Global Geothermal Heat Pump Supply, Demand and Key Producers, 2023-2029

Global Geothermal Heat Pump Supply, Demand and Key Producers, 2023-2029

The global Geothermal Heat Pump market size is expected to reach $ 6803.4 million by 2029, rising at a market growth of 7.9% CAGR during the forecast period (2023-2029).

Global 5 largest manufacturers of Geothermal Heat Pump are Bosch Thermotechnology, Carrier, BDR Thermea, Vaillant and Nibe Industrier, which make up over 45%. Among them, Bosch Thermotechnology is the leader with about 10% market share.

Europe is the largest market, with a share over 35%, followed by North America and China, with the share about 30% and 12%. In terms of product type, Vertical Closed Loop occupies the largest share of the total market, more than 45%. In terms of product application, Commercial Buildings occupy the largest share of the total market, about 60%.

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).

This report studies the global Geothermal Heat Pump production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Geothermal Heat Pump, and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Geothermal Heat Pump that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Geothermal Heat Pump total production and demand, 2018-2029, (K Units)

Global Geothermal Heat Pump total production value, 2018-2029, (USD Million)

Global Geothermal Heat Pump production by region & country, production, value, CAGR, 2018-2029, (USD Million) & (K Units)

Global Geothermal Heat Pump consumption by region & country, CAGR, 2018-2029 & (K Units)

U.S. VS China: Geothermal Heat Pump domestic production, consumption, key domestic manufacturers and share

Global Geothermal Heat Pump production by manufacturer, production, price, value and market share 2018-2023, (USD Million) & (K Units)

Global Geothermal Heat Pump production by Type, production, value, CAGR, 2018-2029, (USD Million) & (K Units)

Global Geothermal Heat Pump production by Application production, value, CAGR, 2018-2029, (USD Million) & (K Units).

This reports profiles key players in the global Geothermal Heat Pump market based on the following parameters – company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Bosch Thermotechnology, Carrier, Vaillant, BDR Thermea, Modine, Nibe Industrier, Mitsubishi Electric, Viessmann and Trane, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Geothermal Heat Pump market.

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K Units) and average price (USD/Unit) by manufacturer, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Geothermal Heat Pump Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Geothermal Heat Pump Market, Segmentation by Type
Vertical Closed Loop
Horizontal Closed Loop
Open Loop
Others

Global Geothermal Heat Pump Market, Segmentation by Application
Residential Buildings
Commercial Buildings

Companies Profiled:
Bosch Thermotechnology
Carrier
Vaillant
BDR Thermea
Modine
Nibe Industrier
Mitsubishi Electric
Viessmann
Trane
Stiebel Eltron
Danfoss Group
Weishaupt
Swegon
Wolf
OCHSNER Warmepumpen

Key Questions Answered

1. How big is the global Geothermal Heat Pump market?

2. What is the demand of the global Geothermal Heat Pump market?

3. What is the year over year growth of the global Geothermal Heat Pump market?

4. What is the production and production value of the global Geothermal Heat Pump market?

5. Who are the key producers in the global Geothermal Heat Pump market?

6. What are the growth factors driving the market demand?