Heat Pumps Market size in terms of volume and value 2015 - 2025
Increasing development in the construction industry along with complying strict building requirements by governments is boosting the growth in demand for Heat Pumps market. It is a device used to transfer heat from one place to another. Depending upon the climatic condition, it transfers heat from outdoors into building and vice-versa during hot weather. Various heat pump application includes, sanitary hot water heating, space cooling, dehumidification, heat recovery and space heating. Owing to its high operating efficiency andlower maintenance cost, it acts as an eco-friendly substitute for cooling and heating residential, commercial and industrial buildings. On the other hand, CO2 heat pumps have witnessed a significant rise in commercial and residential sector due to its ozone and climate friendly feature.
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