| Product Code: ETC5772618 | Publication Date: Nov 2023 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In the Greece heat pump market, the import trend showed a growth rate of 1.98% from 2023 to 2024, with a compound annual growth rate (CAGR) of 23.95% for the period 2020-2024. This upward import momentum can be attributed to increasing demand for energy-efficient heating solutions in response to environmental sustainability initiatives.

By 2027, the Heat Pump market in Greece is anticipated to reach a growth rate of 2.00%, 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 Greece Heat Pump Market Overview |
3.1 Greece Country Macro Economic Indicators |
3.2 Greece Heat Pump Market Revenues & Volume, 2022 & 2032F |
3.3 Greece Heat Pump Market - Industry Life Cycle |
3.4 Greece Heat Pump Market - Porter's Five Forces |
3.5 Greece Heat Pump Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.6 Greece Heat Pump Market Revenues & Volume Share, By Refrigerant, 2022 & 2032F |
3.7 Greece Heat Pump Market Revenues & Volume Share, By Rated Capacity, 2022 & 2032F |
3.8 Greece Heat Pump Market Revenues & Volume Share, By End User, 2022 & 2032F |
4 Greece Heat Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on renewable energy sources in Greece |
4.2.2 Government incentives and subsidies for energy-efficient solutions |
4.2.3 Growing awareness about environmental sustainability and climate change |
4.3 Market Restraints |
4.3.1 High initial investment cost of heat pump systems |
4.3.2 Lack of consumer awareness and education about heat pump technology |
4.3.3 Limited availability of skilled technicians for installation and maintenance |
5 Greece Heat Pump Market Trends |
6 Greece Heat Pump Market Segmentations |
6.1 Greece Heat Pump Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Greece Heat Pump Market Revenues & Volume, By Air-to-Air, 2022-2032F |
6.1.3 Greece Heat Pump Market Revenues & Volume, By Air-to-Water, 2022-2032F |
6.1.4 Greece Heat Pump Market Revenues & Volume, By Water Source, 2022-2032F |
6.1.5 Greece Heat Pump Market Revenues & Volume, By Geothermal, 2022-2032F |
6.1.6 Greece Heat Pump Market Revenues & Volume, By Hybrid, 2022-2032F |
6.2 Greece Heat Pump Market, By Refrigerant |
6.2.1 Overview and Analysis |
6.2.2 Greece Heat Pump Market Revenues & Volume, By R410A, 2022-2032F |
6.2.3 Greece Heat Pump Market Revenues & Volume, By R407C, 2022-2032F |
6.2.4 Greece Heat Pump Market Revenues & Volume, By R744, 2022-2032F |
6.3 Greece Heat Pump Market, By Rated Capacity |
6.3.1 Overview and Analysis |
6.3.2 Greece Heat Pump Market Revenues & Volume, By Up to 10 kW, 2022-2032F |
6.3.3 Greece Heat Pump Market Revenues & Volume, By 10-20 kW, 2022-2032F |
6.3.4 Greece Heat Pump Market Revenues & Volume, By 20-30 kW, 2022-2032F |
6.3.5 Greece Heat Pump Market Revenues & Volume, By >30 kW, 2022-2032F |
6.4 Greece Heat Pump Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Greece Heat Pump Market Revenues & Volume, By Residential, 2022-2032F |
6.4.3 Greece Heat Pump Market Revenues & Volume, By Commercial, 2022-2032F |
6.4.4 Greece Heat Pump Market Revenues & Volume, By Industrial, 2022-2032F |
7 Greece Heat Pump Market Import-Export Trade Statistics |
7.1 Greece Heat Pump Market Export to Major Countries |
7.2 Greece Heat Pump Market Imports from Major Countries |
8 Greece Heat Pump Market Key Performance Indicators |
8.1 Number of government initiatives promoting renewable energy solutions |
8.2 Percentage increase in energy efficiency standards and regulations |
8.3 Growth in the number of accredited heat pump installers |
8.4 Increase in the number of buildings with heat pump installations |
8.5 Adoption rate of heat pumps in residential and commercial sectors |
9 Greece Heat Pump Market - Opportunity Assessment |
9.1 Greece Heat Pump Market Opportunity Assessment, By Type, 2022 & 2032F |
9.2 Greece Heat Pump Market Opportunity Assessment, By Refrigerant, 2022 & 2032F |
9.3 Greece Heat Pump Market Opportunity Assessment, By Rated Capacity, 2022 & 2032F |
9.4 Greece Heat Pump Market Opportunity Assessment, By End User, 2022 & 2032F |
10 Greece Heat Pump Market - Competitive Landscape |
10.1 Greece Heat Pump Market Revenue Share, By Companies, 2025 |
10.2 Greece 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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