Armenia Heat Pump Market (2025-2031) | Outlook, Analysis, Forecast, Industry, Revenue, Growth, Value, Trends, Share, Segmentation, Size & Companies
Market Forecast By Type (Air-to-Air, Air-to-Water, Water Source, Geothermal, Hybrid), By Refrigerant (R410A, R407C, R744), By Rated Capacity (Up to 10 kW, 10-20 kW, 20-30 kW, >30 kW), By End User (Residential, Commercial, Industrial) And Competitive Landscape
| Product Code: ETC5772578 | 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 |
Armenia Heat Pump Market: Import Trend Analysis
Armenia import trend for the heat pump market exhibited a notable decline from 2023 to 2024, with a growth rate of -74.36%. The compound annual growth rate (CAGR) for the period 2020-2024 stood at -25.81%. This substantial decrease in imports may be attributed to shifts in demand dynamics or changes in trade policies impacting market stability.
Heat Pump Market: Armenia vs Top 5 Major Economies in 2027 (Asia)
In the Asia region, the Heat Pump market in Armenia is projected to expand at a high growth rate of 12.56% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.
Key Highlights of the Report:
- Armenia Heat Pump Market Outlook
- Market Size of Armenia Heat Pump Market, 2024
- Forecast of Armenia Heat Pump Market, 2031
- Historical Data and Forecast of Armenia Heat Pump Revenues & Volume for the Period 2021-2031
- Armenia Heat Pump Market Trend Evolution
- Armenia Heat Pump Market Drivers and Challenges
- Armenia Heat Pump Price Trends
- Armenia Heat Pump Porter`s Five Forces
- Armenia Heat Pump Industry Life Cycle
- Historical Data and Forecast of Armenia Heat Pump Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Armenia Heat Pump Market Revenues & Volume By Air-to-Air for the Period 2021-2031
- Historical Data and Forecast of Armenia Heat Pump Market Revenues & Volume By Air-to-Water for the Period 2021-2031
- Historical Data and Forecast of Armenia Heat Pump Market Revenues & Volume By Water Source for the Period 2021-2031
- Historical Data and Forecast of Armenia Heat Pump Market Revenues & Volume By Geothermal for the Period 2021-2031
- Historical Data and Forecast of Armenia Heat Pump Market Revenues & Volume By Hybrid for the Period 2021-2031
- Historical Data and Forecast of Armenia Heat Pump Market Revenues & Volume By Refrigerant for the Period 2021-2031
- Historical Data and Forecast of Armenia Heat Pump Market Revenues & Volume By R410A for the Period 2021-2031
- Historical Data and Forecast of Armenia Heat Pump Market Revenues & Volume By R407C for the Period 2021-2031
- Historical Data and Forecast of Armenia Heat Pump Market Revenues & Volume By R744 for the Period 2021-2031
- Historical Data and Forecast of Armenia Heat Pump Market Revenues & Volume By Rated Capacity for the Period 2021-2031
- Historical Data and Forecast of Armenia Heat Pump Market Revenues & Volume By Up to 10 kW for the Period 2021-2031
- Historical Data and Forecast of Armenia Heat Pump Market Revenues & Volume By 10-20 kW for the Period 2021-2031
- Historical Data and Forecast of Armenia Heat Pump Market Revenues & Volume By 20-30 kW for the Period 2021-2031
- Historical Data and Forecast of Armenia Heat Pump Market Revenues & Volume By >30 kW for the Period 2021-2031
- Historical Data and Forecast of Armenia Heat Pump Market Revenues & Volume By End User for the Period 2021-2031
- Historical Data and Forecast of Armenia Heat Pump Market Revenues & Volume By Residential for the Period 2021-2031
- Historical Data and Forecast of Armenia Heat Pump Market Revenues & Volume By Commercial for the Period 2021-2031
- Historical Data and Forecast of Armenia Heat Pump Market Revenues & Volume By Industrial for the Period 2021-2031
- Armenia Heat Pump Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Refrigerant
- Market Opportunity Assessment By Rated Capacity
- Market Opportunity Assessment By End User
- Armenia Heat Pump Top Companies Market Share
- Armenia Heat Pump Competitive Benchmarking By Technical and Operational Parameters
- Armenia Heat Pump Company Profiles
- Armenia Heat Pump Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Armenia Heat Pump Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Armenia Heat Pump Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Armenia Heat Pump Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Heat Pump Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Heat Pump Market - Industry Life Cycle |
3.4 Armenia Heat Pump Market - Porter's Five Forces |
3.5 Armenia Heat Pump Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Armenia Heat Pump Market Revenues & Volume Share, By Refrigerant, 2021 & 2031F |
3.7 Armenia Heat Pump Market Revenues & Volume Share, By Rated Capacity, 2021 & 2031F |
3.8 Armenia Heat Pump Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Armenia Heat Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on energy efficiency and sustainability in Armenia |
4.2.2 Rising awareness about the benefits of heat pumps in reducing carbon emissions |
4.2.3 Government initiatives and policies promoting the adoption of renewable energy technologies |
4.3 Market Restraints |
4.3.1 High initial investment cost of heat pump systems |
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 Armenia Heat Pump Market Trends |
6 Armenia Heat Pump Market Segmentations |
6.1 Armenia Heat Pump Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia Heat Pump Market Revenues & Volume, By Air-to-Air, 2021-2031F |
6.1.3 Armenia Heat Pump Market Revenues & Volume, By Air-to-Water, 2021-2031F |
6.1.4 Armenia Heat Pump Market Revenues & Volume, By Water Source, 2021-2031F |
6.1.5 Armenia Heat Pump Market Revenues & Volume, By Geothermal, 2021-2031F |
6.1.6 Armenia Heat Pump Market Revenues & Volume, By Hybrid, 2021-2031F |
6.2 Armenia Heat Pump Market, By Refrigerant |
6.2.1 Overview and Analysis |
6.2.2 Armenia Heat Pump Market Revenues & Volume, By R410A, 2021-2031F |
6.2.3 Armenia Heat Pump Market Revenues & Volume, By R407C, 2021-2031F |
6.2.4 Armenia Heat Pump Market Revenues & Volume, By R744, 2021-2031F |
6.3 Armenia Heat Pump Market, By Rated Capacity |
6.3.1 Overview and Analysis |
6.3.2 Armenia Heat Pump Market Revenues & Volume, By Up to 10 kW, 2021-2031F |
6.3.3 Armenia Heat Pump Market Revenues & Volume, By 10-20 kW, 2021-2031F |
6.3.4 Armenia Heat Pump Market Revenues & Volume, By 20-30 kW, 2021-2031F |
6.3.5 Armenia Heat Pump Market Revenues & Volume, By >30 kW, 2021-2031F |
6.4 Armenia Heat Pump Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Armenia Heat Pump Market Revenues & Volume, By Residential, 2021-2031F |
6.4.3 Armenia Heat Pump Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.4 Armenia Heat Pump Market Revenues & Volume, By Industrial, 2021-2031F |
7 Armenia Heat Pump Market Import-Export Trade Statistics |
7.1 Armenia Heat Pump Market Export to Major Countries |
7.2 Armenia Heat Pump Market Imports from Major Countries |
8 Armenia Heat Pump Market Key Performance Indicators |
8.1 Percentage increase in the number of residential and commercial buildings using heat pump systems |
8.2 Growth in the number of heat pump manufacturers and suppliers in Armenia |
8.3 Number of government incentives and subsidies implemented to support the adoption of heat pumps |
9 Armenia Heat Pump Market - Opportunity Assessment |
9.1 Armenia Heat Pump Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Armenia Heat Pump Market Opportunity Assessment, By Refrigerant, 2021 & 2031F |
9.3 Armenia Heat Pump Market Opportunity Assessment, By Rated Capacity, 2021 & 2031F |
9.4 Armenia Heat Pump Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Armenia Heat Pump Market - Competitive Landscape |
10.1 Armenia Heat Pump Market Revenue Share, By Companies, 2024 |
10.2 Armenia Heat Pump Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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