| Product Code: ETC5772688 | 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 |
The import shipments of heat pumps to Sweden in 2024 show a diverse sourcing landscape, with top exporting countries including Germany, China, Italy, UK, and Denmark. The market appears to be highly competitive, as indicated by the very low Herfindahl-Hirschman Index (HHI) concentration levels in 2024. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) from 2020 to 2024 stands at a healthy 4.57%, showcasing steady expansion in the market over the past few years.
By 2027, Sweden's Heat Pump market is forecasted to achieve a stable growth rate of 3.92%, with Germany leading the Europe region, 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 Sweden Heat Pump Market Overview |
3.1 Sweden Country Macro Economic Indicators |
3.2 Sweden Heat Pump Market Revenues & Volume, 2021 & 2031F |
3.3 Sweden Heat Pump Market - Industry Life Cycle |
3.4 Sweden Heat Pump Market - Porter's Five Forces |
3.5 Sweden Heat Pump Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Sweden Heat Pump Market Revenues & Volume Share, By Refrigerant, 2021 & 2031F |
3.7 Sweden Heat Pump Market Revenues & Volume Share, By Rated Capacity, 2021 & 2031F |
3.8 Sweden Heat Pump Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Sweden Heat Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on renewable energy sources in Sweden |
4.2.2 Government initiatives and subsidies promoting the use of heat pumps |
4.2.3 Growing awareness about energy efficiency and environmental concerns |
4.3 Market Restraints |
4.3.1 High initial installation costs of heat pumps |
4.3.2 Technological limitations in specific geographic areas |
4.3.3 Competition from alternative heating solutions |
5 Sweden Heat Pump Market Trends |
6 Sweden Heat Pump Market Segmentations |
6.1 Sweden Heat Pump Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Sweden Heat Pump Market Revenues & Volume, By Air-to-Air, 2021-2031F |
6.1.3 Sweden Heat Pump Market Revenues & Volume, By Air-to-Water, 2021-2031F |
6.1.4 Sweden Heat Pump Market Revenues & Volume, By Water Source, 2021-2031F |
6.1.5 Sweden Heat Pump Market Revenues & Volume, By Geothermal, 2021-2031F |
6.1.6 Sweden Heat Pump Market Revenues & Volume, By Hybrid, 2021-2031F |
6.2 Sweden Heat Pump Market, By Refrigerant |
6.2.1 Overview and Analysis |
6.2.2 Sweden Heat Pump Market Revenues & Volume, By R410A, 2021-2031F |
6.2.3 Sweden Heat Pump Market Revenues & Volume, By R407C, 2021-2031F |
6.2.4 Sweden Heat Pump Market Revenues & Volume, By R744, 2021-2031F |
6.3 Sweden Heat Pump Market, By Rated Capacity |
6.3.1 Overview and Analysis |
6.3.2 Sweden Heat Pump Market Revenues & Volume, By Up to 10 kW, 2021-2031F |
6.3.3 Sweden Heat Pump Market Revenues & Volume, By 10-20 kW, 2021-2031F |
6.3.4 Sweden Heat Pump Market Revenues & Volume, By 20-30 kW, 2021-2031F |
6.3.5 Sweden Heat Pump Market Revenues & Volume, By >30 kW, 2021-2031F |
6.4 Sweden Heat Pump Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Sweden Heat Pump Market Revenues & Volume, By Residential, 2021-2031F |
6.4.3 Sweden Heat Pump Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.4 Sweden Heat Pump Market Revenues & Volume, By Industrial, 2021-2031F |
7 Sweden Heat Pump Market Import-Export Trade Statistics |
7.1 Sweden Heat Pump Market Export to Major Countries |
7.2 Sweden Heat Pump Market Imports from Major Countries |
8 Sweden Heat Pump Market Key Performance Indicators |
8.1 Number of residential and commercial buildings adopting heat pump technology |
8.2 Energy consumption reduction achieved by heat pump installations |
8.3 Percentage of government funding allocated to heat pump projects |
8.4 Number of heat pump manufacturers entering the Swedish market |
8.5 Growth in the number of skilled professionals trained in heat pump installation and maintenance |
9 Sweden Heat Pump Market - Opportunity Assessment |
9.1 Sweden Heat Pump Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Sweden Heat Pump Market Opportunity Assessment, By Refrigerant, 2021 & 2031F |
9.3 Sweden Heat Pump Market Opportunity Assessment, By Rated Capacity, 2021 & 2031F |
9.4 Sweden Heat Pump Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Sweden Heat Pump Market - Competitive Landscape |
10.1 Sweden Heat Pump Market Revenue Share, By Companies, 2024 |
10.2 Sweden 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.
To discover high-growth global markets and optimize your business strategy:
Click Here