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Geothermal Heat Pumps Market to Register a CAGR of 10.7%, Predicts QY Research


Los Angeles, CA -- (SBWIRE) -- 08/13/2019 -- The factual, unbiased, and thorough assessment of the global Geothermal Heat Pumps market presented in the report assures players of access to much-needed information and data to plan effective growth strategies. The report has made a brilliant attempt to provide a comprehensive research study on industry value chain, major companies, deployment models, and key opportunities, drivers, and restraints of the global Geothermal Heat Pumps market. It shows how the global Geothermal Heat Pumps market will advance or lack growth during each year of the forecast period. Readers are offered with detailed and near-accurate predictions of CAGR and market size of the global Geothermal Heat Pumps market and its important segments.

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.

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The competitive landscape of the global Geothermal Heat Pumps market is extensively researched in the report. The analysts have largely concentrated on company profiling of major players and also on competitive trends. All of the companies studied in the report are profiled on the basis of production, revenue, growth rate, markets served, areas served, market share, and market growth. The report will help readers to study significant changes in market competition, the level of competition, and factors impacting future market competition. It discusses important target market strategies that leading players are expected to adopt in future. In addition, it throws light on future plans of key players.

Key Players Mentioned in the Global Geothermal Heat Pumps Market Research Report: Bosch Thermotechnology, Carrier, Vaillant, BDR Thermea, Modine, Nibe Industrier, Mitsubishi Electric, Viessmann, Trane, Stiebel Eltron, Danfoss Group, Weishaupt, Swegon, Wolf, OCHSNER Warmepumpen

The report offers deep insights into leading segments of the global Geothermal Heat Pumps market and explains key factors helping them to collect a larger share. It provides accurate growth rate and market size achieved by each segment during the forecast period. This will help players to identify lucrative segments and plan out specific strategies to gain maximum profit from them. The report also includes sales growth, revenue, and price changes observed in important segments. Most importantly, the segmental analysis equips players with useful information and data to make the best of opportunities available in different segments.

Global Geothermal Heat Pumps Market by Type:

Vertical Closed Loop

Horizontal Closed Loop

Open Loop


Global Geothermal Heat Pumps Market by Application:

Residential Buildings

Commercial Buildings

Highlights of Report:

- Buyers of the report will have access to unique information about top 10 players of the global Geothermal Heat Pumps market

- The report informs readers about future products and technologies to be introduced in the global Geothermal Heat Pumps market

- Readers are offered with comprehensive analysis on key revenue pockets of the global Geothermal Heat Pumps market

- The report provides details about long-term and short-term strategies adopted by major players of the global Geothermal Heat Pumps market

- The authors of the report have provided demand and growth trends of the global Geothermal Heat Pumps market and also its segments

- In the geographical analysis section, the report discusses about recent market developments in different regions and countries

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