The
capacity of the global geothermal heat pumps market is set to grow at
a CAGR of 12.80% during the period from 2014 to 2020. The report,
titled “Geothermal Heat Pumps Market - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2014 - 2020”, sheds light
on the market drivers, restraints, opportunities, and threats, among
other key factors influencing the growth trajectory of the market.
In-depth
research report on Geothermal Heat Pumps Market with
Full TOC at :
http://www.transparencymarketresearch.com/geothermal-heat-pumps-market.html
According
to the research report, the global geothermal heat pumps market was
valued at US$55.3 bn in 2014 and is expected to reach US$130.5 bn by
2020. The installed capacity in the global geothermal heat pumps
market stood at 52,638.18 MWt in 2013 and is expected to be worth
119,303.66 MWt by the end of 2020.
Growing
oil prices and the subsequent rise in electricity and energy costs
have created a dire need for energy substitutes. The
cost-effectiveness and dependability of alternative energy sources
are making them popular in recent times. Owing to these reasons, the
global market for geothermal heat pumps has been witnessing
remarkable growth. Analysts predict that the worsening issue of
climate change will continue to propel the geothermal heat pumps
market in the foreseeable future.
The
global geothermal heat pumps market is segmented on the basis of
technology, end user, and geography. The technologies used in this
market are open loop systems and closed loop systems. Closed loop
systems are further segmented into horizontal loops, vertical loops,
and pond or lake systems. The end users of the geothermal heat pumps
are residential and commercial. Both of these segments are further
sub-segmented into new building systems and retrofit systems.
Geographically, this market is classified into regions such as Asia
Pacific, Europe, and North America.
In
terms of technology, the closed loop systems market held the biggest
market share in 2013, accounting for nearly 85.68% share in the
global market. Their convenient loop configuration makes them a
popular choice amongst several end users. The research report
indicates that Europe and North America held the leading positions in
the global geothermal heat pumps market in 2014. However, expert
research analysts predict the Asia Pacific market will exhibit a
steady growth rate in the near future, with huge demand expected from
China.
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Some
of the important companies profiled in this market research report
are GeoMaster LLC, WaterFurnace International, Florida Heat Pump
Manufacturing, Bryant Heating and Cooling Systems, Dimplex, Danfoss
Heat Pumps U.K., Enertech Global LLC, and Climatemaster. To give a
clear picture of the competitive landscape, the report gives
insightful information about their financial status, business and
marketing strategies, product portfolio, research and development
plans, and recent developments.
Geothermal
Heat Pumps Market: Technology Analysis
Open
Loop Systems
Closed
Loop Systems
Vertical
Loops
Horizontal
Loops
Pond/Lake
Systems
Geothermal
Heat Pumps Market: End-User Analysis
Residential
New
Building Systems
Retrofit
Systems
Commercial
New
Building Systems
Retrofit
Systems
Geothermal
Heat Pumps Market: Regional Analysis
North
America
Europe
Asia
Pacific
Browse
Article Of Geothermal Heat Pumps Market :
http://www.transparencymarketresearch.com/article/geothermal-heat-pumps-market.htm
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