This article discusses the heat pump market in the US, including its growth since 2010, policies and programs, and the challenges and opportunities that exist. The COVID-19 pandemic has affected the global economy, including the heat pump market, but the US heat pump market has experienced steady growth.
Heat pumps surpassed gas furnace shipments in 2020, and the trend has continued in 2022. The heat pump market share is expected to grow as policies and financial incentives steer the building sector towards decarbonization. The US has set goals to reduce greenhouse gas emissions, decarbonize the power sector, and achieve a net-zero emissions economy. |