Heat Pump Market Size, Share, Growth, Trends Analysis & Industry Report, 2020-2027
Heat Pump Market The Heat Pump Market is likely to expand at a compound annual growth rate of 7.74% over the forecast period. The replacement of traditional fuel-based heating methods by heat pump technology and their growing espousal in residential applications as an economical heating method has bolstered the market growth. Request a free sample of Heat Pump Market Heat Pump Market Dynamics Heat pumps keep energy costs as low as possible and demand negligible maintenance, which has encouraged their adoption by several industries. The intensified prudential moves by the leading market players have strengthened the growth of the global heat pump market. For instance, in 2018, Daikin procured Austrian cooling specialist AHT Group to enlarge its commercial refrigeration business. Also, NIBE declared the adoption of Alfa Laval's business for hot water systems and district heating/cooling systems for commercial uses and to improve the climate solutions of NIBE, which has acceler...