Global Geothermal Heat Pump Sales Market Report 2023
Market Analysis and Insights: Global Geothermal Heat Pump Market
Due to the COVID-19 pandemic, the global Geothermal Heat Pump market size was US$ 3,889.15 million in 2022 and is forecast to a readjusted size of US$ 6,850.28 million by 2029 with a CAGR of 8.23% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Vertical Closed Loop accounting for 49.84% of the Geothermal Heat Pump global market in 2022, is projected to value US$ 3,438.16 million by 2029, growing at a revised 8.36% CAGR from 2023 to 2029. While Residential Buildings segment is altered to an 8.31% CAGR throughout this forecast period.
The North America Geothermal Heat Pump market size was US$ 1,164.80 million in 2022, while China was US$ 483.03 million. The proportion of the North America was 29.95% in 2022, while Chinese percentage was 12.42%, and it is predicted that China share will reach 15.08% in 2029, trailing a CAGR of 11.65% through the analysis period.
The global key manufacturers of Geothermal Heat Pump include Bosch Thermotechnology, Carrier, Vaillant, BDR Thermea, Modine, Nibe Industrier, Mitsubishi Electric, Viessmann, and Trane, etc. In 2022, the global top five players occupied for a share approximately 48.12% in terms of revenue.
Global Geothermal Heat Pump Scope and Market Size
The global Geothermal Heat Pump market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Geothermal Heat Pump market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2018-2029.
By Company
Bosch Thermotechnology
Carrier
Vaillant
BDR Thermea
Modine
Nibe Industrier
Mitsubishi Electric
Viessmann
Trane
Stiebel Eltron
Weishaupt
Swegon
Wolf
OCHSNER Warmepumpen
Segment by Type
Vertical Closed Loop
Horizontal Closed Loop
Open Loop
Others
Segment by Application
Residential Buildings
Commercial Buildings
By Region
North America
Europe
China
Japan
Southeast Asia
India
Other Regions
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