Geothermal Heat Pumps Market Forecast 2014 - 2020

Transparency Market Research

Geothermal Heat Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020

Published Date 29-Jan-2015

155 Page Report

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Global Geothermal Heat Pump Installed Capacity and Market Revenue is Anticipated to reach 119,303.66 MWt and USD 130.50 billion, respectively, by 2020

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Geothermal Heat Pumps Market

REPORT DESCRIPTION

Geothermal Heat Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020 Transparency Market Research has released a new market report titled Geothermal Heat Pumps Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2020. According to this report, the global installed capacity for geothermal heat pumps stood at 52,638.18 MWt in 2013 and is expected to reach 119,303.66 MWt by 2020, at a CAGR of 12.8% from 2014 to 2020. In terms of revenue, the global geothermal heat pumps market was valued at USD 55.30 billion in 2013 and is anticipated to reach USD 130.50 billion by 2020, at a CAGR of 13.1% from 2014 to 2020. Browse Geothermal Heat Pumps Market Report with Full TOC at http://www.transparencymarketresearch.com/geothermal-heat-pumps-market.html Geothermal heat pump is a renewable heating technology which utilizes the earth as both a heat source and heat sink. Geothermal heat pumps have proved to be highly capable of substituting conventional heating, ventilating, and air conditioning (HVAC) systems globally. These heat pumps are a method of directly utilizing geothermal energy for heating a building. Apart from heating, these systems can be customized to provide cooling as well as hot water when required. Geothermal heat pumps are a widely accepted technology in North America and Europe....