Geothermal Heat Pumps Market 2020 Analysis By Global Manufacturers - Bosch Thermotechnology, Carrier, Vaillant, BDR Thermea

The report titled “Geothermal Heat Pumps Market” report will be very useful to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, SWOT analysis, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts.

The Geothermal Heat Pumps market was valued at 3640 Million US$ in 2018 and is projected to reach 7420 Million US$ by 2025, at a CAGR of 10.7% during the forecast period.

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. The 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.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Geothermal Heat Pumps Market: Bosch Thermotechnology, Carrier(Carrier Global Corporation (CARR)), Vaillant, BDR Thermea, Modine(Modine Manufacturing Company (MOD)), Nibe Industrier, Mitsubishi Electric, Viessmann, Trane, Stiebel Eltron, Danfoss Group, Weishaupt, Swegon, Wolf, OCHSNER Warmepumpen and others.

Key Market Trend:

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, the 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.

Global Geothermal Heat Pumps Market Split By Product Type and Applications:

This report segments the global Geothermal Heat Pumps Market on the basis of Types are:
Vertical Closed Loop
Horizontal Closed Loop
Open Loop
Others

On the basis of Application, the Global Geothermal Heat Pumps Market is segmented into:
Residential Buildings
Commercial Buildings

Regional Analysis For Geothermal Heat Pumps Market:

For the comprehensive understanding of market dynamics, the global Geothermal Heat Pumps Market is analysed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analysed on the basis of market findings across major countries in these regions for a macro-level understanding of the market.

Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Geothermal Heat Pumps Market.
– Changing market dynamics of the Geothermal Heat Pumps Market industry.
– In-depth segmentation of Geothermal Heat Pumps Market by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments.
– Competitive landscape of Geothermal Heat Pumps Market.
– Strategies of key players and product offerings.
– Potential and niche segments/regions exhibiting promising growth.

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