International. According to the Technavio report, the global geothermal heat pump (GHP) system market is expected to increase at a compound annual growth rate (CAGR) of 15.50% during the period 2013-2018.
According to the report, these are some of the prominent merchants of this class of products Carrier Corp., Neura AG, Robert Bosch GmbH, and Tran Inc. Others mentioned are EarthLinked Technologies Inc., Enertech Global LLC, Geothermal Heat Pumps Inc., Heat Controller, Ochsner Wärmepumpen GmbH, Spectrum Manufacturing LLC, and WaterFurnace Renewable Energy Inc.
This research determined that the global market for GHP systems has also witnessed the rise of technological advancements. However, the need to achieve high levels of initial investment could pose a challenge to the growth of this market.
