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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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