ShareNorth American geothermal heating and cooling markets
Geothermal heating and cooling technologies may hold the key for an increase in overall energy efficiency in non-residential buildings.
Heating and cooling accounts for 40% to 50% of power consumption in non-residential buildings. This highlights the urgent need to increase the overall energy efficiency in these buildings; geothermal heating and cooling technologies may hold the key.
Higher energy savings can be achieved by the use of geothermal heating and cooling systems. The Frost & Sullivan Analysis of the North American Geothermal Heating and Cooling Market provides revenue forecasts for the total market and considers the various drivers and restraints that affect the market in North America. In addition, revenue forecasts for each market segment, distribution channel, and vertical markets are provided as is an analysis of the competitive landscape. The study period for this research service is 2009 to 2017; the base year is 2012.
Key findings:
• Total revenue for the geothermal heating and cooling market was USD 102.8 million in 2012, an increase of 1.7% over the previous year.
• The total market is expected to grow at a CAGR of 7.5% from 2012 to 2017
• By 2017, the market is expected to reach USD 147.6 million assuming all economic conditions remain the same.
• The key factor driving growth in this market is the need to increase the energy efficiency of heating and cooling systems.
• In addition, increasing energy efficiency enables a lifetime of cost savings for end users, despite the price premium required during the initial purchase.
• The product is a one-time investment.
• Energy efficient heating/cooling systems are environmentally friendly, and, therefore, of interest at the state and federal levels, so tax rebates and incentives may propel end-user adoption.
• The market is small compared to the heating ventilation and air conditioning (HVAC) market. However, interest is expected to increase as awareness increases.
More information: Adrien.Bellachen@Frost.com , Tel. +33 4 93 00 61 89
http://www.frost.com/c/10118/sublib/display-report.do?id=NCAD-01-00-00-00
Higher energy savings can be achieved by the use of geothermal heating and cooling systems. The Frost & Sullivan Analysis of the North American Geothermal Heating and Cooling Market provides revenue forecasts for the total market and considers the various drivers and restraints that affect the market in North America. In addition, revenue forecasts for each market segment, distribution channel, and vertical markets are provided as is an analysis of the competitive landscape. The study period for this research service is 2009 to 2017; the base year is 2012.
Key findings:
• Total revenue for the geothermal heating and cooling market was USD 102.8 million in 2012, an increase of 1.7% over the previous year.
• The total market is expected to grow at a CAGR of 7.5% from 2012 to 2017
• By 2017, the market is expected to reach USD 147.6 million assuming all economic conditions remain the same.
• The key factor driving growth in this market is the need to increase the energy efficiency of heating and cooling systems.
• In addition, increasing energy efficiency enables a lifetime of cost savings for end users, despite the price premium required during the initial purchase.
• The product is a one-time investment.
• Energy efficient heating/cooling systems are environmentally friendly, and, therefore, of interest at the state and federal levels, so tax rebates and incentives may propel end-user adoption.
• The market is small compared to the heating ventilation and air conditioning (HVAC) market. However, interest is expected to increase as awareness increases.
More information: Adrien.Bellachen@Frost.com , Tel. +33 4 93 00 61 89
http://www.frost.com/c/10118/sublib/display-report.do?id=NCAD-01-00-00-00