Report cover image

Heat Pumps in China

Publisher Euromonitor International
Published Jan 06, 2026
Length 27 Pages
SKU # EP20711512

Description

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. Key players like Haier and Mi...

Euromonitor International's 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.

Table of Contents

27 Pages
Heat Pumps in China
Euromonitor International
January 2026
List Of Contents And Tables
HEAT PUMPS IN CHINA
KEY DATA FINDINGS
2025 DEVELOPMENTS
Navigating decline and moving towards growth through innovation and policy
CHART 1 Key Trends 2025
INDUSTRY PERFORMANCE
Gradual withdrawal of central government subsidy hampers performance
Air to water heat pumps leads in challenging market conditions
Sustainability key as consumers and governments prioritise eco-friendly heating solutions
CHART 2 Midea Launches Zhen Nuan Ultra-Low Temperature Heat Pump to Support Rural Heating Transition
WHAT’S NEXT?
Technological integration and government support set to drive growth
CHART 3 Analyst Insight
Extreme low temperature technology will be important for northern areas
Air to water heat pumps will remain dominant
COMPETITIVE LANDSCAPE
Haier and Midea lead as they adapt to changing consumer demands
Domestic leaders adapt to changing market conditions through diversification
CHANNELS
Non-retail channels dominate with integrated solutions
Retail e-commerce emerges as key distribution channel
PRODUCTS
AI and smart tech revolutionise heat pumps
CHART 4 TCL Air Energy Showcases AI-Driven Super-Saving Series at 2025 HPE Expo
Haier drives innovation with thermoacoustic technology advancements
CHART 5 Haier Releases Thermoacoustic HP with No Compressor and Refrigerant
COUNTRY REPORTS DISCLAIMER
CHART 6 Key Trends 2025
CHART 7 Haier’s AI Eyes and Uhome Bring Vision and Intelligence to Everyday Appliances
CHART 8 Growth Decomposition of Consumer Appliances 2024-2029
CHART 9 Listening Marketing Brings Haier Huge Success in the Multi-drum Race
CHART 10 Analyst Insight
CHART 11 Narwal Launches Maintenance-Free Self-Filter Wet and Dry Upright Vacuum Cleaner
CHART 12 Real GDP Growth and Inflation 2020-2030
CHART 13 PEST Analysis in China 2025
CHART 14 Key Insights on Consumers in China 2025
CHART 15 Consumer Landscape in China 2025
CONSUMER APPLIANCES IN CHINA
EXECUTIVE SUMMARY
Consumer appliances navigates headwinds with AI, functionality, and value-driven growth
KEY DATA FINDINGS
INDUSTRY PERFORMANCE
Government subsidies drive sales despite economic challenges
Personal care appliances leads volume sales, with growth driven by high-speed hair dryers
Smart and AI-powered appliances revolutionise consumer appliances
WHAT’S NEXT?
Companies implement different strategies to avoid the anticipated volume decline
Personal care appliances will continue to dominate, and dishwashers set to perform well
AI's evolution from gimmick to essential utility and embodied intelligence
Consumer rationalisation and the rise of niche appliances
COMPETITIVE LANDSCAPE
Midea, Haier and Gree lead with scale and innovation
Innovation and ecosystems reshape the competition in consumer appliances
Opportunities by leveraging core capabilities and adopting consumer-first strategies
Haier's listening marketing revolutionises research and development through co-creation
CHANNELS
Retail e-commerce dominates with fast delivery and installation
Omnichannel strategies are emerging as key to success
PRODUCTS
Convenience and customisation drive innovative product designs
ECONOMIC CONTEXT
CONSUMER CONTEXT
COUNTRY REPORTS DISCLAIMER
SOURCES
Summary 1 Research Sources

Search Inside Report

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us