Abstract: According to a new report from Pike Research, due to the expansion of global electricity demand and high energy prices, ground-source heat pumps have grown rapidly in recent years. The installed capacity in the United States will reach less than 150,000 units in 2011 each year. The 326,000 units in 2017.

In the heating and cooling market, the direct use of ground source heat pumps and geothermal resources has shown a rapid development trend. Due to the expansion of global power demand and rising energy prices, the main mode of direct use of heat pumps as ground heat is in a period of rapid development. As an efficient and reliable choice for civil, commercial and public buildings, ground source heat pumps exploit the relatively stable temperature in the soil. However, the lack of cost and consumer awareness has become a major bottleneck in its development. However, policy support for tax incentives and building energy efficiency reforms will help the rapid growth of the heat pump market.

According to a new report from Pike Research, ground-source heat pumps have grown rapidly in recent years. The installed capacity in the United States will reach 326,000 units in 2017 from less than 150,000 units in 2011. Cleantech market consultancy expects ground-source heat pumps worldwide to increase by 179% over the same period. Parker Research predicts that the heat pump as the main form of geothermal direct use equipment will occupy 84% of the market share. Other major parts include bathing swimming equipment and heating of the venue.

“Ground-source heat pumps have great potential for development, but the current installed capacity accounts for only 1% of the heating and cooling market,” said industry analyst Makinnon Lawrence, “but the growth in electricity demand, high energy prices and regulations on emissions and energy efficiency The introduction will promote the growth of demand for ground source heat pumps. Ground source heat pumps can significantly reduce the energy use and energy use of buildings."