| Product Code: ETC4659546 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Cyprus saw an increase in heat pump import shipments, with top exporting countries being China, Italy, Japan, Greece, and Malta. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), rose from moderate to high in 2024, indicating a more consolidated market. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period 2020-2024 remained strong at 20.89%. This data suggests a competitive landscape in the Cyprus heat pump market with significant contributions from key exporting countries.

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 Pumps Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Heat Pumps Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Heat Pumps Market - Industry Life Cycle |
3.4 Cyprus Heat Pumps Market - Porter's Five Forces |
3.5 Cyprus Heat Pumps Market Revenues & Volume Share, By Rated Capacity, 2021 & 2031F |
3.6 Cyprus Heat Pumps Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Cyprus Heat Pumps Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Cyprus Heat Pumps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Heat Pumps Market Trends |
6 Cyprus Heat Pumps Market Segmentations |
6.1 Cyprus Heat Pumps Market, By Rated Capacity |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Heat Pumps Market Revenues & Volume, By Up to 10 kW, 2021-2031F |
6.1.3 Cyprus Heat Pumps Market Revenues & Volume, By 10? ??20 kW, 2021-2031F |
6.1.4 Cyprus Heat Pumps Market Revenues & Volume, By 20? ??30 kW, 2021-2031F |
6.1.5 Cyprus Heat Pumps Market Revenues & Volume, By Above 30 kW, 2021-2031F |
6.2 Cyprus Heat Pumps Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Heat Pumps Market Revenues & Volume, By Air-to-Air, 2021-2031F |
6.2.3 Cyprus Heat Pumps Market Revenues & Volume, By Air-to-Water, 2021-2031F |
6.3 Cyprus Heat Pumps Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Heat Pumps Market Revenues & Volume, By Residential, 2021-2031F |
6.3.3 Cyprus Heat Pumps Market Revenues & Volume, By Commercial, 2021-2031F |
6.3.4 Cyprus Heat Pumps Market Revenues & Volume, By Hospitality, 2021-2031F |
6.3.5 Cyprus Heat Pumps Market Revenues & Volume, By Retail, 2021-2031F |
6.3.6 Cyprus Heat Pumps Market Revenues & Volume, By Education, 2021-2031F |
6.3.7 Cyprus Heat Pumps Market Revenues & Volume, By Industrial, 2021-2031F |
7 Cyprus Heat Pumps Market Import-Export Trade Statistics |
7.1 Cyprus Heat Pumps Market Export to Major Countries |
7.2 Cyprus Heat Pumps Market Imports from Major Countries |
8 Cyprus Heat Pumps Market Key Performance Indicators |
9 Cyprus Heat Pumps Market - Opportunity Assessment |
9.1 Cyprus Heat Pumps Market Opportunity Assessment, By Rated Capacity, 2021 & 2031F |
9.2 Cyprus Heat Pumps Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Cyprus Heat Pumps Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Cyprus Heat Pumps Market - Competitive Landscape |
10.1 Cyprus Heat Pumps Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Heat Pumps 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.
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