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Heat Pump Market Outlook: Decarbonization Policy, Residential Adoption, and Component Supply Chain (2025?2035)
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Published Date: June, 2024
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Report ID: Trend06112564
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Format: Electronic (PDF)
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Number of Pages: 55
Report Overview
The global heat pump market is driven by energy security and aggressive climate legislation. This report provides a long-term outlook to 2035, identifying the electrification of heat as the primary driver of building decarbonization. We analyze the technical evolution of air-source heat pumps, which are now capable of operating in sub-zero temperatures. The narrative details the role of government subsidies, such as the US Inflation Reduction Act, in bridging the cost gap. We also investigate the installer bottleneck?the shortage of trained professionals needed to scale the industry. A significant portion covers the emerging Industrial Heat Pump segment, where high-temperature systems replace steam boilers in food processing plants. By 2035, the heat pump will be the default heating and cooling technology for all new construction, supported by a mature global supply chain of compressors and refrigerants.
Table of Contents
1. Electrification of Heat; 2. Air vs Ground Source; 3. Cold-Climate Tech; 4. Policy Incentives; 5. Installer Training; 6. Projections.