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China Heat Pump Market Size, Share, Industry Trends, and Growth Forecasts, 2026-2031 | Policy Incentives and Industrial Demand Drive 4.39% CAGR and USD 20.91 Billion Opportunity
GlobeNewswire Inc.·
China's heat pump market is projected to grow from USD 16.03 billion in 2025 to USD 20.91 billion by 2031 at a 4.39% CAGR, driven by government subsidies covering up to 30% of costs, stricter building codes, and industrial applications. However, high installation costs, limited financing, and installer shortages remain significant barriers to adoption.
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