Reportstack has announced a new market research publication on Global Geothermal Heat Pump (GHP) System Market which finds development of inverter-based GHP systems as a key trend affecting this market. The analysis is for the forecast period 2014-2018.
As per research analysis, GHP system manufacturers are investing more in their R&D activities in order to offer end-users innovative solutions with better control systems and display techniques.
A large number of international, local, and regional vendors are offering customized and sector-specific GHPs at affordable prices. However, as international players are increasing their footprint, local vendors are finding it difficult to compete with them, especially on quality and the additional features of heat pumps.
The competitive business environment in this market will be intensifying, with an increase in product extensions and technological innovations, and an increase in mergers and acquisitions. International players will be growing inorganically during the forecast period by acquiring regional or local players, while it will be extremely difficult for regional players to make it big due to high capital investment requirement.
To determine the scenario for these vendors in the next 3-4 years, analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentation, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
To view the table of contents and know more details please visit Development of Inverter-based GHP Systems is a Key Trend Affecting the Global Geothermal Heat Pump (GHP) System Market report.
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