Global 6Wresearch Market Reports

  India Industrial Heat Pump Market Synopsis Industrial Heat Pump Market In India witnessed moderate growth during the period 2017-2019 as a result of the rising efforts by the industrial sector to reduce the costs of energy and environmental effects due to the emission of large amounts of carbon from industrial processes. Installation of heat pumps in the industrial sector has emerged as a viable option to save energy and reduce carbon footprint. Further, the continued government support in the form of initiatives and policies such as the “Make in India” initiative gave a boost to the manufacturing sector in the country, which in turn, bolstered the demand for industrial heat pumps in India during the recent past. According to 6Wresearch, India Industrial Heat Pump Market size is projected to grow at a CAGR of 13.6% during 2021-2027. Industries are giving more emphasis on cost efficiency, and energy efficiency and making efforts to reduce their carbon footprints which would ...