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October 4, 2016

Geothermal Heat Pump Market Size,Application Development, Competitive Market Share & Forecast by 2023: Global Market Insights, Inc.

Cristina Diaconu October 4, 2016

Category: Construction Industry Today | Subscribe to Construction Industry Today Feed Published Tue, May 3rd 2016 Geothermal Heat Pump Market Size, Industry Analysis Report, Regional Outlook, Application Development, Competitive Market Share & Forecast, 2016 – 2023 Posted via Industry Today. Follow us on Twitter @IndustryToday Geothermal Heat Pump Market

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Government Signs Contracts for Hinkley Point C

Cristina Diaconu October 4, 2016

The government has now formally signed contracts with Électricité de France (EDF) and China General Nuclear Power Group (CGN) for the £18 billion Hinkley Point C nuclear power station. At a ceremony in London last week, documents were signed by UK secretary of state for business, energy & industrial strategy

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Balfour Beatty Buys Omincom Engineering

Cristina Diaconu October 4, 2016

Balfour Beatty has acquired railway surveying equipment manufacturer Omnicom Engineering. Balfour Beatty said that the acquisition will enhance its position in the rail market of the UK and will expand the global reach of Omnicom Engineering’s asset monitoring systems. Omnicom Engineering, founded in 1995, is a UK firm that specialises

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Smart Meter Rollout Suffers Further Delay

Cristina Diaconu October 4, 2016

The full smart meter rollout has been hit with a further delay, as the smart meter network operator missed its deadline for go-live. The Data and Communications Company (DCC) was due to go live on September 30, after a number of delays since its initial date in December 2015. The

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Government to Pull Plug on Help to Buy Scheme

Cristina Diaconu October 4, 2016

As previously advertised, the Government has confirmed that the Help to Buy mortgage guarantee scheme will close to new loans on December 31, 2016. The programme was introduced three years ago to raise the availability of high loan to value mortgages. According to the Government, confidence has now come back

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UK’s Biggest Innovation Show Coming to Manchester

Cristina Diaconu October 4, 2016

The biggest multi-sector showcase of innovation in the UK will come to Manchester in November, which will be the first ever time the annual show has been away from London. The Department for International Trade and Innovate UK will host Innovate 2016 which is being held at Manchester Central on

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Latest Issue
Issue 324 : Jan 2025

October 4, 2016

Geothermal Heat Pump Market Size,Application Development, Competitive Market Share & Forecast by 2023: Global Market Insights, Inc.

Cristina Diaconu October 4, 2016

Category: Construction Industry Today | Subscribe to Construction Industry Today Feed Published Tue, May 3rd 2016 Geothermal Heat Pump Market Size, Industry Analysis Report, Regional Outlook, Application Development, Competitive Market Share & Forecast, 2016 – 2023 Posted via Industry Today. Follow us on Twitter @IndustryToday Geothermal Heat Pump Market size is anticipated to exceed USD 130 billion by 2023, growing at over 13% CAGR from 2016 to 2023. Escalating need for low cost energy substitutes owing to rising oil prices is likely to drive industry demand over the forecast period. In addition, consequent hike in electricity and energy cost is forecast to positively impact the geothermal heat pump market size. These products are majorly used for cooling or heating the interiors of an entire building and pool water. They are also known as ground source heat pump and transfer the heat stored in the ground into a building during winters and vice-versa during summers. High efficiency and substantial energy savings is expected to fuel geothermal heat pumps market growth from 2016 to 2023. Unfavorable climatic conditions are also forecast to boost demand over the forecast period. Get Detail TOC: https://www.gminsights.com/request-sample/upcoming-detail/370 Quiet operation and superior comfort are the key features anticipated to increase demand from 2016 to 2023. Ability to substitute traditional HVAC (heating, ventilating, and air conditioning) systems is predicted to boost consumption. Various regulatory hurdles associated regarding utilization of groundwater aquifers are anticipated to adversely impact growth from 2016 to 2023. In addition, air source heat pumps market is forecast to pose a threat to industry growth. Installation of ground loops is mandatory during the system’s setup in order to provide platform for the heat exchange process. On the basis of technology, the geothermal heat pumps market includes open loop and closed loop systems. Closed loop systems are further segregated into vertical loop, horizontal loop, as well as pond or lake systems. These systems are predicted to occupy significant industry share owing to wide usage. As of 2015, they accounted for more than 80% of the installation across the globe. Open loop systems offer high efficiency and are highly dependent on the availability of adequate groundwater reserves. Horizontal systems require digging trenches for installing the ground loops. However, vertical systems require drilling of vertical boreholes for placing the loops. The aforementioned products primarily find significance in low space applications, and are ideally used in closed loop systems. Pond or lake systems offer high efficiency and involve negligible earth moving expenditure. Surging needs to cut down the dependence on fossil fuels is predicted to propel the geothermal heat pump market share over the forecast period. In addition, high cost involved in installation of these devices may pose a challenge to the industry in the coming years. Increasing demand from countries such as India and China is likely to provide massive growth prospects to industry players. Attractive payback period associated with the installation of these products in newly-built or green homes is expected to positively impact demand over the forecast period. In addition, easy financing along with high reliability offered by these devices is forecast to fuel the geothermal heat pumps market demand over the next seven years. Based on end-use, the industry can be segregated into residential and commercial sectors. Both segments are further segregated into new building systems and retrofit systems. Retrofit systems are predicted to exhibit higher growth prospects when compared to new building systems. Europe Geothermal Heat Pumps market share is expected to witness high growth prospects. Sweden, Germany, France, and Switzerland are predicted to be key industries owing to rising replacement needs across the region. Asia Pacific is forecast to grow at a steady pace over the next seven years. China geothermal heat pump market size is likely to be the most attractive segment between 2016 and 2023. Industry participants occupying substantial share include Dimplex, GeoMaster, WaterFurnace International, Bryant Heating and Cooling Systems. Other prominent industry players are Climatemaster, Danfoss, Enertech Global, NIBE, Kensa, and Ice Energy Technologies. Contact information Jack DavisGlobal Market Insights, Inc.8, The Green Suite #4594Dover, DE 19901United StatesDover199011 302-846-7766https://www.gminsights.com Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Source link

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Government Signs Contracts for Hinkley Point C

Cristina Diaconu October 4, 2016

The government has now formally signed contracts with Électricité de France (EDF) and China General Nuclear Power Group (CGN) for the £18 billion Hinkley Point C nuclear power station. At a ceremony in London last week, documents were signed by UK secretary of state for business, energy & industrial strategy Greg Clark, EDF chairman & chief executive Jean-Bernard Levy and CGN chairman He Yu. They signed the contract for difference, which will guarantee the above-market rate at which the UK government will buy electricity generated by the plant, and the secretary of state investor agreement, which will give the UK government control over future ownership transactions. The contracts will also allow for the development of new nuclear power stations at Sizewell B in Suffolk and Bradwell B in Essex. EDF said that the event marked the end of the development phase of the scheme after years of preparing and planning. Chairman Jean-Bernard Levy commented: “Contracts signed today with the British government and with our historic partner CGN are the result of years of hard work of the teams which have brought us to this point. “The project is of strategic importance for EDF Group and the nuclear industry. All of the employees of EDF Group around the world can be proud of the progress we have made. Now the next phase is underway. EDF, its partners and suppliers are ready and dedicated to the successful construction of Hinkley Point C.” The signing comes a few months later than anticipated, after a surprise intervention by prime minister Theresa May, whose decision to review and sometimes overturn key plans of the former David Cameron regime has only added to all the uncertainty surrounding the UK’s move out of the European Union. Among all this political uncertainty, we are still waiting to see, for instance, what the Maybies (©PB) will decide on the southern England airport expansion plans.

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Balfour Beatty Buys Omincom Engineering

Cristina Diaconu October 4, 2016

Balfour Beatty has acquired railway surveying equipment manufacturer Omnicom Engineering. Balfour Beatty said that the acquisition will enhance its position in the rail market of the UK and will expand the global reach of Omnicom Engineering’s asset monitoring systems. Omnicom Engineering, founded in 1995, is a UK firm that specialises in developing vehicle borne software and hardware platforms for asset survey, inspection and monitoring. The business is based in York and Derby, with clients including Network Rail in the UK and Australia’s largest rail freight operator, Aurizon. Omnicom Engineering specialises in video and laser surveys, as well as high-speed video inspection, such as OmniVision which allows clients to replace manual track inspection with automated machine vision from a high speed vehicle. Eight hours of data can be captured at speeds over 160km/h and processed within 48 hours. Among Balfour Beatty’s existing systems are high -speed laser and inertial measurement of track geometry, infrastructure gauge, points condition monitoring and software solutions to visualise condition and support asset management decisions. Managing Director of Balfour Beatty’s UK rail business, Mark Bullock, commented: “Omnicom Engineering is a true innovator which is benefiting from over 20 years of investment in research and development. “We will leverage this expertise alongside the high speed laser measurement technology that already exists within Balfour Beatty, to provide unrivalled technical solutions to clients in the growing high-speed and unattended data collection market in which we see opportunities for increasing our business. “Together, Omnicom and Balfour Beatty’s range of asset management solutions will offer an unrivalled richness of information to support the maintenance of roads and railways across the world.” Meanwhile, last month Balfour Beatty started work on the construction of a 19 storey tower in Portland in the US state of Oregon. The tower for BPM Real Estate will be home to a 180-room Radisson Red hotel and will also have 175,000 square feet of office space and over 2,000 square feet of ground-floor retail space.

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Smart Meter Rollout Suffers Further Delay

Cristina Diaconu October 4, 2016

The full smart meter rollout has been hit with a further delay, as the smart meter network operator missed its deadline for go-live. The Data and Communications Company (DCC) was due to go live on September 30, after a number of delays since its initial date in December 2015. The Department for Business, Energy and Industrial Strategy (BEIS) have not yet confirmed a new date but the infrastructure is crucial to connect smart meters to business systems of energy suppliers, network operators and other authorised service users of the network. A spokesperson for the DCC commented: “The national data and communications infrastructure is in the final stages of testing and is making good progress. We are working hard to deliver the network at the earliest possible opportunity to the energy industry.” The government has set out deadlines for the use of the DCC and meter installation as part of its plans to ensure a “timely” rollout, and ensure both energy suppliers and distribution network operators are ready to commence the rollout from the DCC go-live date. All domestic suppliers are required to be using the DCC by August 1, 2017, while major suppliers will also have to install 1,500 SMETS2 meters by February 1, 2017. A BEIS spokesperson said: “Smart meters will enable suppliers to deliver innovative products and services and help consumers to bring down their energy bills. This new infrastructure will make it easier for consumers to switch and is in the final stages of testing.” The industry is already concerned about meeting the target of offering a smart meter to all UK householders by 2020. Consultancy business KPMG has warned that the current installation rate would have to rise five-fold in order to meet the target. KPMG power and utilities director Amy Marshall added: “The number of smart and advanced meters operating in UK homes and small businesses now stands at 4.2 million, as the race towards hitting the 2020 government target intensifies.

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Government to Pull Plug on Help to Buy Scheme

Cristina Diaconu October 4, 2016

As previously advertised, the Government has confirmed that the Help to Buy mortgage guarantee scheme will close to new loans on December 31, 2016. The programme was introduced three years ago to raise the availability of high loan to value mortgages. According to the Government, confidence has now come back to the market with a rising number of lenders offering 90-95% loans away from the scheme. The government will continue to offer the very popular Help to Buy equity loan and ISA schemes. In a letter to the Bank of England on September 29,  the Chancellor Philip Hammond confirmed that the scheme would not be extended. Paul Smee, Council of Mortgage Lenders Director General, commented: “Help to Buy continues to give a welcome leg-up to many creditworthy buyers who may not otherwise have been able to get a foothold on the property ladder. The scheme has helped buyers right across the country, including a high proportion of younger borrowers and first-time buyers. Stewart Baseley, executive chairman of the Home Builders Federation, added: “Help to Buy continues to drive demand for new build homes by making home ownership more affordable and realistic. Its success is directly leading to more homes being built as it provides the confidence developers need to invest in the land and people required to increase their output.” Meanwhile, Richard Sexton, Director at e.surv, said that to date, the government has shown enthusiasm supporting the housing market, however this U-turn by the Chancellor begs the question of whether a change of emphasis is in the offing. The scheme’s early success resulted in a number of high street lenders including higher LTV products in their offerings. With this in mind, the withdrawal of Help to Buy may not have a dramatic an impact on the market.  However, lenders who made plans to include the scheme as part of their product range may now have to revise their strategies.

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UK’s Biggest Innovation Show Coming to Manchester

Cristina Diaconu October 4, 2016

The biggest multi-sector showcase of innovation in the UK will come to Manchester in November, which will be the first ever time the annual show has been away from London. The Department for International Trade and Innovate UK will host Innovate 2016 which is being held at Manchester Central on November 2 and 3, 2016. It will offer innovative UK businesses the chance to connect with research partners, export opportunities and investors to make their company scale up and grow. It is anticipated that the event will attract 2,500 businesses and investors, 200 speakers and 150 exhibitors. It will feature an exhibition of the most cutting edge innovations from companies throughout the country and inspirational keynote speeches from a number of the most respected industry leaders. Innovate UK Chief Executive Ruth McKernan commented: “We are very excited to be taking our annual flagship innovation showcase to Manchester this year. It is part of our commitment to build on and to support innovation excellence throughout the UK.” Among the show highlights will be: Over 90 innovators in our showcase area, 28 of whom will be launching new products or innovations at the show Key external speakers include Jess Butcher of Blippar; Paul Coby, Neil Rickets of Versarien; Paul Misener, VP Global Innovation for Amazon; Dr Alan James, VP Hyperloop One; Juergen Maier, Chief Executive of Siemens; Paul Clarke, Chief Technology Officer of Ocado. A wealth of information about the technology and innovation opportunities of the future, and how businesses can make the most of them. On Day One we’ll be exploring the key themes of Manufacturing of the Future, and Cities of the Future. On Day two, the key themes will be Health in the Future, and Technologies of the Future Businesses attending Innovate 2016 will receive expert advice on how to innovate and internationalise and set up meetings with international buyers and investors.

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