Heat Pump Market worth $83.5 Billion by 2026
The global heat pump market is expected to grow from USD 53.2 billion in 2021 to USD 83.5 billion by 2026, at a CAGR of 9.5% during the forecast period. The factors driving the growth for heat pump market are the Contribution of heat pump technology to reduce carbon footprint and the Government laws and subsidies to enhance energy efficiency.
Heat pumps extract the ambient heat from the...
Heat Pump Market to Observe Huge Growth in Near Future
The global heat
pump market is expected to grow from USD 53.2 billion in 2021 to USD 83.5
billion by 2026, at a CAGR of 9.5% during the forecast period. The factors
driving the growth for heat pump market are the Contribution of heat pump
technology to reduce carbon footprint and the Government laws and subsidies to
enhance energy efficiency.
Heat pumps extract the ambient heat from
the air and...
Hydrogenics (Canada) and ITM Power (UK) are the Major Player in the Power-to-gas Market
Market Leaders:
The global power-to-gas market is expected to grow from an estimated USD 26 million in 2019 to USD 42 million by 2024, at a CAGR of 10.1% during the forecast period. The growth of this market is driven by the effective utilization of renewable energy resources and integrated management of power and gas networks. In recent years, the increase in the capacity of renewable energy together...
Heat Pump Market expected to Grow $83.5 Billion by 2026
According to the new market research report
“Heat
Pump Market by Type (Air-to-Air, Air-to-Water, Water Source,
Geothermal, Hybrid) Refrigerant (R410A, R407C, R744) Rated Capacity (Up to 10
kW, 10-20 kW, 20-30 kW, >30 kW) End User (Residential, Commercial,
Industrial) Region – Global Forecast to 2026″, published by MarketsandMarkets™,
The global Heat Pump Market is projected...
Heat Pump Market to Grow CAGR of 11.68% to Reach $94.42 Billion by 2023
The
global Heat Pump Market is projected to
reach a market size of USD 94.42 billion by 2023 from an estimated USD 54.34
billion in 2018, growing at a CAGR of 11.68% during the forecast period. In
2018, the market in Asia Pacific is estimated to be the largest for heat pumps,
followed by Europe. This trend is expected to continue until 2023. The heat
pump market is set to witness growth because of...
Fuel Cells Market: Development opportunities accelerate in 2025
The global fuel cells market size is expected to grow from an estimated value of USD 263 million in 2020 to USD 848 million by 2025, at a CAGR of 26.4%, from 2020 to 2025. The market has been analyzed with key focus on advancements in fuel cell technologies such as PEMFC, PAFC, AFC, and MFC. The global market is set to witness significant growth owing to the rising demand for clean energy generation...