According to new analysis from the Energy and Climate Intelligence Unit (ECIU), this could cost the UK a total of £1.3bn in lost exports between 2030 and 2050.

In January, the government’s net zero review concluded that no new homes should be built with a gas boiler from 2025. It also proposed a 10-year plan to ensure heat pumps become more widespread throughout the UK.

But Michael Gove, who is the secretary of state for levelling up, has expressed doubts that the UK will make the shift over to heat pumps anytime soon due to the ongoing cost of living crisis.

Nevertheless, a previous ECIU analysis found that domestic gas use in the UK would have been significantly lower last winter if it had kept pace with Europe on heat pump installations.

In 2022, the UK exported around £85m worth of central heating boilers and their parts, according to UN trade data. Of the total exports, over three-quarters (77 per cent, £65m) went to countries that have target phase...