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

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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
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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.

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Europe Geothermal Heat Pump Market Size, By
Product, 2016 2024 (MWt)
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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.

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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.

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