Heat Pump Market Expected to Exceed $201.5 Billion Globally by 2032
Monday, 11 March 2024, 13:46
Global Heat Pump Market Forecast
The global heat pump market is expected to reach $201.5 billion by 2032, representing a compound annual growth rate of 11.1%. The availability of infrastructure to support heat pump deployment, such as distribution networks for electricity or renewable energy sources like solar and wind power, plays a crucial role in driving growth and ensuring reliable and sustainable operation.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.