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Commercial Heat Pump Market Size
- Report ID: GMI5956
- Published Date: Aug 2024
- Report Format: PDF
Commercial Heat Pump Market Size
Commercial Heat Pump Market was valued at USD 13.9 billion in 2023 and is projected to attain a CAGR of 13.2% from 2024 to 2032, on account of a heightened awareness regarding the environmental impact of traditional heating & cooling systems, escalating energy costs, and government mandates emphasizing energy efficiency and carbon reduction.
For instance, in April 2024, the U.S. DOE launched new additions to the Better Buildings Commercial Building Heat Pump Accelerator program propelling manufacturers to introduce cost-effective HP rooftop units for commercial establishments. Moreover, rising demand for energy-efficient HVAC solutions in commercial settings along with the operational advantages, enhanced reliability, and high efficiency of these systems will sway the industry landscape.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Commercial Heat Pump Market Size in 2023: | USD 13.9 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 13.2% |
| 2032 Value Projection: | USD 42.3 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 110 |
| Tables, Charts & Figures: | 40 |
| Segments covered: | Product, Application, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Commercial Heat Pump Market Scope
