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Foams are cellular materials consisting of a gas phase dispersed in a solid matrix. The focus of this report is on polymer foams, in which the solid matrix is a plastic, which might either be a thermoplastic or a thermosetting material. This report analyzes the market for polymer foams by classifying it based on their application, which mainly incl...

The role of catalysts in renewable energy generation, such as solar-to-energy, green hydrogen, power-to-X, and waste-to-fuel, is focused primarily towards increasing the efficiency rates while reducing heat loss. In solar energy generated through solar panels, catalysts help enhance the energy being absorbed and transported across the solar panels....

This issue of High-Tech Materials Technology Opportunity Engine (TOE) profiles significant high-tech materials (HTM) advancements for various enhanced industrial applications. The featured innovations include Valorization of Bio-Wastes for Sustainable Tire Formulations, Biodegradable Polymers for Injectable Drug Delivery Implants, CRISPR-Optimized ...

Reversible solid oxide cells (rSOCs) are emerging as a promising technology for flexible energy conversion, long-duration energy storage, and renewable energy integration. By enabling bidirectional conversion between electricity and hydrogen within a single system, rSOCs address key challenges associated with renewable intermittency, grid flexibili...

The digital grid maintenance market is undergoing a period of further integration and technological changes. This study provides an overview of the aspects of software-enabled digital grid maintenance. The market, like many others, is not insulated from the effects of the COVID-19 pandemic. However, while the COVID-19 pandemic initially contributed...

Fears of a global recession have been compounding in the recent past, with emerging signs of weakness in economic growth and other high-frequency parameters. The Russo-Ukrainian war has weakened global economic sentiment, with aggressive central bank interest rate hikes to curtail inflation also fueling recessionary fears. To provide decision-ma...

This study explores market trends in grid interactive buildings (GIBs), focusing on technologies that enable dynamic energy management and support grid stability. It excludes traditional building management systems that lack grid interactivity, as well as passive upgrades such as insulation or envelope improvements. Revenue forecasts and competitor...

This edition of the Industrial Bioprocessing TOE features information on the deployment of entrained-flow and circulating fluidized bed gasification processes for the conversion of various waste feedstock into gaseous fuel. The TOE covers innovations based on automated indoor farms and agricultural robots for high-yield crop production and weed rem...

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 ...