Geothermal Heat Pump Industry Research Report 2025

Summary

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).

According to APO Research, The global Geothermal Heat Pump market was valued at US$ million in 2024 and is anticipated to reach US$ million by 2031, witnessing a CAGR of xx% during the forecast period 2025-2031.

North American market for Geothermal Heat Pump is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.

Asia-Pacific market for Geothermal Heat Pump is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Europe market for Geothermal Heat Pump is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The major global manufacturers of Geothermal Heat Pump include , etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report 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.

The report will help the Geothermal Heat Pump manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

The Geothermal Heat Pump market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Geothermal Heat Pump market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2020-2025. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.

Geothermal Heat Pump Segment by Company

Bosch Thermotechnology
Carrier
Vaillant
BDR Thermea
Modine
Nibe Industrier
Mitsubishi Electric
Viessmann
Trane
Stiebel Eltron
Danfoss Group
Weishaupt
Swegon
Wolf
OCHSNER Warmepumpen
Geothermal Heat Pump Segment by Type

Vertical Closed Loop
Horizontal Closed Loop
Open Loop
Others
Geothermal Heat Pump Segment by Application

Residential Buildings
Commercial Buildings
Geothermal Heat Pump Segment by Region

North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Geothermal Heat Pump market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Geothermal Heat Pump and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Geothermal Heat Pump.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Geothermal Heat Pump manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Geothermal Heat Pump by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption 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, and production of each country in the world.
Chapter 7: 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 8: 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 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: 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 11: The main points and conclusions of the report.

Please Note: Single-User license will be delivered via PDF from the publisher without the rights to print or to edit.


1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Geothermal Heat Pump by Type
2.2.1 Market Value Comparison by Type (2020 VS 2024 VS 2031) & (US$ Million)
2.2.2 Vertical Closed Loop
2.2.3 Horizontal Closed Loop
2.2.4 Open Loop
2.2.5 Others
2.3 Geothermal Heat Pump by Application
2.3.1 Market Value Comparison by Application (2020 VS 2024 VS 2031) & (US$ Million)
2.3.2 Residential Buildings
2.3.3 Commercial Buildings
2.4 Global Market Growth Prospects
2.4.1 Global Geothermal Heat Pump Production Value Estimates and Forecasts (2020-2031)
2.4.2 Global Geothermal Heat Pump Production Capacity Estimates and Forecasts (2020-2031)
2.4.3 Global Geothermal Heat Pump Production Estimates and Forecasts (2020-2031)
2.4.4 Global Geothermal Heat Pump Market Average Price (2020-2031)
3 Market Competitive Landscape by Manufacturers
3.1 Global Geothermal Heat Pump Production by Manufacturers (2020-2025)
3.2 Global Geothermal Heat Pump Production Value by Manufacturers (2020-2025)
3.3 Global Geothermal Heat Pump Average Price by Manufacturers (2020-2025)
3.4 Global Geothermal Heat Pump Industry Manufacturers Ranking, 2023 VS 2024 VS 2025
3.5 Global Geothermal Heat Pump Key Manufacturers, Manufacturing Sites & Headquarters
3.6 Global Geothermal Heat Pump Manufacturers, Product Type & Application
3.7 Global Geothermal Heat Pump Manufacturers Established Date
3.8 Global Geothermal Heat Pump Market CR5 and HHI
3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
4.1 Bosch Thermotechnology
4.1.1 Bosch Thermotechnology Geothermal Heat Pump Company Information
4.1.2 Bosch Thermotechnology Geothermal Heat Pump Business Overview
4.1.3 Bosch Thermotechnology Geothermal Heat Pump Production, Value and Gross Margin (2020-2025)
4.1.4 Bosch Thermotechnology Product Portfolio
4.1.5 Bosch Thermotechnology Recent Developments
4.2 Carrier
4.2.1 Carrier Geothermal Heat Pump Company Information
4.2.2 Carrier Geothermal Heat Pump Business Overview
4.2.3 Carrier Geothermal Heat Pump Production, Value and Gross Margin (2020-2025)
4.2.4 Carrier Product Portfolio
4.2.5 Carrier Recent Developments
4.3 Vaillant
4.3.1 Vaillant Geothermal Heat Pump Company Information
4.3.2 Vaillant Geothermal Heat Pump Business Overview
4.3.3 Vaillant Geothermal Heat Pump Production, Value and Gross Margin (2020-2025)
4.3.4 Vaillant Product Portfolio
4.3.5 Vaillant Recent Developments
4.4 BDR Thermea
4.4.1 BDR Thermea Geothermal Heat Pump Company Information
4.4.2 BDR Thermea Geothermal Heat Pump Business Overview
4.4.3 BDR Thermea Geothermal Heat Pump Production, Value and Gross Margin (2020-2025)
4.4.4 BDR Thermea Product Portfolio
4.4.5 BDR Thermea Recent Developments
4.5 Modine
4.5.1 Modine Geothermal Heat Pump Company Information
4.5.2 Modine Geothermal Heat Pump Business Overview
4.5.3 Modine Geothermal Heat Pump Production, Value and Gross Margin (2020-2025)
4.5.4 Modine Product Portfolio
4.5.5 Modine Recent Developments
4.6 Nibe Industrier
4.6.1 Nibe Industrier Geothermal Heat Pump Company Information
4.6.2 Nibe Industrier Geothermal Heat Pump Business Overview
4.6.3 Nibe Industrier Geothermal Heat Pump Production, Value and Gross Margin (2020-2025)
4.6.4 Nibe Industrier Product Portfolio
4.6.5 Nibe Industrier Recent Developments
4.7 Mitsubishi Electric
4.7.1 Mitsubishi Electric Geothermal Heat Pump Company Information
4.7.2 Mitsubishi Electric Geothermal Heat Pump Business Overview
4.7.3 Mitsubishi Electric Geothermal Heat Pump Production, Value and Gross Margin (2020-2025)
4.7.4 Mitsubishi Electric Product Portfolio
4.7.5 Mitsubishi Electric Recent Developments
4.8 Viessmann
4.8.1 Viessmann Geothermal Heat Pump Company Information
4.8.2 Viessmann Geothermal Heat Pump Business Overview
4.8.3 Viessmann Geothermal Heat Pump Production, Value and Gross Margin (2020-2025)
4.8.4 Viessmann Product Portfolio
4.8.5 Viessmann Recent Developments
4.9 Trane
4.9.1 Trane Geothermal Heat Pump Company Information
4.9.2 Trane Geothermal Heat Pump Business Overview
4.9.3 Trane Geothermal Heat Pump Production, Value and Gross Margin (2020-2025)
4.9.4 Trane Product Portfolio
4.9.5 Trane Recent Developments
4.10 Stiebel Eltron
4.10.1 Stiebel Eltron Geothermal Heat Pump Company Information
4.10.2 Stiebel Eltron Geothermal Heat Pump Business Overview
4.10.3 Stiebel Eltron Geothermal Heat Pump Production, Value and Gross Margin (2020-2025)
4.10.4 Stiebel Eltron Product Portfolio
4.10.5 Stiebel Eltron Recent Developments
4.11 Danfoss Group
4.11.1 Danfoss Group Geothermal Heat Pump Company Information
4.11.2 Danfoss Group Geothermal Heat Pump Business Overview
4.11.3 Danfoss Group Geothermal Heat Pump Production, Value and Gross Margin (2020-2025)
4.11.4 Danfoss Group Product Portfolio
4.11.5 Danfoss Group Recent Developments
4.12 Weishaupt
4.12.1 Weishaupt Geothermal Heat Pump Company Information
4.12.2 Weishaupt Geothermal Heat Pump Business Overview
4.12.3 Weishaupt Geothermal Heat Pump Production, Value and Gross Margin (2020-2025)
4.12.4 Weishaupt Product Portfolio
4.12.5 Weishaupt Recent Developments
4.13 Swegon
4.13.1 Swegon Geothermal Heat Pump Company Information
4.13.2 Swegon Geothermal Heat Pump Business Overview
4.13.3 Swegon Geothermal Heat Pump Production, Value and Gross Margin (2020-2025)
4.13.4 Swegon Product Portfolio
4.13.5 Swegon Recent Developments
4.14 Wolf
4.14.1 Wolf Geothermal Heat Pump Company Information
4.14.2 Wolf Geothermal Heat Pump Business Overview
4.14.3 Wolf Geothermal Heat Pump Production, Value and Gross Margin (2020-2025)
4.14.4 Wolf Product Portfolio
4.14.5 Wolf Recent Developments
4.15 OCHSNER Warmepumpen
4.15.1 OCHSNER Warmepumpen Geothermal Heat Pump Company Information
4.15.2 OCHSNER Warmepumpen Geothermal Heat Pump Business Overview
4.15.3 OCHSNER Warmepumpen Geothermal Heat Pump Production, Value and Gross Margin (2020-2025)
4.15.4 OCHSNER Warmepumpen Product Portfolio
4.15.5 OCHSNER Warmepumpen Recent Developments
5 Global Geothermal Heat Pump Production by Region
5.1 Global Geothermal Heat Pump Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
5.2 Global Geothermal Heat Pump Production by Region: 2020-2031
5.2.1 Global Geothermal Heat Pump Production by Region: 2020-2025
5.2.2 Global Geothermal Heat Pump Production Forecast by Region (2026-2031)
5.3 Global Geothermal Heat Pump Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
5.4 Global Geothermal Heat Pump Production Value by Region: 2020-2031
5.4.1 Global Geothermal Heat Pump Production Value by Region: 2020-2025
5.4.2 Global Geothermal Heat Pump Production Value Forecast by Region (2026-2031)
5.5 Global Geothermal Heat Pump Market Price Analysis by Region (2020-2025)
5.6 Global Geothermal Heat Pump Production and Value, YOY Growth
5.6.1 North America Geothermal Heat Pump Production Value Estimates and Forecasts (2020-2031)
5.6.2 Europe Geothermal Heat Pump Production Value Estimates and Forecasts (2020-2031)
5.6.3 China Geothermal Heat Pump Production Value Estimates and Forecasts (2020-2031)
5.6.4 Japan Geothermal Heat Pump Production Value Estimates and Forecasts (2020-2031)
6 Global Geothermal Heat Pump Consumption by Region
6.1 Global Geothermal Heat Pump Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
6.2 Global Geothermal Heat Pump Consumption by Region (2020-2031)
6.2.1 Global Geothermal Heat Pump Consumption by Region: 2020-2025
6.2.2 Global Geothermal Heat Pump Forecasted Consumption by Region (2026-2031)
6.3 North America
6.3.1 North America Geothermal Heat Pump Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.3.2 North America Geothermal Heat Pump Consumption by Country (2020-2031)
6.3.3 United States
6.3.4 Canada
6.3.5 Mexico
6.4 Europe
6.4.1 Europe Geothermal Heat Pump Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.4.2 Europe Geothermal Heat Pump Consumption by Country (2020-2031)
6.4.3 Germany
6.4.4 France
6.4.5 U.K.
6.4.6 Italy
6.4.7 Russia
6.4.8 Spain
6.4.9 Netherlands
6.4.10 Switzerland
6.4.11 Sweden
6.4.12 Poland
6.5 Asia Pacific
6.5.1 Asia Pacific Geothermal Heat Pump Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.5.2 Asia Pacific Geothermal Heat Pump Consumption by Country (2020-2031)
6.5.3 China
6.5.4 Japan
6.5.5 South Korea
6.5.6 India
6.5.7 Australia
6.5.8 Taiwan
6.5.9 Southeast Asia
6.6 South America, Middle East & Africa
6.6.1 South America, Middle East & Africa Geothermal Heat Pump Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.6.2 South America, Middle East & Africa Geothermal Heat Pump Consumption by Country (2020-2031)
6.6.3 Brazil
6.6.4 Argentina
6.6.5 Chile
6.6.6 Turkey
6.6.7 GCC Countries
7 Segment by Type
7.1 Global Geothermal Heat Pump Production by Type (2020-2031)
7.1.1 Global Geothermal Heat Pump Production by Type (2020-2031) & (K Units)
7.1.2 Global Geothermal Heat Pump Production Market Share by Type (2020-2031)
7.2 Global Geothermal Heat Pump Production Value by Type (2020-2031)
7.2.1 Global Geothermal Heat Pump Production Value by Type (2020-2031) & (US$ Million)
7.2.2 Global Geothermal Heat Pump Production Value Market Share by Type (2020-2031)
7.3 Global Geothermal Heat Pump Price by Type (2020-2031)
8 Segment by Application
8.1 Global Geothermal Heat Pump Production by Application (2020-2031)
8.1.1 Global Geothermal Heat Pump Production by Application (2020-2031) & (K Units)
8.1.2 Global Geothermal Heat Pump Production Market Share by Application (2020-2031)
8.2 Global Geothermal Heat Pump Production Value by Application (2020-2031)
8.2.1 Global Geothermal Heat Pump Production Value by Application (2020-2031) & (US$ Million)
8.2.2 Global Geothermal Heat Pump Production Value Market Share by Application (2020-2031)
8.3 Global Geothermal Heat Pump Price by Application (2020-2031)
9 Value Chain and Sales Channels Analysis of the Market
9.1 Geothermal Heat Pump Value Chain Analysis
9.1.1 Geothermal Heat Pump Key Raw Materials
9.1.2 Raw Materials Key Suppliers
9.1.3 Geothermal Heat Pump Production Mode & Process
9.2 Geothermal Heat Pump Sales Channels Analysis
9.2.1 Direct Comparison with Distribution Share
9.2.2 Geothermal Heat Pump Distributors
9.2.3 Geothermal Heat Pump Customers
10 Global Geothermal Heat Pump Analyzing Market Dynamics
10.1 Geothermal Heat Pump Industry Trends
10.2 Geothermal Heat Pump Industry Drivers
10.3 Geothermal Heat Pump Industry Opportunities and Challenges
10.4 Geothermal Heat Pump Industry Restraints
11 Report Conclusion
12 Disclaimer

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