Market Research Insights

  San Francisco, 22 April 2024:  The Report  U.S. Commercial Heating Equipment Market  Size, Share & Trends Analysis Report By Product (Heat Pump, Furnace), By Building Floorspace, By End-use (Hospitality, Offices), By Region, And Segment Forecasts, 2024 - 2030 The U.S. commercial heating equipment market size is anticipated to reach USD 2.13 billion by 2030 and is anticipated to expand at a CAGR of 5.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing preference for energy-efficient certified products is anticipated to be one of the major factors influencing growth over the forecast period. Moreover, rising energy consumption in the industrial and residential sectors is projected to drive the preference for solutions that reduce overall operational costs and improve energy savings. According to the U.S. Department of Energy, a tax credit of approximately 30% can be claimed for buying a property in the country that has qualified heat pumps installed

  San Francisco, 28 June 2023:  The Report   U.S. Commercial Heating Equipment Market  Size, Share & Trends Analysis Report By Product (Heat Pump), By Building Floorspace, By End-use (Residential, Industrial, Commercial), By Region And Segment Forecasts, 2023 - 2030 The U.S. commercial heating equipment market size is anticipated to reach USD 2.13 billion by 2030, registering a CAGR of 4.8% from 2023 to 2030 according to a new report by Grand View Research, Inc. The favorable government initiatives such as rebates and incentives for the installation of highly energy-efficient heating products such as heat pumps are projected to have a positive impact on the market. The increasing adoption of heat pumps in retail shops, hotels, offices, and healthcare facilities is projected to boost the demand for heat pumps in the commercial sector over the forecast period. Furthermore, in all climates, heat pumps provide an energy-efficient replacement for furnaces and air conditioners. When comp