Stop calling them 'Heat Pumps'

U.S. Residential Heat Pump Industry is poised to record around 5% CAGR between 2021 and 2030 driven by stringent government regulations to deploy energy efficient heating systems.

Europe Heat Pump Industry set to register over 8% CAGR between 2020 and 2026, propelled by ongoing government initiatives towards raising the adoption of clean and sustainable heating technologies.

Sweden's heat pump market will witness high growth during the forecast period, on account of the introduction of net zero emissions building norms, coupled with the increasing demand for sustainable H&C units.