U.S. Commercial Heating Equipment Market Is Expected To Reach USD 2.13 Billion By 2030
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