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Global Geothermal Heat Pump Market 2017-2021

  • March 2017
  • -
  • Infiniti Research Limited
  • -
  • 70 pages

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.

Table Of Contents

Global Geothermal Heat Pump Market 2017-2021
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
- Key market highlights
- Closed loop system
- Open loop system
PART 05: Market landscape
- Market overview
- Five forces analysis
PART 06: Market segmentation by end-user
- Market overview
- Residential
- Non- residential
PART 07: Geographical segmentation
- Market overview
- EMEA
- Americas
- APAC
PART 08: Decision framework
PART 09: Drivers and challenges
- Market drivers
- Impact of drivers on key customer segments
- Market challenges
- Impact of challenges on key customer segments
PART 10: Market trends
- Emergence of BEMS
- Federal tax credits for retrofitting
- Desuperheaters for heat recovery
PART 11: Vendor landscape
- Competitive scenario
- Other prominent vendors
PART 12: Key vendor analysis
- Carrier Corporation
- Danfoss
- Mitsubishi Electric
- NIBE
PART 13: Appendix
- List of abbreviations

List of Exhibits
Exhibit 01: Classification of geothermal heat pumps
Exhibit 02: Global geothermal heat pump market segmentation
Exhibit 03: Renewable technology development
Exhibit 04: Global geothermal heat pump capacity (MWt) and utilization (TJ/yr) 1995 and 2015 and impact on its market 2016-2021 ($ billions)
Exhibit 05: Five forces analysis
Exhibit 06: Global geothermal heat pump market share by end-users 2016 and 2021
Exhibit 07: Global geothermal heat pump market by the residential sector 2016-2021 ($ billions)
Exhibit 08: Factors contributing to the growth of housing markets
Exhibit 09: Global geothermal heat pump market by the non-residential sector 2016-2021 ($ billions)
Exhibit 10: Global geothermal heat pump market share in 2016 and 2021
Exhibit 11: Geothermal heat pump market in EMEA 2016-2021($ billions)
Exhibit 12: GDP of leading countries in Europe 2012-2015 (%)
Exhibit 13: Geothermal heat pump market in the Americas 2016-2021 ($ billions)
Exhibit 14: Geothermal heat pump market in APAC 2016-2021 ($ billions)
Exhibit 15: World economic growth (year-over-year) and its impact on energy demand 2015-2030
Exhibit 16: Benefits of geothermal heat pumps
Exhibit 17: Impact of drivers
Exhibit 18: Impact of challenges
Exhibit 19: Global BEMS market 2015 and 2020 ($ billions)
Exhibit 20: Energy Star rating requirements for geothermal heat pumps
Exhibit 21: Key vendors in the geothermal heat pump market
Exhibit 22: Other prominent vendors and collaborators
Exhibit 23: Carrier Corporation: Business segmentation
Exhibit 24: Carrier Corporation: Geothermal Heat pumps product portfolio
Exhibit 25: Danfoss: Product portfolio
Exhibit 26: Mitsubishi Electric business segmentation
Exhibit 27: Mitsubishi: Heat pumps product portfolio
Exhibit 28: NIBE: Product portfolio

Companies Mentioned
- Carrier Corporation
- Danfoss
- Mitsubishi Electric
- NIBE
- BDR Thermea
- Bosch Thermotechnology
- Bryant Heating and Cooling systems
- CIAT
- Hitachi Appliances
- LSB Industries
- SIRAC.

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