Global Geothermal Heat Pump Market Report 2024

Geothermal Heat Pump Global Market Report 2024 – By Technology (Open Loop System, Closed Loop System), By Application (Residential, Commercial, Industrial) – Market Size, Trends, And Global Forecast 2024-2033

Starting Price : $4000.00 | Pages : 200 | Published : January 2024 | Delivery Time: 2-3 business days | Format : pdf

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Geothermal Heat Pump Market Definition And Segments

The geothermal heat pump refers to a system with high-efficiency renewable energy technology that uses the earth's constant temperature to heat and cool buildings. Geothermal heat pumps are packaged in a single cabinet, which includes a compressor, loop-to-refrigerant heat exchanger, and controls.

The main types of geothermal heat pumps include open-loop geothermal heat pumps and closed-loop geothermal heat pumps. The open-loop geothermal heat pumps refer to a heat pump that uses groundwater, which acts as a refrigerant to transfer thermodynamic energy for heating or cooling. They are widely used in residential, commercial, and industrial applications.

The geothermal heat pump market covered in this report is segmented –

1) By Technology: Open Loop System, Closed Loop System

2) By Application: Residential, Commercial, Industrial

The geothermal heat pump market size has grown strongly in recent years. It will grow from $4.06 billion in 2023 to $4.44 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to government initiatives to install heat pumps, increased adoption of renewable energy sources, and strong economic growth in emerging markets.

The geothermal heat pump market size is expected to see strong growth in the next few years. It will grow to $6.15 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to government initiatives to install heat pumps, increased adoption of renewable energy sources, and strong economic growth in emerging markets. Major trends in the forecast period include a focus on expanding their manufacturing operations, turning to a pay-as-you-go business model, increasing investments, and undergoing partnerships and collaborations to improve their product offerings and to stay competitive in the market.

Government Initiatives To Curb Carbon Emissions Drive Growth In The Geothermal Heat Pumps Market

The increasing government initiatives to curb carbon emissions are driving the growth of the geothermal heat pumps market. Governments across the world are launching various initiatives to cut carbon emissions and some countries have made futuristic plans to target net-zero carbon emissions through the utilization of natural resources such as geothermal energy, nuclear energy, and others. Increasing government’s shift toward natural resources is expected to boost demand for geothermal heat pumps as they are increasingly being used for heating and cooling over carbon emissions-producing products such as electricity-powered air conditioning units, thermal-powered power plants, and others. For instance, according to the International Energy Agency, a France-based autonomous intergovernmental organization, there is a road map for net-zero carbon emissions by 2050 that requires all governments to significantly strengthen and then successfully implement their energy and climate policies. The number of countries that pledged to achieve net-zero emissions has grown rapidly over the last year and now (as of 2021) covers around 70% of global CO2 emissions. In addition, New Zealand Japan, Canada, and Korea have passed laws committing to achieving net zero by 2050 whereas Fiji, Ireland, and Chile have proposed legislation. The UK has a legally attached net-zero target by 2050 and new interim targets to reduce emissions by 78% by 2035. Therefore, increasing government initiatives to curb carbon emissions is expected to boost demand for geothermal heat pumps during the forecast period.

Rising Fuel Prices Propel Demand For Geothermal Heat Pumps In The Market

Rising fuel prices are expected to drive the growth of the geothermal heat pump market during the forecast period. Increasing fuel prices have led to an increased demand for geothermal heat as these systems are more environmentally beneficial because they do not use fossil fuels. For example, according to the Bureau of Transportation Statistics, a US-based government agency, from January to June 2022, the price of regular motor gasoline rose 49% and the price of diesel fuel rose slightly more at 55%. Further, in August 2022, according to the British Broadcasting Corporation, a UK-based broadcasting company, fuel prices in Bangladesh have seen growth from 86 taka ($0.81) to 130 taka ($1.37) a liter. Diesel and kerosene have also risen by 42.5%. Therefore, the rising fuel prices will contribute to the growth of the geothermal heat pump market.

Major companies operating in the geothermal heat pump market report are Carrier Global Corporation, Bosch Thermotechnology, NIBE Group, Viessmann, Trane, Daikin Industries Ltd., Vaillant Group, Stiebel Eltron, Glen Dimplex, Maritime Geothermal Ltd., Guangdong Shunde O.S.B. Environmental Technology Co. Ltd., Shijiazhuang Industrial Pump Factory Co. Ltd., Xiamen Hysen Control Technology Co. Ltd., First Industrial Development Co. Ltd., Shenzhen E-Joy Tech Co. Ltd., Teccon Services Private Limited, Suntec Energy Systems, Mitsubishi Corporation, Nidec Servo, Yanmar Energy System Co, Enopsol ApS, Go Geothermal Ltd., Argoclima SpA, GT Energy, Kensa Heat Pumps, Tecnoclima Spa, HRS Heat Exchangers Ltd., Thermostahl Srl, Thermocold, KENO Pawel Grzegorczyk, Geo Star, Geothermal Products, Water Furnace International Inc., Miami Heat Pump, Climate Master Inc., Energy Smart Alternatives LLC, Alterra Power Corporation, Pfister Energy, Geo-Air Industries Inc., Geo Smart Energy, Hilliard Corporation, Solar Turbines Incorporated, Solartec SA, Capstone Turbine Corporation, ABO Wind Energias Renovables S.A, Ruf Maschinenbau GmbH & Co. KG, Enel Green Power, SAFARIO Cooling Factory LLC, Osso Ltd., Viessmann Werke GmbH & Co. KG, Roots - Sustainable Agricultural Technologies Ltd., Stellae Energy, Yokogawa South Africa (Pty) Ltd., Generac Power Systems, Mitsubishi Heavy Industries, Cummins Inc.

Geothermal Heat Pump Market Embraces Technological Advancements For Enhanced Performance

Technological advancement is a key trend gaining popularity in the geothermal heat pump market. The key players operating in the geothermal heat pump market are focusing on developing new technologies with minimal complexities with enhanced operational and performance capabilities. For instance, in October 2021, Bosch Thermotechnik GmbH, a Germany-based manufacturer of energy-efficient heating products and hot water solutions, launched ultra-quiet heat pumps, the QV Series for commercial areas in multiple sizes and horizontal and vertical configurations. The product is based on Bosch-patented compressor encapsulation and offers comprehensive and sound performance combined with delivering a compact cabinet to fit into small spaces in commercial establishments.

Geothermal Heat Pump Market Witnesses A Surge In Investments For Expansion And Innovation

Increasing investments is the key trend gaining popularity in the geothermal heat pump market. Major players in the geothermal heat pump market are focusing on investments to use geothermal energy technologies for heating and cooling buildings. For instance, in November 2022, Dandelion Energy, a US-based company offering geothermal heating installation, raised $70 million in a new funding round. Dandelion aimed to use the capital to invest in a broader range of products capable of serving more customers and geographies. Similarly, in February 2021, Dandelion raised $30 million in Series B financing to install geothermal systems in 10,000 houses each year. The new capital enabled the company to expand its horizons in Massachusetts, Connecticut, and New York, where many residential natural gas or fuel oil heating systems were ready to be replaced with geothermal heat pumps.

Energy Machines Expands Global Presence With Acquisition Of Enopsol For Energy Systems Technologies

In January 2022, Energy Machines, a Danish company offering integrated energy systems for buildings acquired Enopsol for an undisclosed amount. With this acquisition, Energy Machines is focused on expanding its portfolio of energy systems technologies and increasing its business presence across the globe. Enopsol is a Danish company engaged in the design and installation of groundwater cooling and heating systems.

Asia-Pacific was the largest region in the geothermal heat pump market in 2023, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the geothermal heat pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the geothermal heat pump market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The geothermal heat pump market consists of sales of horizontal loop systems, vertical loop systems, well-water loop systems, pond/lake geothermal heat pump systems direct exchange, and hybrid systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The geothermal heat pump market research report is one of a series of new reports from The Business Research Company that provides geothermal heat pump market statistics, including the geothermal heat pump industry global market size, regional shares, competitors with a geothermal heat pump market share, detailed geothermal heat pump market segments, market trends, and opportunities, and any further data you may need to thrive in the geothermal heat pump industry. This geothermal heat pump market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Geothermal Heat Pump Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $4.44 billion
Revenue Forecast In 2033 $6.15 billion
Growth Rate CAGR of 8.5% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Technology: Open Loop System, Closed Loop System
2) By Application: Residential, Commercial, Industrial
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled Carrier Global Corporation; Bosch Thermotechnology; NIBE Group; Viessmann; Trane; Daikin Industries Ltd; Vaillant Group; Stiebel Eltron; Glen Dimplex; Maritime Geothermal Ltd.; Guangdong Shunde O.S.B. Environmental Technology Co. Ltd; Shijiazhuang Industrial Pump Factory Co. Ltd; Xiamen Hysen Control Technology Co. Ltd; First Industrial Development Co. Ltd; Shenzhen E-Joy Tech Co. Ltd; Teccon Services Private Limited; Suntec Energy Systems; Mitsubishi Corporation; Nidec Servo; Yanmar Energy System Co; Enopsol ApS; Go Geothermal Ltd; Argoclima SpA; GT Energy; Kensa Heat Pumps; Tecnoclima Spa; HRS Heat Exchangers Ltd; Thermostahl Srl; Thermocold; KENO Pawel Grzegorczyk; Geo Star; Geothermal Products; Water Furnace International Inc; Miami Heat Pump; Climate Master Inc; Energy Smart Alternatives LLC; Alterra Power Corporation; Pfister Energy; Geo-Air Industries Inc; Geo Smart Energy; Hilliard Corporation; Solar Turbines Incorporated; Solartec SA; Capstone Turbine Corporation; ABO Wind Energias Renovables S.A; Ruf Maschinenbau GmbH & Co. KG; Enel Green Power; SAFARIO Cooling Factory LLC; Osso Ltd; Viessmann Werke GmbH & Co. KG; Roots - Sustainable Agricultural Technologies Ltd; Stellae Energy; Yokogawa South Africa (Pty) Ltd; Generac Power Systems; Mitsubishi Heavy Industries; Cummins Inc.
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    Table Of Contents

    1. Executive Summary

    2. Geothermal Heat Pump Market Characteristics

    3. Geothermal Heat Pump Market Trends And Strategies

    4. Geothermal Heat Pump Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Geothermal Heat Pump Market Size and Growth

    5.1. Global Geothermal Heat Pump Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Geothermal Heat Pump Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Geothermal Heat Pump Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Geothermal Heat Pump Market Segmentation

    6.1. Global Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Open Loop System

    Closed Loop System

    6.2. Global Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Residential

    Commercial

    Industrial

    7. Geothermal Heat Pump Market Regional And Country Analysis

    7.1. Global Geothermal Heat Pump Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Geothermal Heat Pump Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Geothermal Heat Pump Market

    8.1. Asia-Pacific Geothermal Heat Pump Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Geothermal Heat Pump Market

    9.1. China Geothermal Heat Pump Market Overview

    9.2. China Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Geothermal Heat Pump Market

    10.1. India Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Geothermal Heat Pump Market

    11.1. Japan Geothermal Heat Pump Market Overview

    11.2. Japan Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Geothermal Heat Pump Market

    12.1. Australia Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Geothermal Heat Pump Market

    13.1. Indonesia Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Geothermal Heat Pump Market

    14.1. South Korea Geothermal Heat Pump Market Overview

    14.2. South Korea Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Geothermal Heat Pump Market

    15.1. Western Europe Geothermal Heat Pump Market Overview

    15.2. Western Europe Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Geothermal Heat Pump Market

    16.1. UK Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Geothermal Heat Pump Market

    17.1. Germany Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Geothermal Heat Pump Market

    18.1. France Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Geothermal Heat Pump Market

    19.1. Italy Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Geothermal Heat Pump Market

    20.1. Spain Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Geothermal Heat Pump Market

    21.1. Eastern Europe Geothermal Heat Pump Market Overview

    21.2. Eastern Europe Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Geothermal Heat Pump Market

    22.1. Russia Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Geothermal Heat Pump Market

    23.1. North America Geothermal Heat Pump Market Overview

    23.2. North America Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Geothermal Heat Pump Market

    24.1. USA Geothermal Heat Pump Market Overview

    24.2. USA Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Geothermal Heat Pump Market

    25.1. Canada Geothermal Heat Pump Market Overview

    25.2. Canada Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Geothermal Heat Pump Market

    26.1. South America Geothermal Heat Pump Market Overview

    26.2. South America Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Geothermal Heat Pump Market

    27.1. Brazil Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Geothermal Heat Pump Market

    28.1. Middle East Geothermal Heat Pump Market Overview

    28.2. Middle East Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Geothermal Heat Pump Market

    29.1. Africa Geothermal Heat Pump Market Overview

    29.2. Africa Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Geothermal Heat Pump Market Competitive Landscape And Company Profiles

    30.1. Geothermal Heat Pump Market Competitive Landscape

    30.2. Geothermal Heat Pump Market Company Profiles

    30.2.1. Carrier Global Corporation

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Bosch Thermotechnology

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. NIBE Group

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Viessmann

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Trane

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Geothermal Heat Pump Market Other Major And Innovative Companies

    31.1. Daikin Industries Ltd

    31.2. Vaillant Group

    31.3. Stiebel Eltron

    31.4. Glen Dimplex

    31.5. Maritime Geothermal Ltd.

    31.6. Guangdong Shunde O.S.B. Environmental Technology Co. Ltd

    31.7. Shijiazhuang Industrial Pump Factory Co. Ltd

    31.8. Xiamen Hysen Control Technology Co. Ltd

    31.9. First Industrial Development Co. Ltd

    31.10. Shenzhen E-Joy Tech Co. Ltd

    31.11. Teccon Services Private Limited

    31.12. Suntec Energy Systems

    31.13. Mitsubishi Corporation

    31.14. Nidec Servo

    31.15. Yanmar Energy System Co

    32. Global Geothermal Heat Pump Market Competitive Benchmarking

    33. Global Geothermal Heat Pump Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Geothermal Heat Pump Market

    35. Geothermal Heat Pump Market Future Outlook and Potential Analysis

    35.1 Geothermal Heat Pump Market In 2028 - Countries Offering Most New Opportunities

    35.2 Geothermal Heat Pump Market In 2028 - Segments Offering Most New Opportunities

    35.3 Geothermal Heat Pump Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Geothermal Heat Pump Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Geothermal Heat Pump Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Asia-Pacific, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: China, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: China, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: India, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: India, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: Japan, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: Japan, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: Australia, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: Australia, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Indonesia, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Indonesia, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: South Korea, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: South Korea, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Western Europe, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Western Europe, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: UK, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: UK, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Germany, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Germany, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: France, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: France, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Italy, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Italy, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Spain, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Spain, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: Eastern Europe, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: Eastern Europe, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Russia, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Russia, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: North America, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: North America, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: USA, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: USA, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Canada, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Canada, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: South America, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: South America, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Brazil, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Brazil, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Middle East, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Middle East, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Africa, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Africa, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Carrier Global Corporation Financial Performance
  • Table 52: Bosch Thermotechnology Financial Performance
  • Table 53: NIBE Group Financial Performance
  • Table 54: Viessmann Financial Performance
  • Table 55: Trane Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Geothermal Heat Pump Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Geothermal Heat Pump Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Asia-Pacific, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: China, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: China, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: India, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: India, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: Japan, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: Japan, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: Australia, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: Australia, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Indonesia, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Indonesia, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: South Korea, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: South Korea, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Western Europe, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Western Europe, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: UK, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: UK, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Germany, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Germany, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: France, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: France, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Italy, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Italy, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Spain, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Spain, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: Eastern Europe, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: Eastern Europe, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Russia, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Russia, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: North America, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: North America, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: USA, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: USA, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Canada, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Canada, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: South America, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: South America, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Brazil, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Brazil, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Middle East, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Middle East, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Africa, Geothermal Heat Pump Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Africa, Geothermal Heat Pump Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Carrier Global Corporation Financial Performance
  • Figure 52: Bosch Thermotechnology Financial Performance
  • Figure 53: NIBE Group Financial Performance
  • Figure 54: Viessmann Financial Performance
  • Figure 55: Trane Financial Performance
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