Press release
Geothermal Heat Pump Market 2019 By Key Players Bosch Thermotechnology, Carrier, Vaillant, BDR Thermea, Modine, Nibe Industrier, Mitsubishi Electric, Viessmann, Trane, Stiebel Eltron, Danfoss Group, Weishaupt
Worldwide Market Reports has announced the addition of the “Global Geothermal Heat Pump Market Size Status and Forecast 2024”, The report classifies the global Geothermal Heat Pump Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.A geothermal heat pump or ground source heat pump (GSHP) is a central heating and/or cooling system that transfers heat to or from the ground. It uses the earth all the time, without any intermittency, as a heat source (in the winter) or a heat sink (in the summer).
Scope of the Report:
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.
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Market Segment by Manufacturers, this report covers
Bosch Thermotechnology, Carrier, Vaillant, BDR Thermea, Modine, Nibe Industrier, Mitsubishi Electric, Viessmann, Trane, Stiebel Eltron, Danfoss Group, Weishaupt, Swegon, Wolf, OCHSNER Warmepumpen
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Vertical Closed Loop
Horizontal Closed Loop
Open Loop
Others
Market Segment by Applications, can be divided into
Residential Buildings
Commercial Buildings
Else place an Inquire before Purchase “Global Geothermal Heat Pump Market Size, Status and Forecast 2024: https://www.worldwidemarketreports.com/quiry/251565
Table of Contents
1 Geothermal Heat Pump Market Overview
2 Manufacturers Profiles
3 Global Geothermal Heat Pump Market Competition, by Players
4 Global Geothermal Heat Pump Market Size by Regions
5 North America Geothermal Heat Pump Revenue by Countries
6 Europe Geothermal Heat Pump Revenue by Countries
7 Asia-Pacific Geothermal Heat Pump Revenue by Countries
8 South America Geothermal Heat Pump Revenue by Countries
9 Middle East and Africa Revenue Geothermal Heat Pump by Countries
10 Global Geothermal Heat Pump Market Segment by Type
11 Global Geothermal Heat Pump Market Segment by Application
12 Global Geothermal Heat Pump Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Data Source
About Us:
Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends. Worldwide Market Research’s well-researched inputs that encompass domains ranging from IT to healthcare enable our prized clients to capitalize upon key growth opportunities and shield against credible threats prevalent in the market in the current scenario and those expected in the near future.
Contact :
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Worldwide Market Reports
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Email: sales@worldwidemarketreports.com
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