1. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Geothermal Heat Pump Market Trends, Share, Industry Outlook & Forecast 2017 - 2024 Geothermal Heat Pump Market Size By Product (Open Loop, Closed Loop (Vertical, Horizontal)), By Application (Residential, Commercial (Government Center, Office Buildings, Educational Institutes)), Industry Analysis Report, Regional Outlook (U.S., Canada, Sweden, Germany, France, Finland, Austria, Netherland, China, South Korea, Japan, Switzerland), Price Trends, Competitive Market Share & Forecast, 2017 – 2024

2. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Geothermal Heat Pump Market size is set to exceed USD 130 billion by 2024, according to a new research report by Global Market Insights, Inc.  Growing demand for energy efficient space heating systems from cold climatic regions, especially in North America and Europe, will drive the geothermal heat pump market size.  In the U.S., GHP installation in the Southern states accounted for 35%, the North East was 20%, Midwest at 34% and Western region stood at 11%.  Introduction of various incentives including RHI, financial assistance and tax rebate to encourage the adoption of sustainable heating and cooling system will drive the U.S. geothermal heat pump market. Global Market Scenario of Geothermal Heat Pump

3. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com For Customization as per your requirement please click@ https://www.gminsights.com/roc/370 https://www.gminsights.com/roc/370 Europe Geothermal Heat Pump Market Size, By Product, 2016 & 2024 (MWt)

4. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Closed loop accounted for over 75% of global geothermal heat pump market share in 2016. Higher efficiency, reliability and flexibility are some of the key features which makes it adoption preferable over conventional systems. Lower life cycle and O&M cost will further complement the business growth. These systems can be install either horizontally or vertically depending on plot size. Vertical installation is mostly preferred owing to less space requirement. Low installation cost requirement owing to absence of drilling rig and pipes will positively impact open loop geothermal heat pump market.  Rising investments towards energy efficient building infrastructure along with introduction of net zero emissions building regulation will propel the commercial geothermal heat pump market. In 2016, Lloyd bank announced to invest approximate USD 1 billion for commercial property to cut carbon dioxide emission from their real state asset. Products Insights

5. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  U.S. geothermal heat pump market size for 2016 was valued over USD 20 billion. Availability of constant shallow ground temperature throughout the country will boost the product demand. According to EPA, the geothermal systems help to cut 44% of energy consumption when compared with other available alternatives.  South Korea geothermal heat pump market for 2016 accounted over 6% of Asia Pacific share. Introduction of various government subsidy program including Regional Deployment Program, Residential House Program and Building Deployment Program will augment the industry size. This program helps to provide 50% of the total installation cost.  Major participants in geothermal heat pump market are NIBE, Robert Bosch, Kensa Heat Pumps, Finn Geotherm, Stiebel Eltron, Glen Dimplex, Trane, Ecoforest, Climate Master, MODINE, Danfoss, Carrier, Bryant Heating & Cooling Systems, Viessmann, WaterFurnace, Bard HVAC, Vaillant Group, and Green Planet Supply.  Regional and Competitive Insights

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