Thermally Driven Heat Pump Market Outlook 2023 : Top Companies, Trends and Growth Factors by 2023

Thermally driven heat pumps are gaining huge popularity with the growing emphasis on being eco-friendly. Some of the major factors driving the thermally driven heat pumps market include soaring demand for renewable energy, rising oil and electricity prices and growing measures to reduce carbon footprints, globally.

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Thermally driven heat pump is a combination of solar thermal collector and compression heat pump. Such systems require thermal energy to drive the cycle and electricity, only for secondary components like pumps, to flow the working fluid.

Key technologies used in thermally driven heat pumps are absorption and adsorption. On the basis of these techniques, they are categorized into absorption pumps, which use high-temperature heat; and adsorption pumps, which integrate low-temperature energy and convert it to a higher temperature.

Growing amount of greenhouse gas emissions, consisting largely of carbon dioxide and the consequent increase in carbon footprint, is the key factor responsible for climate change that has led to global warming.

High cost of set-up and faulty installations are slowing down the growth of thermally driven heat pumps market. Companies operating in this market are looking forward to thoroughly understand external conditions and focus on efficiency enhancement of such pumps.

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Some of the key players operating in the global market include Tranter Solarice, Pink Heating Limited, AGO AG Energie + Anlagen, Robur S.p.A, SaltX Technology Holding AB, Carrier Klimatechnik GmbH Jiangsu Huineng, and New Energy Technology Co., Ltd.