Oct 10, 2018   SOURCE: BusinessWire

Global Geothermal Heat Pumps Market Trends, Market Size and Forecasts to 2024 - ResearchAndMarkets.com

The "Geothermal Heat Pumps Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.

The report predicts the global geothermal heat pumps market to grow with a CAGR of 9.8% over the forecast period of 2018-2024.

The ability to reduce the electricity bill by 30% to 60% when compared to traditional heating and cooling systems will make its adoption favorable among other available alternatives. In addition, low maintenance cost and full automation are also likely to boost the growth of the geothermal heat pumps market.
However, high cost and lack of consumer awareness about geothermal heat pump's benefit are likely to hamper the development of geothermal heat pumps market.
Furthermore, geothermal heat pumps provide less energy consumption and help in minimizing greenhouse gas emissions which are further anticipated to provide several growth opportunities for the key players in the geothermal heat pumps market over the coming years.

Companies Profiled

  • NIBE
  • Robert Bosch
  • Kensa Heat Pumps
  • Finn Geotherm
  • Stiebel Eltron
  • Vaillant Group
  • Bard HVAC
  • Bryant Heating & Cooling Systems
  • Ecoforest
  • Glen Dimplex

Key Topics Covered

1. Preface

2. Executive Summary

3. Global Geothermal Heat Pumps Market Overview

4. Geothermal Heat Pumps Market Macro Indicator Analysis

5. Global Geothermal Heat Pumps Market by Type

6. Global Geothermal Heat Pumps Market by Applications

7. Global Geothermal Heat Pumps Market by Region 2018-2024

8. Company Profiles and Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/fdc9p6/global_geothermal?w=4