Annual Sales Of Air-To-Air Heat Pumps In USA – Chart
Feb. 22, 2023
The source for the above data is the US Energy Information Administration (EIA).
The data above provides a look at the sales of air-to-air heat pumps in the United States from 2010 through 2020. Overall, there has been an increase in sales over the past decade, with the total value of sales increasing from $1.1 billion in 2010 to $3.6 billion in 2020, representing a compound annual growth rate of 8.5%. This increase is primarily driven by the growing demand for efficient heating and cooling solutions, as well as the increasing popularity of air-to-air heat pumps as a more affordable alternative to traditional systems.
In particular, the sales of air-to-air heat pumps in 2019 totaled $3.2 billion, a 16.6% increase from 2018. This growth was mainly driven by the expanding market for residential units, which accounted for over 60% of total sales in 2019. The commercial market for air-to-air heat pumps also contributed to the increase in sales, but to a lesser extent.
Overall, the sales of air-to-air heat pumps in the United States have increased steadily over the past decade. This trend is likely to continue in the years ahead, as more and more people look to upgrade their heating and cooling systems with the latest energy-efficient technology.