Large-scale Natural Refrigerant Heat Pump Market Research papers (Business Opportunities - Marketing & Sales)

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Large-scale Natural Refrigerant Heat Pump Market Research papers


A heat pump is technically complex equipment. The awareness regarding the energy efficiency, cost efficiency, and environmental benefits associated with heat pumps, as well as technical know-how, are limited among various end users and this is the major factor hindering the growth of the market.
The disruption of the supply chain coupled with a sharp drop in demand in the commercial and industrial sectors has restricted the growth of the refrigerant heat pump market. This was caused largely by the suspension of many large-scale building and renovation projects which were slowed down due to the shrinking experienced by the global economy including service and manufacturing industries during COVID. Post-COVID recovery of the refrigerant heat pump market is expected, being aided by government fiscal incentives.

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Last Update : Jun 16, 2023 5:52 AM
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2024-05-02 (0.432 sec)