| Product Code: ETC4659566 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Despite a decline in the growth rate of Hong Kong heat pump imports in 2024, the market continued to show high concentration levels with the top exporting countries being Japan, USA, China, Thailand, and Malaysia. The negative CAGR from 2020 to 2024 suggests a challenging period for the industry, while the further decrease in growth rate from 2023 to 2024 indicates ongoing difficulties. The high concentration of the Herfindahl-Hirschman Index (HHI) in 2024 underscores the dominance of these key exporting countries in the Hong Kong market, highlighting the competitive landscape within the industry.

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 Hong Kong Heat Pumps Market Overview |
3.1 Hong Kong Country Macro Economic Indicators |
3.2 Hong Kong Heat Pumps Market Revenues & Volume, 2021 & 2031F |
3.3 Hong Kong Heat Pumps Market - Industry Life Cycle |
3.4 Hong Kong Heat Pumps Market - Porter's Five Forces |
3.5 Hong Kong Heat Pumps Market Revenues & Volume Share, By Rated Capacity, 2021 & 2031F |
3.6 Hong Kong Heat Pumps Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Hong Kong Heat Pumps Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Hong Kong Heat Pumps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about energy efficiency and environmental concerns |
4.2.2 Government initiatives promoting the use of renewable energy sources |
4.2.3 Rising demand for sustainable heating solutions in residential and commercial buildings |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with heat pump installation |
4.3.2 Lack of consumer awareness and understanding of heat pump technology |
4.3.3 Limited availability of skilled professionals for installation and maintenance of heat pumps |
5 Hong Kong Heat Pumps Market Trends |
6 Hong Kong Heat Pumps Market Segmentations |
6.1 Hong Kong Heat Pumps Market, By Rated Capacity |
6.1.1 Overview and Analysis |
6.1.2 Hong Kong Heat Pumps Market Revenues & Volume, By Up to 10 kW, 2021-2031F |
6.1.3 Hong Kong Heat Pumps Market Revenues & Volume, By 10? ??20 kW, 2021-2031F |
6.1.4 Hong Kong Heat Pumps Market Revenues & Volume, By 20? ??30 kW, 2021-2031F |
6.1.5 Hong Kong Heat Pumps Market Revenues & Volume, By Above 30 kW, 2021-2031F |
6.2 Hong Kong Heat Pumps Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Hong Kong Heat Pumps Market Revenues & Volume, By Air-to-Air, 2021-2031F |
6.2.3 Hong Kong Heat Pumps Market Revenues & Volume, By Air-to-Water, 2021-2031F |
6.3 Hong Kong Heat Pumps Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 Hong Kong Heat Pumps Market Revenues & Volume, By Residential, 2021-2031F |
6.3.3 Hong Kong Heat Pumps Market Revenues & Volume, By Commercial, 2021-2031F |
6.3.4 Hong Kong Heat Pumps Market Revenues & Volume, By Hospitality, 2021-2031F |
6.3.5 Hong Kong Heat Pumps Market Revenues & Volume, By Retail, 2021-2031F |
6.3.6 Hong Kong Heat Pumps Market Revenues & Volume, By Education, 2021-2031F |
6.3.7 Hong Kong Heat Pumps Market Revenues & Volume, By Industrial, 2021-2031F |
7 Hong Kong Heat Pumps Market Import-Export Trade Statistics |
7.1 Hong Kong Heat Pumps Market Export to Major Countries |
7.2 Hong Kong Heat Pumps Market Imports from Major Countries |
8 Hong Kong Heat Pumps Market Key Performance Indicators |
8.1 Energy savings achieved through heat pump installations |
8.2 Number of government incentives and subsidies availed by consumers for heat pump purchases |
8.3 Growth in the number of heat pump installations in residential and commercial buildings |
9 Hong Kong Heat Pumps Market - Opportunity Assessment |
9.1 Hong Kong Heat Pumps Market Opportunity Assessment, By Rated Capacity, 2021 & 2031F |
9.2 Hong Kong Heat Pumps Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Hong Kong Heat Pumps Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Hong Kong Heat Pumps Market - Competitive Landscape |
10.1 Hong Kong Heat Pumps Market Revenue Share, By Companies, 2024 |
10.2 Hong Kong Heat Pumps Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |