openPR Logo
Press release

Growth of Geothermal Heat Pumps (GHP) Market in Global Industry : Trends and Application 2017

02-16-2017 02:26 PM CET | Energy & Environment

Press release from: Geothermal Heat Pumps

Albany, NY, 16th FEB : Also known as ground source heat pump (GSHP), geothermal heat pumps are devices that can transfer heat to and from the ground for heating or cooling purposes. Though first used in the 1940’s the technology was not commercially available to us until recently.

In these pumps, electrically driven compressors are used to raise the temperature of fluids near ground temperature, to one useful for heating. Such pumps primarily use the inherent heat in the earth’s surface for heating or cooling purposes. In these pumps the earth is used as a heat sink during summertime and as a heat source during the winter. Efficiencies ofGHP’s generally exhibit seasonal variations.

Get PDF for more Professional and Technical insights @ http://www.researchmoz.us/enquiry.php?type=S&repid=195834

The primary driver for this technology is the energy savings it delivers. Apart from saving energy, financial savings are substantial too. Pay back periods for such pumps can be as low as five years along with additional savings in operating expenses. With conventional fuel oil prices rising globally, such heat pumps can provide cheaper and cleaner energy. Since burning of fuel is not required in GHP’s, heating requirements are addressed with little or no pollution from the user’s end. Such pumps are extremely durable in nature and demand very little maintenance. The useful life of GHP’s go up to over 30 years making them extremely cost efficient in the long run. A booming housing sector inemerging economies around the world along with supportive government policies is fuelling the growth of this sector. Certain challenges like an economic slowdown in the U.S. and a faltering construction industry may pose certain challenges for the GHP industry. However as the economy recovers, investor and consumer interest towards installation of such pumps is going to be reinstated. Also the policies supporting these installations before the economic downturn are still in place, and are likely to support the industry as it did in the past.

The geothermal heat pumps may be segmented on the basis of types and end use. The types of heat pumps may be classified as open loop systems, closed loops systems and hybrid systems. Closed loop systems are further sub classified into horizontal, vertical and pond/lake systems. On the basis of end use the classification may be done as residential, commercial, institutional and industrial.

The U.S. has the largest worldwide GHP installed base. European markets are also catching up with large installations in Sweden and Germany. Asian heat pump markets are currently much less established compared to the U.S. or Europe. However recent developments in China and Japan in terms of acceptance of the technology and R&D for the same, are causing significant growth in these regions. Korean markets are growing significantly due to legislative policies being passed by the government. Hence regional segmentations will be done as North America, Europe and Asia Pacific.

Some of the key players in the industry include Aquatherm Industries Inc., FHP Bosch Group, Airgenerate, Climate Master Inc., ECR International Inc. and Nyle Systems among others.

This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

North America
Asia Pacific
Europe
Rest of the World

This report provides comprehensive analysis of

Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years

Make An enquiry @ http://www.researchmoz.us/enquiry.php?type=E&repid=195834

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.

ResearchMoz
90 State Street,
Albany, NY 12207,
United States

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 Growth of Geothermal Heat Pumps (GHP) Market in Global Industry : Trends and Application 2017 here

News-ID: 440053 • Views:

More Releases from Geothermal Heat Pumps

Geothermal Heat Pumps Global Market By Technology (Closed Loop and Open Loop), For Residential and Commercial (New Build and Retrofit) and End-Use Applications, 2014 - 2020
Geothermal Heat Pumps Global Market By Technology (Closed Loop and Open Loop), F …
Researchmoz added Most up-to-date research on "Geothermal Heat Pumps Global Market By Technology (Closed Loop and Open Loop), For Residential and Commercial (New Build and Retrofit) and End-Use Applications, 2014 - 2020" to its huge collection of research reports. This research study is designed to analyze the market for geothermal heat pump globally, in terms of both installed capacity (MWt) and cumulative revenue (USD Billion). The market for geothermal heat pumps
Global Geothermal Heat Pumps Industry Will Grow at a CAGR of 13.1% CAGR During 2 …
Researchmoz added Most up-to-date research on "Geothermal Heat Pumps Market By Technology (Closed Loop and Open Loop), For Residential and Commercial (New Build and Retrofit) and End-Use Applications - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020" to its huge collection of research reports. This research study is designed to analyze the market for geothermal heat pump globally, in terms of both installed capacity (MWt) and cumulative

More Releases for GHP

Geothermal Heat Pump (GHP) Market Rising Demand and Growth Forecast Through 2032
The Geothermal Heat Pump (GHP) Market was valued at approximately USD 9.8 billion in 2023 and is anticipated to reach around USD 20.6 billion by 2032, growing at a compound annual growth rate (CAGR) of about 8.6% from 2024 to 2032. Geothermal Heat Pump (GHP) Market Overview The Geothermal Heat Pump (GHP) Market is witnessing substantial growth due to increasing demand for sustainable and energy-efficient heating and cooling solutions. GHP systems leverage
Geothermal Heat Pump (GHP) Market Will Generate Record Revenue by 2029
Geothermal Heat Pump (GHP) Market is estimated to grow at a CAGR of more than 3.5% during the forecast period. This Geothermal Heat Pump (GHP) Market research report focuses more on a number of distinctive as well as foremost market sectors. It further focuses market segmentation. Industry-specific interviews are carried out with market players to foresee future business growth. Various facets of the industry are also depicted here under each
Geothermal Heat Pump (GHP) Market 2023 Driving Factors Forecast Research 2029
The global geothermal heat pump (GHP) market is estimated to grow at a CAGR of more than 3.5% during the forecast period. This Geothermal Heat Pump (GHP) Market research report focuses more on a number of distinctive as well as foremost market sectors. It further focuses market segmentation. Industry-specific interviews are carried out with market players to foresee future business growth. Various facets of the industry are also depicted here
Geothermal Heat Pump (GHP) Market Size, Share, Impressive Industry Growth, Repor …
The global geothermal heat pump market is estimated to grow at a CAGR of more than 3.5% during the forecast period. Rising demand for geothermal heat pumps in commercial buildings is the major factor contributing to the growth of the market. There is a significant focus on energy savings in commercial and residential buildings as it holds a considerable share in energy consumption. For instance, as per the US in
Geothermal Heat Pump (GHP) Market Trends, Size, Forecast - 2019-2025
The global geothermal heat pump (GHP) market is estimated to grow at a CAGR of more than 3.5% during the forecast period. Increasing demand for renewable energy technologies, rising industrialization across the globe, and increasing focus on energy efficiency protocols are the major factors leading the demand for GHP systems. The GHP is a highly efficient renewable energy technology which is gaining significance in both commercial and residential buildings. These
Geothermal Heat Pump (GHP) Market Size, Share, Trends, Growth and Forecast 2025
The global geothermal heat pump market is estimated to grow at a CAGR of more than 3.5% during the forecast period. Rising demand for geothermal heat pumps in commercial buildings is the major factor contributing to the growth of the market. There is a significant focus on energy savings in commercial and residential buildings as it holds a considerable share in energy consumption. For instance, as per the US in