Global Geothermal Heat Pump Market 2015-2019

Global Geothermal Heat Pump Market 2015-2019

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USA – CANADA – UK – CHINA – INDIA


The report discusses the following in-depth:

• Market Size and Forecast

• Market Segmentation

• Buying Criteria

• Vendor Landscape

• Business Segmentation

• Geographical Segmentation

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Key Trends

Technavio’s Senior Analyst says, “The market exhibits immense potential to grow, and is likely to grow steadily because of the emergence of several new trends in the market. Geothermal heat pump system manufacturers are investing more in R&D to offer end-users innovative solutions with better control systems and display techniques.”

• Geothermal heat pumps, also known as ground source heat pumps, are energy-efficient and cost-effective devices used for the heating and cooling of the interior of an entire building. The technology used in geothermal heat pumps is based on the fact that the ground temperature is always relatively constant, warmer than the air in winter and cooler than the air in summer.

• Technavio’s analysts forecast the global geothermal heat pump market to grow at a CAGR of 15.26% over the period 2015-2019.

• Understanding the key drivers influencing the market

• Understanding the challenges faced by the market

• Activities of various stakeholders involved

• Key focus areas for the vendors

• Major trends that will shape the future of this market

• Vendor landscape and trajectory of the market

• Conclusion

Scope of The Report

A detailed analysis of each market driver, challenge

and trend isavailable in our report:



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Vendors

To understand the vendor landscape and for a full list of

vendors view our report:


Bosch

Carrier

Danfoss

Bosch, founded in 1886, is headquartered in Stuttgart, Germany. It is a leading supplier of technology and services globally. The company operates in four main segments: automotive technology, consumer goods, industrial technology, and energy and building technology.

Carrier was founded in 1915 and is headquartered in Farmington, Connecticut, the US. It is a wholly-owned subsidiary of United Technologies and operates under UTC Building and Industrial systems. The company is engaged in manufacturing and marketing of refrigeration, air-conditioning, and heating solutions globally.

The Danfoss climate and energy segment includes refrigeration and air conditioning products, power electronics, heating solutions, commercial compressors, and district energy.




Market Landscape

• Geothermal heat pumps are primarily used across three sectors: Residential, commercial, and industrial.

• They are energy efficient and cost-effective compared to other conventional heating and cooling equipment.

• These pumps are three to four times more energy efficient than electric coil machines such as space heaters and electric water heaters, which use only electrical energy for heat generation and operation.

• The flexible design of these pumps makes them a suitable option for high-rise apartments, government buildings, schools, hospitals, restaurants, apartments, and almost every commercial building.

• Low operating and maintenance costs, and low energy intake of these systems have attracted individuals and organizations to install these pumps for heating and cooling applications.


Key Buying Criteria

Parameters Details

Total Cost of Ownership

Vendors should provide cost-effective and energy-efficient geothermal heat pumps that offer a high return on investment.

Reliability Consumers expect pumps to perform consistently for a long period as the initial investment is high.

Maintenance and Support Vendors should provide regular services for support as well as repairs.

Efficiency Advanced features and functionalities offer greater efficiency and are vital for the adoption of geothermal heat pumps.

• Growth Forecasts?

• Market Analysis?

• Revenue Forecasts?

• Regional and Country level Analysis?

• Competitive Structure?

• Emerging Trends?

• Vendor Landscape?

• Other?

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Global Geothermal Heat Pump Market 2015-2019