Heat Pump Market Surge: Impact of Government Incentives on Adoption Rates The global heat pump market was valued at USD 88.7 billion in 2023 and is forecasted to grow at a compound annual growth rate (CAGR) of 9.4% from 2024 to 2030. Market expansion is expected to be driven by favorable government policies that promote energy-efficient solutions and reduce carbon emissions. Numerous governments offer subsidies, incentives, tax credits, and rebates for heat pump...
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