North America Will Dominate The Heat Pump Market Projected to Reach $157.8 Billion by 2029

heat pump market
The global Heat Pump Market is expected to reach USD 157.8 billion by 2029 from USD 90.1 billion in 2024 at a CAGR of 11.8% during the 2024-2029 period. The heat pump market in the US witnessed substantial growth owing to the growing adoption of energy-efficient systems, favorable governmental incentives for renewable energy adoption, and the need to reduce carbon emissions. As such, heat pumps are...

Global Energy Perspective 2024: Heat Pump Outlook

Heat Pump Market
The global Heat Pump Market is expected to reach USD 157.8 billion by 2029 from USD 90.1 billion in 2024 at a CAGR of 11.8% during the 2024–2029 period according to a new report by MarketsandMarkets™.  Heat Pump is a more reliable way of heating & cooling on a large scale. The versatile nature of heat pump could enable the transition to a cleaner world and a stronger global economy this...

2024 Outlook: Rising Trends in the Carbon Footprint Management Industry

Implementation of COP27 targets to restrict global warming and an increase in demand for energy consumption by industries are expected to propel the growth of the global carbon footprint management market. Moreover, the swelling demand for energy consumption by industries is also positively impacting the growth of the carbon footprint management market. The global carbon footprint management industry...

Climate Adaptation Market to Reach $40.4 Billion by 2030, Growing at 9.7% CAGR

Climate Adaptation Market
The global Climate Adaptation Market in terms of revenue was estimated to be worth $23.2 billion in 2024 and is poised to reach $40.4 billion by 2030, growing at a CAGR of 9.7% from 2024 to 2030 according to a new report by MarketsandMarkets™. The climate adaptation market is experiencing robust growth due to several new drivers. Firstly, advancements in climate modeling and data analytics...

Heat Pump Market Redefining Heating Solutions in the US

Heat Pump Market
The global heat pump market is expected to grow from an estimated USD 90.1 billion in 2024 to USD 157.8 billion by 2029, at a CAGR of 11.8% during the forecast period. The heat pump market in the US is experiencing significant growth driven by increasing awareness about energy efficiency, government incentives for renewable energy adoption, and the need to reduce carbon emissions. Heat pumps offer...

Direct Air Capture Market worth $1,727 Million by 2030

Direct Air Capture Market
The global Direct Air Capture Market is expected to grow from an estimated USD 62 million in 2023 to USD 1,727 million by 2030, at a CAGR of 60.9% during the 2023–2030 period according to a new report by MarketsandMarkets™.  Direct Air Capture provides a pathway to offset emissions that cannot be entirely eliminated. Direct air capture technology is known for its unique technology...

Carbon Footprint Management Market Trend, Explosive Growth at a CAGR of 22.2%, Opportunity Forecast to 2028

Carbon Footprint Management Market Forecast to 2028 An increase in government initiatives for emissions reduction, increasing demand for energy consumption by industries, and implementation of COP27 targets to limit global warming are the major drivers of the carbon footprint management markets. A general shift toward cloud computing and paperless economy is another factor that would provide opportunities...

Heat Pump Market worth $157.8 Billion by 2029

The global Heat Pump Market is expected to grow from an estimated USD 90.1 billion in 2024 to USD 157.8 billion by 2029, at a CAGR of 11.8% during the forecast period according to a new report by MarketsandMarkets™.  Heat Pump is a more reliable way of heating & cooling on a large scale. The versatile nature of heat pump could enable the transition to a cleaner world...

Carbon Footprint Management Market Top Growing Companies Analysis and Segmentation

The global carbon footprint management market is projected to reach USD 30.8 billion by 2028 from an estimated USD 11.3 billion in 2023, at a CAGR of 22.2% during the forecast period. An increase in government initiatives for emissions reduction, increasing demand for energy consumption by industries, and implementation of COP27 targets to limit global warming are the major drivers of the carbon...

Concentrating Solar Power Market Towards Huge Growth in the Coming Years

The global concentrating solar power market size is estimated to be USD 6.0 Billion in 2022 and is projected to reach USD 19.9 Billion by 2027; it is projected to grow at a CAGR of 26.9% during the forecast period. The key drivers for the concentrating solar power market include environmental concerns over carbon emissions and efforts to reduce air pollution, and integration of CSP in hybrid power...