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Global Geothermal Heat Pump Market Insights and Forecast to 2027
SKU ID : QYR-18099058 | Publishing Date : 26-Apr-2021 | No. of pages : 150
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A geothermal heat pump or ground source heat pump (GSHP) is a central heating and/or cooling system that transfers heat to or from the ground. It uses the earth all the time, without any intermittency, as a heat source (in the winter) or a heat sink (in the summer).
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. Global geothermal heat pump market size In 2018 was valued over USD 3 billion and the annual installation is projected to exceed 873 thousand units by 2025.
Market Analysis and Insights: Global Geothermal Heat Pump Market
The global Geothermal Heat Pump market is valued at US$ 3759.3 million in 2019. The market size will reach US$ 7191.4 million by the end of 2026, growing at a CAGR of 9.6% during 2021-2026.
Global Geothermal Heat Pump Scope and Segment
Geothermal Heat Pump market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Geothermal Heat Pump market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.
Segment by Type
Vertical Closed Loop
Horizontal Closed Loop
Open Loop
Others
Segment by Application
Residential Buildings
Commercial Buildings
By Company
Bosch Thermotechnology
Carrier
Vaillant
BDR Thermea
Modine
Nibe Industrier
Mitsubishi Electric
Viessmann
Trane
Stiebel Eltron
Danfoss Group
Weishaupt
Swegon
Wolf
OCHSNER Warmepumpen
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
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. Global geothermal heat pump market size In 2018 was valued over USD 3 billion and the annual installation is projected to exceed 873 thousand units by 2025.
Market Analysis and Insights: Global Geothermal Heat Pump Market
The global Geothermal Heat Pump market is valued at US$ 3759.3 million in 2019. The market size will reach US$ 7191.4 million by the end of 2026, growing at a CAGR of 9.6% during 2021-2026.
Global Geothermal Heat Pump Scope and Segment
Geothermal Heat Pump market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Geothermal Heat Pump market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.
Segment by Type
Vertical Closed Loop
Horizontal Closed Loop
Open Loop
Others
Segment by Application
Residential Buildings
Commercial Buildings
By Company
Bosch Thermotechnology
Carrier
Vaillant
BDR Thermea
Modine
Nibe Industrier
Mitsubishi Electric
Viessmann
Trane
Stiebel Eltron
Danfoss Group
Weishaupt
Swegon
Wolf
OCHSNER Warmepumpen
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
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