Geothermal Heat Pumps Market by Product, Application, Manufacturer, Sales and Segmentation 2024 Top Key Players - NIBE, Robert Bosch, Kensa Heat Pumps

The Infinium Global Research has announced the addition of the “Geothermal Heat Pumps Market to 2024 – Global Analysis and Forecasts by Type and Product” to its research database.

The main objective of this report is to define, describe, and forecast the global “Geothermal Heat Pumps” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

Low maintenance cost and full automation to promote growth in the Geothermal Heat Pumps Market

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. are the major factor driving the growth of the geothermal heat pumps market. In addition, low maintenance cost and full automation are also likely to boost the growth of the geothermal heat pumps market. Flexible seasonality of geothermal heat pumps that allows heating or cooling to external conditions in residential, industrial, and other applications. 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 that are further anticipated to provide several growth opportunities for the key players in the geothermal heat pumps market over the upcoming years.

Ask For Sample Copy of Research Report with Table Of Content: https://www.infiniumglobalresearch.com/reports/sample-request/1568

Europe region to contribute to growth in the global Geothermal Heat Pumps market

Europe accounted for the largest market share followed by North America. The growth in the Europe region is due to the increasing investment for infrastructure for green building along with increasing demand for heating and cooling system. Moreover, a scheme for the Renewable Heat Incentive (RHI) initiated by the UK government has supported the growth of the geothermal heat pumps market. Increasing demand for renewable energy resources and availability of shallow and ground temperature is projected to boost the demand for geothermal heat pumps in the countries such as Canada and U.S. Furthermore, the demands for retrofitted geothermal heat pumps are probable to toughen the Asia Pacific market growth over the forecast period.

NIBE's acquisition of a majority in British-owned Enertech Group

In January 2017- NIBE industries AB has reached an agreement with British-owned Enertech Group to acquire the main parts of the Enertech Group. NIBE is a Global Group contributing to a more sustainable world with solutions for indoor climate and comfort, as well as it provides components and solutions for measuring, controlling, and electric heating. The acquired group offers a wide range of geothermal and air/water heat pumps, solar energy and biofuel products, as well as traditional oil and gas burners. Sales are mainly within Europe.

Ask Discount for the latest research report: https://www.infiniumglobalresearch.com/reports/request-discount/1568

Swedish Competition Authority has given their approval to NIBE's acquisition of a majority in British-owned Enertech Group. Enertech AB with its manufacturing units in Ljungby and Osby is the largest of the acquired companies.The others are located in Switzerland, England, Belgium, Norway and Germany.

Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global geothermal heat pumps market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of geothermal heat pumps market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the geothermal heat pumps market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the geothermal heat pumps market to understand the present and future trends in this market and formulate their strategies accordingly.

About Us

Infinium Global Research and Consulting Solutions is started with a single motto of being business partner of first choice. We at Infinium work on the strengths of our clients to ensure we help them consolidate their market position. We firmly believe in the fact that ‘if you are able to develop newer opportunities then you find there is no dearth of opportunities for you. With our strategic research approaches and deep dive in the market segments, we try to find out new opportunities that our clients can encash with their existing resources. Our experts with over 100 years of cumulative experience in research offer the best in the industry services to our clients to ensure that they achieve their business goals.

Contact Us

Infinium Global Research,

USA – Canada Toll Free: 1-800-638-0796

Website: https://www.infiniumglobalresearch.com

Email: info@infiniumglobalresearch.com