Heat Pump Water Heater Market Size to Grow $10.2 billion by 2028
According to a research report “Heat Pump Water Heater Market by Type (Air-to-Air, Air-to-Water, Water Source, Geothermal, Hybrid), Storage Tank (Up to 500 L, 500-1,000 L, Above 1,000 L), Refrigerant Type (R410A, R407C, R744), Rated Capacity, End User Region – Global Forecast to 2028″ published by MarketsandMarkets, the global heat pump water heater market is projected to reach USD...
Heat Pump Water Heater Market: Opportunity by the Numbers
The global heat pump water heater market size is projected to reach USD 2.1 billion by 2026 from an estimated value of USD 1.4 billion in 2020, at a CAGR of 6.8%. Factors driving the growth of the heat pump water heater market include the energy efficient technology along with the usage of non conventional sources of energy to heat the water. In addition, supportive regulations and grants for...