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16 Dec 2022  |  North America  |  Market Research

Global Residential Heat Pump Growth Opportunities

Technology Strategies Push Heat Pumps to Play a Significant Role in Decarbonizing Heat

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The heat pump industry is now revolutionizing in terms of market uptake and initiatives toward grid decarbonization and wean away from Russian gas imports. Social and policy innovation will boost demand in the UK, Germany, and Ireland; high demand will be seen in France, Italy, and the Nordics and moderately high demand in Benelux, Austria, and Pol...

The global residential heat pump (HP) market is forecast to reach 21.2 million units by 2035, up from 11.4 million in 2025. Market definitions are important to the market forecast, and Frost & Sullivan excludes the sale of HPs for air conditioning. Market revenues are forecast to reach $113.79 billion by 2035, up from $43.86 billion in 2025. In 202...

This study analyzes the global industrial heat pump (IHP) market as it undergoes a structural transition—from standalone decarbonization technologies to integrated energy orchestration assets within industrial systems.Covering the 2025 to 2035 period at a global level, the analysis focuses on electrically driven and heat-activated systems ≥200 kWth...

As organizations around the world continue to look for ways to decarbonize their operations, commercial heat pumps will witness growing adoption. This market is largely driven by government support measures to install, retrofit, and replace heating, ventilation, and air-conditioning (HVAC) systems with efficient heat pump systems. Heat pumps are a ...

04 Dec 2024  |  Global  |  Market Research

Residential Heat Pump Industry, Global, 2024-2035

The Need to Decarbonize Residential Buildings is Driving Transformational Growth

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The global residential heat pump (HP) market is forecast to reach 17.0 million units by 2035, up from 7.6 million in 2024. Market definitions are important to the market forecast, and Frost & Sullivan excludes the sale of HPs for air conditioning. Market revenues are forecast to reach $80.43 billion by 2035, at a CAGR of 8.5% from 2024 to 2035. As ...

The need to decarbonize the industrial economy is becoming ever more important. Much has been achieved so far in the decarbonization of power generation, but progress in the realm of industrial decarbonization has been relatively slow. This is now gradually changing as businesses seek to comply with environmental, social, and governance (ESG) goals...

Dips and sags from power delivery inconsistencies can harm devices, causing inconvenient and expensive consequences. A move towards din rail surge protection devices (SPD) is seen as real estate becomes a critical part of systems. The US din rail SPD market is gaining momentum and shows growth potential, but in the interim it is heavily dominated b...

10 Aug 2015  |  Global  |  Market Research

Global Combined Heat and Power (CHP) Markets

Accelerating Growth from Distributed Generation, Energy Efficiency, and the Need to Reduce Energy Consumption

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The deployment of combined heat and power (CHP) technologies is growing globally, driven by growth in distributed generation, the need for energy efficiency, and the increasing use of government incentives to promote cogeneration. This research service examines the global market in terms of revenue growth, key applications, competitive dynamics, ma...

The research provides an analysis of the North American combined heat and power (CHP) market. It presents a forecast of the CHP market and lists the challenges and opportunities along with the regulatory framework and policies. The study also covers the current state and future potential of CHP in North America. Apart from the technological advance...