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North America Air Source Heat Pump Compressors Market Size
- Report ID: GMI9964
- Published Date: Jun 2024
- Report Format: PDF
North America Air Source Heat Pump Compressors Market Size
North America Air Source Heat Pump Compressors Market size was evaluated at USD 2.8 billion in 2023 and is set to observe a CAGR of 10% between 2024 and 2032. The paradigm shifts toward consumer preferences toward adoption of energy efficient heat pump systems along with rising demand for reliable and low emission solutions is set to complement the business landscape.
Widespread deployment of beneficial heat pump rebates and incentive programs by respective authorities has accelerated the integration of heat pump units, further shaping the business dynamics. For instance, in February 2024, nine states of U.S. have signed a memorandum of understanding to boost heat pump sales and set target to represent 65% of residential heat pump sales by 2030.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| North America Air Source Heat Pump Compressors Market Size in 2023: | USD 2.8 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 10% |
| 2032 Value Projection: | USD 6.8 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 85 |
| Tables, Charts & Figures: | 33 |
| Segments covered: | Type and Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
North America Air Source Heat Pump Compressors Market Scope
