Global Geothermal Heat Pump Market Forecast: 7420 Million US$ by 2025 as per the latest research report
Jan 17, 2019
Global Geothermal Heat Pump analyzes the market status, market share, growth rate, future trends, market drivers, opportunities, challenges, risks, entry barriers, sales channels, distributors and Porter's Five Forces.
Pune, India - January 17, 2019 /MarketersMedia/ —
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).
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.
The Geothermal Heat Pump 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. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Geothermal Heat Pump.
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Key companies profiled in this report are Bosch Thermotechnology, Carrier, Vaillant, Bdr Thermea, Modine, Nibe Industrier, Mitsubishi Electric, Viessmann, Trane, Stiebel Eltron, Danfoss Group, Weishaupt, Swegon, Wolf, Ochsner Warmepumpen and more. Each of this company is profiled in the terms of company basic details, revenue, gross margin, product description, recent developments, etc.
Objectives of Global Geothermal Heat Pump Market report are:
• To analyze global Geothermal Heat Pump market status and forecast, involving production, revenue, consumption, historical and forecast data
• To analyse the key Geothermal Heat Pump companies and to get details of their production, revenue, market share, and recent development
• To get in depth knowledge by segmentation of data into regions, types, manufacturers and applications
• To identify the global and key regions market potential, advantage, opportunities, challenges, restraints and risks.
• To identify the factors influencing the market like trends, drivers in global and regional aspects
• To present the competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
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Geothermal Heat Pump Market is categorized on the basis of following product types:
(Each product type is covered in the terms of growth rate, production, revenue, price, forecast, etc)
• Vertical Closed Loop
• Horizontal Closed Loop
• Open Loop
• Others
Geothermal Heat Pump Market is studied for the following applications:
(Each application is covered in the terms of market size growth rate, regional consumption analysis, market share, consumption forecast, etc.)
• Residential Buildings
• Commercial Buildings
Geothermal Heat Pump Market: Production Segmentation by Regions covered for followings:
• United States
• Europe
• China
• Japan
• Other Regions
Geothermal Heat Pump Market: Consumption Segmentation by Regions covered for followings:
• North America (United States, Canada, Mexico)
• Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam)
• Europe (Germany, France, UK, Italy, Russia, Rest of Europe)
• Central & South America (Brazil, Rest of South America)
• Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa, Rest of Middle East & Africa)
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Source: MarketersMedia
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