openPR Logo
Press release

Geothermal Heat Pumps Market’s Key Threat: Air Source Heat Pumps

04-20-2016 01:06 PM CET | Energy & Environment

Press release from: Transparency Market Research

Geothermal Heat Pumps Market’s Key Threat: Air Source Heat

The global geothermal heat pumps market is driven by the rising focus of consumers on low-cost energy alternatives. Furthermore, the significant cost savings along with the environmental benefits associated with geothermal heat pumps will also drive the market. The attractive payback period associated with the installation of geothermal heat pumps in newly-built or green homes is also propelling the global geothermal heat pumps market. Another key factor driving the global geothermal heat pumps market is the highly reliable nature of the overall system and the easy financing available to consumers.

Nevertheless, there are certain challenges that will suppress the global geothermal heat pumps market. One of the key challenges for the global geothermal heat pumps market is threat from substitute technologies. Air source heat pumps are one of the top threats to the global geothermal heat pumps market.

Get free research PDF for more Professional and Technical insights: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1984

Air Source Heat Pumps vs. Geothermal Air Heat Pumps

Traditionally, electricity is considered one of the more expensive ways to heat a building. For example, 1 kWh of electricity costs around 3 times more than that of gas. Unlike conventional electricity radiators, which convert 1kWH into 1 unit of usable heat, a heat pump converts 1kWh into more than 3 units of usable heat. These benefits of cost savings and effectiveness associated with heat pumps are driving their popularity among consumers.

However, consumers are often comparing air source heat pumps and geothermal heat pumps to gauge the most cost-effective solution. This will prove a key threat to the global geothermal heat pumps market. Let us look at the features of air source pumps and why they are challenging the global geothermal heat pumps market:

Cost: The cost of installing an air source heat pumps is much lower as compared to a ground source/geothermal source heat pump. Installing a geothermal heat pump in a house is three times more expensive than an air source pump, as the former involves drilling a hole in the ground.
Land Requirements: Air source heat pump (ASHP) systems look similar to AC units seen in office buildings. On the other hand, a ground heat source pump (GHSP) needs burying pipes in the garden. Even in case the geothermal heat pumps are installed vertically, the bore drilling machinery still needs access to the garden.
Efficiency: GHSPs draw heat from the ground while ASHPs from the air. In terms of efficiency, geothermal heat pumps win hands down as they draw energy from the ground, which doesn’t experience the same temperature fluctuations as that of air above the ground level. In addition to this, geothermal heat pumps function better during all seasons as compared to air source heat pumps.

Browse Industry Research Press Release: http://www.transparencymarketresearch.com/pressrelease/geothermal-heat-pumps-industry.htm

The cost and land benefits associated with air source heat pumps will continue to threaten the global geothermal heat pumps market. Nevertheless, GHSPs remain the most efficient way to heat or cool a structure, which will continue to drive the global geothermal heat pumps market.

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Mr.Sudip S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Geothermal Heat Pumps Market’s Key Threat: Air Source Heat Pumps here

News-ID: 334091 • Views: 1144

More Releases from Transparency Market Research

Readout Integrated Circuits (ROIC) Market Share, Trends And Analysis By TMR
The readout integrated circuit (ROIC) is a silicon chip that contains circuits that amplify, integrate, and multiply the charge of weak detectors. ROICs are compatible with different types of detectors such as infrared and ultraviolet. The main purpose of ROIC is to accumulate the photocurrent from each pixel and transfer the resulting signal to the output tap for reading. Get Report Details- https://www.transparencymarketresearch.com/readout-integrated-circuits-roic-market.html The ROIC has a high speed analog output for
Depression Drugs Market Overview, High Growth Opportunities, Segmentation, Trend …
Depression Drugs Market: Introduction According to the report, the global depression drugs market was valued at US$ 18.9 Bn in 2019 and is projected to expand at a CAGR of 2.3% from 2020 to 2030. Major depressive disorder (MDD), schizophrenia and bipolar I disorder, Obsessive-Compulsive Disorders (OCD), and anxiety disorder are some of the different types of depression. Various drug classes are used to treat depression. These include Selective Serotonin Reuptake
Ion Beam Technology Market Estimated To Witness 8.5% CAGR Over The Next Five Yea …
As nanoscience and technology pave the way for faster, more flexible, and more powerful electronics than ever before, scientists and researchers are constantly working on advanced techniques to speed up the development of such technologies. In recent years, the ion beam technology market has garnered substantial interest, for application of this technology in nanomaterials synthesis and the fabrication of nanoscale devices with unique optical and magnetic properties. In addition to
Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Forecast And Analysis
The automated switchgear operation is preferred over conventional operations in the smart grid. In an automated substation, all operations are carried out through automated systems, since they are more efficient and require less manpower. Automated substation also promotes energy-efficiency and ensures better utilization of assets, thereby it continuously provides uninterrupted power flow through smart grid. Get Report Details- https://www.transparencymarketresearch.com/lv-mv-switchgear-industry.html The rise in need for automatic switchgear solutions for the integration of renewable

All 5 Releases


More Releases for Heat

Heat Exchangers Market
The global heat exchanger market size is estimated at $15.3 billion in 2019, and is expected to grow by 6.0% annually to reach $20.5 billion by 2025. Heat exchangers are the main equipment or devices when it comes to heat transfer and energy saving. It is a device that transfers energy between two or more process fluids. Various types of heat exchangers have been developed for a wide range of domestic
Keeping the heat out
Vertical roller blinds make sure the house stays cool and save energy at the same time. Climate change has been blessing / cursing us with hot summers for a few years already. To keep temperatures bearable in house, air conditioning units and fans are being used more and more. However, these tend to use a lot of power. Consequently it makes more sense to shade large vertical areas of glass with
Moving from heat waste to heat recovery
The project Mitsubishi Electric Hydronics & IT Cooling Systems, through its brand Climaveneta has recently supplied two heat pumps for Fortum’s district heating in Espoo, Finland. Fortum, a Finnish energy company, will utilize waste heat from a data center and supply the heat into a district heating network. The data center belongs to Ericsson, a multinational networking and telecommunications equipment and services company based in Sweden. A win-win solution Ericsson needed more cooling
Global Heat Pipe Heat Exchanger Market Research Report 2017
Summary This report studies Heat Pipe Heat Exchanger in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering Mitsubishi Electric Corporation Nortek Air Solutions Munters Corporation Greenheck RenewAire DRI Innovative Air Solutions Reznor Zehnder America Ruskin Rooftop System Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth
Global Heat Pumps Market 2017 - Vaillant , Trane, Thermia Heat Pumps
The report entitled Global Heat Pumps Market 2017 presents key insights into the global Heat Pumps market along with the latest up-to-date industry details and forthcoming Heat Pumps industry trends, which will assist the readers to focus on product specification and end users driving the overall market revenue and profitability. Report Keynotes: The main motive of the report on "Global Heat Pumps Market 2017" is to study comprehensive details of the market
Heat Shrinkable Tubing,Heat Shrink Tubing
Yamuna Cable Accessories Ltd is a stocking distributor of premium brand specialist equipment to the Electronics, the background of our personnel includes cable accessories. The product line is dedicated to accessories and auxiliary equipment needed to manufacture cable. We use the best quality of raw materials & machines to manufacture these accessories. his in depth understanding and knowledge aids in the integration of the integration of accessories to the entire