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Commercial Heat Pump Water Heater Market Trends

Report ID: GMI11684
Published Date: Oct 2024
Report Format: PDF

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Commercial Heat Pump Water Heater Market Trends

Commercial heat pump water heater industry is anticipated to grow driven by a surging demand for hot water across various sectors and replacement of traditional heating systems. Respective authorities are enforcing stringent energy performance standards for buildings, aiming to reduce carbon footprint along with favorable schemes for adoption of energy efficient systems will complement the industry landscape. Moreover, rapidly increasing construction spending along with rising disposable incomes have led to the adoption of advanced technologies further augmenting the business outlook.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of commercial heat pump water heater was estimated at USD 571.1 million in 2023 and is set to attain 13% CAGR from 2024 to 2032, owing to the growing demand for efficient hot water solutions.

The healthcare facilities segment in the commercial heat pump water heater market is likely to exceed USD 300 million by 2032, due to rising construction of new government buildings.

U.S. commercial heat pump water heater market is set to cross to cross over USD 220 million by 2032, backed by the introduction of advanced technologies to improve energy efficiency.

A.O. Smith, AIROSD, Ariston, Colmac, Daikin, Guangteng, Lochinvar, Lync, Mikee, Nyle, Rheem, Sprsun, State Industries, Vaughn, and Venus.