Pike Research, has recently included a new report titled, “Geothermal Heat Pumps and Direct Use,” in its list of reports.
Geothermal Heat Pumps and Direct Use. Credit: Pike Research
The report examines the worldwide market opportunities for the use of geothermal energy with an exclusive focus on heat pumps. The all inclusive report supplies details on key players of the industry, the public policy and government regulations, present and upcoming technologies, demand drivers and direct user markets for geothermal energy. The report provides forecasts up to 2017 with a scrutiny on prevailing market dynamics in various regions globally.
Geothermal heat pumps and the use of geothermal energy occupy an important position in the heat and cooling and alternative energy markets globally. The demand for the geothermal heat pumps is on the rise with the rising prices of electric power and the demand for it. Geothermal pumps supply a dependable heat energy option for the occupants and owners of institutional, commercial and residential constructions by exploiting the free heat energy available below the ground. The cost of the heat pumps and the modest awareness about their availability remained as impediments for their growth. The availability of tax incentives and supportive policies for energy efficiency are assisting and driving their growth currently.
The report anticipates a strong growth market for geothermal heat pumps and increased sales in the coming years. It expects the annual shipment of heat pump units from the USA will grow from the level of around 150,000 units in 2011 to 326,000 units by 2017. The report forecasts that the usage of geothermal heat pumps will achieve a growth of 179% during the period. The report states that direct usage of heat pumps will occupy a major segment representing around 84% of the total installed capacity. The other important segments in the list include space heating applications and heat water usage in swimming and bathing