What's driving the 'U.S Geothermal Heat Pump Market' trends? Viessmann,Daikin,Mitsubishi Electric,Trane,Danfoss

U.S. Geothermal Heat Pump (GHP) Market size will surpass USD 2 Billion by 2024 .Rising focus to enhance energy security, improve climatic condition coupled with government reforms to minimize carbon emissions will provide stimulus to the U.S. geothermal heat pump market size. Increasing penetration of renewable energy technologies along with strict government norms and mandates toward green building infrastructure will further complement the industry dynamics. In 2018, U.S. EPA established International Green Construction Code to improve the environmental performance and health of building, sites and structures.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT* analysis:
1. Viessmann
2. Bosch Thermotechnology
3. Carrier
4. Bryant Heating & Cooling Systems
5. WaterFurnace
6. OCHSNER Warmepumpen
7. Nortek Global HVAC
8. Glen Dimplex
9. Daikin
10. Bard HVAC
11. Earthlinked Technologies
12. Mitsubishi Electric
13. Trane
14. Danfoss
15. Green Planet Supply Technologies
16. NIBE
17. Spectrum
18. Vaillant
19. ClimateMaster
20. MODINE and Stiebel Eltron...

Growing demand for durable, continuous, reliable and energy efficient system to reduce energy consumption across the residential and commercial establishments will propel the U.S. geothermal heat pump market share. Increase in disposable income of individuals, demographic change, improved living standards and strong purchasing power parity are some of key parameters positively influencing the demand for energy consumption. The GHP utilizes 20% to 50% less energy than conventional heating or cooling systems. The soaring prices of electricity and crude oil have boosted the demand for energy efficient technologies. However, the high installation cost of geothermal heat pump is a major factor restraining the industry growth.

West North Central geothermal heat pump market is predicted to reach over USD 500 million by 2024. Surging demand for sustainable and efficient space heating and cooling system subject to accelerating investments toward the construction of single and multi- housing units will boost the product demand. Government measures to promote the adoption of green technologies along with stringent norms pertaining to GHG emissions will further augment the business outlook.

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U.S. Geothermal Heat Pump Market report Segments:

U.S. Geothermal Heat Pump Market, By Product
• Closed Loop
o Vertical
o Horizontal
• Open Loop

U.S. Geothermal Heat Pump Market, By Application
• Residential
• Commercial
o Government Centers
o Educational Institutes
o Office Buildings
o Others

Geothermal 'heat pump market' (GHP) share from closed loop is anticipated to witness growth due to growing demand for energy efficient heating system from residential and commercial sectors across cold climatic region. Improved reliability and low maintenance & operating cost are the few highlighted features that will fuel the product penetration. In addition, the vertical installation is preferred over horizontal on account of its less space requirements.

Residential GHP market size is anticipated to witness growth on account of growing demand for flexible system which can easily integrate with conventional HVAC system in existing and new constructed building structure. Shift in trend to improve living standards along with rising focus to reduce electricity consumption will further augment the industry landscape.

North East geothermal heat pump (GHP) market is anticipated to reach over 55 thousand units by 2024. Abundant availability of shallow ground temperature along with introduction of several incentives and initiatives to enhance the utilization of geothermal energy will positively influence the industry dynamics.

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Key participants across geothermal heat pump market include. Viessmann, Bosch Thermotechnology, Carrier, Bryant Heating & Cooling Systems, WaterFurnace, OCHSNER Warmepumpen, Nortek Global HVAC, Glen Dimplex, Daikin, Bard HVAC, Earthlinked Technologies, Danfoss,Mitsubishi Electric, Trane, Danfoss, Green Planet Supply Technologies, NIBE, Spectrum, Vaillant, ClimateMaster, MODINE and Stiebel Eltron.

Report Content

Chapter 1 Methodology & Scope

1.1 Methodology

1.2 Market definitions

1.3 Market estimation & forecast parameters

1.4 Data Sources

1.4.1 Primary

1.4.2 Secondary

1.4.2.1 Paid Sources

1.4.2.2 Public Sources

Chapter 2 Executive Summary

2.1 U.S. geothermal heat pump 3600 synopsis, 2013 – 2024

2.1.1 Business trends

2.1.2 Product trends

2.1.3 Application trends

2.1.4 Regional trends

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Chapter 3 U.S. Geothermal Heat Pump Industry Insights

3.1 Industry segmentation

3.2 Industry landscape, 2014 – 2024

3.3 Industry ecosystem analysis

3.3.1 Vendor matrix

3.3.2 Distribution Channel

3.4 U.S. new housing units and heat pump penetration

3.5 Innovation & sustainability

3.5.1 Danfoss

3.5.2 Modine

3.5.3 Bosch Thermotechnology

3.5.4 WaterFurnace

3.5.5 Nortek Global

3.6 Price trend analysis

3.6.1 Cost Structure analysis

3.6.2 Life cycle cost analysis

3.6.2.1 Cost Parameters

3.6.2.2 Data Types and Sources

3.6.2.3 Assumptions

3.6.2.4 Results

3.6.2.5 Case 1 (Residential)

3.6.2.6 Life Cycle Cost Analysis

3.6.2.7 Case 2 (Commercial)

3.6.2.8 Life Cycle Cost Analysis

3.6.2.9 Inferences

3.6.3 Comparative analysis with other available heat pumps

3.7 Heat pump price, by company

3.8 Installation Cost

3.8.1 Loop installation prices

3.8.1.1 Levelized loop installation price by region

3.8.2 Drilling prices

3.8.3 Mechanical equipment installations by building type

3.8.4 Average mechanical equipment installation prices by GHP type

3.8.4.1 Levelized mechanical equipment installation price by region

3.8.5 Case studies

3.9 Regulatory landscape

3.9.1 U.S.

3.9.1.1 International Ground Source Heat Pump Association

3.9.1.2 Bipartisan Budget Act of 2018

3.9.1.3 Fannie Mae Green Initiative

3.9.1.4 Massachusetts Clean Energy Center Ground-Source Heat Pump Grants

3.9.1.5 Energy Improvement and Extension Act of 2008 (EIEA2008)

3.10 Industry impact forces

3.10.1 Growth drivers

3.10.1.1 Increasing demand for energy-efficient systems

3.10.1.2 Favourable measures to reduce carbon footprints

3.10.2 Industry pitfalls & challenges

3.10.2.1 High upfront cost

3.11 Market entry barrier

3.12 Customer group requirement

3.12.1 Residential

3.12.2 Commercial

3.13 Growth potential analysis

3.14 Porter’s Analysis

3.15 Competitive landscape, 2017

3.15.1 Strategy dashboard

3.15.1.1 Danfoss

3.15.1.2 Vaillant Group

3.15.1.3 NIBE

3.15.1.4 Modine

3.15.1.5 Bosch Thermotechnology

3.15.1.6 Carrier

3.15.1.7 Daikin

3.15.1.8 Glen Dimplex

3.16 PESTEL Analysis

Chapter 4 U.S. Geothermal Heat Pump Market, By Product

4.1 U.S. geothermal heat pump market share by product, 2017 & 2024

4.2 Open Loop

4.2.1 U.S. market from open loop, 2013 - 2024

4.2.2 U.S. market from open loop, by region, 2013 – 2024

4.3 Closed Loop

4.3.1 U.S. market from closed loop, 2013 - 2024

4.3.2 U.S. market from closed loop, by region, 2013 – 2024

4.3.3 Vertical

4.3.3.1 U.S. market from vertical, 2013 - 2024

4.3.3.2 U.S. market from vertical, by region, 2013 – 2024

4.3.4 Horizontal

4.3.4.1 U.S. market from horizontal, 2013 - 2024

4.3.4.2 U.S. market from horizontal, by region, 2013 – 2024

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