Ground Source (Geothermal) Heat Pump Market Opportunities
Air source heat pump market dominates due to easy installation and suitability for residential and light commercial applications.
The air source heat pump (ASHP) market leads the sector due to affordability, technological improvements, and suitability for diverse climates. Their ability to provide both heating and cooling makes them highly attractive for residential applications.
With strong adoption in Asia-Pacific and Europe, ASHP demand is expected to grow rapidly. Government subsidies and improvements in cold-climate performance are driving their popularity even in regions with harsh winters.
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