Everything News Jobs Opportunities Events Products/Services
more
 
About
Go to Home
Sign Up Sign in

Market Research

23 Jul 2015 11:07:13

Increasing Adaption of Geothermal Heat Pumps Technology Leads to Clean, Safe, and Healthy Environment



Geothermal heat pumps (GHPs), also referred to as GeoExchange, are declared as the most environmentally-friendly HVAC solutions available in the consumer market, as noted by The U.S. EPA and Department of Energy. Geothermal heat pumps are considered as one of the best market-ready and commercially viable technologies used to achieve clean and efficient energy conditions in residential, commercial, as well as government building applications.

Browse Geothermal Heat Pumps Market Report with Full TOC at http://www.transparencymarketresearch.com/geothermal-heat-pumps-market.html

Several U.S. states and many other countries have developed an interest in renewable energy heating and cooling in the past recent years, thus establishing favorable incentives and groundbreaking geothermal heating and cooling projects to reduce global warming.

Installation of Geothermal Heat Pumps by End-Use Industries

Geothermal heat pumping is a renewable heating technology utilizing the earth as both a heat sink and heat source. Heat pumps are a way of directly tapping into geothermal energy for heating a specific area in a commercial or residential building. The major adopters of geothermal heat pumps are residential and commercial users globally. Both these segments have been further sub-segmented into new building systems and retrofit systems and are expected to become popular among adopters by 2020. Since the use of geothermal heat pumps in the agricultural and industrial sectors is not strong, they are incorporated within the commercial sector, starting from a small-level to a large-scale retrofit. Estimating in terms of installed capacity, the retrofit segment is anticipated to exhibit attractive growth rates in the next five years.

A new market research report based on a study of the geothermal heat pumps market states that the global installed capacity for this market is expected to rise at a CAGR of 12.8% from 2014-2020 from a production figure of 52,638.18 MWt in 2013 to reach an estimated figure of 119,303.66 MWt by the end of 2020. In terms of revenue, the market will grow at a CAGR of 13.1% to reach an estimated US$130.50 billion by 2020.

Request for Free sample report http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1984

Since the late 1940’s, the implementation of geothermal heat pump technology has been around in the energy market, rendering substantial energy and environmental benefits across numerous industry verticals. These days, people have increasingly started to understand the significance and environmental benefits of geothermal heat pumps over conventional systems.

Geothermal Heat Pumps Render Environmental Benefits Coupled with Considerable Cost-Savings

Due to the accelerated and wide-spread deployment of GHP systems in different regions of the world, tremendous opportunities exist to lower carbon emissions and reduce the global dependence on fossil fuels.

GHP Renders Efficiency : Geothermal heat pumps offer low operational costs and reduce air and water pollution. In comparison to conventional systems, GHP systems use less electricity to perform the equivalent amount of work.

Emits Pollutants and Greenhouse Gases : As analyzed by the EPA, GHP systems reduce carbon dioxide (CO2), nitrous oxides (N02), and sulfur dioxide (SO2) gases and also the need to extract natural resources or burn fossil fuels.

Offers Human Health and Comfort : When properly installed, GHP systems pose no danger and are environmentally friendly. The systems emit no malodorous or combustible emissions as compared to conventional HVAC systems.

Geothermal Heat Pumps Mark Impressive Market Growth in Different Regions

The global acceptance of using geothermal heat pumps technology is manifested mainly in North America and Europe, with rapid growth gaining grounds in Asia-Pacific, especially China, in the field of renewable heating technologies. Other mature markets in Europe such as France, Germany, Sweden, and Switzerland have been using this technology for much of the past two decades. They are likely to register an annual increase in installations of air source heat pumps until 2020. Though the U.S. is also observed as one of the mature markets for this technology, not many home owners wish to front the cost of installing or introducing geothermal heat pumps in their buildings. This has caused the country to enter a temporary phase of uncertainty for the next few years.

Browse Press Release Of Geothermal Heat Pumps Market http://www.transparencymarketresearch.com/pressrelease/geothermal-heat-pumps-market.htm

Despite certain challenges such as the economic slowdown in the U.S. or declining annual capacity installations, super-efficient geothermal heat pumps are persistently gaining traction in countries like China, Japan, Sweden, Germany, and Denmark – where laws mandate that new construction projects must be minimally reliant on fossil fuel systems.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Mr.Nachiket
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
Visit : http://researcherville.blogspot.in/


Discussion Thread  

 


Related Categories

Clicking a category below will direct you to a list of related information

Skip Navigation Links.

Market Research Community



Related Items From Everyone


  1. Combined heat and power (CHP), also referred to as cogeneration, is a technology that...

    28 Jul 2015
  2. Date: 20th September 2011Time: 10:00–13:00, buffet lunch and refreshment includedVenue: Allergate...

  3. Vokèra's range of air source heat pumps is called Aria, these are available in different outputs...

  4. Ice Energy has a number of grant partners who supply CERT funding for ground source heat pumps...

  5. Nigel's Eco Store Organisations

    Nigel's Eco Store is an award winning online retailer of eco friendly...




Go To Home

Resource Links

We're social: View Available Feeds Find out more! Leave us your feedback

RSS



We appreciate all feedback. Please leave as much or as little as you like about any aspect of this website.

If your message requires a response, please leave your email address.