Against the global carbon neutrality backdrop, the heat pump industry has entered a fast-growth track: According to Mordor Intelligence, the market size will reach 83.66 billion in 2025 and is expected to rise to 131.67 billion by 2030, with a 9.49% CAGR.
There are two core drivers for this growth: First, policy support in regions like Europe and North America (the EU lists heat pumps as a key carbon neutrality technology, and many countries launch subsidies/tax incentives). Second, technological breakthroughs (upgraded inverter compressors enhance low-temperature performance, and intelligent control optimizes energy efficiency).
Beyond the construction sector, demand for heat pumps is growing rapidly in new application scenarios such as industrial waste heat recovery (nearly 50% of industrial energy consumption is emitted as waste heat, offering huge potential) and agricultural drying/greenhouse temperature control.
