Fuel Prices Set to Drop?
 By: Kim Peterson
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US Study Predicts Boom in Geothermal Sales
ARC NEWS, July 26, 2011
US study predicts that worldwide sales of geothermal heat pumpswill increase by 179% to 2017.
According to the report from Pike Research, geothermal heat pump sales will experience strong growth rates in the next several years, with annual unit shipments in the US alone increasing from fewer than 150,000 in 2011 to more than 326,000 units by 2017. The cleantech market intelligence firm forecasts that the total worldwide capacity for geothermal direct use applications will increase by 179% during the same period. Pike Research anticipates that heat pumps will represent a significant majority of the global market for such direct use applications, accounting for 84% of total capacity. Other key segments include bathing and swimming applications and space (district) heating.
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