Norway Air Source Heat Pump Market Forecast 2018-2028: Trends and Competition | TechSci Research
Rising awareness for energy-efficient products, product innovation, and the ban on the usage of fossil fuels are the factors driving the air source heat pump market in Norway. According to TechSci Research report, “Norway Air Source Heat Pump Market” - By Region, Competition Forecast and Opportunities, 2018-2028F ” Norways Air Source Heat Pump Market is expected to grow at an impressive rate. The market is driven by high taxes on fossil fuels, low electricity rates, and increasing government subsidies. Mechanical systems, known as heat pumps, move low-grade heat from one source to another. The advantage of heat pump is, it upgrades the heat and delivers it at a higher temperature than the heat-extracting source. Refrigeration cycles are typically the foundation of heat pumps. Although reverse cycle heat pumps may supply both heating and cooling, unlike refrigerators, they mainly provide heating. The technology utilized in refrigeration plants and heat pumps is similar. However, the d