Air Source Heat Pump Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis

The air source heat pump market was estimated at USD 52.05 billion in 2022 and is likely to grow at a CAGR of 5.71% during 2023-2028 to reach USD 73.07 billion in 2028. A beneficial regulatory framework alongside clean cooling & heating programs. The adoption of conventional Heating, Ventilation, and Air Conditioning (HVAC) units are encouraged by this factor.