Global Geothermal Heat Pump Market Size & Outlook
Global geothermal heat pump market, 2016-2027 (US$M)
Related Markets
Global geothermal heat pump market highlights
- The global geothermal heat pump market generated a revenue of USD 9,439.3 million in 2019 and is expected to reach USD 16,407.0 million by 2027.
- The market is expected to grow at a CAGR (2020 - 2027) of 7.2% by 2027.
- In terms of segment, closed loop accounted for a revenue of USD 8,023.8 million in 2019.
- Closed Loop is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2019.
- Country-wise, Mexico is expected to register the highest CAGR from 2020 to 2027.
Global data book summary
| Market revenue in 2019 | USD 9,439.3 million |
| Market revenue in 2027 | USD 16,407.0 million |
| Growth rate | 7.2% (CAGR from 2019 to 2027) |
| Largest segment | Closed loop |
| Fastest growing segment | Closed Loop |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Closed Loop, Open Loop |
Other key industry trends
- In terms of revenue, the North America accounted for 26.1% of the global geothermal heat pump market in 2019.
- By country, the China is projected to lead the global market in terms of revenue in 2027.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 73.8 million by 2027.
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Geothermal Heat Pump Market Scope
Geothermal Heat Pump Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Dandelion Energy | View profile | 51-100 | Mount Kisco, New York, United States, North America | https://dandelionenergy.com |
| Robert Bosch Engineering & Business Solutions | View profile | 10001+ | Bangalore, Karnataka, India, Asia | http://www.bosch-india-software.com |
| Maritime Geothermal | View profile | 11-50 | Petitcodiac, New Brunswick, Canada, North America | https://www.nordicghp.com |
| Ochsner Health System | View profile | 10001+ | New Orleans, Louisiana, United States, North America | https://www.ochsner.org/ |
| Bard Manufacturing Company | View profile | 251-500 | Ohio, Illinois, United States, North America | http://www.bardhvac.com/ |
| ClimateMaster | View profile | 501-1000 | Oklahoma City, Oklahoma, United States, North America | http://climatemaster.com |
| Viessmann | View profile | 10001+ | Allendorf-eder, Hessen, Germany, Europe | http://www.viessmann.de |
| Vaillant Group | View profile | 10001+ | Remscheid, Nordrhein-Westfalen, Germany, Europe | https://www.vaillant-group.com |
| Stiebel Eltron | View profile | 11-50 | West Hatfield, Massachusetts, United States, North America | http://www.stiebel-eltron-usa.com |
| NIBE Industrier AB ADR | View profile | 22500 | Hannabadsvagen 5, Box 14, Markaryd, Sweden, SE- 285 21 | https://www.nibe.com |
| Ingersoll Rand Inc | View profile | 18000 | 525 Harbour Place Drive, Suite 600, Davidson, NC, United States, 28036 | https://www.irco.com |
| Carrier Global Corp Ordinary Shares | View profile | 53000 | 13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418 | https://www.corporate.carrier.com |
| Daikin Industries Ltd | View profile | 107127 | Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, Japan, 530-8323 | http://www.daikin.com |
| Spectrum Brands Holdings Inc | View profile | 3100 | 3001 Deming Way, Middleton, WI, United States, 53562 | https://www.spectrumbrands.com |
Global geothermal heat pump market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to geothermal heat pump market will help companies and investors design strategic landscapes.
Closed loop was the largest segment with a revenue share of 85% in 2019. Horizon Databook has segmented the Global geothermal heat pump market based on closed loop, open loop covering the revenue growth of each sub-segment from 2016 to 2027.
- Global Geothermal Heat Pump Type Outlook (Revenue, USD Million, 2016-2027)
- Closed Loop
- Horizontal
- Vertical
- Open Loop
- Closed Loop
- Global Geothermal Heat Pump Application Outlook (Revenue, USD Million, 2016-2027)
- Residential
- Commercial
- Industrial
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Our clientele includes a mix of geothermal heat pump market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global geothermal heat pump market , including forecasts for subscribers. This global databook contains high-level insights into Global geothermal heat pump market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Global geothermal heat pump market size, by regions, 2016-2027 (US$M)
Top 10 countries: Geothermal heat pump market size, 2019 (US$M)
Global geothermal heat pump market share, by type, 2019 & 2027 (%, US$M)
Geothermal heat pump market: Opportunity assessment by country
Global geothermal heat pump market, by region, 2019 (US$M)
Related statistics
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