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...