A comprehensive statistical report titled, “The State of the Canadian Geothermal Heat Pump Industry 2011 - Industry Survey and Market Analysis” has been launched by the Canadian GeoExchange Coalition (CGC). CGC serves as the industry catalyst to connect public and private sector stakeholders and to extend the Canada’s market for geothermal heat pump (GHP) technology.
The analysis reveals that the geothermal heat pump market has grown by over 40% in 2005 and over 60% per year from 2006-2008. In 2010, the market increased by 5% and declined in 2010. In 2010, British Columbia, Québec and Ontario together signified approximately 87% of the market, which is high compared to 76% in the year 2007. Among the Canadian provinces, Manitoba alone has shown annual market decline of 64% from 2007 to 2010.
The statistics have been collected from various sources for a period of over five years and the sources include CGC annual industry surveys, CGC certification database and market data gathered directly from nearly 500 installation companies via the CGC Company Qualification Market Survey. In addition, information has been obtained from annual reports of specific companies and from documents released by government agencies.
The industry knowledge and analytical skills of the coalition has been a great support to provincial government in framing their policies and regulatory works. The CGC will shortly release a geothermal heat pump technology roadmap with policy suggestions.