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PPT for Geothermal Heat Pump Market Analysis, 2017 - 2024.

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Geothermal Heat Pump Market Size By Product (Open Loop, Closed Loop (Vertical, Horizontal)), By Application (Residential, Commercial (Government Center, Office Buildings, Educational Institutes)), Industry Analysis Report, Regional Outlook (U.S., Canada, Sweden, Germany, France, Finland, Austria, Netherland, China, South Korea, Japan, Switzerland), Price Trends, Competitive Market Share & Forecast, 2017 – 2024 – PowerPoint PPT presentation

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Title: PPT for Geothermal Heat Pump Market Analysis, 2017 - 2024.


1
Geothermal Heat Pump Market Trends, Share,
Industry Outlook Forecast 2017 - 2024
Geothermal Heat Pump Market Size By Product (Open
Loop, Closed Loop (Vertical, Horizontal)), By
Application (Residential, Commercial (Government
Center, Office Buildings, Educational
Institutes)), Industry Analysis Report, Regional
Outlook (U.S., Canada, Sweden, Germany, France,
Finland, Austria, Netherland, China, South Korea,
Japan, Switzerland), Price Trends, Competitive
Market Share Forecast, 2017 2024
2
Global Market Scenario of Geothermal Heat Pump
  • Geothermal Heat Pump Market size is set to
    exceed USD 130 billion by 2024, according to a
    new research report by Global Market Insights,
    Inc.
  • Growing demand for energy efficient space heating
    systems from cold climatic regions, especially in
    North America and Europe, will drive the
    geothermal heat pump market size.
  • In the U.S., GHP installation in the Southern
    states accounted for 35, the North East was 20,
    Midwest at 34 and Western region stood at 11.
  • Introduction of various incentives including RHI,
    financial assistance and tax rebate to encourage
    the adoption of sustainable heating and cooling
    system will drive the U.S. geothermal heat pump
    market.

3
Europe Geothermal Heat Pump Market Size, By
Product, 2016 2024 (MWt)
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4
Products Insights
  • Closed loop accounted for over 75 of global
    geothermal heat pump market share in 2016. Higher
    efficiency, reliability and flexibility are some
    of the key features which makes it adoption
    preferable over conventional systems. Lower life
    cycle and OM cost will further complement the
    business growth. These systems can be install
    either horizontally or vertically depending on
    plot size. Vertical installation is mostly
    preferred owing to less space requirement. Low
    installation cost requirement owing to absence of
    drilling rig and pipes will positively impact
    open loop geothermal heat pump market.
  • Rising investments towards energy efficient
    building infrastructure along with introduction
    of net zero emissions building regulation will
    propel the commercial geothermal heat pump
    market. In 2016, Lloyd bank announced to invest
    approximate USD 1 billion for commercial property
    to cut carbon dioxide emission from their real
    state asset.

5
Regional and Competitive Insights
  • U.S. geothermal heat pump market size for 2016
    was valued over USD 20 billion. Availability of
    constant shallow ground temperature throughout
    the country will boost the product demand.
    According to EPA, the geothermal systems help to
    cut 44 of energy consumption when compared with
    other available alternatives.
  • South Korea geothermal heat pump market for 2016
    accounted over 6 of Asia Pacific share.
    Introduction of various government subsidy
    program including Regional Deployment Program,
    Residential House Program and Building Deployment
    Program will augment the industry size. This
    program helps to provide 50 of the total
    installation cost.
  • Major participants in geothermal heat pump market
    are NIBE, Robert Bosch, Kensa Heat Pumps, Finn
    Geotherm, Stiebel Eltron, Glen Dimplex, Trane,
    Ecoforest, Climate Master, MODINE, Danfoss,
    Carrier, Bryant Heating Cooling Systems,
    Viessmann, WaterFurnace, Bard HVAC, Vaillant
    Group, and Green Planet Supply.

6

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