Thermally Driven Heat Pump Market Analysis by Product Type, Technology and Region Forecast to 2023

Thermally driven heat pumps are gaining huge popularity with the growing emphasis on being eco-friendly. Some of the major factors driving the thermally driven heat pumps market include soaring demand for renewable energy, rising oil and electricity prices and growing measures to reduce carbon footprints, globally.

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Thermally driven heat pump is a combination of solar thermal collector and compression heat pump. Such systems require thermal energy to drive the cycle and electricity, only for secondary components like pumps, to flow the working fluid. Thermally driven heat pumps recover thermal energy and supply it to processes after raising the quality of the recovered heat. These systems are chiefly used for cooling purposes; however, they also have the capability to work as heat pumps, efficiently.

Key technologies used in thermally driven heat pumps are absorption and adsorption. On the basis of these techniques, they are categorized into absorption pumps, which use high-temperature heat; and adsorption pumps, which integrate low-temperature energy and convert it to a higher temperature.

Growing amount of greenhouse gas emissions, consisting largely of carbon dioxide and the consequent increase in carbon footprint, is the key factor responsible for climate change that has led to global warming. Shifting rainfall patterns and rising temperatures are altering the budding patterns of plants. Carbon footprint is also posing a significant threat on the global economic system. It is affecting local economies dependent on land and natural resources, the most.

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Due to all these negative effects of increasing carbon footprints, governments across the globe are focusing on reducing their carbon footprints. One of the simplest ways to reduce carbon footprint is to minimize the wastage of energy.

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Some of the key players operating in the global market include Tranter Solarice, Pink Heating Limited, AGO AG Energie + Anlagen, Robur S.p.A, SaltX Technology Holding AB, Carrier Klimatechnik GmbH Jiangsu Huineng, and New Energy Technology Co. Ltd..

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