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North America Variable Speed Heat Pump Market Trends

Report ID: GMI11544
Published Date: Sep 2024
Report Format: PDF

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North America Variable Speed Heat Pump Market Trends

North America variable speed heat pump industry is witnessing substantial expansion, propelled by an intensified emphasis on energy conservation and environmental responsibility. Additionally, ongoing technological advancements to boost the operational capabilities of HP units integrating smart home technologies and reduced operational expenses across different climatic conditions will further proliferate the industry size. As a part of the challenge, the company tested its three variable speed HP units that registered reliable operations with 100% capacity at 0 ºF along with field operations up to -13 ºF and -23 ºF in Carrier labs.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

North America market for variable speed heat pump was worth over USD 9 billion in 2023 and is projected to experience 8.4% CAGR through 2032, driven by rising energy demand, and swift urbanization.

The residential segment in the North America variable speed heat pump market is expected to cross USD 11 billion by 2032, driven by the increasing adoption of sustainable heating and cooling systems.

U.S. variable speed heat pump market is anticipated to surpass USD 17.9 billion by 2032, driven by energy efficiency regulations.

American Standard, Bosch, Carrier, Daikin, Fujitsu, GE Appliances, Hayward Industries, Johnson Controls, Lennox International, and Mitsubishi Electric.