Heat Pump Water Heaters Market Penetration in Urban Areas
Global Heat Pump Water Heaters Market is expected to be worth around USD 16.9 billion by 2034, up from USD 6.0 billion in 2024, and grow at a CAGR of 10.9% from 2025 to 2034. Asia-Pacific’s 43.3% strong energy-saving policies are boosting heat pump water heater demand rapidly.
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