Residential heat pump market: Heat pumps and heat pump water heaters 2011-2032E

This report examines historical deployments of residential heat pumps and heat pump water heaters, and forecasts future shipments of both for 2022 through 2032. The impact of increased federal funding from the Inflation Reduction Act is addressed. The capital and regional operational costs of heat pumps are also explored, as well as state, local and utility incentives for heat pumps and heat pump water heaters. The report reviews recent technological developments, new business and financing models, and barriers to customer acquisition.