COMPETITIVE LANDSCAPE
Leading companies maintain dominance through strategic moves
Heat pumps in Spain remains moderately concentrated, with the top three companies holding significant shares. In 2025, Daikin AC Spain SA led with a 16% retail volume share, followed by Mitsubishi Electric España SA with 13%, with both players maintaining their positions with minimal fluctuations.
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Overview:
Understand the latest market trends and future growth opportunities for the Heat Pumps industry in Spain with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Heat Pumps industry in Spain, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Heat Pumps in Spain report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Heat Pumps in Spain?
- Which are the leading brands in Spain?
- How are products distributed in Spain?
- To what extent has COVID-19 and accordant macroeconomic and retail disruption impacted demand?
- How are considerations such as urban development and the rise in single-person households determining sales growth?
- Where is future growth expected to be most dynamic?
Heat Pumps in Spain - Category analysis
KEY DATA FINDINGS
Housing development surge and government initiatives boost heat pump sales
Surge in heat pump sales driven by government support for sustainability
Innovation leads to advancements in customisable temperature regulation systems
Panasonic exemplifies AI-driven innovation in sustainable HVAC technology
EU initiatives will continue to support energy-efficient heat pump upgrades
Air source heat pumps set to remain dominant, while innovation is set to drive growth
Heat pumps expected to fundamentally reshape Spain’s residential landscape
Leading companies maintain dominance through strategic moves
Installer-distributor network drives sales and support
Nido exemplifies sustainability in heat pumps
Consumer Appliances in Spain - Industry Overview
Housing market rebound and home renovations boost consumer appliances sales
Housing rebound and demand for energy-efficient products boost appliance sales
Home laundry appliances experiences strong growth, while Electrolux exemplifies AI innovation
Bosch drives sustainability with AI-powered climate control
Manufacturers are expected to prioritise sustainability and energy efficiency
Heat pumps set to experience strong growth, driven by energy efficiency and AI integration
Premiumisation is set to drive sales in small appliances
While major players retail their lead, challengers gain traction
Direct-to-consumer strategies and innovation shape landscape
Offline retailers remain dominant despite e-commerce growth
COUNTRY REPORTS DISCLAIMER
The following categories and subcategories are included:
Heat Pumps
- Air to Water Heat Pumps
- Ground Source Heat Pumps
- Other Heat Pumps
Heat Pumps
Includes Air to Water Heat Pumps, Ground Source Heat Pumps and Other Heat Pumps.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Heat Pumps research and analysis database.
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