ABSTRACT
About Geothermal Heat Pump

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.

Technavio’s analysts forecast the global geothermal heat pump market to grow at a CAGR of 12.04% during the period 2017-2021.


Covered in this Report
The report covers the present scenario and the growth prospects of the global geothermal heat pump market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA



Technavio’s report, Global Geothermal Heat Pump Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.


Key Vendors

  • Carrier Corporation
  • Danfoss
  • Mitsubishi Electric
  • NIBE



Other Prominent Vendors

  • BDR Thermea
  • Bosch Thermotechnology
  • Bryant Heating & Cooling systems
  • CIAT
  • Hitachi Appliances
  • LSB Industries
  • SIRAC




Market Driver

  • Rising global energy consumption coupled with recovery in the housing sector.
  • For a full, detailed list, view our report




Market Challenge

  • Competition from refurbished pumps.
  • For a full, detailed list, view our report




Market Trend

  • Federal tax credits for retrofitting.
  • For a full, detailed list, view our report




Key Questions Answered in this Report

  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?




You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.



Methodology
Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.