Heat Pump Market 2030: How Cold Climates Are Catching Up

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2025-12-09 09:47:56 -

The global heat pump market was valued at USD 86.5 billion in 2024 and is projected to reach USD 148.0 billion by 2030, expanding at a CAGR of 9.5% from 2025 to 2030. Several factors are contributing to this strong growth, with rising emphasis on energy efficiency and sustainability being key drivers. Heat pumps, which use renewable energy sources such as air, water, or ground for...

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