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Heat Pump Coils Market Size
- Report ID: GMI8138
- Published Date: Feb 2024
- Report Format: PDF
Heat Pump Coils Market Size
Heat Pump Coils Market was valued at USD 4.2 billion in 2023 and is poised to witness around 12.8% CAGR between 2024 and 2032. The implementation of favorable initiatives for integrating sustainable systems coupled with increased investments in the construction of modern buildings will enhance the business outlook.
For instance, in January 2023, the U.S. government has introduced an initiative worth USD 4.5 billion called High-Efficiency Electric Homes and Rebates Act to bolster home electrification programs, with primary emphasis on assisting low- and moderate-income households to avail rebates of about USD 8,000 for implementing HP systems. Moreover, coils are an integral component of a heat pump system, playing a crucial role in the heat transfer process facilitating the exchange of heat between the indoor and outdoor environments.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Heat Pump Coils Market Size in 2023: | USD 4.2 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 12.8% |
| 2032 Value Projection: | USD 12.3 Billion |
| Historical Data for: | 2019 to 2022 |
| No. of Pages: | 260 |
| Tables, Charts & Figures: | 329 |
| Segments covered: | Heat pump type and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Heat Pump Coils Market Scope
