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North America Residential Air to Water Heat Pump Market Size
- Report ID: GMI11493
- Published Date: Sep 2024
- Report Format: PDF
North America Residential Air to Water Heat Pump Market Size
North America Residential Air to Water Heat Pump Market was valued USD 900 million in 2023 and is projected to expand at a CAGR of 18.1% from 2024 to 2032, owing to the increasing demand for energy-efficient and dependable hot water and heating systems in residential settings, coupled with a growing emphasis on emission reduction, will complement the industry landscape.
For instance, in February 2024, nine U.S. states signed a memorandum of understanding, aiming to increase heat pump sales and targeting to achieve 65% of residential heat pump sales by 2030. Stringent regulatory mandates and norms toward energy efficiency coupled with encouraging policies by government bodies supporting deployment of heat pumps will accelerate the product deployment.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| North America Residential Air to Water Heat Pump Market Size in 2023: | USD 0.9 Billion |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 18.1% |
| 2024 – 2032 Value Projection: | USD 4.4 Billion |
| Historical Data for: | 2021-2023 |
| No. of Pages: | 75 |
| Tables, Charts & Figures: | 12 |
| Segments covered: | Application, Product and Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
North America Residential Air to Water Heat Pump Market Scope
