Source: HPT / Mini Malhotra / 14 April 2023
The US heat pump market has been affected by the socioeconomic impacts of the COVID-19 pandemic. However, the US administration’s electrification goal accelerates the deployment of heat pumps, and the US heat pump market has experienced steady growth since 2010. In 2020, heat pumps surpassed gas furnace shipmentsfor the first time, and the trend maintained through 2022.
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