Analysis of the development status of China's ground source heat pump

Analysis of the development status of China's ground source heat pump industry in 2023 China's installed capacity accounts for more than 30% of the world

The industry is in a stable development stage

Ground source heat pump refers to the use of solar energy and geothermal energy absorbed in the earth's surface and underground shallow water sources and soil sources, and adopts the heat pump principle to provide both heating and cooling energy-efficient air-conditioning systems.

In 1997, the Chinese government and the U.S. government signed a cooperation agreement on energy efficiency and renewable energy utilization. The ground source heat pump became one of the international advanced building energy-saving technologies introduced and promoted by the Chinese government, which opened the domestic ground source heat pump industry. Development; Entering the 21st century, with the active development of domestic ground source heat pump technology theory and experimental research, industry development policies and laws and regulations have been gradually improved, and the application of ground source heat pump technology has been gradually matured; after 2016, relevant subsidy policies have been gradually cancelled, and ground source Problems such as defects in heat pump technology and high operating costs have become increasingly prominent, the growth of the industry has slowed down, and the market has become more rational. However, with the continuous improvement of domestic ground source heat pump technology and the continuous introduction of green building policies under the "double carbon" goal, the ground source heat pump market is expected to usher in new development opportunities.

Tender projects concentrated in the North West

In 2022, government bidding projects in China's ground source heat pump industry are mainly distributed in the western and northern regions of Gansu, Tianjin, Beijing and other places, and the main procurement entities are universities, hospitals, and government agencies.

China's installed capacity accounts for more than 30% of the world

From the perspective of installed capacity, according to the data of the Geothermal Professional Committee of China Energy Research Society, in the past 20 years, China's ground source heat pumps have shown a trend of rapid development. In 2000, the installed capacity of ground source heat pumps nationwide was no more than 10 MW, in 2010 it exceeded 4,000 MW, and by 2015 it exceeded 10,000 MW. According to data from the International Geothermal Association ( IGA ), China's installed capacity of ground source heat pumps will exceed 26,000 MW in 2020. With reference to the growth rate of ground-source heat pump heating/cooling construction area, it is estimated that China's ground-source heat pump installed capacity will exceed 27,000 MW in 2022.

From the perspective of the proportion of installed capacity in the global total, according to the data of the Ministry of Natural Resources, the installed capacity of ground source heat pumps in China has risen from less than 1% in 1995 to more than 25% in 2015. In 2020, the installed capacity of ground source heat pumps in China will The proportion of capacity in the world will rise to more than 30%, and will decline in 2022.

For more research and analysis of this industry, please refer to the "Market Prospect and Investment Strategic Planning Analysis Report of China's Ground Source Heat Pump Industry" by Qianzhan Industry Research Institute.

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