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U.S. Heat Pump Market Share

Report ID: GMI5840
Published Date: May 2023
Report Format: PDF

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U.S. Heat Pump Market Share

Leading companies across the U.S. heat pump market include including

Bosch Thermotechnology Corp.
Vaillant Group
FUJITSU GENERAL
Panasonic Corporation of North America
DAIKIN INDUSTRIES Ltd.
Carrier
SAMSUNG
Trane
Danfoss
Bard HVAC
Rheem Manufacturing Company
LG Electronics U.S.A., Inc.
Johnson Controls
Lennox International Inc.
American Standard Heating and Air Conditioning

Major players in the heat pump business are focused on forming strategic alliances and partnerships to strengthen their market presence and increase their competitive edge over the others. Moreover, the expansion of manufacturing facilities coupled with the introduction of new & advanced product portfolios will further support in augmenting the product penetration across the country.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size for heat pump in the U.S. was over USD 13.6 Billion in 2023 and will grow at a rate of over 8.9% by 2032, says this GMI report.

The commercial application segment will observe a growth rate of over 8% till 2032, due to ongoing implementation of green building requirements and government initiatives to increase foreign investment.

Implementation of regulations for the development of green building infrastructure and shifting focus to limit fossil fuel utilization will augment the U.S. market size.

Bosch Thermotechnology Corp., Panasonic Corporation of North America, Vaillant Group, FUJITSU GENERAL, DAIKIN INDUSTRIES Ltd., Trane, Danfoss, Bard HVAC, Carrier, SAMSUNG, Rheem Manufacturing Company, LG Electronics U.S.A., Inc., and Johnson Controls.