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These pumps offer heating , cooling , and hot water to a number of buildings . Market share on the basis of types spans Direct Exchange Geothermal Heat Pump , Closed Loop Systems , and Open Loop Systems . Direct Exchange Geothermal Heat Pump is considered as the oldest kind of geothermal heat pump technology . They are quite effective in nature and have lesser installation costs when compared with closed loop systems .
The term " direct exchange " generally means to transmit the heat amid the refrigerant loop and the ground exclusive of intermediate fluid . The segment of closed loop systems usually include the setting up of ground loops , that helps in circulating a refrigerant fluid for heat transmission . They have to pass on the heat across additional coatings of pipe wall and dirt . Alternatively , open loop systems employ ground water reserves to pump water straight away into the heat pump unit for heat transfer .
The segment of closed loop systems is further segregated on the basis of loop configuration as vertical loops , horizontal loops , and pond / lake systems . Market share on the basis of Application spans Residential Use , and Commercial Use . Market share on the basis of geographical region spans North America , Asia Pacific , Europe , and Rest of the world . As far as the geography is concerned , Europe is presently leading the market share for geothermal heat pumps globally .
Other than that , North America and Asia Pacific are also emerging gradually as promising markets . The United States is mainly contributing in raising the market share of North America followed by Canada that is believed to possess huge potential for developing geothermal heating systems . Prominent companies operating in the geothermal heat pumps market share include Bosch , Trane , Bryant , Climate Master , NEURA , OCHSNER Warmepumpen , Spectrum Manufacturing , Dimplex , Carrier , and Danfoss Group .
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