Heat Pump Market: Development, Growth, Trends, Demand, Analysis and Forecast 2026
Heat pump is a device that collects heat from sources such as air, water, and ground, and transfers the heat to another location, typically against a temperature gradient. Heat pumps have many advantages such as low running costs, less maintenance, less carbon emissions, and long life span among others. Usage of heat pump is the most energy efficient way to provide heating and cooling to various processes in the end-use industries such as pharmaceutical, textile, food processing and cold stores, automobile, and hotels. Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/2167 Increasing consumption of energy in buildings is one of the major factors driving growth of the market One of the major factors attributed to growth of the market is the rising consumption of energy in buildings. For instance, according to the International Energy Agency (IEA) analysis, in 2015, building and building construction sectors were accounted for around 37% of the