Oct 25, 2022   SOURCE: BusinessWire

Global Geothermal Heat Pump Market to Grow by $4.89 Billion During 2022-2026 - ResearchAndMarkets.com

The "Global Geothermal Heat Pump Market 2022-2026" report has been added to ResearchAndMarkets.com's offering.

The geothermal heat pump market is poised to grow by $4.89 bn during 2022-2026, accelerating at a CAGR of 8.36% during the forecast period. The 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 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

Key Topics Covered:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by End-user

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

Companies Mentioned

  • 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
  • WaterFurnace International Inc.

For more information about this report visit https://www.researchandmarkets.com/r/4o9kgj