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Overall sales value of air-source heat pumps in China from 2019 to 2023 (in billion yuan)

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Sources

Release date

December 2024

Region

China

Survey time period

2019 to 2023

Supplementary notes

One yuan equals 0.14 U.S. dollars and 0.12 euros (as of May 2025).

Citation formats

Overall sales value of air-source heat pumps in China 2019-2023

Published by ÌÇÐÄÆƽâ°æ Research Department, Jun 5, 2025

In 2023, the overall sales value of heat pumps in China amounted to ** billion yuan, a ** percent increase compared to the previous year. The domestic market profits from government schemes that incentivize the exchange of coal-based power sources.

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