| Product Code: ETC5772604 | 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 |
The Cyprus heat pump import market saw a significant increase in concentration in 2024, with Italy, China, Germany, Greece, and Japan emerging as the top exporting countries. The industry exhibited strong growth with a CAGR of 16.6% from 2020 to 2024, and a notable growth rate of 4.78% from 2023 to 2024. This shift in market dynamics suggests a growing preference for heat pumps in Cyprus, as well as intensified competition among key players in the global market.

In the Europe region, the Heat Pump market in Cyprus is projected to expand at a stable growth rate of 1.95% 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 Cyprus Heat Pump Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Heat Pump Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Heat Pump Market - Industry Life Cycle |
3.4 Cyprus Heat Pump Market - Porter's Five Forces |
3.5 Cyprus Heat Pump Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cyprus Heat Pump Market Revenues & Volume Share, By Refrigerant, 2021 & 2031F |
3.7 Cyprus Heat Pump Market Revenues & Volume Share, By Rated Capacity, 2021 & 2031F |
3.8 Cyprus Heat Pump Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Cyprus Heat Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Heat Pump Market Trends |
6 Cyprus Heat Pump Market Segmentations |
6.1 Cyprus Heat Pump Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Heat Pump Market Revenues & Volume, By Air-to-Air, 2021-2031F |
6.1.3 Cyprus Heat Pump Market Revenues & Volume, By Air-to-Water, 2021-2031F |
6.1.4 Cyprus Heat Pump Market Revenues & Volume, By Water Source, 2021-2031F |
6.1.5 Cyprus Heat Pump Market Revenues & Volume, By Geothermal, 2021-2031F |
6.1.6 Cyprus Heat Pump Market Revenues & Volume, By Hybrid, 2021-2031F |
6.2 Cyprus Heat Pump Market, By Refrigerant |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Heat Pump Market Revenues & Volume, By R410A, 2021-2031F |
6.2.3 Cyprus Heat Pump Market Revenues & Volume, By R407C, 2021-2031F |
6.2.4 Cyprus Heat Pump Market Revenues & Volume, By R744, 2021-2031F |
6.3 Cyprus Heat Pump Market, By Rated Capacity |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Heat Pump Market Revenues & Volume, By Up to 10 kW, 2021-2031F |
6.3.3 Cyprus Heat Pump Market Revenues & Volume, By 10-20 kW, 2021-2031F |
6.3.4 Cyprus Heat Pump Market Revenues & Volume, By 20-30 kW, 2021-2031F |
6.3.5 Cyprus Heat Pump Market Revenues & Volume, By >30 kW, 2021-2031F |
6.4 Cyprus Heat Pump Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Cyprus Heat Pump Market Revenues & Volume, By Residential, 2021-2031F |
6.4.3 Cyprus Heat Pump Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.4 Cyprus Heat Pump Market Revenues & Volume, By Industrial, 2021-2031F |
7 Cyprus Heat Pump Market Import-Export Trade Statistics |
7.1 Cyprus Heat Pump Market Export to Major Countries |
7.2 Cyprus Heat Pump Market Imports from Major Countries |
8 Cyprus Heat Pump Market Key Performance Indicators |
9 Cyprus Heat Pump Market - Opportunity Assessment |
9.1 Cyprus Heat Pump Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cyprus Heat Pump Market Opportunity Assessment, By Refrigerant, 2021 & 2031F |
9.3 Cyprus Heat Pump Market Opportunity Assessment, By Rated Capacity, 2021 & 2031F |
9.4 Cyprus Heat Pump Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Cyprus Heat Pump Market - Competitive Landscape |
10.1 Cyprus Heat Pump Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Heat Pump Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here