| Product Code: ETC5772612 | 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 |
In 2024, Estonia`s heat pump import market continued to see a steady increase, with key exporters being Sweden, China, Germany, Italy, and Metropolitan France. Despite moderate concentration indicated by the HHI, the industry demonstrated a positive compound annual growth rate (CAGR) of 3.69% from 2020 to 2024. However, there was a slight decline in growth from 2023 to 2024, with a rate of -7.78%. This data suggests a dynamic market landscape with potential opportunities for further expansion and diversification in the coming years.

In the Europe region, the Heat Pump market in Estonia is projected to expand at a stable growth rate of 1.85% 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 Estonia Heat Pump Market Overview |
3.1 Estonia Country Macro Economic Indicators |
3.2 Estonia Heat Pump Market Revenues & Volume, 2021 & 2031F |
3.3 Estonia Heat Pump Market - Industry Life Cycle |
3.4 Estonia Heat Pump Market - Porter's Five Forces |
3.5 Estonia Heat Pump Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Estonia Heat Pump Market Revenues & Volume Share, By Refrigerant, 2021 & 2031F |
3.7 Estonia Heat Pump Market Revenues & Volume Share, By Rated Capacity, 2021 & 2031F |
3.8 Estonia Heat Pump Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Estonia Heat Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on energy efficiency and sustainability in buildings |
4.2.2 Government initiatives and regulations promoting the use of renewable energy sources |
4.2.3 Rising awareness among consumers about the benefits of heat pumps |
4.3 Market Restraints |
4.3.1 High initial installation costs of heat pump systems |
4.3.2 Lack of awareness and understanding about heat pump technology among consumers |
4.3.3 Limited availability of skilled professionals for installation and maintenance of heat pumps |
5 Estonia Heat Pump Market Trends |
6 Estonia Heat Pump Market Segmentations |
6.1 Estonia Heat Pump Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Estonia Heat Pump Market Revenues & Volume, By Air-to-Air, 2021-2031F |
6.1.3 Estonia Heat Pump Market Revenues & Volume, By Air-to-Water, 2021-2031F |
6.1.4 Estonia Heat Pump Market Revenues & Volume, By Water Source, 2021-2031F |
6.1.5 Estonia Heat Pump Market Revenues & Volume, By Geothermal, 2021-2031F |
6.1.6 Estonia Heat Pump Market Revenues & Volume, By Hybrid, 2021-2031F |
6.2 Estonia Heat Pump Market, By Refrigerant |
6.2.1 Overview and Analysis |
6.2.2 Estonia Heat Pump Market Revenues & Volume, By R410A, 2021-2031F |
6.2.3 Estonia Heat Pump Market Revenues & Volume, By R407C, 2021-2031F |
6.2.4 Estonia Heat Pump Market Revenues & Volume, By R744, 2021-2031F |
6.3 Estonia Heat Pump Market, By Rated Capacity |
6.3.1 Overview and Analysis |
6.3.2 Estonia Heat Pump Market Revenues & Volume, By Up to 10 kW, 2021-2031F |
6.3.3 Estonia Heat Pump Market Revenues & Volume, By 10-20 kW, 2021-2031F |
6.3.4 Estonia Heat Pump Market Revenues & Volume, By 20-30 kW, 2021-2031F |
6.3.5 Estonia Heat Pump Market Revenues & Volume, By >30 kW, 2021-2031F |
6.4 Estonia Heat Pump Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Estonia Heat Pump Market Revenues & Volume, By Residential, 2021-2031F |
6.4.3 Estonia Heat Pump Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.4 Estonia Heat Pump Market Revenues & Volume, By Industrial, 2021-2031F |
7 Estonia Heat Pump Market Import-Export Trade Statistics |
7.1 Estonia Heat Pump Market Export to Major Countries |
7.2 Estonia Heat Pump Market Imports from Major Countries |
8 Estonia Heat Pump Market Key Performance Indicators |
8.1 Average energy savings achieved by households/businesses using heat pumps |
8.2 Number of government incentives or subsidies provided for heat pump installations |
8.3 Growth in the number of heat pump installations in residential and commercial buildings |
9 Estonia Heat Pump Market - Opportunity Assessment |
9.1 Estonia Heat Pump Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Estonia Heat Pump Market Opportunity Assessment, By Refrigerant, 2021 & 2031F |
9.3 Estonia Heat Pump Market Opportunity Assessment, By Rated Capacity, 2021 & 2031F |
9.4 Estonia Heat Pump Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Estonia Heat Pump Market - Competitive Landscape |
10.1 Estonia Heat Pump Market Revenue Share, By Companies, 2024 |
10.2 Estonia 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.
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