Energy & Green Renewable Technology Market News

Geothermal heat pump systems market to grow at a CAGR of 15.10% to 2023

Energy Market Research

The Global Geothermal Heat Pump (GHP) Systems Market will rise from +US$55.3 bn in 2018 to +US$130.5 bn by 2023, expanding at a 15.10% CAGR between 2018 and 2023.

Growing demand for energy efficient space heating systems from cold climatic regions, especially in North America and Europe, will drive the geothermal heat pump market size. In the U.S., GHP installation in the Southern states accounted for 35%, the North East was 20%, Midwest at 34% and Western region stood at 11%.

Introduction of various incentives including RHI, financial assistance and tax rebate to encourage the adoption of sustainable heating and cooling system will drive the U.S. geothermal heat pump market. In February 2017, the U.S.

government announced that HR 1090 will extend the residential and commercial installation tax credit for GHP systems, small wind turbine, CHP and fuel cell through 2023.

This research report also offers a detailed assessment of the Global Geothermal Heat Pump (GHP) Systems Market, taking various significant factors, such as trends, growth drivers, opportunities, and challenges, into consideration. Other important information; such as manufacturing capacity & volume, pricing of products; dynamics of demand, supply, & sales; and the revenue, have also been examined thoroughly in this research report.

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Some of the most prominent Key Vendors: Carrier Corp., NEURA AG, Robert Bosch GmbH, Trane Inc., EarthLinked Technologies Inc., Enertech Global LLC, Geothermal Heat Pumps Inc., Heat Controller, OCHSNER Warmepumpen GmbH, Spectrum Manufacturing LLC, WaterFurnace Renewable Energy Inc, Energy Star

The research study helps in understanding the several factors driving the Global Geothermal Heat Pump (GHP) Systems Market  . The executive summary of the global market provides a snapshot, which comprises overall data regarding different segments and sub-segments.

The past performance and future projections of the global market have been presented in the report with the help of graphs, infographics, tables, and charts.

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The report covers vast data pertaining to the vendor landscape of the Global Geothermal Heat Pump (GHP) Systems Market  . Covering data pertaining to recent developments in the market in terms of products and services, the introduction of new product varieties, leading vendors, and crucial new vendors trying to penetrate the market.

Furthermore, the report provides a comparative analysis of the Global Geothermal Heat Pump (GHP) Systems Market  based on the key regional markets. Additionally, a detailed segmentation of the market based on criteria such as product type, application, and end use has also been covered in the report, with detailed data pertaining to these segments.

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Table Of Content:

Chapter 1 Global Geothermal Heat Pump (GHP) Systems Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Market Forecast (2018-2023)

Chapter 13 Appendix

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