Europe Air Source Heat Pump Market Anticipated to Expand over 4% by 2024
Favorable regulatory regime supported by a multitude of fiscal support schemes and policies will stimulate the Europe Air Source Heat Pump (ASHP) market. For instance, the 2009 EU Directive on renewable energy sets ambitious target for all the Member States, to attain a 20 % energy share from renewable sources by 2020. The EU directive includes ASHPs within its definition of renewable sources of energy, provided they meet minimum performance standards. Increased demand for space heating across countries with extreme...
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