Europe Heat Pump Market Size and YoY Growth (2025-2032)

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in USD Billion & percentage

REPowerEU Targets and National Gas Boiler Bans to Strengthen Growth in the Europe Heat Pump Market

Published by MMR Statistics Reserch Team, January 2026

Europe’s heat pump market was valued at USD 26.32 billion in 2025, with a YoY growth of 7.47%, supported by strong regulatory frameworks, energy efficiency mandates, and widespread adoption in residential and commercial buildings. In 2026, the market is estimated to reach USD 28.35 billion, driven by the EU’s focus on decarbonization, incentives for sustainable HVAC systems, and the adoption of advanced heat pump technologies.

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Heat Pump

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Information

Unit

in USD Billion & percentage

Region

Europe

Time Period

2025-2032

Source Name

MMR Statistics

Source Link

https://www.mmrstatistics.com/

Publisher Name

MMR Statistics

Publisher Link

https://www.mmrstatistics.com/

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