Heat pumps, in all flavors, are continually gaining market share against all types of fossil fuel heating equipment. Regardless of how you view this trend, it’s happening, it’s not going to go away anytime soon — if ever, and it is going to reshape the hydronic heating and cooling markets in significant ways.
Like others who understand the difference between a kilowatt and a kilowatt•hour, I question the pace at which government-mandated electrification is happening. I’m skeptical that utility infrastructures are ready to handle the loads implied by the lofty electrification goals established by politicians.