PPT-Geothermal Heat Pump Market: Global Market Insights, Inc. - PowerPoint PPT Presentation

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PPT-Geothermal Heat Pump Market: Global Market Insights, Inc.


Geothermal Heat Pump Market Size, Industry Analysis Report, Regional Outlook, Application Development, Competitive Market Share & Forecast, 2016 - 2023 – PowerPoint PPT presentation

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Title: PPT-Geothermal Heat Pump Market: Global Market Insights, Inc.

Geothermal Heat Pump Market 2016 2023
Global Market Scenario of Geothermal Heat Pump
  • Geothermal heat pump market size is anticipated
    to exceed USD 130 billion by 2023, growing at
    over 13 CAGR from 2016 to 2023.
  • Escalating need for low cost energy substitutes
    owing to rising oil prices is likely to drive
    industry demand over the forecast period. In
    addition, consequent hike in electricity and
    energy cost is forecast to positively impact the
    geothermal heat pump market size. 
  • These products are majorly used for cooling or
    heating the interiors of an entire building and
    pool water. They are also known as ground source
    heat pump and transfer the heat stored in the
    ground into a building during winters and
    vice-versa during summers.
  • Installation of ground loops is mandatory during
    the system's setup in order to provide platform
    for the heat exchange process. On the basis of
    technology, the geothermal heat pumps market
    includes open loop and closed loop systems.
  • https//www.gminsights.com/industry-analysis/geoth

  • These systems are predicted to occupy
    significant industry share owing to wide usage.
    As of 2015, they accounted for more than 80 of
    the installation across the globe.
  • Open loop systems offer high efficiency and are
    highly dependent on the availability of adequate
    groundwater reserves.
  • Increasing demand from countries such as India
    and China is likely to provide massive growth
    prospects to industry players.
  • Attractive payback period associated with the
    installation of these products in newly-built or
    green homes is expected to positively impact
    demand over the forecast period. In addition,
    easy financing along with high reliability
    offered by these devices is forecast to fuel the
    geothermal heat pumps market demand over the next
    seven years.
  • Get more detail _at_
  • https//www.gminsights.com/industry-analysis/geoth

360 Analysis
  • Application Analysis
  • Horizontal systems require digging trenches for
    installing the ground loops. However, vertical
    systems require drilling of vertical boreholes
    for placing the loops. The aforementioned
    products primarily find significance in low space
    applications, and are ideally used in closed loop
  • Regional Analysis
  • Europe geothermal heat pumps market share is
    expected to witness high growth prospects.
    Sweden, Germany, France, and Switzerland are
    predicted to be key industries owing to rising
    replacement needs across the region. Asia Pacific
    is forecast to grow at a steady pace over the
    next seven years. China geothermal heat pump
    market size is likely to be the most attractive
    segment between 2016 and 2023. 
  • Competitive Market Share
  • Industry participants occupying substantial share
    include Dimplex, GeoMaster, WaterFurnace
    International, Bryant Heating and Cooling
    Systems. Other prominent industry players are
    Climatemaster, Danfoss, Enertech Global, NIBE,
    Kensa, and Ice Energy Technologies.Get more
    detail _at_
  • https//www.gminsights.com/industry-analysis/geoth


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