Heat Pump Market Size Projected to Grow $157.8 Billion by 2029 | MarketsandMarkets™ [Yahoo! Finance]
DENSO CORP UNSP/ADR (DNZOY)
NASDAQ:AMEX Investor Relations:
denso.com/global/en/investors
Company Research
Source: Yahoo! Finance
by 2029, at a CAGR of 11.8% according to a new report by MarketsandMarkets™. Heat Pump is a more reliable way of heating & cooling on a large scale. The versatile nature of heat pump could enable the transition to a cleaner world and a stronger global economy this is pivotal in propelling the expansion of the heat pump market. Furthermore, the global expansion of heating and cooling solutions has heightened the adoption of heat pump. The amalgamation of these systems with renewable energy contributes to their increased demand, aligning with global efforts to diminish reliance on fossil fuels and minimize carbon footprints. Government support and stringent safety regulations are pivotal factors driving the growth of the heat pump system market. Heat pumps can be integrated with renewable energy sources such as solar and wind power, enabling more sustainable and eco-friendly heating and cooling solutions, which align with the global trend towards renewable energy adoption. The heat
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