A geothermal heat pump or ground source heat pump GSHP is a central heating and/or cooling system that transfers heat to or from the ground. It uses the earth all the time, without any intermittency, as a heat source in the winter or a heat sink in the summer .
Scope of the Report:
Geothermal heat pump systems consist of the heat pump unit, the ground heat exchanger, and the air delivery system ductwork . The heat exchanger has a system of pipes called a loop, which is buried in the ground near the building. Fluid will circulate within the heat exchanger system. The pump exchanger either takes the heat from the building and transfers it to the ground or absorbs the heat from the ground and uses it to warm the house. The main advantage of geothermal heat pumps is that they use the stable underground temperature to increase the efficiency and decrease the operational cost of the cooling and heating systems. Global geothermal heat pump market size in 2017 was valued over USD 3 billion and the annual installation is projected to exceed 873 thousand units by 2025.
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Growing concerns toward environmental sustainability and energy security along with shifting trends toward bio economy-based development will drive the global geothermal heat pump market size. Introduction of energy efficiency protocols by regulators with an aim to reduce carbon footprint will further propel the industry outlook. In 2016, Government of Germany introduced Climate Action Plan 2050 across the nation with an aim to curb GHG emissions up to 55% by 2030 compared with 1990 levels.
The worldwide market for Geothermal Heat Pump is expected to grow at a CAGR of roughly 10.6% over the next five years, will reach 6020 million US$ in 2024, from 3640 million US$ in 2019, according to a new Planet Market Reports study.
This report focuses on the Geothermal Heat Pump in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
Market Segment by Regions, regional analysis covers
North America United States, Canada and Mexico
Europe Germany, France, UK, Russia and Italy
Asia-Pacific China, Japan, Korea, India and Southeast Asia
South America Brazil, Argentina, Colombia etc.
Middle East and Africa Saudi Arabia, UAE, Egypt, Nigeria and South Africa
Market Segment by Type, covers
Vertical Closed Loop
Horizontal Closed Loop
Market Segment by Applications, can be divided into
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There are 15 Chapters to deeply display the global Geothermal Heat Pump market.
Chapter 1, to describe Geothermal Heat Pump Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Geothermal Heat Pump, with sales, revenue, and price of Geothermal Heat Pump, in 2017 and 2018;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2017 and 2018;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Geothermal Heat Pump, for each region, from 2014 to 2019;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2014 to 2019;
Chapter 12, Geothermal Heat Pump market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024;
Chapter 13, 14 and 15, to describe Geothermal Heat Pump sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
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Name: Jennifer Daniel
Organization: Planet Market Reports