11/30/2022 0 Comments Czech pump manufacturerThese units lower the greenhouse emission by 40% as compared to traditional heating units. As per the estimates, air source segment is projected to expand rapidly during 2020-2026, on account of advantages such as zero expense for groundwork, less space requirement, and low cost. Speaking of product type, the market is split into air source, ground source, and water source. Moreover, considerable decrease in utility bills and ongoing enhancements in existing design are likely to boost the adoption of heat pumps across commercial sector in Europe. Rising deployment of HVAC systems that can be flexibly integrated with conventional systems across both new and existing facilities will augment the market outlook. Introduction of several such renewable energy targets as well as energy efficiency norms by the regional government to control the CO2 emissions will create lucrative growth opportunities for Europe heat pump market.Įurope heat pump market share from commercial application segment is estimated to grow tremendously over the forecast period, accredited to construction of modern commercial facilities including office buildings, shopping complexes, and hospitals. In fact, according to EU’s target, the members are instructed to decrease the greenhouse gases emission by 40% as a part of 2030 climate & energy framework. Moreover, the study offers crucial information regarding the organizations operating in the industry vertical, alongside the product portfolio and market share reaped by these players. Growing concerns regarding harmful emissions and focus on limiting the use of fossil fuels are likely to foster Europe heat pump industry expansion.Įurope heat pump market is segmented with respect to product type, application spectrum, and regional scope. Financial assistance in the form of direct grants, zero interest rate loan, and tax rebate is being offered by government to promote the usage of renewable heating appliances. Varying fuel prices along with increasing attention on reducing the import dependency will boost the demand for heat pumps in Europe. 03, 2020 (GLOBE NEWSWIRE) - According to MarketStudyReport LLC, Europe heat pump market is projected to showcase a considerable growth between 20, on account of increasing demand for energy efficient heating systems to reduce the electricity bills across residential and commercial establishments, cites the report.
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