Press release
Geothermal Heat Pump Market Research Report 2019 | Industry Analysis, Share and Top Key Players Trane, Vaillant, Glen Dimplex, Daikin
Technological advancement in the designing of GHP system to enhance efficiency and reduce cost will fuel the geothermal heat pump market. In February 2015, Nortek Global HVAC launched EarthDirEX model Y1SA geoexchange heat pump. The system offers less drilling cost and delivers 3.8+ COP heating and 19+ EER cooling in 2 to 5 ton capacities. Moreover, introduction of several incentives including zero interest rate loan, green bond and direct grants to promote the utilization of renewable technologies will further boost the product demand.
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Open loop accounted for over 15% of ground source heat pump market share in 2017. Improved efficiency, lower installation cost and ability to minimize delay time and curtail heat transfer loss are some of key features supporting the product penetration.Commercial application will witness growth on account of surging demand for replacement and retrofit of existing heating and cooling systems along with increasing investment toward infrastructural development. Moreover, positive outlook toward renewable technologies along with favourable measures to minimize carbon emissions will further stimulate the industry dynamics.
Introduction of net zero emissions building norms along with growing demand for sustainable heating and cooling systems will fuel the Sweden geothermal heat pump market share. Favourable measures to reduce import dependency and enhance energy security along with shift in trends to enhance living standards will further propel the industry outlook.The U.S. market is set to growth on account of positive outlook toward the adoption of renewable technology coupled with availability of constant shallow ground temperature across the country. Growing demand to minimize heat consumption from fossil fuel driven systems to reduce carbon footprints will further stimulate the industry dynamics. Stringent energy efficiency standards and codes have been introduced by regulators to curtail GHG emissions. For instance, in 2015, the U.S. introduced New Source Performance Standard to minimize carbon emissions.
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Major players in the geothermal heat pump (GHP) market include Bryant Heating & Cooling Systems, Carrier, Mitsubishi Electric, MODINE, Glen Dimplex, Bard HVAC Trane, Daikin, Viessmann, Bosch Thermotechnology, Vaillant, Spectrum, Earthlinked Technologies, OCHSNER Warmepumpen, Nortek Global HVAC, Danfoss, Green Planet Supply Technologies, NIBE, ClimateMaster, WaterFurnace and Stiebel Eltron.
Partial Table of Contents (ToC) of the report:
Chapter 4. Global Geothermal Heat Pump Market, By Product
4.1. Global geothermal heat pump market share by product, 2017 & 2024
4.2. Open Loop
4.2.1. Market estimates and forecast, 2013 – 2024
4.2.2. Market estimates and forecast, by region 2013 – 2024
4.3. Closed Loop
4.3.1. Market estimates and forecast, 2013 – 2024
4.3.2. Market estimates and forecast, by region 2013 – 2024
4.3.3. Vertical
4.3.3.1. Market estimates and forecast, 2013 – 2024
4.3.3.2. Market estimates and forecast, by region 2013 – 2024
4.3.4. Horizontal
4.3.4.1. Market estimates and forecast, 2013 – 2024
4.3.4.2. Market estimates and forecast, by region 2013 – 2024
4.4. Pond Loop
4.4.1. Market estimates and forecast, 2013 – 2024
4.4.2. Market estimates and forecast, by region 2013 – 2024
Chapter 5. Global Geothermal Heat Pump Market, By Application
5.1. Global geothermal heat pump market share by application, 2017 & 2024
5.1.1. Residential
5.1.1.1. Market estimates and forecast, 2013 – 2024
5.1.1.2. Market estimates and forecast, by region 2013 – 2024
5.1.2. Commercial
5.1.2.1. Market estimates and forecast, 2013 – 2024
5.1.2.2. Market estimates and forecast, by region 2013 – 2024
5.1.2.3. Educational Institutes
5.1.2.3.1. Market estimates and forecast, 2013 – 2024
5.1.2.3.2. Market estimates and forecast, by region 2013 – 2024
5.1.2.4. Healthcare
5.1.2.4.1. Market estimates and forecast, 2013 – 2024
5.1.2.4.2. Market estimates and forecast, by region 2013 – 2024
5.1.2.5. Retail
5.1.2.5.1. Market estimates and forecast, 2013 – 2024
5.1.2.5.2. Market estimates and forecast, by region 2013 – 2024
5.1.2.6. Logistics & transportation
5.1.2.6.1. Market estimates and forecast, 2013 – 2024
5.1.2.6.2. Market estimates and forecast, by region 2013 – 2024
5.1.2.7. Offices
5.1.2.7.1. Market estimates and forecast, 2013 – 2024
5.1.2.7.2. Market estimates and forecast, by region 2013 – 2024
5.1.2.8. Hospitality
5.1.2.8.1. Market estimates and forecast, 2013 – 2024
5.1.2.8.2. Market estimates and forecast, by region 2013 – 2024
5.1.2.9. Others
5.1.2.9.1. Market estimates and forecast, 2013 – 2024
5.1.2.9.2. Market estimates and forecast, by region 2013 – 2024
Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/geothermal-heat-pump-market
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: mailto:sales@gminsights.com
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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