| Product Code: ETC5772583 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Belgium`s heat pump import market saw a shift in concentration levels from high to moderate in 2024, with top exporting countries being Italy, Germany, Metropolitan France, Netherlands, and Czechia. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) from 2020 to 2024 remained strong at 18.34%. This indicates a steady demand for heat pumps in Belgium, with a diverse range of suppliers contributing to the market. Continued monitoring of market trends and competition dynamics will be crucial for stakeholders in the industry.

In the Europe region, the Heat Pump market in Belgium is projected to expand at a stable growth rate of 2.06% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Heat Pump Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Heat Pump Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Heat Pump Market - Industry Life Cycle |
3.4 Belgium Heat Pump Market - Porter's Five Forces |
3.5 Belgium Heat Pump Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Belgium Heat Pump Market Revenues & Volume Share, By Refrigerant, 2021 & 2031F |
3.7 Belgium Heat Pump Market Revenues & Volume Share, By Rated Capacity, 2021 & 2031F |
3.8 Belgium Heat Pump Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Belgium Heat Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on energy efficiency and sustainability in Belgium |
4.2.2 Government incentives and subsidies for renewable energy sources |
4.2.3 Growing awareness about environmental issues and carbon footprint reduction |
4.3 Market Restraints |
4.3.1 High initial cost of heat pump installation |
4.3.2 Lack of awareness and understanding about heat pump technology |
4.3.3 Limited availability of skilled workforce for heat pump installation and maintenance |
5 Belgium Heat Pump Market Trends |
6 Belgium Heat Pump Market Segmentations |
6.1 Belgium Heat Pump Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium Heat Pump Market Revenues & Volume, By Air-to-Air, 2021-2031F |
6.1.3 Belgium Heat Pump Market Revenues & Volume, By Air-to-Water, 2021-2031F |
6.1.4 Belgium Heat Pump Market Revenues & Volume, By Water Source, 2021-2031F |
6.1.5 Belgium Heat Pump Market Revenues & Volume, By Geothermal, 2021-2031F |
6.1.6 Belgium Heat Pump Market Revenues & Volume, By Hybrid, 2021-2031F |
6.2 Belgium Heat Pump Market, By Refrigerant |
6.2.1 Overview and Analysis |
6.2.2 Belgium Heat Pump Market Revenues & Volume, By R410A, 2021-2031F |
6.2.3 Belgium Heat Pump Market Revenues & Volume, By R407C, 2021-2031F |
6.2.4 Belgium Heat Pump Market Revenues & Volume, By R744, 2021-2031F |
6.3 Belgium Heat Pump Market, By Rated Capacity |
6.3.1 Overview and Analysis |
6.3.2 Belgium Heat Pump Market Revenues & Volume, By Up to 10 kW, 2021-2031F |
6.3.3 Belgium Heat Pump Market Revenues & Volume, By 10-20 kW, 2021-2031F |
6.3.4 Belgium Heat Pump Market Revenues & Volume, By 20-30 kW, 2021-2031F |
6.3.5 Belgium Heat Pump Market Revenues & Volume, By >30 kW, 2021-2031F |
6.4 Belgium Heat Pump Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Belgium Heat Pump Market Revenues & Volume, By Residential, 2021-2031F |
6.4.3 Belgium Heat Pump Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.4 Belgium Heat Pump Market Revenues & Volume, By Industrial, 2021-2031F |
7 Belgium Heat Pump Market Import-Export Trade Statistics |
7.1 Belgium Heat Pump Market Export to Major Countries |
7.2 Belgium Heat Pump Market Imports from Major Countries |
8 Belgium Heat Pump Market Key Performance Indicators |
8.1 Number of new heat pump installations in Belgium |
8.2 Energy savings achieved through heat pump systems |
8.3 Percentage of buildings in Belgium using heat pumps for heating and cooling |
8.4 Average lifespan of heat pumps installed in Belgium |
8.5 Energy efficiency ratings of heat pumps in the market |
9 Belgium Heat Pump Market - Opportunity Assessment |
9.1 Belgium Heat Pump Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Belgium Heat Pump Market Opportunity Assessment, By Refrigerant, 2021 & 2031F |
9.3 Belgium Heat Pump Market Opportunity Assessment, By Rated Capacity, 2021 & 2031F |
9.4 Belgium Heat Pump Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Belgium Heat Pump Market - Competitive Landscape |
10.1 Belgium Heat Pump Market Revenue Share, By Companies, 2024 |
10.2 Belgium Heat Pump Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |