Global Heat Pump Market - Going Beyond Established Markets Is Greatest Opportunity
Changing energy consumption patterns mean that consumers are now warming up to renewable and alternative sources of energy. These energy sources include solar, wind, and geothermal energy. The demand for heat pumps will likely witness greater demand as investments in renewable energy scale higher. The heat pumps market will largely benefit from the industry-friendly government policies. Because of the growth in the global heat pump market, other conventional heating products such as boilers have suffered a slump in demand.
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