Commercial Heat Pump Market Outlook:
Commercial Heat Pump Market size was valued at USD 15.8 billion in 2025 and is expected to reach USD 45.68 billion by 2035, expanding at around 11.2% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of commercial heat pump is evaluated at USD 17.39 billion.
Heat pumps are mechanical-compression cycle refrigeration systems that can heat or chill. It is widely utilized as heating and cooling solutions. It has an indoor air handler and an outdoor heat pump that works like a central air conditioner. A compressor in the outdoor unit circulates refrigerant, which absorbs and releases heat between inside and outside units.
The commercial heat pump market is predicted to grow as population growth increases heating and cooling needs. With its largely decarbonized electricity grid, France continues to be the EU’s volume leader, with about 4.25 million heat pumps installed. Finland, pulling ahead of Norway and Sweden, enjoyed the largest growth figures in relative numbers. For every 1000 households, 70 Finnish families purchased a heat pump in 2022.
