Market Research Logo

Global Geothermal Heat Pump Market 2015-2019

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
      • Table Global Geothermal Heat Pump Market by Product Segmentation
      • Table Global Geothermal Heat Pump Market by End-user
    • Product Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
  • Market Landscape
    • Market Overview
    • Market Size and Forecast
      • Table Global Geothermal Heat Pump Market 2014-2019 ($ billion)
    • Five Forces Analysis
  • Market Segmentation by Technology
    • Global Geothermal Heat Pump Market by Technology
      • Table Global Geothermal Heat Pump Market by Technology 2014
    • Global Geothermal Heat Pump Market: Closed Loop
      • Market Size and Forecast
        • Table Closed Loop Geothermal Heat Pump Market 2014-2019 ($ billion)
    • Global Geothermal Heat Pump Market: Open Loop
      • Market Size and Forecast
        • Table Open Loop Geothermal Heat Pump Market 2014-2019 ($ billion)
  • Market Segmentation by End-user
    • Global Geothermal Heat Pump Market by End-user
      • Table Global Geothermal Heat Pump Market by End-user 2014
    • Global Geothermal Heat Pump Market: Residential Sector
      • Market Size and Forecast
        • Table Global Geothermal Heat Pump Market in Residential Sector 2014-2019 ($ billion)
    • Global Geothermal Heat Pump Market: Commercial Sector
      • Market Size and Forecast
        • Table Global Geothermal Heat Pump Market in Commercial Sector 2014-2019 ($ billion)
    • Global Geothermal Heat Pump Market: Industrial Sector
      • Market Size and Forecast
        • Table Global Geothermal Heat Pump Market in Industrial Sector 2014-2019 ($ billion)
  • Geographical Segmentation
    • Global Geothermal Heat Pump Market by Geographical Segmentation
      • Table Global Geothermal Heat Pump Market by Geography 2014
    • Geothermal Heat Pump Market in EMEA
      • Market Size and Forecast
        • Table Geothermal Heat Pump Market in EMEA 2014-2019 ($ billion)
    • Geothermal Heat Pump Market in Americas
      • Market Size and Forecast
        • Table Geothermal Heat Pump Market in Americas 2014-2019 ($ billion)
    • Geothermal Heat Pump Market in APAC
      • Market Size and Forecast
        • Table Geothermal Heat Pump Market in APAC 2014-2019 ($ billion)
  • Buying Criteria
  • Market Growth Drivers
    • Table Comparison of Operating Costs ($)
  • Drivers and their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Market Trends
  • Trends and their Impact
  • Vendor Landscape
    • Competitive Scenario
    • Key Vendors
    • Other Prominent Vendors
  • Key Vendor Analysis
    • Bosch
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table Bosch: Business Segmentation by Revenue 2013
      • Geographical Segmentation by Revenue 2013
        • Table Bosch: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Carrier
      • Key Facts
      • Business Overview
      • Business Segmentation 2014
        • Table Carrier: Business Segmentation 2014
      • Recent Developments
      • SWOT Analysis
    • Danfoss
      • Key Facts
      • Business Overview
      • Business Segmentation
        • Table Danfoss: Business Segmentation 2013
      • Business Segmentation by Revenue 2013
        • Table Danfoss: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table Danfoss: Business Segmentation by Revenue 2012 and 2013 ($ million)
      • Geographical Segmentation by Revenue 2013
        • Table Danfoss: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Trane
      • Key Facts
      • Business Overview
      • Business Segmentation
        • Table Trane: Business Segmentation
      • Recent Developments
      • SWOT Analysis
  • Other Reports in this Series

Global Geothermal Heat Pump Market 2015-2019

About Geothermal Heat Pumps

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. These pumps transfer the heat stored in the ground into a building during the winter season and transfer the heat out of the building during the summer season. They are used for applications such as heating or cooling of an interior of a building and heating pool water.

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

Covered in this Report

This report covers the present scenario and the growth prospects of the global geothermal heat pump market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of geothermal heat pumps.Technavio's report, Global Geothermal Heat Pump Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the global geothermal heat pump market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Vendors

  • Bosch
  • Carrier
  • Danfoss Group
  • Trane
Other Prominent Vendors
  • Bryant Heating and Cooling Systems
  • Climatemaster
  • Dimplex
  • EarthLinked Technologies
  • Enertech Global
  • Finn Geotherm
  • Florida Heat Pump Manufacturing
  • Geothermal Heat Pumps
  • GeoMaster
  • Kensa Heat Pumps
  • NEURA
  • OCHSNER Wärmepumpen
  • Spectrum Manufacturing
  • WaterFurnace Renewable Energy
Market Driver
  • Need to Reduce Reliance on Fossil Fuels
  • For a full, detailed list, view our report
Market Challenge
  • High Initial Investment
  • For a full, detailed list, view our report
Market Trend
  • Technological Advancement
  • For a full, detailed list, view our report
Key Questions Answered in this Report
  • What will the market size be in 2019 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Geothermal Heat Pump Market 2015-2019

Technavio recognizes the following companies as the key players in the Global Geothermal Heat Pump Market: Bosch, Carrier, Danfoss Group and Trane

Other Prominent Vendors in the market are: Bryant Heating and Cooling Systems, Climatemaster, Dimplex, EarthLinked Technologies, Enertech Global, Finn Geotherm, Florida Heat Pump Manufacturing, Geothermal Heat Pumps, GeoMaster, Kensa Heat Pumps, NEURA, OCHSNER Wärmepumpen, Spectrum Manufacturing and WaterFurnace Renewable Energy

Commenting on the report, an analyst from Technavio’s team said: “Organizations and individuals across sectors such as residential, commercial, and industrial look for technologically progressive geothermal heat pumps with improved display and control systems. They prefer systems that can be controlled with ease and require low maintenance. Vendors are therefore adding greater functionality to their geothermal heat pumps such as two-speed compressors, dual-speed motors, de-super heaters, scroll compressors, and backup burners. This motivates end-users to opt for modern technology-equipped geothermal heat pumps rather than conventional heating and cooling equipment.”

According to the report, the increased use of fossil fuels is leading to a rise in GHG emission levels, responsible for global warming. The concept of green energy is regarded as the most significant among various practices used to curb GHG emissions. The US, Germany, France, Sweden, Japan, and China have taken initiatives such as changes in building regulations and legislation that aim to reduce emission of GHGs. These initiatives have shifted the focus to adopting energy-efficient products such as geothermal heat pump systems, especially in the commercial and residential sectors. These pumps do not use fossil fuel, and thus do not discharge GHGs such as carbon monoxide or carbon dioxide. These systems cannot directly replace fossil fuel-based energy generation but can reduce reliance on fossil fuel-based energy sources by almost 71%.

Further, the report states that the installation of a geothermal heat pump system involves high initial investment that makes consumers reluctant to adopt these pumps.

Companies Mentioned

Bosch, Carrier, Danfoss Group, Trane, Bryant Heating and Cooling Systems, Climatemaster, Dimplex, EarthLinked Technologies, Enertech Global, Finn Geotherm, Florida Heat Pump Manufacturing, Geothermal Heat Pumps, GeoMaster, Kensa Heat Pumps, NEURA, OCHSNER Wärmepumpen, Spectrum Manufacturing, WaterFurnace Renewable Energy

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report

;