The Geothermal Heat Pump Market report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Additionally, the report also highlights market entry strategies for various companies across the globe along with pipeline and product analysis. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Geothermal Heat Pump market. It has also covered and analyzed the potential of Geothermal Heat Pump market and provides statistics and information on market size, shares and growth factors.
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About Geothermal Heat Pump Industry
Geothermal heat pump systems consist of the heat pump unit, the ground heat exchanger, and the air delivery system (ductwork). The heat exchanger has a system of pipes called a loop, which is buried in the ground near the building. Fluid will circulate within the heat exchanger system. The pump exchanger either takes the heat from the building and transfers it to the ground or absorbs the heat from the ground and uses it to warm the house. The main advantage of geothermal heat pumps is that they use the stable underground temperature to increase the efficiency and decrease the operational cost of the cooling and heating systems. Global geothermal heat pump market size in 2017 was valued over USD 3 billion and the annual installation is projected to exceed 873 thousand units by 2025.
Growing concerns toward environmental sustainability and energy security along with shifting trends toward bio economy-based development will drive the global geothermal heat pump market size. Introduction of energy efficiency protocols by regulators with an aim to reduce carbon footprint will further propel the industry outlook. In 2016, Government of Germany introduced Climate Action Plan 2050 across the nation with an aim to curb GHG emissions up to 55% by 2030 compared with 1990 levels.
The worldwide market for Geothermal Heat Pump is expected to grow at a CAGR of roughly 10.6% over the next five years, will reach 6020 million US$ in 2024, from 3640 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Geothermal Heat Pump in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
The overviews, SWOT analysis and strategies of each vendor in the Geothermal Heat Pump market provide understanding about the market forces and how those can be exploited to create future opportunities.
Key Players in this Geothermal Heat Pump market are:–
- Bosch Thermotechnology
Carrier
Vaillant
BDR Thermea
Modine
Nibe Industrier
Mitsubishi Electric
Viessmann
Trane
Stiebel Eltron
Danfoss Group
Weishaupt
Swegon
Wolf
OCHSNER Warmepumpen
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Production Analysis: SWOT analysis of major key players of Geothermal Heat Pump industry based on a Strengths, Weaknesses, company’s internal & external environments. …, Opportunities and Threats. . It also includes Production, Revenue, and average product price and market shares of key players. Those data are further drilled down with Manufacturing Base Distribution, Production Area and Product Type. Major points like Competitive Situation and Trends, Concentration Rate Mergers & Acquisitions, Expansion which are vital information to grow/establish a business is also provided.
Application of Geothermal Heat Pump Market are:
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Residential Buildings
Commercial Buildings
Product Segment Analysis of the Geothermal Heat Pump Market is:
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Vertical Closed Loop
Horizontal Closed Loop
Open Loop
Others
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Regions Covered in Geothermal Heat Pump Market are:-
- North and South America
- Europe
- China
- South Korea
- India
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Moreover, the report provides knowledge of the leading market players within the Geothermal Heat Pump market. The industry changing factors for the market segments are explored in this report. This analysis report covers the growth factors of the worldwide market based on end-users.
Key Highlights of the Report:
- Historical data of Global Geothermal Heat Pump Market for the Period 2014-2016
- Market Size & Forecast of Global Geothermal Heat Pump Market until 2023
- Historical data of GCC Geothermal Heat Pump Market for the Period 2014-2016
- Market Size & Forecast of GCC Geothermal Heat Pump Revenue Market until 2023
- Historical data of Saudi Arabia Geothermal Heat Pump Market for the Period 2014-2016
- Market Size & Forecast of Saudi Arabia Geothermal Heat Pump Revenue Market until 2023
- Historical data of UAE Geothermal Heat Pump Market for the Period 2014-2016
- Market Size & Forecast of UAE Geothermal Heat Pump Revenue Market until 2023
- Historical data of Qatar Geothermal Heat Pump Market for the Period 2014-2016
- Market Size & Forecast of Qatar Geothermal Heat Pump Revenue Market until 2023
- Historical data of Kuwait Geothermal Heat Pump Market for the Period 2014-2016
- Market Size & Forecast of Kuwait Geothermal Heat Pump Revenue Market until 2023
- Historical data of Bahrain & Oman Geothermal Heat Pump Market for the Period 2014-2016
- Market Size & Forecast of Bahrain & Oman Geothermal Heat Pump Revenue Market until 2023
- Historical data and Forecast of Saudi Arabia Geothermal Heat Pump Market,
- By Product Device, Deployment, Verticals and Regions
- Market Drivers and Restraints
- Players Market Share
- Key Strategic Pointers
In this study, the years considered to estimate the market size of Geothermal Heat Pump Market are as follows:-
- History Year: 2013-2017
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2024
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No Of Pages in Geothermal Heat Pump Market Report: 139
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