A geothermal heat pumporground source heat pump (GSHP) is a centralheatingand/or cooling system that transfersheatto or from the ground. It uses the earth all the time, without any intermittency, as aheatsource (in the winter) or aheatsink (in the summer).
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.
Key Benefits for Geothermal Heat Pumps (GHPs)Market:
- This study includes the global Geothermal Heat Pumps (GHPs)market analysis, trends, and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and global Geothermal Heat Pumps (GHPs)market opportunity.
- The global Geothermal Heat Pumps (GHPs)market size is quantitatively analyzed from 2014 to 2024 to highlight the financial competency of the Geothermal Heat Pumps (GHPs)industry.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the industry.
Report Sample includes:
- Table of Contents
- List of Tables & Figures
- Charts
- Research Methodology
Get FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-geothermal-heat-pumps-2019-271
The global Geothermal Heat Pumps (GHPs) market was valued at 3640 million US$ in 2018 and will reach 7420 million US$ by the end of 2025, growing at a CAGR of 10.7% during 2019–2025.
This report focuses on Geothermal Heat Pumps (GHPs) volume and value at global level, regional level and company level. From a global perspective, this report represents overall Geothermal Heat Pumps (GHPs) market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Geothermal Heat Pumps (GHPs) in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Geothermal Heat Pumps (GHPs) manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
- Bosch Thermotechnology
- Carrier
- Vaillant
- BDR Thermea
- Modine
- Nibe Industrier
- Mitsubishi Electric
- Viessmann
- Trane
- Stiebel Eltron
- Danfoss Group
- Weishaupt
- Swegon
- Wolf
- OCHSNER Warmepumpen
Segment by Regions
- North America
- Europe
- China
- Japan
- Southeast Asia
- India
Segment by Type
- Vertical Closed Loop
- Horizontal Closed Loop
- Open Loop
- Others
Segment by Application
- Residential Buildings
- Commercial Buildings
Research objectives
- To study and analyze the global Geothermal Heat Pumps (GHPs)consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Geothermal Heat Pumps (GHPs)market by identifying its various subsegments.
- Focuses on the key global Geothermal Heat Pumps (GHPs)manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Geothermal Heat Pumps (GHPs)with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Geothermal Heat Pumps (GHPs)submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
Get the Complete Report & TOC at https://www.24marketreports.com/manufacturing-and-construction/global-geothermal-heat-pumps-2019-271
CONTACT US:
276 5th Avenue, New York , NY 10001,United States
International: (+1) 646 781 7170
Email: [email protected]
Follow Us On linkedin :- https://www.linkedin.com/company/24-market-reports
Global Geothermal Heat Pump Market was valued US$ 70.86 Bn in 2019 and is expected to reach US$ 215.01Bn by 2027, at a CAGR of around 13.13% during a forecast period.The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters.
Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments.
Flexible seasonality of geothermal heat pumps, which enables heating or cooling inverse to external conditions in residential, industrial and other applications is projected to be a major factor driving growth of the market.
Favorable environmental regulations such as Greenhouse Gas (GHG) Emission Reduction Regulation encourage use of renewable energy resources in order to condense depletion of fossil fuels and carbon emissions.
Developed markets for geothermal heat pumps in Europe include Germany, Sweden, France and Switzerland.
Rising geothermal capacity and stable demand for retro-fitted geothermal heat pumps are likely to further strengthen Asia Pacific market growth over the forecast period.This report will help to decision maker and it analyzes the market for geothermal heat pumps with taking into considerations the major drivers, restraints, opportunities, burning issues, and winning necessities in the geothermal heat pumps market.
