Market Overview:
The global direct exchange geothermal heat pump market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy and rising awareness about the benefits of using geothermal heat pumps. The global direct exchange geothermal heat pump market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into vertical type, horizontal type, and others. The vertical type segment is expected to dominate the global direct exchange geothermal heat pump market during the forecast period owing to its high efficiency and low installation cost as compared to other types of geothermal heat pumps. On the basis of application,the market is divided into energy and others segments.
Product Definition:
A direct exchange geothermal heat pump (DX) is a type of geothermal heat pump that uses a refrigerant to transfer thermal energy between two adjacent loops of piping, one inside and one outside the building. The DX geometry differs from other types of ground source heat pumps in that the outdoor loop exchanges energy directly with the ground, while the indoor loop exchanges energy with indoor air via a coil.
Vertical Type:
Vertical type is the simplest form of heat pump. It is a device that extracts heat from the earth and transfers it to an area where it's needed. Vertical type can be used for both heating and cooling purposes, but its primary function is to provide heating.
Horizontal Type:
Horizontal type direct exchange geothermal heat pump is used to transfer heat from the ground surface to a building or another location for space heating, cooling, and hot water generation applications. Horizontal type DExHPPs are most commonly used in residential buildings for space heating and cooling applications. The main advantage of horizontal type DExHPP over vertical flow design is that the former can be installed at an angle of more than 60 degrees without any structural changes to the building structure.
Application Insights:
The application segment includes energy and others. The others segment mainly includes commercial applications while the energy category comprises both residential and non-residential applications. Residential is the largest application sector of DEGHP across various regions owing to increasing awareness about cost-effectiveness, coupled with a growing population in urban areas looking for affordable housing solutions.
The availability of low interest rates has also encouraged people to invest in DEGHP as an alternative source of heating or cooling, especially in countries where electricity costs are relatively high such as Germany and Japan. In addition, favorable government policies promoting green buildings are expected to boost demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of a large number of manufacturers coupled with growing awareness about these pumps is one of the major factors contributing to regional growth. China, Japan, and India are some of the countries where geothermal heat pumps are widely used for space heating and water heating applications owing to favorable climatic conditions.
Growth Factors:
- Increasing demand for energy-efficient heating and cooling systems
- Growing awareness about the benefits of direct exchange geothermal heat pump systems
- Rising concerns about environmental pollution and global warming
- Technological advancements in direct exchange geothermal heat pump systems
- Government initiatives and subsidies for promoting the use of renewable energy sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Direct Exchange Geothermal Heat Pump Market Research Report
By Type
Vertical Type, Horizontal Type, Others
By Application
Energy, Others
By Companies
Bosch, Carrier, Danfoss Group, Trane, Bryant, Climate Master, NEURA, OCHSNER Warmepumpen, Spectrum Manufacturing, Dimplex
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Direct Exchange Geothermal Heat Pump Market Report Segments:
The global Direct Exchange Geothermal Heat Pump market is segmented on the basis of:
Types
Vertical Type, Horizontal Type, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Energy, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bosch
- Carrier
- Danfoss Group
- Trane
- Bryant
- Climate Master
- NEURA
- OCHSNER Warmepumpen
- Spectrum Manufacturing
- Dimplex
Highlights of The Direct Exchange Geothermal Heat Pump Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vertical Type
- Horizontal Type
- Others
- By Application:
- Energy
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Direct Exchange Geothermal Heat Pump Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Direct exchange geothermal heat pump is a technology that uses the earth's natural heat to produce energy. The system uses the ground as a thermal storage medium and transfers thermal energy from the earth to create electricity or hot water.
Some of the major players in the direct exchange geothermal heat pump market are Bosch, Carrier, Danfoss Group, Trane, Bryant, Climate Master, NEURA, OCHSNER Warmepumpen, Spectrum Manufacturing, Dimplex.
The direct exchange geothermal heat pump market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Direct Exchange Geothermal Heat Pump Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Direct Exchange Geothermal Heat Pump Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Direct Exchange Geothermal Heat Pump Market - Supply Chain
4.5. Global Direct Exchange Geothermal Heat Pump Market Forecast
4.5.1. Direct Exchange Geothermal Heat Pump Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Direct Exchange Geothermal Heat Pump Market Size (000 Units) and Y-o-Y Growth
4.5.3. Direct Exchange Geothermal Heat Pump Market Absolute $ Opportunity
5. Global Direct Exchange Geothermal Heat Pump Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Direct Exchange Geothermal Heat Pump Market Size and Volume Forecast by Type
5.3.1. Vertical Type
5.3.2. Horizontal Type
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Direct Exchange Geothermal Heat Pump Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Direct Exchange Geothermal Heat Pump Market Size and Volume Forecast by Application
6.3.1. Energy
6.3.2. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Direct Exchange Geothermal Heat Pump Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Direct Exchange Geothermal Heat Pump Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Direct Exchange Geothermal Heat Pump Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Direct Exchange Geothermal Heat Pump Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Direct Exchange Geothermal Heat Pump Demand Share Forecast, 2019-2026
9. North America Direct Exchange Geothermal Heat Pump Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Direct Exchange Geothermal Heat Pump Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Direct Exchange Geothermal Heat Pump Market Size and Volume Forecast by Application
9.4.1. Energy
9.4.2. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Direct Exchange Geothermal Heat Pump Market Size and Volume Forecast by Type
9.7.1. Vertical Type
9.7.2. Horizontal Type
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Direct Exchange Geothermal Heat Pump Demand Share Forecast, 2019-2026
10. Latin America Direct Exchange Geothermal Heat Pump Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Direct Exchange Geothermal Heat Pump Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Direct Exchange Geothermal Heat Pump Market Size and Volume Forecast by Application
10.4.1. Energy
10.4.2. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Direct Exchange Geothermal Heat Pump Market Size and Volume Forecast by Type
10.7.1. Vertical Type
10.7.2. Horizontal Type
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Direct Exchange Geothermal Heat Pump Demand Share Forecast, 2019-2026
11. Europe Direct Exchange Geothermal Heat Pump Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Direct Exchange Geothermal Heat Pump Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Direct Exchange Geothermal Heat Pump Market Size and Volume Forecast by Application
11.4.1. Energy
11.4.2. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Direct Exchange Geothermal Heat Pump Market Size and Volume Forecast by Type
11.7.1. Vertical Type
11.7.2. Horizontal Type
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Direct Exchange Geothermal Heat Pump Demand Share, 2019-2026
12. Asia Pacific Direct Exchange Geothermal Heat Pump Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Direct Exchange Geothermal Heat Pump Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Direct Exchange Geothermal Heat Pump Market Size and Volume Forecast by Application
12.4.1. Energy
12.4.2. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Direct Exchange Geothermal Heat Pump Market Size and Volume Forecast by Type
12.7.1. Vertical Type
12.7.2. Horizontal Type
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Direct Exchange Geothermal Heat Pump Demand Share, 2019-2026
13. Middle East & Africa Direct Exchange Geothermal Heat Pump Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Direct Exchange Geothermal Heat Pump Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Direct Exchange Geothermal Heat Pump Market Size and Volume Forecast by Application
13.4.1. Energy
13.4.2. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Direct Exchange Geothermal Heat Pump Market Size and Volume Forecast by Type
13.7.1. Vertical Type
13.7.2. Horizontal Type
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Direct Exchange Geothermal Heat Pump Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Direct Exchange Geothermal Heat Pump Market: Market Share Analysis
14.2. Direct Exchange Geothermal Heat Pump Distributors and Customers
14.3. Direct Exchange Geothermal Heat Pump Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Bosch
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Carrier
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Danfoss Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Trane
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bryant
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Climate Master
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. NEURA
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. OCHSNER Warmepumpen
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Spectrum Manufacturing
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Dimplex
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
