October 16, 2018: The United States Hybrid Geothermal Heat Pump Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe. A geothermal heat pump is a heating or cooling system, which uses the constant temperature of the Earth to exchange heat through a heat exchanger to warm or cool infrastructure. They have various advantages such as eco-friendly, low expenditure, efficacy, etc. A hybrid system is one that employs numerous geothermal resources, or a combination of a geothermal resource with outdoor air.
The factors that propel the growth of the Hybrid Geothermal Heat Pump Industry include increasing demand, rapid urbanization & industrialization, and product development & technological innovations. In addition, some of the key factors that drive the market growth include increasing energy consumption, rising R&D undertakings, environment friendly system, awareness among consumers and rise in disposable income.
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US Hybrid Geothermal Heat Pump Market is classified on the basis of product type, applications, distribution channel and geography. United States Hybrid Geothermal Heat Pump Market is segmented by product type as Single-Stage Type and Two-Stage Type. The market is classified on applications as Commercial Use, Hospital Use, Residential Use, School Use, and others.
Some of the key players that fuel the growth of the United States Hybrid Geothermal Heat Pump Market include ClimateMaster, Carrier (United Technologies Corp), Crossfield Heating, CGC Group, Kensa Heat Pumps, Sustainable Sources, and others. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
Geographically, this report splits the United States market into seven regions:
- The West
- The Middle Atlantic
- New England
- The South
- The Midwest
with sales (volume), revenue (value), market share and growth rate of Hybrid Geothermal Heat Pumps in these regions, from 2013 to 2025 (forecast).
United States Hybrid Geothermal Heat Pumps market competition by top manufacturers/players, with Hybrid Geothermal Heat Pumps sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including
- Sustainable Sources
- Crossfield Heating
- CGC Group
- Kensa Heat Pumps
- Carrier (United Technologies Corp)
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
- Single-Stage Type
- Two-Stage Type
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate for each application, including
- Commercial Use
- Residential Use
- School Use
- Hospital Use
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