Analytical Research Cognizance has announced “Geothermal Heat Pump Market” Report provides Key Benefits, Key Market Segments, Secondary and Primary Research, Analyst Tools and Models to 2024. The report will assist reader with better understanding and decision making.
This report presents a comprehensive overview, market shares, and growth opportunities of Geothermal Heat Pump market by product type, application, key manufacturers and key regions. According to this study, over the next five years the Geothermal Heat Pump market will register a 10.6% CAGR in terms of revenue, the global market size will reach US$ 6020 million by 2024, from US$ 3640 million in 2019.
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.
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 Geothermal Heat Pump Market is segmented by product as follows:
Segmentation by product type:
Vertical Closed Loop
Horizontal Closed Loop
Segmentation by application:
The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
Access Global Geothermal Heat Pump Industry Report at www.arcognizance.com/report/…-2019-2024
The data from the top players in the global Geothermal Heat Pump market compiled with a comprehensive secondary research has provided key insights into the market which proves that the market is poised at a healthy stage, waiting to launch itself to new heights any time. Customers looking to gain detailed information about the global Geothermal Heat Pump market can get in touch with Analytical Research Cognizance
Some of the Points cover in Global Geothermal Heat Pump Market Research Report is:
Chapter One: Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
Chapter Two: Executive Summary
2.1 World Market Overview
2.1.1 Global Geothermal Heat Pump Market Size 2014-2024
2.1.2 Geothermal Heat Pump Market Size CAGR by Region
2.2 Geothermal Heat Pump Segment by Type
2.2.1 Vertical Closed Loop
2.2.2 Horizontal Closed Loop
2.2.3 Open Loop
2.3 Geothermal Heat Pump Market Size by Type
Chapter Three: Global Geothermal Heat Pump by Players
3.1 Global Geothermal Heat Pump Market Size Market Share by Players
3.1.1 Global Geothermal Heat Pump Market Size by Players (2017-2019)
3.1.2 Global Geothermal Heat Pump Market Size Market Share by Players (2017-2019)
3.2 Global Geothermal Heat Pump Key Players Head office and Products Offered
Chapter Four: Geothermal Heat Pump by Regions
4.1 Geothermal Heat Pump Market Size by Regions
4.2 Americas Geothermal Heat Pump Market Size Growth
4.3 APAC Geothermal Heat Pump Market Size Growth
4.4 Europe Geothermal Heat Pump Market Size Growth
4.5 Middle East & Africa Geothermal Heat Pump Market Size Growth
Chapter Five: Americas
5.1 Americas Geothermal Heat Pump Market Size by Countries
5.2 Americas Geothermal Heat Pump Market Size by Type
5.3 Americas Geothermal Heat Pump Market Size by Application
Chapter Six: APAC
6.1 APAC Geothermal Heat Pump Market Size by Countries
6.2 APAC Geothermal Heat Pump Market Size by Type
6.3 APAC Geothermal Heat Pump Market Size by Application
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