![North America Residential Heat Pump Market](https://res.cloudinary.com/devmoveo/image/upload/v1701160999/skyquest/gallery/North-America-Residential-Heat-Pump-Market.jpg)
Report ID: SQMIR20G2053
Report ID:
SQMIR20G2053 |
Region:
Regional |
Published Date: February, 2024
Pages:
157
|
Tables:
92 |
Figures:
76
North America Residential Heat Pump Market size was valued at USD 7.3 billion in 2022 and is poised to grow from USD 7.9 billion in 2023 to USD 13.18 billion by 2031, growing at a CAGR of 9% in the forecast period (2024-2031).
In recent years, the North America residential heat pump market has been changing demands due to their versatility in both heating and cooling applications, and has gained popularity among homeowners seeking energy-efficient solutions. The market is driven by factors such as increasing awareness of energy efficiency, rising concerns about environmental sustainability, and government initiatives promoting the adoption of green technologies.
Additionally, the push towards reducing carbon emissions and achieving energy conservation goals has contributed to the market expansion. The residential sector, characterized by a growing demand for sustainable and cost-effective heating and cooling solutions, provides a favorable environment for heat pump adoption.
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Report ID: SQMIR20G2053