Global open loop geothermal heat pump market statistics
Global open loop geothermal heat pump market outlook size was valued at US$ 155,675.2 revenue in 2019 and is estimated to grow at a compound annual growth rate (CAGR) of 7.9% from 2019 to 2027.
- Energy & Power
- Renewable Energy
- Geothermal Heat Pump Market Outlook
- Renewable Energy
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Open loop - Geothermal heat pump market highlights
- The global open loop segment generated a revenue of USD 1,415.5 million in 2019 and is expected to reach USD 2,293.1 million by 2027.
- The market is expected to grow at a CAGR (2020 - 2027) of 6.5% by 2027.
- In terms of region, Asia Pacific was the largest revenue generating market in 2019.
- Country-wise, Japan is expected to register the highest CAGR from 2020 to 2027.
Market summary
| Market revenue in 2019 | USD 1,415.5 million |
| Market revenue in 2027 | USD 2,293.1 million |
| Growth rate | 6.5% (CAGR from 2020 to 2027) |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
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Geothermal Heat Pump Market Scope
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Global Geothermal Heat Pump Market Size & Outlook
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