| Product Code: ETC8924568 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, the Republic of North Macedonia continued to see significant imports of cold climate air source heat pumps, with the top exporting countries being the USA, Thailand, China, Malaysia, and Israel. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the compound annual growth rate (CAGR) from 2020 to 2024 was impressive at 20.17%. However, there was a notable decline in growth rate from 2023 to 2024 at -27.38%, suggesting a potential shift in market dynamics or external factors impacting import shipments in the region.

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 Republic of Macedonia Cold Climate Air Source Heat Pump Market Overview |
3.1 Republic of Macedonia Country Macro Economic Indicators |
3.2 Republic of Macedonia Cold Climate Air Source Heat Pump Market Revenues & Volume, 2021 & 2031F |
3.3 Republic of Macedonia Cold Climate Air Source Heat Pump Market - Industry Life Cycle |
3.4 Republic of Macedonia Cold Climate Air Source Heat Pump Market - Porter's Five Forces |
3.5 Republic of Macedonia Cold Climate Air Source Heat Pump Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Republic of Macedonia Cold Climate Air Source Heat Pump Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Republic of Macedonia Cold Climate Air Source Heat Pump Market Revenues & Volume Share, By Operation Type, 2021 & 2031F |
4 Republic of Macedonia Cold Climate Air Source Heat Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and adoption of energy-efficient heating solutions in Macedonia |
4.2.2 Government incentives and policies promoting the use of air source heat pumps |
4.2.3 Growing concerns about environmental sustainability and carbon footprint reduction in the region |
4.3 Market Restraints |
4.3.1 High initial installation costs of air source heat pump systems |
4.3.2 Lack of skilled professionals for installation and maintenance of cold climate air source heat pumps in Macedonia |
4.3.3 Limited availability of financing options for consumers to invest in such systems |
5 Republic of Macedonia Cold Climate Air Source Heat Pump Market Trends |
6 Republic of Macedonia Cold Climate Air Source Heat Pump Market, By Types |
6.1 Republic of Macedonia Cold Climate Air Source Heat Pump Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Republic of Macedonia Cold Climate Air Source Heat Pump Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Republic of Macedonia Cold Climate Air Source Heat Pump Market Revenues & Volume, By Split Systems, 2021- 2031F |
6.1.4 Republic of Macedonia Cold Climate Air Source Heat Pump Market Revenues & Volume, By Single Package Equipment, 2021- 2031F |
6.2 Republic of Macedonia Cold Climate Air Source Heat Pump Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Republic of Macedonia Cold Climate Air Source Heat Pump Market Revenues & Volume, By Residential, 2021- 2031F |
6.2.3 Republic of Macedonia Cold Climate Air Source Heat Pump Market Revenues & Volume, By Commercial, 2021- 2031F |
6.3 Republic of Macedonia Cold Climate Air Source Heat Pump Market, By Operation Type |
6.3.1 Overview and Analysis |
6.3.2 Republic of Macedonia Cold Climate Air Source Heat Pump Market Revenues & Volume, By Electric, 2021- 2031F |
6.3.3 Republic of Macedonia Cold Climate Air Source Heat Pump Market Revenues & Volume, By Hybrid, 2021- 2031F |
7 Republic of Macedonia Cold Climate Air Source Heat Pump Market Import-Export Trade Statistics |
7.1 Republic of Macedonia Cold Climate Air Source Heat Pump Market Export to Major Countries |
7.2 Republic of Macedonia Cold Climate Air Source Heat Pump Market Imports from Major Countries |
8 Republic of Macedonia Cold Climate Air Source Heat Pump Market Key Performance Indicators |
8.1 Average annual energy savings achieved by households using air source heat pumps |
8.2 Number of government initiatives or subsidies supporting the adoption of cold climate air source heat pumps |
8.3 Percentage increase in the number of certified professionals for air source heat pump installation and maintenance |
9 Republic of Macedonia Cold Climate Air Source Heat Pump Market - Opportunity Assessment |
9.1 Republic of Macedonia Cold Climate Air Source Heat Pump Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Republic of Macedonia Cold Climate Air Source Heat Pump Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Republic of Macedonia Cold Climate Air Source Heat Pump Market Opportunity Assessment, By Operation Type, 2021 & 2031F |
10 Republic of Macedonia Cold Climate Air Source Heat Pump Market - Competitive Landscape |
10.1 Republic of Macedonia Cold Climate Air Source Heat Pump Market Revenue Share, By Companies, 2024 |
10.2 Republic of Macedonia Cold Climate Air Source Heat Pump Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |