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Technavio Says the Need to Reduce Dependency on Fossil Fuels Will Boost the Global Geothermal Heat Pump Market Through 2019Technavio has published a new report on the global geothermal heat pump market, which is expected to grow at a CAGR of over 15% from 2015-2019. About the Report The latest industry analysis report by Technavio draws attention towards the increased use of fossil fuels, which is leading to a rise in greenhouse gas (GHG) emission levels, and leading to global warming. "Countries like the US, Germany, France, Sweden, Japan, and China have taken initiatives towards changing building regulations and legislations that aim to reduce emission of GHGs. These initiatives have shifted the focus to adopting energy-efficient products like geothermal heat pump systems, especially in the commercial and residential sectors," says Faisal Ghaus, Vice President of Technavio. The new Technavio report also emphasizes the growing demand for technologically progressive geothermal heat pumps with improved display and control systems. "Vendors are adding better functionalities to their geothermal heat pumps, such as two-speed compressors, dual-speed motors, and backup burners, in order to cater to the growing demand from the residential, commercial, and industrial sectors," says Ghaus. Market cope and Calculation of Market Size The new Technavio report covers the present scenario and the growth prospects of the global geothermal heat pump market from 2015-2019. To calculate the market size, we consider the revenue generated from:
Key Information Covered in the Report:
Technavio currently has more than 3000 market research reports on a huge range of topics, including 100+ reports on the heat-pump market: If you are interested in more information, please contact our media team at [email protected].
View source version on businesswire.com: http://www.businesswire.com/news/home/20150629005448/en/ |
