The global energy transition has entered a deep-water zone. The latest "Energy Technology Outlook 2026" released by the International Energy Agency clearly states that heat pumps are the core technology for achieving building electrification and decarbonization, and their application in the industrial sector is also accelerating. In 2026, facing increasingly severe climate challenges and continuously fluctuating energy prices, heat pump technology is shifting from an "energy-saving option" to a "decarbonization necessity".
According to the latest report from a market research institution, the global heat pump market was valued at approximately $83.66 billion in 2025 and is expected to reach $143.23 billion by 2031, with a compound annual growth rate of 9.38%. The heat pump market is in a strong growth channel.
As a professional enterprise specializing in the research, development, production and export of air source heat pump and ground source heat pump, Foshan Suoher Electrical Appliance Co., Ltd. takes advantage of the well-developed HVAC industry cluster in Shunde, Foshan. Its products are sold to over 100 countries and regions including Europe, North America, Southeast Asia and Australia, providing high-efficiency, certified cold, heat and hot water heat pump complete solutions for residential buildings, commercial buildings and industrial sites worldwide.
Technical Focus - Air Source and Ground Source Heat Pump
There are various heat pump technologies. Among them, air source heat pump (ASHP) and ground source heat pump (GSHP) are the two types with the largest market demand at present.
Air source heat pump: Market leader
Air source heat pump have taken the largest share of the market due to their convenient installation and relatively low initial cost. According to the data, in 2025, air source heat pumps accounted for as high as 73.12% of the global heat pump market. These products are particularly suitable for renovation projects of existing buildings and are the mainstream choice in the European residential market.
Ground Source Heat Pump: A Stable and Efficient Growth Engine
Ground source heat pump take advantage of the constant temperature characteristics of the underground. Although they have a higher initial installation cost compared to air source products, they have higher operating efficiency and longer lifespan. The energy efficiency ratio (COP) stability of ground source heat pump can remain above 4.0, making them an ideal choice for high-end residential and commercial projects.
Four Core Growth Drivers of the Global Heat Pump Indusdry
• The implementation of mandatory regulations and subsidy incentives.
The new ecological design and energy labeling regulations in the EU continue to tighten, and the US has introduced tax incentives for heat pump installations. Many countries have gradually phased out high-carbon fossil heating equipment.
• The demand for energy security is continuously increasing.
Countries are gradually reducing their reliance on imported natural gas and fuel. Heat pump, as independently controllable clean heating and cooling devices, have become an important choice for ensuring regional energy independence.
• The technical maturity has significantly improved.
The new generation of heat pump has achieved stable operation at -25℃. Combined with variable frequency intelligent control and low environmental-friendly refrigerant technology, it has completely solved the operational shortcomings in extremely cold regions during winter.
• The economic advantages throughout the entire life cycle are prominent.
Heat pump have low operating energy consumption, and the investment recovery period is generally within 3-5 years. Especially, ground source heat pump can have a lifespan of over 50 years, and the long-term usage cost is much lower than that of traditional HVAC equipment.
The Core Competitiveness of "Foshan Manufacturing"
For overseas buyers, supply chain stability and product compliance certifications are the core considerations in the purchasing decisions.
Chinese heat pump manufacturers have structural advantages in this regard. According to IEA data, the current global heat pump manufacturing capacity is approximately 145 GW, of which China accounts for 35%, ranking first globally, surpassing the United States (25%) and the European Union (20%). This production capacity advantage stems from China's complete component supply chain system, large-scale production capacity, and continuous improvement in automation levels.
IEA analysis shows that the manufacturing cost of heat pumps in China is significantly lower than that in Japan (about 40%) and Europe (about 60%). At the same time, the compliance requirements for heat pump products in overseas markets are becoming increasingly strict. The EU's fluorine gas act is driving the industry to transition to low GWP (global warming potential) environmentally friendly refrigerants, and the application of natural refrigerants such as R290 (propane) and R32 has become a trend.
Foshan Suoher: Building a Global Reliable Heat Pump Supplier
Foshan Suoher Electric Appliances is rooted in Shunde, Foshan, and has been concentrating on the research and development, production, and export of heat pumps for a long time. Its product line includes air source heat pump, DC inverter heat pump, ground source heat pumps, and swimming pool heat pump, which can meet the differentiated demands of different regional markets.
The company's core advantages focus on three points:
• It masters the core technology of ultra-low temperature inverter heat pump, and the equipment can operate stably in extremely cold environments;
• All series of products are compliant with international authoritative certifications, passing the ErP directive certification and TUV South Germany inspection reports;
• It supports product customization and engineering solution support, and can provide one-stop cold and warm heat pump solutions for overseas distributors and engineering customers. The products have been implemented in residential, commercial and industrial projects in over 100 countries around the world.
Conclusion
In the global decarbonization process, heat pump play an irreplaceable role. As a participant and driver of this industrial transformation, Foshan Suoher Electrical Appliance Co., Ltd. adheres to the technical philosophy of "practicality and truthfulness", takes compliance certification as the foundation, and is customer-oriented, striving to become the most reliable manufacturing base for global partners.
In the foreseeable future, with the introduction of intelligent technologies and the continuous iteration of extreme climate adaptive products, China's heat pump manufacturing capabilities will play an even more significant role in the global energy transition.