall engagement response in 2022.[53]
  • Among frontline energy and utilities workers, 57% said workplace communication tools were designed for desk workers rather than them in 2025.[54]

DEI in the heat pump industry

  • 81% of UK employers employed male installers in 2023.[42]
  • 48 men were identified for every woman among UK heat-pump-related electricians in a 2026 occupational analysis.[55]
  • 8% of heat-pump-related workers were women in a 2026 UK analysis of heat-pump-related occupations.[56]

08 Statistics

Customer & Sales

Contractor-led sourcing and rebates shape residential decisions. In 2024, 72% of Minnesota customers said rebates were very or extremely important.

Customer experience in the heat pump industry

  • 95% of New York air-source-heat-pump customers used contractor-provided materials to learn how to operate their system in 2022.[57]
  • 79% of British heat-pump users said it was fairly or very easy to find an installer in 2022.[24]
  • 62% of British homeowners who inherited a heat pump said they did not find it easy to source information on effective use in 2022.[24]
  • 44% of British homeowners who inherited a heat pump received no advice on how to use it in 2022.[24]
  • 67% of participants understood likely heat-pump installation costs after a home visit, compared with 36% before the visit, in a UK Nesta study.[24]

Customer retention in the heat pump industry

  • 33% of UK employers offering heat-pump installation services reported online promotion as a source of new business in 2021–2022.[42]
  • 34% of California HVAC heat-pump customers hired the first contractor they contacted in 2022.[58]
  • 88% of UK employers offering heat-pump installation services reported repeat business from existing customers as a source of new business in 2021–2022.[42]
  • 34% of UK employers offering heat-pump installation services reported manufacturer referrals as a source of new business in 2021–2022.[42]
  • 24% of UK employers offering heat-pump installation services reported architect tenders as a source of new business in 2021–2022.[42]

Customer acquisition in the heat pump industry

  • 38% of Minnesota heat-pump purchasers specifically sought a heat pump at the start of their HVAC replacement search in 2024.[59]
  • 39% of Minnesota heat-pump purchasers were not specifically seeking a heat pump but received a contractor recommendation in 2024.[59]
  • 40% of surveyed U.S. heat-pump contractors frequently used direct sales and advertising for customer acquisition.[60]
  • 70% of Minnesota customers said it was very easy to find a heat-pump contractor in 2024.[59]
  • 72% of Minnesota heat-pump customers said rebates were very or extremely important to their installation decision in 2024.[59]

Customer loyalty in the heat pump industry

  • 84 out of 100 was the 2025 Consumer Reports owner-satisfaction score for American Standard heat pumps, based on willingness to recommend the brand.[61]
  • 55 out of 100 was the 2025 Consumer Reports owner-satisfaction score for Lennox heat pumps, based on willingness to recommend the brand.[61]
  • 48 out of 100 was the 2025 Consumer Reports owner-satisfaction score for Amana heat pumps, based on willingness to recommend the brand.[61]
  • 67 out of 100 was the 2025 Consumer Reports owner-satisfaction score for Carrier heat pumps, based on willingness to recommend the brand.[61]
  • 52 out of 100 was the 2025 Consumer Reports owner-satisfaction score for Concord heat pumps, based on willingness to recommend the brand.[61]

Lead generation in the heat pump industry

  • 6% of New York air-source-heat-pump customers found their installer through a utility website in 2022.[57]
  • 59% of surveyed U.S. heat-pump contractors did not use online marketplace platforms for customer acquisition.[60]
  • 28% of New York air-source-heat-pump customers found their installer through a friend, family member, neighbor or colleague recommendation in 2022.[57]
  • 11% of New York air-source-heat-pump customers found their installer through a manufacturer’s website in 2022.[57]
  • 13% of New York air-source-heat-pump customers found their installer through a contractor they had worked with previously in 2022.[57]

09 Statistics

Marketing & Brand

Public-facing tools and local campaigns drive awareness and visits. New York’s Heat Pump Planner recorded 97,426 visits in 2025.

Marketing in the heat pump industry

  • 1,600 energy-efficiency and heat-pump installations were completed through New York community campaigns by 2025.[62]
  • 67% of 90 Ontario heat-pump installers emphasized expected utility-cost savings on their websites in 2025.[63]
  • 80% of surveyed U.S. contractors whose firms sold heat pumps promoted the equipment to some degree in 2023.[58]
  • 50% of U.S. heat-pump installation customers specifically asked for a heat pump in 2024.[60]
  • 55% of New York’s residential population was aware of heat pumps in 2025.[62]

Digital marketing in the heat pump industry

  • 59% of U.S. heat-pump installers reported not using online marketplace platforms for customer acquisition in 2024.[60]
  • 97,426 visits were recorded for New York’s Heat Pump Planner in 2025, an 86.8% increase from 2024.[62]
  • 33,114 users engaged with New York’s online contractor-finder in 2025.[62]
  • 114,553 visits were recorded for New York’s online rebate-finder in 2025.[62]
  • 52,816 users visited New York’s Heat Pump Planner in 2025, up 56.1% from 2024.[62]

Branding in the heat pump industry

  • 28% of U.S. heat-pump contractors selected Fujitsu as one of their three most commonly used brands in 2024.[60]
  • 67 out of 100 was Bryant’s 2025 owner-satisfaction score among Consumer Reports heat-pump brands.[61]
  • 15% of surveyed U.S. homeowners had heard of heat pumps but did not know what they were in 2024.[64]
  • 67 out of 100 was Carrier’s 2025 owner-satisfaction score among Consumer Reports heat-pump brands.[61]
  • 10% of U.S. heat-pump contractors selected Carrier as one of their three most commonly used brands in 2024.[60]

Social media in the heat pump industry

  • 120,700 Instagram views were generated by one New Hampshire heat-pump campaign video.[65]
  • 2.79 million digital and social impressions were generated by Energy Smart Eastside’s first two seasonal campaigns in Washington.[66]
  • 22 million paid-social impressions were generated by New York’s Clean Heat campaign in 2025.[62]
  • 31.6 hours of influencer content watch time were recorded by New York’s Clean Heat campaign in 2025.[62]
  • 97,461 social-ad engagements were generated by Energy Smart Eastside’s first two seasonal campaigns in Washington.[66]

Influencer Marketing in the utilities and renewable energy sector (sector benchmark)

  • Across B2B companies, authenticity and credibility were the top influencer-selection criteria for 58% of marketers in 2025.[67]
  • Across B2B companies, influencer marketing was associated with a 39-percentage-point advantage in brand-awareness goal attainment in 2025.[67]
  • Across B2B companies, 28% of marketers ranked thought leaders or industry analysts as the most effective influencer type in 2025.[67]
  • Across B2B companies, 55% were using influencers in 2025, while another 29% planned to adopt influencer marketing within the following year.[67]
  • Across B2B companies, 76% of marketing leaders believed creator collaborations build brand authenticity in 2025.[67]

10 Statistics

Operations & Execution

Field performance and fault rates vary by installation and manufacturing causes. A Connecticut study found 31% of projects requiring callbacks involved refrigerant leaks.

Process optimization in the heat pump industry

  • 15% of residential heat-pump sales in Japan were captured by CO₂-based Eco-cute heat-pump water heaters in 2025.[15]
  • 98% of heat-pump sales in Ireland used water-based heat distribution in 2023.[15]
  • 85% utilization was the high-utilization assumption used in the IEA’s global heat-pump manufacturing cost estimate.[15]
  • 10% of more than 1,000 Central European residential heat-pump systems were oversized for their intended application in a 2025 field study.[68]
  • 20% of global industrial heat demand could technically be supplied by commercially available heat pumps, mainly in low- and medium-temperature processes, in 2024.[15]

Operational efficiency in the heat pump industry

  • 140,000 people were employed by China’s heat-pump industry in 2024.[39]
  • 11% was the increase in European heat-pump sales in 2025.[15]
  • 13% was the decline in United States heat-pump sales in 2025.[15]
  • 3.9 million workers were employed globally in heat pumps and other efficient or renewable HVAC equipment in 2024.[69]
  • 25% of global heat-pump manufacturing capacity was located in the United States in 2024.[15]

Quality management in the heat pump industry

  • 69% of United Kingdom domestic Renewable Heat Incentive applicants reported no faults or unexpected maintenance after heat-pump installation.[42]
  • 18% of assisted ground- or water-source heat-pump installations in the United Kingdom had a reported manufacturing fault in the Renewable Heat Premium Payment evaluation.[42]
  • 28% of assisted air-source heat-pump installations in the United Kingdom had a reported installation fault in the Renewable Heat Premium Payment evaluation.[42]
  • 16% of assisted air-source heat-pump installations in the United Kingdom had a reported manufacturing fault in the Renewable Heat Premium Payment evaluation.[42]
  • 31% of surveyed Connecticut heat-pump projects requiring callbacks involved refrigerant leaks.[23]

Supply chain in the heat pump industry

  • 42% of Moldova’s heat pumps were supplied by China in 2022.[15]
  • 20% of global heat-pump manufacturing was located in the United States in 2023.[15]
  • 39.2% was the increase in European Union heat-pump exports by value between 2015 and 2025.[70]
  • 15% of global heat-pump manufacturing was located in the European Union in 2023.[15]
  • 39% of Moldova’s heat pumps were supplied by China in 2023.[15]

Outsourcing / Offshoring in the utilities and renewable energy sector (sector benchmark)

  • Approximately 45% of electric transmission, distribution and gas distribution work was outsourced in 2024, projected to exceed 50% over the following five years.[71]
  • 55% of surveyed solar OEMs, technicians and installers across the United States, United Kingdom, Germany and Spain outsourced most solar maintenance in 2025.[72]
  • 54% of U.S. solar companies surveyed outsourced most solar maintenance in 2025, compared with 60% in Germany and 48% in the United Kingdom.[72]
  • 88% of power and utilities executives surveyed planned to rely more on vendors and contractors than previously, in a 2025 global energy survey.[7]
  • 40% of U.S. power and utilities executives surveyed said they would outsource some business functions to external contractors, according to a 2025 survey.[7]

11 Statistics

Finance & Pricing

Upfront equipment costs remain a barrier while manufacturing costs differ by location. IEA 2026 assessment states heat-pump equipment costs are often 2–3 or more times higher than alternatives.

Pricing strategy in the heat pump industry

  • Nearly 50% was the increase in Vaillant Group’s heat-pump business in 2023, indicating successful market-share and product-positioning strategy.[73]
  • Heat-pump equipment costs are often 2–3 or more times higher than alternative heating equipment in buildings, according to the IEA’s 2026 assessment.[15]
  • 50% cheaper was the IEA’s estimate for manufacturing an air-source heat pump in China compared with the United States on a per-kilowatt basis.[15]
  • More than 100% was the growth of Vaillant Group’s heat-pump business in Germany in 2023.[73]
  • 13% was the increase in domestic heat-pump sales across 21 European countries in 2025, following changes in taxes and support schemes.[14]

Cost reduction in the heat pump industry

  • 40–60% cheaper was the estimated manufacturing cost of air-source heat pumps in China compared with the European Union on a per-kilowatt basis.[15]
  • $1,654 was the estimated saving from reusing existing ductwork in a US HVAC heat-pump project.[74]
  • 70% of major-market building-sector heat-pump sales or more were domestically sourced in 2024, reducing exposure to long-distance supply routes.[15]
  • $1,643 was the estimated saving from avoiding main-service-panel electrical upgrades for a US heat-pump-water-heater project.[74]
  • $898 was the estimated saving from avoiding wiring upgrades for a US heat-pump-water-heater project.[74]

Profitability in the heat pump industry

  • SEK 2.425 billion was NIBE Climate Solutions’ adjusted operating profit in 2024.[75]
  • SEK 26.037 billion was NIBE Climate Solutions’ net sales in 2024, down 17.0% from 2023.[75]
  • ¥4,752.3 billion was Daikin’s net sales in fiscal 2024.[4]
  • 5.25 billion euros was Daikin Europe’s turnover in fiscal 2025, a record high for its EMEA business.[76]
  • SEK 1.600 billion was NIBE Climate Solutions’ operating profit in 2024, down 71.4% year on year.[75]

Financial planning in the heat pump industry

  • More than $3 billion was announced for new heat-pump factories globally during the three years before 2024.[69]
  • €130 million was Vaillant Group’s announced investment in heat pumps and energy efficiency for 2022–2023.[14]
  • €60 million was Hoval’s announced heat-pump investment for 2023–2024.[14]
  • €145 million was Panasonic’s announced Czech Republic heat-pump investment through 2026.[14]
  • Heat-pump equipment costs are often 2–3 or more times higher than alternative heating equipment, increasing upfront capital requirements for building projects.[15]

12 Statistics

Product & Service

Service outcomes and reliability indicators inform lifecycle expectations. The observed median replacement interval in the U.S. was 13.3 years.

Product development in the heat pump industry

  • More than 20% of power consumption was reduced in a Daikin AI energy-tuning test at Yamaha facilities in Japan between April 2023 and March 2024.[4]
  • 16% of power consumption was reduced in a Daikin AI energy-tuning test at BMW facilities in Thailand from January to June 2024.[4]
  • Around 650 MW of industrial heat-pump capacity was installed in Japan in 2024, more than twice the level recorded a decade earlier.[15]
  • Low-global-warming-potential refrigerants were reshaping heat-pump product standards and manufacturing processes by 2024.[15]
  • Close to 15% of Japan’s residential water-heating market was captured by CO₂-based Eco-Cute heat-pump water heaters in 2025.[15]

Product lifecycle in the heat pump industry

  • 15 years is the average residential air-source heat-pump life used by the U.S. Department of Energy for life-cycle energy-cost calculations.[77]
  • 95% is the expected recycling rate for large appliances such as boilers, air-conditioning systems and ventilation equipment in a German heat-pump life-cycle dataset.[78]
  • 13.3 years was the observed median replacement interval for U.S. residential heat pumps in ServiceTitan platform data.[79]
  • 50% is the default European energy-recovery rate for polyurethane foam in heat-pump and air-conditioning equipment under Eurovent’s 2026 end-of-life scenario.[80]
  • 15 years was the average heat-pump service life used in Germany’s 2026 national inventory calculations.[81]

After-sales in the heat pump industry

  • 87% of participating U.S. heat-pump contractors rated maintenance requirements favorably in 2024, up from 73% in 2023.[49]
  • 9.4 months was the average time before Connecticut ductless mini-split heat-pump owners needed a repair visit after installation.[23]
  • Just under one-quarter of UK heating-company owners said heat-pump repair, maintenance and servicing was difficult to make profitable in 2025.[82]
  • 31% of UK heating-business owners reported low customer demand for heat-pump repair, maintenance and servicing in 2025.[82]
  • 64% of Connecticut HVAC heat-pump owners who requested service or repair received a visit within two to three days in the market study.[23]

Value proposition in the heat pump industry

  • 63% of U.S. HVAC heat-pump customers who viewed the equipment as a good or great value rated home temperature comfort as a reason in 2025.[58]
  • USD 300–650 was the median annual bill saving estimated for 48 million U.S. homes switching to air-source heat pumps, depending on efficiency.[74]
  • 55% of U.S. homes using electric, fuel-oil, or propane heating and central or room air conditioning had positive bill savings with a minimum-efficiency air-source heat pump.[74]
  • 54% of U.S. homeowners identified utility-bill savings as a heat-pump benefit in 2025.[83]
  • 39% of U.S. homeowners identified the ability to maintain a consistent home temperature as a heat-pump benefit in 2025.[83]

13 Statistics

Sustainability & Ethics

Lifecycle impact reporting and recycling rates support compliance and procurement checks. A German heat-pump dataset cites a 95% expected recycling rate for large appliances.

Sustainability in the heat pump industry

  • 18% is the maximum seasonal coefficient-of-performance improvement claimed for Carrier’s AquaSnap 61AQ R-290 heat pump compared with the preceding 61AF version.[84]
  • 5% is the maximum seasonal energy-efficiency-ratio improvement claimed for Carrier’s AquaSnap 61AQ R-290 heat pump compared with the preceding 61AF version.[84]
  • 38% of Carrier’s U.S. Residential HVAC sales in 2024 came from furnaces, air conditioners and heat pumps meeting ENERGY STAR efficiency metrics.[84]
  • 27.5 million gigajoules of energy use will be avoided over their lifetimes by systems sold by Zehnder in 2024, using the company’s comparison methodology.[85]
  • 40,000 Massachusetts homes received heat-pump installations through Mass Save programs in 2024.[86]

ESG in the heat pump industry

  • 4.62 million tonnes of CO₂-equivalent emissions were reported in Daikin’s 2024 value-chain environmental-impact data for purchased materials, production, transport, and product use categories.[4]
  • More than 100,000 employees were reported by Daikin as the group expanded from 13,000 employees in its earlier period of international growth.[4]
  • 4.62 million tonnes of CO₂-equivalent emissions were reported in Daikin’s 2024 value-chain environmental-impact data for purchased materials.[4]
  • 35,000 European installers received heat-pump training from Vaillant in 2024, supporting workforce development in the heating sector.[73]
  • 4,506 metric tonnes of hazardous waste were generated by Carrier in 2024.[84]

CSR in the heat pump industry

  • 55,000 Massachusetts homes were weatherized through Mass Save programs in 2024.[86]
  • 684,000 metric tons of CO₂ were avoided by Mass Save programs during the 2022–2024 three-year plan term.[86]
  • 74 million MMBtu of energy savings were delivered by Mass Save programs across all fuel types in Massachusetts during 2024.[86]
  • 166,000 Massachusetts homes were weatherized through Mass Save-supported programs during the 2022–2024 plan term.[86]
  • 62,000 installers were trained across Europe by Vaillant in 2024, including more than 35,000 who received heat-pump training.[73]

Circular economy in the heat pump industry

  • 371,649 kilograms of recovered refrigerants were recycled or reused by Daikin in the 2025–2026 Japanese recycling year.[4]
  • 3 was the conservative coefficient of performance assumed for renewable-powered heat pumps in Zehnder’s product-use comparison methodology.[85]
  • 22,115 tonnes was the total weight of materials recovered from Daikin residential air conditioners in the 2025–2026 Japanese recycling year.[4]
  • 1,921,578 tonnes of CO₂-equivalent emissions were originally reported by Zehnder for systems sold in 2023 before a calculation error was corrected in its sustainability reporting.[85]
  • 94.6% was the average share of global-warming-potential impacts attributed to the use phase in the reviewed heat-pump life-cycle studies.[63]

Carbon footprint in the heat pump industry

  • 20% was the share added to a UK air-source heat-pump carbon footprint by HFC refrigerant impacts in a published life-cycle assessment.[63]
  • 272,000 metric tonnes of CO₂ were avoided by Massachusetts energy-efficiency and decarbonization programs in 2024, including heat-pump installations.[86]
  • 1,298,464 tonnes of CO₂-equivalent emissions will be avoided over the estimated lifetimes of Zehnder systems sold in 2024.[85]
  • 70% or more was the approximate average share of life-cycle impacts attributed to the use phase in a 2025 review of heat-pump environmental assessments.[63]
  • 182.9 grams of CO₂-equivalent per kilowatt-hour was the natural-gas emissions factor used in Zehnder’s 2024 heating comparison methodology.[85]

15 Statistics

Globalization & Expansion

Production and trade patterns remain concentrated. China accounted for 50% of global heat pump exports in 2023.

Globalization in the heat pump industry

  • 50% was China’s share of global heat pump exports in 2023.[15]
  • 2% was the decline in global heat pump sales in 2025.[15]
  • 50% of global heat pump exports came from China in 2023.[15]
  • 145 GW per year was global heat pump manufacturing capacity in 2024, led by China with approximately 35%, the United States with 25%, and the European Union with 20%.[15]
  • €2.6 billion was the value of EU heat pump exports, including intra-EU trade, in 2024, down from €3.8 billion in 2023.[94]

Cultural adaptation in the heat pump industry

  • 45% of respondents in South Korea had heard of heat pumps in 2025, the lowest awareness among the surveyed East Asian markets.[95]
  • 35% of respondents in Mexico had heard of heat pumps in 2025.[95]
  • 94% of respondents in France had heard of heat pumps in 2025.[95]
  • 97% of respondents in Norway had heard of heat pumps in 2025, the highest awareness among countries surveyed.[95]
  • 24% of Hungarian respondents favored heat pumps as a heating solution because of cost-effectiveness and environmental friendliness in 2023.[76]

Supplier management in the heat pump industry

  • US$143.5 million is Mitsubishi Electric’s planned investment to retrofit its Kentucky factory for heat pump compressor production.[96]
  • US$3 billion is GE Appliances’ announced investment in US manufacturing, including expansion of heat pump water-heater production.[97]
  • October 2027 is Mitsubishi Electric’s target start date for producing variable-speed heat pump compressors in Kentucky.[96]
  • More than 70% of building-sector heat pump sales in every major market were sourced domestically in 2024, reflecting local requirements, climates, and customer preferences.[15]
  • €50 million was awarded by the U.S. Department of Energy to Mitsubishi Electric’s U.S. subsidiary for domestic production of high-efficiency heat pump technology.[96]

Stakeholder management in the heat pump industry

  • 9,062 United Kingdom heating professionals completed heat pump training in 2024, up from 7,856 in 2023 and 2,951 in 2022.[24]
  • 50% was the approximate global increase in heat pump-sector employment between 2015 and 2024.[15]
  • 43% of United Kingdom heating companies with one to five employees reported that they installed mostly heat pump systems.[24]
  • 72% of off-gas-grid UK heating installers without heat pump experience said they would upskill if demand for fossil-fuel heating declined.[41]
  • 2,813 technicians had undertaken government-subsidized heat pump training through OFTEC in the United Kingdom by late 2024.[98]

Distribution channels in the heat pump industry

  • 1,801 MCS-certified heat pump companies were part of the active United Kingdom installer workforce in 2025.[40]
  • 4.8 installers per company was the average workforce size reported for MCS-certified United Kingdom heat pump businesses.[40]
  • 40% of US heat pump installers used direct sales and advertising frequently in 2024.[60]
  • 15% of US heat pump installers used partnerships frequently in 2024.[60]
  • 80,000 jobs in China’s heat pump industry were in sales, logistics, installation, and after-sales services in 2024, representing 58% of industry employment.[39]

Key questions about the Heat Pump Industry

What is the heat pump market size in Europe?
The European Union installed 2.3 million heat pumps in 2024, rising to 2.6 million sales in 2025.
How fast is European heat pump demand growing?
EU sales reached 2.6 million units in 2025, up 13% year over year, while European installed stock reached 29.3M in 2025.
Which companies lead the heat pump industry?
Trane Technologies leads Gitnux's 2026 heat pump ranking with an Overall score of 9.3, with revenue growth of 7.5% and operating margin of 18.6%. Midea Group is the runner-up at 9.1, driven by revenue growth of 12.1% and R&D at 3.9% of revenue.
What technology shifts matter most in 2025–2026?
Low-GWP refrigerants are reshaping product standards, and EU F-gas rules restrict certain split systems from January 1, 2025 and further from January 1, 2027.
How is the market structured between regions and demand types?
Europe recorded an 11% increase in 2025 sales while global sales declined about 2%, and US sales fell approximately 13% in 2025.
What adoption cost and incentive context affects customers?
A U.S. DOE factsheet reports most residential retrofits in the Midwest cost between $11,300 and $19,500 including installation, and qualifying installations in 2023–2025 received a 30% federal heat-pump credit up to $2,000 annually.
Reference

Cite This Report

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APA
Aisha Okonkwo. (2026, February 13). Heat Pump Industry Statistics. Gitnux. https://gitnux.org/heat-pump-industry-statistics
MLA
Aisha Okonkwo. "Heat Pump Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/heat-pump-industry-statistics.
Chicago
Aisha Okonkwo. 2026. "Heat Pump Industry Statistics." Gitnux. https://gitnux.org/heat-pump-industry-statistics.

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