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The Global Geothermal Heat Pump Market is expected to grow by $4.89 bn during 2022-2026, accelerating at a CAGR of 8.36% during the forecast period
Global Geothermal Heat Pump Market 2022-2026 The analyst has been monitoring the geothermal heat pump market and it is poised to grow by $4. 89 bn during 2022-2026, accelerating at a CAGR of 8.
New York, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Geothermal Heat Pump Market 2022-2026" - https://www.reportlinker.com/p02039445/?utm_source=GNW
36% during the forecast period. Our report on the geothermal heat pump market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the operational benefits of GHPs over conventional systems, rising global energy consumption coupled with recovery in the housing sector, volatility in oil prices, and an increase in electricity prices that boost the demand for geothermal energy.
The geothermal heat pump market analysis includes the end-user segment and geographic landscape.
The geothermal heat pump market is segmented as below:
By End-user
• Residential
• Non-residential
By Geographical Landscape
• Europe
• North America
• APAC
• South America
• The Middle East and Africa
This study identifies the emergence of BEMS as one of the prime reasons driving the geothermal heat pump market growth during the next few years. Also, federal tax credits for retrofitting and desuperheaters for heat recovery will lead to sizable demand in the market.
The analyst presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters. Our report on the geothermal heat pump market covers the following areas:
• Geothermal heat pump market sizing
• Geothermal heat pump market forecast
• Geothermal heat pump market industry analysis
This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading geothermal heat pump market vendors that include Bard Manufacturing Co. Inc., Carrier Global Corp., Daikin Industries Ltd., Danfoss AS, EnergySmart Alternatives LLC, GeoSmart Energy, Glen Dimplex Deutschland GmbH, Green Planet Supply Inc., Johnson Controls International Plc, Kensa Group, Mitsubishi Corp., NIBE Industrier AB, Raytheon Technologies Corp., Robert Bosch GmbH, Sirac Air Conditioning Equipments Co. Ltd., Stiebel Eltron GmbH and Co. KG, Trane Technologies Plc, Vaillant Group, Viessmann Climate Solutions SE, and WaterFurnace International Inc. Also, the geothermal heat pump market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all future growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The analyst presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Read the full report: https://www.reportlinker.com/p02039445/?utm_source=GNW
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