Global Geothermal Heat Pump Market Growth 2025-2031
The global Geothermal Heat Pump market size is predicted to grow from US$ 4478 million in 2025 to US$ 7321 million in 2031; it is expected to grow at a CAGR of 8.5% from 2025 to 2031.
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).
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%.
LP Information, Inc. (LPI) ' newest research report, the “Geothermal Heat Pump Industry Forecast” looks at past sales and reviews total world Geothermal Heat Pump sales in 2024, providing a comprehensive analysis by region and market sector of projected Geothermal Heat Pump sales for 2025 through 2031. With Geothermal Heat Pump sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Geothermal Heat Pump industry.
This Insight Report provides a comprehensive analysis of the global Geothermal Heat Pump landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Geothermal Heat Pump portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Geothermal Heat Pump market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Geothermal Heat Pump and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Geothermal Heat Pump.
This report presents a comprehensive overview, market shares, and growth opportunities of Geothermal Heat Pump market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Vertical Closed Loop
Horizontal Closed Loop
Open Loop
Others
Segmentation by Application:
Residential Buildings
Commercial Buildings
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Bosch Thermotechnology
Carrier
Vaillant
BDR Thermea
Modine
Nibe Industrier
Mitsubishi Electric
Viessmann
Trane
Stiebel Eltron
Danfoss Group
Weishaupt
Swegon
Wolf
OCHSNER Warmepumpen
Key Questions Addressed in this Report
What is the 10-year outlook for the global Geothermal Heat Pump market?
What factors are driving Geothermal Heat Pump market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Geothermal Heat Pump market opportunities vary by end market size?
How does Geothermal Heat Pump break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.