| Product Code: ETC5772667 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Portugal`s heat pump import market saw significant growth in 2024, with top suppliers being Spain, Italy, China, Metropolitan France, and Germany. The market remains moderately concentrated, indicating healthy competition among key players. The impressive compound annual growth rate (CAGR) of 21.18% from 2020 to 2024 highlights the increasing demand for heat pumps in Portugal. Additionally, the growth rate of 43.87% from 2023 to 2024 underscores the accelerating pace of market expansion. This data suggests a promising outlook for heat pump imports in Portugal.
By 2027, the Heat Pump market in Portugal is anticipated to reach a growth rate of 1.70%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.

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 Portugal Heat Pump Market Overview |
3.1 Portugal Country Macro Economic Indicators |
3.2 Portugal Heat Pump Market Revenues & Volume, 2021 & 2031F |
3.3 Portugal Heat Pump Market - Industry Life Cycle |
3.4 Portugal Heat Pump Market - Porter's Five Forces |
3.5 Portugal Heat Pump Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Portugal Heat Pump Market Revenues & Volume Share, By Refrigerant, 2021 & 2031F |
3.7 Portugal Heat Pump Market Revenues & Volume Share, By Rated Capacity, 2021 & 2031F |
3.8 Portugal Heat Pump Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Portugal Heat Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on energy efficiency and sustainability in Portugal |
4.2.2 Government incentives and regulations promoting the use of heat pumps |
4.2.3 Growing awareness among consumers about the benefits of heat pumps |
4.3 Market Restraints |
4.3.1 High initial installation costs of heat pumps |
4.3.2 Lack of skilled professionals for installation and maintenance of heat pumps |
4.3.3 Competition from alternative heating technologies like gas boilers |
5 Portugal Heat Pump Market Trends |
6 Portugal Heat Pump Market Segmentations |
6.1 Portugal Heat Pump Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Portugal Heat Pump Market Revenues & Volume, By Air-to-Air, 2021-2031F |
6.1.3 Portugal Heat Pump Market Revenues & Volume, By Air-to-Water, 2021-2031F |
6.1.4 Portugal Heat Pump Market Revenues & Volume, By Water Source, 2021-2031F |
6.1.5 Portugal Heat Pump Market Revenues & Volume, By Geothermal, 2021-2031F |
6.1.6 Portugal Heat Pump Market Revenues & Volume, By Hybrid, 2021-2031F |
6.2 Portugal Heat Pump Market, By Refrigerant |
6.2.1 Overview and Analysis |
6.2.2 Portugal Heat Pump Market Revenues & Volume, By R410A, 2021-2031F |
6.2.3 Portugal Heat Pump Market Revenues & Volume, By R407C, 2021-2031F |
6.2.4 Portugal Heat Pump Market Revenues & Volume, By R744, 2021-2031F |
6.3 Portugal Heat Pump Market, By Rated Capacity |
6.3.1 Overview and Analysis |
6.3.2 Portugal Heat Pump Market Revenues & Volume, By Up to 10 kW, 2021-2031F |
6.3.3 Portugal Heat Pump Market Revenues & Volume, By 10-20 kW, 2021-2031F |
6.3.4 Portugal Heat Pump Market Revenues & Volume, By 20-30 kW, 2021-2031F |
6.3.5 Portugal Heat Pump Market Revenues & Volume, By >30 kW, 2021-2031F |
6.4 Portugal Heat Pump Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Portugal Heat Pump Market Revenues & Volume, By Residential, 2021-2031F |
6.4.3 Portugal Heat Pump Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.4 Portugal Heat Pump Market Revenues & Volume, By Industrial, 2021-2031F |
7 Portugal Heat Pump Market Import-Export Trade Statistics |
7.1 Portugal Heat Pump Market Export to Major Countries |
7.2 Portugal Heat Pump Market Imports from Major Countries |
8 Portugal Heat Pump Market Key Performance Indicators |
8.1 Number of heat pump installations in residential/commercial buildings |
8.2 Energy savings achieved by using heat pumps compared to traditional heating systems |
8.3 Percentage of government subsidies utilized for heat pump installations |
8.4 Customer satisfaction ratings for heat pump performance and efficiency |
9 Portugal Heat Pump Market - Opportunity Assessment |
9.1 Portugal Heat Pump Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Portugal Heat Pump Market Opportunity Assessment, By Refrigerant, 2021 & 2031F |
9.3 Portugal Heat Pump Market Opportunity Assessment, By Rated Capacity, 2021 & 2031F |
9.4 Portugal Heat Pump Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Portugal Heat Pump Market - Competitive Landscape |
10.1 Portugal Heat Pump Market Revenue Share, By Companies, 2024 |
10.2 Portugal Heat Pump Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |