According to a report released from a market intelligence and advisory firm which named Guidehouse Insights, the heat pump market in cold climates in Europe, North America and Asia-Pacific for both regular and cold-climate heat pumps will grow from $6.57 billion in 2022 to $13.11 billion in 2031, annual growth rate is around 8%. A cold-climate heat pump (CCHP) achieves better heating performance than the conventional HP in these cold regions.
This gives the cold-climate heat pumps substantial growth potential, manufacturers need to take advantage of market opportunities.
“CCHP technology advances have broken down boundaries and allowed HP to expand its application range to cold climates,” says Young Hoon Kim, senior research analyst with Guidehouse Insights. ” Utilities serving cold regions can also use CCHP technology to move one step closer to reducing CO2 emissions.”
Post time: Jun-14-2022