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Domestic sales value of heat pumps in China from 2021 to 2023, by channel (in billion yuan)

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Sources

Release date

August 2024

Region

China

Survey time period

2023

Supplementary notes

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

Citation formats

Domestic sales value of heat pumps in China 2021-2023, by channel

Published by ÌÇÐÄÆƽâ°æ Research Department, Jun 6, 2025

In 2023, the domestic sales value of heat pumps in China amounted to over *** billion yuan, with the largest share being sold through * A "coal to electricity" heat pump describes a system that uses electricity generated from coal to power a heat pump. The pump transfers heat from a lower temperature source to a higher temperature destination. This system is part of a broader trend where countries like China are shifting away from coal-fired boilers towards electric space heaters, including air source heat pumps.

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