Heat Pump Market in the US by Type, Market and Region
US demand for heat pumps is expected to rise 2.4% per year through 2021. Demand will continue to be supported primarily by the greater energy efficiency of heat pumps compared to other types of comfort cooling equipment. Additionally, heat pumps can also provide supplemental heating, and are a preferred option in areas where heating requirements are modest. However, the expiration of the federal tax credit for heat pumps at the end of 2016 will prevent faster sales increases.
This report covers heat pump demand by product, market and region. Data are given in dollar value and units.
Heat pump products covered in the study include:
Air source, encompassing air-to-air and air-to-water types
Geothermal, encompassing closed loop and open loop types
The markets for heat pumps are:
Residential, including both new building and existing building
Commercial, including both new building and existing building
Demand is also broken out by US Census region:
Scope of the Report
This report shows the scope, size, and growth of the US heat pump market, including key trends by product type and market. Historical data are provided for 2006, 2011, and 2016 with forecasts for 2021, with year-by-year historical market volatility also addressed. Also included is an analysis of the industry key players and their market share.