Tag: Industrial Heat Pump Market Share

The global industrial heat pump market has witnessed substantial growth, reaching approximately USD 9.65 billion in 2023. These systems, crucial for transferring heat from low-temperature sources to higher temperatures, find extensive applications across industries, including chemical, food & beverage, paper & pulp, and more. With a projected CAGR of 7.3% from 2024 to 2032, the […]

The industrial heat pump market has become a pivotal component of modern industrial systems, with its role in energy efficiency and sustainability gaining prominence. In 2023, the global market for industrial heat pumps was valued at approximately USD 9.65 billion and is anticipated to reach USD 18.22 billion by 2032, driven by a compound annual […]