Heat Pump Market According to Future Market Insights (FMI), the global heat pump market size reached USD 46.8 billion in 2023. Over the forecast period, the market is expected to grow at a Compound Annual Growth Rate (CAGR) of 10.2%, increasing from USD 51.6 billion in 2024 to USD 136.2 billion by 2034. The heat …
Tag Archives: Heavy Duty Heat Pump Market
Heavy Duty Heat Pump Market 2022 | Present Scenario and Growth Prospects 2026-FMI
Demand for heavy duty heat pumps was moderate in 2020 due to COVID scenario. However, considering the possibility of a stimulus in many countries, the long-term outlook on the market remains positive. The report estimates the global heavy duty heat pump market to grow at nearly 2.9% during 2021-2031. The report offers analysis in 20+ high-growth markets, …
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