| Product Code: ETC4659600 | Publication Date: Nov 2023 | Updated Date: Apr 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The import shipments of heat pumps in New Zealand saw significant growth in 2024, with top exporting countries being China, Japan, Denmark, Italy, and Germany. The high concentration of the Herfindahl-Hirschman Index (HHI) indicates a competitive market. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 26.21%, with a notable growth rate of 12.18% in 2023-24. This data suggests a strong demand for heat pumps in New Zealand, driven by technological advancements and increasing awareness of energy efficiency.

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 New Zealand Heat Pumps Market Overview |
3.1 New Zealand Country Macro Economic Indicators |
3.2 New Zealand Heat Pumps Market Revenues & Volume, 2022 & 2032F |
3.3 New Zealand Heat Pumps Market - Industry Life Cycle |
3.4 New Zealand Heat Pumps Market - Porter's Five Forces |
3.5 New Zealand Heat Pumps Market Revenues & Volume Share, By Rated Capacity, 2022 & 2032F |
3.6 New Zealand Heat Pumps Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.7 New Zealand Heat Pumps Market Revenues & Volume Share, By End-User, 2022 & 2032F |
4 New Zealand Heat Pumps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on energy efficiency and sustainability in New Zealand |
4.2.2 Government initiatives promoting the adoption of renewable energy sources |
4.2.3 Growing awareness among consumers about the benefits of heat pumps |
4.3 Market Restraints |
4.3.1 High initial cost of purchasing and installing heat pumps |
4.3.2 Lack of consumer awareness about different types and benefits of heat pumps |
4.3.3 Competition from alternative heating technologies |
5 New Zealand Heat Pumps Market Trends |
6 New Zealand Heat Pumps Market Segmentations |
6.1 New Zealand Heat Pumps Market, By Rated Capacity |
6.1.1 Overview and Analysis |
6.1.2 New Zealand Heat Pumps Market Revenues & Volume, By Up to 10 kW, 2022 - 2032F |
6.1.3 New Zealand Heat Pumps Market Revenues & Volume, By 10? ??20 kW, 2022 - 2032F |
6.1.4 New Zealand Heat Pumps Market Revenues & Volume, By 20? ??30 kW, 2022 - 2032F |
6.1.5 New Zealand Heat Pumps Market Revenues & Volume, By Above 30 kW, 2022 - 2032F |
6.2 New Zealand Heat Pumps Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 New Zealand Heat Pumps Market Revenues & Volume, By Air-to-Air, 2022 - 2032F |
6.2.3 New Zealand Heat Pumps Market Revenues & Volume, By Air-to-Water, 2022 - 2032F |
6.3 New Zealand Heat Pumps Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 New Zealand Heat Pumps Market Revenues & Volume, By Residential, 2022 - 2032F |
6.3.3 New Zealand Heat Pumps Market Revenues & Volume, By Commercial, 2022 - 2032F |
6.3.4 New Zealand Heat Pumps Market Revenues & Volume, By Hospitality, 2022 - 2032F |
6.3.5 New Zealand Heat Pumps Market Revenues & Volume, By Retail, 2022 - 2032F |
6.3.6 New Zealand Heat Pumps Market Revenues & Volume, By Education, 2022 - 2032F |
6.3.7 New Zealand Heat Pumps Market Revenues & Volume, By Industrial, 2022 - 2032F |
7 New Zealand Heat Pumps Market Import-Export Trade Statistics |
7.1 New Zealand Heat Pumps Market Export to Major Countries |
7.2 New Zealand Heat Pumps Market Imports from Major Countries |
8 New Zealand Heat Pumps Market Key Performance Indicators |
8.1 Number of government incentives or subsidies available for heat pump installations |
8.2 Percentage of households using heat pumps as a primary heating source |
8.3 Growth rate of energy-efficient home construction in New Zealand |
9 New Zealand Heat Pumps Market - Opportunity Assessment |
9.1 New Zealand Heat Pumps Market Opportunity Assessment, By Rated Capacity, 2022 & 2032F |
9.2 New Zealand Heat Pumps Market Opportunity Assessment, By Type, 2022 & 2032F |
9.3 New Zealand Heat Pumps Market Opportunity Assessment, By End-User, 2022 & 2032F |
10 New Zealand Heat Pumps Market - Competitive Landscape |
10.1 New Zealand Heat Pumps Market Revenue Share, By Companies, 2025 |
10.2 New Zealand 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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