Boston, MA -- (SBWIRE) -- 07/31/2015 -- Geothermal heat pumps, also known as ground source heat pumps, are energy-efficient and cost-effective devices used for the heating and cooling of the interior of an entire building. The technology used in geothermal heat pumps is based on the fact that the ground temperature is always relatively constant, warmer than the air in winter and cooler than the air in summer. These pumps transfer the heat stored in the ground into a building during the winter season and transfer the heat out of the building during the summer season. They are used for applications such as heating or cooling of an interior of a building and heating pool water.

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Technavio's analysts forecast the global geothermal heat pump market to grow at a CAGR of 15.26% over the period 2015-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the global geothermal heat pump market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of geothermal heat pumps.

Technavio's report, Global Geothermal Heat Pump Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the global geothermal heat pump market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Vendors

- Bosch
- Carrier
- Danfoss Group
- Trane

Other Prominent Vendors

- Bryant Heating and Cooling Systems
- Climatemaster
- Dimplex
- EarthLinked Technologies
- Enertech Global
- Finn Geotherm
- Florida Heat Pump Manufacturing
- Geothermal Heat Pumps
- GeoMaster
- Kensa Heat Pumps
- NEURA
- OCHSNER Warmepumpen
- Spectrum Manufacturing
- WaterFurnace Renewable Energy

Market Driver

- Need to Reduce Reliance on Fossil Fuels
- For a full, detailed list, view our report

Market Challenge

- High Initial Investment
- For a full, detailed list, view our report

Market Trend

- Technological Advancement
- For a full, detailed list, view our report

Key Questions Answered in this Report

- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Companies Mentioned in this Report: Bosch, Carrier, Danfoss Group, Trane, Bryant Heating and Cooling Systems, Climatemaster, Dimplex, EarthLinked Technologies, Enertech Global, Finn Geotherm, Florida Heat Pump Manufacturing, Geothermal Heat Pumps, GeoMaster, Kensa Heat Pumps, NEURA, OCHSNER Warmepumpen, Spectrum Manufacturing, WaterFurnace Renewable Energy

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