Market Research Reports

T he global  heat pumps market  experienced stable growth during 2011-2018. Heat pumps refer to devices that transfer heat from one place to another by circulating refrigerant through a cycle of condensation and evaporation. These pumps comprise numerous components, including condensers, compressors, evaporators and expansion valves, for their efficient functioning. The compressor is utilized to pump the refrigerant between two heat exchanger coils, wherein the refrigerant is evaporated at low pressure in one coil and is further condensed at high pressure in the other coil. These pumps are used to warm homes during winters and make the spaces cooler during warm and hot conditions. Since these systems are extremely energy efficient in nature, require lesser maintenance and are much safer to use as compared to combustion-based heating systems, they are gaining widespread preference on the global level. The global market is primarily driven by the increasing sales of heating, ven...