Strong policy support essential for heat pump growth

Frost & Sullivan says the future of the global heat pump market hinges on clear policies and supportive regulations, following a growth slowdown in recent years. The global heat pump market is facing a slowdown amid economic and political uncertainty, according to analysis from Frost & Sullivan. The US-based consulting firm's said the global residential heat pump market will likely grow from 7. 59 million units in 2024 to 17 million units by 2035, with revenues reaching $80. 42 billion. However, it said that after strong momentum earlier in the decade, growth in the heat pump market stalled in ...

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