Geothermal Heat Pump Market

A geothermal heat pump or ground source heat pump (GSHP) is a central heating and/or cooling system that transfers heat to or from the ground. It uses the earth all the time, without any intermittency, as a heat source (in the winter) or a heat sink (in the summer).

Geothermal Heat Pump Market aims to provide a comprehensive presentation of the global market for Geothermal Heat Pump, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Geothermal Heat Pump. Geothermal Heat Pump Market contains market size and forecasts of Geothermal Heat Pump in global, including the following market information:

Global Geothermal Heat Pump Market Revenue, 2018-2023, 2024-2029, ($ millions)

Global Geothermal Heat Pump Market Sales, 2018-2023, 2024-2029, (K Units)

Global top five Geothermal Heat Pump companies in 2022 (%)

The global Geothermal Heat Pump market was valued at US$ 4609.9 million in 2022 and is projected to reach US$ 8528.9 million by 2029, at a CAGR of 9.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Europe is the largest Geothermal Heat Pump market with about 33% market share. Asia-Pacific is follower, accounting for about 32% market share.The key manufacturers are Bosch Thermotechnology, Carrier, Vaillant, BDR Thermea, Modine, Nibe Industrier, Mitsubishi Electric, Viessmann, Trane, Stiebel Eltron, Danfoss Group, Weishaupt, Swegon, Wolf, OCHSNER Warmepumpen etc. Top 3 companies occupied about 31% market share.

We surveyed the Geothermal Heat Pump manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Geothermal Heat Pump Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)

Global Geothermal Heat Pump Market Segment Percentages, by Type, 2022 (%)

Vertical Closed Loop

Horizontal Closed Loop

Open Loop

Others

Global Geothermal Heat Pump Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)

Global Geothermal Heat Pump Market Segment Percentages, by Application, 2022 (%)

Residential Buildings

Commercial Buildings

Global Geothermal Heat Pump Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)

Global Geothermal Heat Pump Market Segment Percentages, By Region and Country, 2022 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Geothermal Heat Pump revenues in global market, 2018-2023 (Estimated), ($ millions)

Key companies Geothermal Heat Pump revenues share in global market, 2022 (%)

Key companies Geothermal Heat Pump sales in global market, 2018-2023 (Estimated), (K Units)

Key companies Geothermal Heat Pump sales share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:

Bosch Thermotechnology

Carrier

Vaillant

BDR Thermea

Modine

Nibe Industrier

Mitsubishi Electric

Viessmann

Trane

Stiebel Eltron

Danfoss Group

Weishaupt

Swegon

Wolf

OCHSNER Warmepumpen

Outline of Major Chapters:

Chapter 1: Introduces the definition of Geothermal Heat Pump, market overview.

Chapter 2: Global Geothermal Heat Pump market size in revenue and volume.

Chapter 3: Detailed analysis of Geothermal Heat Pump manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Geothermal Heat Pump in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Geothermal Heat Pump capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.