Geothermal Heat Pump Market Report – Research, Industry Analysis Reports and Market Demands

Global Geothermal Heat Pump Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Request for Sample of this report

Buy now

Table of Content

1 Market Overview

1.1 Product Overview and Scope of Geothermal Heat Pump
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
- 1.3.1 Overview: Global Geothermal Heat Pump Consumption Value by Type: 2018 Versus 2022 Versus 2029
- 1.3.2 Vertical Closed Loop
- 1.3.3 Horizontal Closed Loop
- 1.3.4 Open Loop
- 1.3.5 Others
1.4 Market Analysis by Application
- 1.4.1 Overview: Global Geothermal Heat Pump Consumption Value by Application: 2018 Versus 2022 Versus 2029
- 1.4.2 Residential Buildings
- 1.4.3 Commercial Buildings
1.5 Global Geothermal Heat Pump Market Size & Forecast
- 1.5.1 Global Geothermal Heat Pump Consumption Value (2018 & 2022 & 2029)
- 1.5.2 Global Geothermal Heat Pump Sales Quantity (2018-2029)
- 1.5.3 Global Geothermal Heat Pump Average Price (2018-2029)

2 Manufacturers Profiles

3 Competitive Environment: Geothermal Heat Pump by Manufacturer

3.1 Global Geothermal Heat Pump Sales Quantity by Manufacturer (2018-2023)
3.2 Global Geothermal Heat Pump Revenue by Manufacturer (2018-2023)
3.3 Global Geothermal Heat Pump Average Price by Manufacturer (2018-2023)
3.4 Market Share Analysis (2022)
- 3.4.1 Producer Shipments of Geothermal Heat Pump by Manufacturer Revenue ($MM) and Market Share (%): 2022
- 3.4.2 Top 3 Geothermal Heat Pump Manufacturer Market Share in 2022
- 3.4.2 Top 6 Geothermal Heat Pump Manufacturer Market Share in 2022
3.5 Geothermal Heat Pump Market: Overall Company Footprint Analysis
- 3.5.1 Geothermal Heat Pump Market: Region Footprint
- 3.5.2 Geothermal Heat Pump Market: Company Product Type Footprint
- 3.5.3 Geothermal Heat Pump Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

4.1 Global Geothermal Heat Pump Market Size by Region
- 4.1.1 Global Geothermal Heat Pump Sales Quantity by Region (2018-2029)
- 4.1.2 Global Geothermal Heat Pump Consumption Value by Region (2018-2029)
- 4.1.3 Global Geothermal Heat Pump Average Price by Region (2018-2029)
4.2 North America Geothermal Heat Pump Consumption Value (2018-2029)
4.3 Europe Geothermal Heat Pump Consumption Value (2018-2029)
4.4 Asia-Pacific Geothermal Heat Pump Consumption Value (2018-2029)
4.5 South America Geothermal Heat Pump Consumption Value (2018-2029)
4.6 Middle East and Africa Geothermal Heat Pump Consumption Value (2018-2029)

5 Market Segment by Type

5.1 Global Geothermal Heat Pump Sales Quantity by Type (2018-2029)
5.2 Global Geothermal Heat Pump Consumption Value by Type (2018-2029)
5.3 Global Geothermal Heat Pump Average Price by Type (2018-2029)

6 Market Segment by Application

6.1 Global Geothermal Heat Pump Sales Quantity by Application (2018-2029)
6.2 Global Geothermal Heat Pump Consumption Value by Application (2018-2029)
6.3 Global Geothermal Heat Pump Average Price by Application (2018-2029)

7 North America

7.1 North America Geothermal Heat Pump Sales Quantity by Type (2018-2029)
7.2 North America Geothermal Heat Pump Sales Quantity by Application (2018-2029)
7.3 North America Geothermal Heat Pump Market Size by Country
- 7.3.1 North America Geothermal Heat Pump Sales Quantity by Country (2018-2029)
- 7.3.2 North America Geothermal Heat Pump Consumption Value by Country (2018-2029)
- 7.3.3 United States Market Size and Forecast (2018-2029)
- 7.3.4 Canada Market Size and Forecast (2018-2029)
- 7.3.5 Mexico Market Size and Forecast (2018-2029)

8 Europe

8.1 Europe Geothermal Heat Pump Sales Quantity by Type (2018-2029)
8.2 Europe Geothermal Heat Pump Sales Quantity by Application (2018-2029)
8.3 Europe Geothermal Heat Pump Market Size by Country
- 8.3.1 Europe Geothermal Heat Pump Sales Quantity by Country (2018-2029)
- 8.3.2 Europe Geothermal Heat Pump Consumption Value by Country (2018-2029)
- 8.3.3 Germany Market Size and Forecast (2018-2029)
- 8.3.4 France Market Size and Forecast (2018-2029)
- 8.3.5 United Kingdom Market Size and Forecast (2018-2029)
- 8.3.6 Russia Market Size and Forecast (2018-2029)
- 8.3.7 Italy Market Size and Forecast (2018-2029)

9 Asia-Pacific

9.1 Asia-Pacific Geothermal Heat Pump Sales Quantity by Type (2018-2029)
9.2 Asia-Pacific Geothermal Heat Pump Sales Quantity by Application (2018-2029)
9.3 Asia-Pacific Geothermal Heat Pump Market Size by Region
- 9.3.1 Asia-Pacific Geothermal Heat Pump Sales Quantity by Region (2018-2029)
- 9.3.2 Asia-Pacific Geothermal Heat Pump Consumption Value by Region (2018-2029)
- 9.3.3 China Market Size and Forecast (2018-2029)
- 9.3.4 Japan Market Size and Forecast (2018-2029)
- 9.3.5 Korea Market Size and Forecast (2018-2029)
- 9.3.6 India Market Size and Forecast (2018-2029)
- 9.3.7 Southeast Asia Market Size and Forecast (2018-2029)
- 9.3.8 Australia Market Size and Forecast (2018-2029)

10 South America

10.1 South America Geothermal Heat Pump Sales Quantity by Type (2018-2029)
10.2 South America Geothermal Heat Pump Sales Quantity by Application (2018-2029)
10.3 South America Geothermal Heat Pump Market Size by Country
- 10.3.1 South America Geothermal Heat Pump Sales Quantity by Country (2018-2029)
- 10.3.2 South America Geothermal Heat Pump Consumption Value by Country (2018-2029)
- 10.3.3 Brazil Market Size and Forecast (2018-2029)
- 10.3.4 Argentina Market Size and Forecast (2018-2029)

11 Middle East & Africa

11.1 Middle East & Africa Geothermal Heat Pump Sales Quantity by Type (2018-2029)
11.2 Middle East & Africa Geothermal Heat Pump Sales Quantity by Application (2018-2029)
11.3 Middle East & Africa Geothermal Heat Pump Market Size by Country
- 11.3.1 Middle East & Africa Geothermal Heat Pump Sales Quantity by Country (2018-2029)
- 11.3.2 Middle East & Africa Geothermal Heat Pump Consumption Value by Country (2018-2029)
- 11.3.3 Turkey Market Size and Forecast (2018-2029)
- 11.3.4 Egypt Market Size and Forecast (2018-2029)
- 11.3.5 Saudi Arabia Market Size and Forecast (2018-2029)
- 11.3.6 South Africa Market Size and Forecast (2018-2029)

12 Market Dynamics

12.1 Geothermal Heat Pump Market Drivers
12.2 Geothermal Heat Pump Market Restraints
12.3 Geothermal Heat Pump Trends Analysis
12.4 Porters Five Forces Analysis
- 12.4.1 Threat of New Entrants
- 12.4.2 Bargaining Power of Suppliers
- 12.4.3 Bargaining Power of Buyers
- 12.4.4 Threat of Substitutes
- 12.4.5 Competitive Rivalry
12.5 Influence of COVID-19 and Russia-Ukraine War
- 12.5.1 Influence of COVID-19
- 12.5.2 Influence of Russia-Ukraine War

13 Raw Material and Industry Chain

13.1 Raw Material of Geothermal Heat Pump and Key Manufacturers
13.2 Manufacturing Costs Percentage of Geothermal Heat Pump
13.3 Geothermal Heat Pump Production Process
13.4 Geothermal Heat Pump Industrial Chain

14 Shipments by Distribution Channel

14.1 Sales Channel
- 14.1.1 Direct to End-User
- 14.1.2 Distributors
14.2 Geothermal Heat Pump Typical Distributors
14.3 Geothermal Heat Pump Typical Customers

15 Research Findings and Conclusion

16 Appendix

16.1 Methodology
16.2 Research Process and Data Source

Description

According to our (Global Info Research) latest study, the global Geothermal Heat Pump market size was valued at USD 4001.7 million in 2022 and is forecast to a readjusted size of USD 6803.4 million by 2029 with a CAGR of 7.9% during review period.
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%.
The Global Info Research report includes an overview of the development of the Geothermal Heat Pump industry chain, the market status of Residential Buildings (Vertical Closed Loop, Horizontal Closed Loop), Commercial Buildings (Vertical Closed Loop, Horizontal Closed Loop), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Geothermal Heat Pump.
Regionally, the report analyzes the Geothermal Heat Pump markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Geothermal Heat Pump market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Geothermal Heat Pump market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Geothermal Heat Pump industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Vertical Closed Loop, Horizontal Closed Loop).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Geothermal Heat Pump market.
Regional Analysis: The report involves examining the Geothermal Heat Pump market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Geothermal Heat Pump market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Geothermal Heat Pump:
Company Analysis: Report covers individual Geothermal Heat Pump manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Geothermal Heat Pump This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Residential Buildings, Commercial Buildings).
Technology Analysis: Report covers specific technologies relevant to Geothermal Heat Pump. It assesses the current state, advancements, and potential future developments in Geothermal Heat Pump areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Geothermal Heat Pump market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Geothermal Heat Pump market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Vertical Closed Loop
Horizontal Closed Loop
Open Loop
Others
Market segment by Application
Residential Buildings
Commercial Buildings
Major players covered
Bosch Thermotechnology
Carrier
Vaillant
BDR Thermea
Modine
Nibe Industrier
Mitsubishi Electric
Viessmann
Trane
Stiebel Eltron
Danfoss Group
Weishaupt
Swegon
Wolf
OCHSNER Warmepumpen
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Geothermal Heat Pump product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Geothermal Heat Pump, with price, sales, revenue and global market share of Geothermal Heat Pump from 2018 to 2023.
Chapter 3, the Geothermal Heat Pump competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Geothermal Heat Pump breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Geothermal Heat Pump market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Geothermal Heat Pump.
Chapter 14 and 15, to describe Geothermal Heat Pump sales channel, distributors, customers, research findings and conclusion.

Buy now