Geothermal Heat Pump Market Opportunities And Strategies To 2032

Geothermal Heat Pump Market 2023 – By Technology (Open Loop System, Closed Loop System), By Application (Residential, Commercial, Industrial), And By Region, Opportunities And Strategies – Global Forecast To 2032

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Geothermal Heat Pump Global Market Opportunities And Strategies To 2032

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Description Table Of Contents Tables & Figures Market Insights Related Reports

Geothermal Heat Pump Market Definition

A geothermal heat pump refers to a heating/cooling system that uses the natural thermal properties of the earth to dissipate or capture heat.

The geothermal heat pump market consists of sales of geothermal heat pumps by entities (organizations, partnerships, and sole proprietors) that use the earth's constant temperature to heat and cool buildings.  A Geothermal heat pump utilizes less electricity than conventional systems, which lowers utility expenses. These systems are eco-friendly as they do not use fossil fuels and can operate effectively in any climate, whether it is hot or cold as they use the earth’s constant temperature.

Geothermal Heat Pump Market Size

The geothermal heat pump market reached a value of nearly $3,735.4 million in 2022, having grown at a compound annual growth rate (CAGR) of 5.2% since 2017. The market is expected to grow from $3,735.4 million in 2022 to $5,739.4 million in 2027 at a rate of 9.0%. The market is then expected to grow at a CAGR of 7.8% from 2027 and reach $8,343.3 million in 2032.    

Growth in the historic period resulted from government initiatives to install heat pumps, increased adoption of renewable energy sources, and strong economic growth in emerging markets. Factors that negatively affected growth in the historic period was impact of COVID-19.

Going forward, increasing government initiatives to curb carbon emissions, rising fuel prices, increasing demand for heat pumps, and growing investment in construction will drive the growth. Factors that could hinder the growth of the geothermal heat pump market in the future include high installation cost.

Geothermal Heat Pump Market Drivers

The key drivers of the automotive battery thermal management system market include:

Increasing Government Initiatives To Curb Carbon Emissions

The increasing government initiatives to curb carbon emissions are expected to contribute to the growth of the geothermal heat pump market. Governments across the world are launching various initiatives to cut carbon emissions and some of the countries have made futuristic plans to target net-zero carbon emissions through the utilization of natural resources. Geothermal heat pumps reduce carbon dioxide (CO2) consumption, resulting in the reduction of carbon dioxide emissions. For example, according to the International Energy Agency, a France-based autonomous intergovernmental organization, there is a road map for the 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.  Therefore, the increasing government initiatives to curb carbon emissions are expected to propel the growth of the geothermal heat pump market.

Geothermal Heat Pump Market Restraints

The key restraints on the automotive battery thermal management system market include:

High Installation Cost

High installation cost is expected to restrain the growth of the geothermal heat pump market during the forecast period. The geothermal installation cost depends on a variety of factors, including system type, home size, installation location, and site conditions. Even geographic location plays a role in geothermal heat pump cost, while factors like tax rebates can offset some of the total price. Installation costs tend to be much higher than other heating and cooling systems.  For example, in September 2022, according to Solar Reviews, a US-based independent, unbiased, solar company and solar panel comparison website for homeowners, in the US, a new geothermal heat pump installation costs between $12,000- $45,000. Prices between $20,000 and $30,000 are most typical. Those with larger houses can expect to pay between $30,000 and $45,000.  Therefore, the high installation cost is expected to hinder the growth of the geothermal heat pump market.

Geothermal Heat Pump Market Trends

Major trends shaping the automotive battery thermal management system market include:

Focus On Facility Expansion

Major players in the geothermal heat pump market are expanding their manufacturing operations to increase their product portfolio and lead the market. For example, in July 2022, Daikin Industries Ltd., a Japanese multinational air conditioning manufacturing company invested 300 million euros ($324.3 million) to establish a new factory for heat pump units in Lodz Province, Poland. The new production base will start operations in July 2024 to meet the rapidly increasing demand for heat pumps in Europe.  Similarly, in June 2021, Vaillant, a Germany-based company that develops products for heating, cooling and hot water has extended its UK manufacturing facility after seeing record demand for heat pumps. Vaillant Industrial UK started manufacturing heat pumps alongside its UK range of high efficiency boilers from 2022.

Increasing Investments

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.

Opportunities And Recommendations In the Geothermal Heat Pump Market

Opportunities –The top opportunities in the market segmented by technology will arise in the closed loop system segment, which will gain $1,736.5 million of global annual sales by 2027. The top opportunities in the geothermal heat pump market segmented by application will arise in the residential segment, which will gain $1,264.3 million of global annual sales by 2027. The geothermal heat pump market size will gain the most in USA at $364.9 million.

Recommendations-To take advantage of the opportunities, The Business Research Company recommends the geothermal heat pump companies to focus on increasing production facilities, focus on increasing investments, adopt to the pay-as-you-go business model, expand in emerging markets, target countries with high geothermal power generation capacity, focus on partnerships and collaborations, and focus on fast growing applications.

Geothermal Heat Pump Market Segmentation

The geothermal heat pump market is segmented by technology, and by application.
By Technology –
The geothermal heat pump market is segmented by technology into
    • a) Open Loop System
    • b) Closed Loop System
The closed loop system market was the largest segment of the geothermal heat pump market segmented by technology, accounting for 85.5% of the total in 2022. Going forward, the closed loop system segment is expected to be the fastest growing segment in the geothermal heat pump market segmented by technology, at a CAGR of 9.1% during 2022-2027.
By Technology –
The geothermal heat pump market is segmented by technology into
    • a) Open Loop System
    • b) Closed Loop System
The closed loop system market was the largest segment of the geothermal heat pump market segmented by technology, accounting for 85.5% of the total in 2022. Going forward, the closed loop system segment is expected to be the fastest growing segment in the geothermal heat pump market segmented by technology, at a CAGR of 9.1% during 2022-2027.
By Application –
The geothermal heat pump market is segmented by application into
    • a) Residential
    • b) Commercial
    • c) Industrial
The residential market was the largest segment of the geothermal heat pump market segmented by application, accounting for 60.5% of the total in 2022. Going forward, the residential segment is expected to be the fastest growing segment in the geothermal heat pump market segmented by application, at a CAGR of 9.3% during 2022-2027.
By Geography - The geothermal heat pump market is segment by geography into
      o Asia Pacific
      • • China
      • • India
      • • Japan
      • • Australia
      • • Indonesia
      • • South Korea
      o North America
      • • USA
      o South America
      • • Brazil
      o Western Europe
      • • France
      • • Germany
      • • UK
      o Eastern Europe
      • • Russia
      o Middle East
      o Africa
Asia Pacific was the largest region in the geothermal heat pump market, accounting for 36.7% of the total in 2022. It was followed by North America, and then the other regions. Going forward, the fastest-growing regions in the geothermal heat pump market will be Asia Pacific and North America where growth will be at CAGRs of 11.9% and 8.0% respectively. These will be followed by Western Europe and South America where the markets are expected to grow at CAGRs of 7.8% and 6.0% respectively.

Geothermal Heat Pump Competitive Landscape

Major Competitors are:

  • Carrier Global Corporation
  • Bosch Thermotechnology
  • NIBE Group
  • Viessmann
  • Trane

    • Other Competitors Include:

  • 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

      • Table Of Contents

      1. Executive Summary

      2. Table Of Contents

      3. List Of Figures

      4. List Of Tables

      5. Report Structure

      6. Introduction and Market Characteristics

      6.1. General Market Definition

      6.2. Summary

      6.3. Geothermal Heat Pump Market Definition And Segmentations

      6.4. Market Segmentation By Technology

      6.4.1. Open Loop System

      6.4.2. Closed Loop System

      6.5. Market Segmentation By Application

      6.5.1. Residential

      6.5.2. Commercial

      6.5.3. Industrial

      7. Major Market Trends

      7.1. Focus On Facility Expansion

      7.2. Increasing Investments

      7.3. Partnerships And Collaborations

      7.4. Pay-As-You-Go Business Model

      8. Impact Of COVID-19

      8.1. Introduction

      8.2. Impact On The Supply of Geothermal Heat Pumps

      8.3. Impact On Demand for Geothermal Heat Pumps

      8.4. Future Outlook

      9. Global Market Size and Growth

      9.1. Market Size

      9.2. Historic Market Growth, 2017 – 2022, Value ($ Million)

      9.2.1. Market Drivers 2017 – 2022

      9.2.2. Market Restraints 2017 – 2022

      9.3. Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      9.3.1. Market Drivers 2022 – 2027

      9.3.2. Market Restraints 2022 – 2027

      10. Global Geothermal Heat Pump Market Segmentation

      10.1. Global Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      10.2. Global Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      11. Geothermal Heat Pump Market, Regional and Country Analysis

      11.1. Global Geothermal Heat Pump Market, By Region, Historic and Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      11.2. Global Geothermal Heat Pump Market, By Country, Historic and Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12. Asia-Pacific Market

      12.1. Market Overview

      12.1.1. Region Information

      12.1.2. Market Information

      12.1.3. Background Information

      12.1.4. Government Initiatives

      12.1.5. Regulations

      12.1.6. Regulatory Bodies

      12.1.7. Major Associations

      12.1.8. Taxes Levied

      12.1.9. Corporate Tax Structure

      12.1.10. Investments

      12.1.11. Major Companies

      12.2. Asia-Pacific Geothermal Heat Pump Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      12.3. Asia-Pacific Geothermal Heat Pump Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      12.4. Asia-Pacific Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.5. Asia-Pacific Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.6. Asia-Pacific Geothermal Heat Pump Market: Country Analysis

      12.7. China Market

      12.8. Market Overview

      12.8.1. Region Information

      12.8.2. Market Information

      12.8.3. Background Information

      12.8.4. Government Initiatives

      12.8.5. Regulations

      12.8.6. Regulatory Bodies

      12.8.7. Major Associations

      12.8.8. Taxes Levied

      12.8.9. Corporate Tax Structure

      12.8.10. Investments

      12.8.11. Major Companies

      12.9. China Geothermal Heat Pump Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      12.10. China Geothermal Heat Pump Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      12.11. China Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.12. China Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.13. India Market

      12.14. India Geothermal Heat Pump Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      12.15. India Geothermal Heat Pump Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      12.16. India Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.17. India Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.18. Japan Market

      12.19. Japan Geothermal Heat Pump Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      12.20. Japan Geothermal Heat Pump Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      12.21. Japan Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.22. Japan Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.23. Australia Market

      12.24. Australia Geothermal Heat Pump Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      12.25. Australia Geothermal Heat Pump Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      12.26. Australia Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.27. Australia Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.28. Indonesia Market

      12.29. Indonesia Geothermal Heat Pump Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      12.30. Indonesia Geothermal Heat Pump Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      12.31. Indonesia Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.32. Indonesia Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.33. South Korea Market

      12.34. South Korea Geothermal Heat Pump Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      12.35. South Korea Geothermal Heat Pump Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      12.36. South Korea Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.37. South Korea Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13. Western Europe Market

      13.1. Market Overview

      13.1.1. Region Information

      13.1.2. Market Information

      13.1.3. Background Information

      13.1.4. Government Initiatives

      13.1.5. Regulations

      13.1.6. Regulatory Bodies

      13.1.7. Major Associations

      13.1.8. Taxes Levied

      13.1.9. Corporate Tax Structure

      13.1.10. Investments

      13.1.11. Major Companies

      13.2. Western Europe Geothermal Heat Pump Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      13.3. Western Europe Geothermal Heat Pump Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      13.4. Western Europe Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13.5. Western Europe Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13.6. Western Europe Geothermal Heat Pump Market: Country Analysis

      13.7. UK Market

      13.8. UK Geothermal Heat Pump Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      13.9. UK Geothermal Heat Pump Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      13.10. UK Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13.11. UK Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13.12. Germany Market

      13.13. Germany Geothermal Heat Pump Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      13.14. Germany Geothermal Heat Pump Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      13.15. Germany Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13.16. Germany Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13.17. France Market

      13.18. France Geothermal Heat Pump Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      13.19. France Geothermal Heat Pump Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      13.20. France Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13.21. France Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      14. Eastern Europe Market

      14.1. Market Overview

      14.1.1. Region Information

      14.1.2. Market Information

      14.1.3. Background Information

      14.1.4. Government Initiatives

      14.1.5. Regulations

      14.1.6. Regulatory Bodies

      14.1.7. Major Associations

      14.1.8. Taxes Levied

      14.1.9. Corporate Tax Structure

      14.1.10. Investments

      14.1.11. Major Companies

      14.2. Eastern Europe Geothermal Heat Pump Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      14.3. Eastern Europe Geothermal Heat Pump Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      14.4. Eastern Europe Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      14.5. Eastern Europe Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      14.6. Eastern Europe Geothermal Heat Pump Market: Country Analysis

      14.7. Russia Market

      14.8. Russia Geothermal Heat Pump Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      14.9. Russia Geothermal Heat Pump Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      14.10. Russia Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      14.11. Russia Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      15. North America Market

      15.1. Market Overview

      15.1.1. Region Information

      15.1.2. Market Information

      15.1.3. Background Information

      15.1.4. Government Initiatives

      15.1.5. Regulations

      15.1.6. Regulatory Bodies

      15.1.7. Major Associations

      15.1.8. Taxes Levied

      15.1.9. Corporate Tax Structure

      15.1.10. Investments

      15.1.11. Major Companies

      15.2. North America Geothermal Heat Pump Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      15.3. North America Geothermal Heat Pump Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      15.4. North America Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      15.5. North America Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      15.6. North America Geothermal Heat Pump Market: Country Analysis

      15.7. USA Market

      15.8. Market Overview

      15.8.1. Country Information

      15.8.2. Market Information

      15.8.3. Background Information

      15.8.4. Government Initiatives

      15.8.5. Regulations

      15.8.6. Regulatory Bodies

      15.8.7. Major Associations

      15.8.8. Taxes Levied

      15.8.9. Corporate Tax Structure

      15.8.10. Investments

      15.8.11. Major Companies

      15.9. USA Geothermal Heat Pump Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      15.10. USA Geothermal Heat Pump Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      15.11. USA Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      15.12. USA Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      15.13. Canada Market

      15.14. Market Overview

      15.14.1. Market Information

      15.14.2. Background Information

      15.14.3. Government Initiatives

      15.14.4. Regulations

      15.14.5. Regulatory Bodies

      15.14.6. Major Associations

      15.14.7. Taxes Levied

      15.14.8. Corporate Tax Structure

      15.14.9. Investments

      15.14.10. Major Companies

      15.15. Canada Geothermal Heat Pump Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      15.16. Canada Geothermal Heat Pump Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      15.17. Canada Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      15.18. Canada Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      16. South America Market

      16.1. Market Overview

      16.1.1. Region Information

      16.1.2. Market Information

      16.1.3. Background Information

      16.1.4. Government Initiatives

      16.1.5. Regulations

      16.1.6. Regulatory Bodies

      16.1.7. Major Associations

      16.1.8. Taxes Levied

      16.1.9. Corporate Tax Structure

      16.1.10. Investments

      16.1.11. Major Companies

      16.2. South America Geothermal Heat Pump Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      16.3. South America Geothermal Heat Pump Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      16.4. South America Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      16.5. South America Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      16.6. South America Geothermal Heat Pump Market: Country Analysis

      16.7. Brazil Market

      16.8. Brazil Geothermal Heat Pump Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      16.9. Brazil Geothermal Heat Pump Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      16.10. Brazil Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      16.11. Brazil Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      17. Middle East Market

      17.1. Market Overview

      17.1.1. Region Information

      17.1.2. Market Information

      17.1.3. Background Information

      17.1.4. Government Initiatives

      17.1.5. Regulations

      17.1.6. Regulatory Bodies

      17.1.7. Major Associations

      17.1.8. Taxes Levied

      17.1.9. Corporate Tax Structure

      17.1.10. Investments

      17.1.11. Major Companies

      17.2. Middle East Geothermal Heat Pump Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      17.3. Middle East Geothermal Heat Pump Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      17.4. Middle East Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      17.5. Middle East Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      18. Africa Market

      18.1. Market Overview

      18.1.1. Region Information

      18.1.2. Market Information

      18.1.3. Background Information

      18.1.4. Government Initiatives

      18.1.5. Regulations

      18.1.6. Regulatory Bodies

      18.1.7. Major Associations

      18.1.8. Taxes Levied

      18.1.9. Corporate Tax Structure

      18.1.10. Investments

      18.1.11. Major Companies

      18.2. Africa Geothermal Heat Pump Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      18.3. Africa Geothermal Heat Pump Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      18.4. Africa Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      18.5. Africa Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      19. Competitive Landscape And Company Profiles

      19.1. Company Profiles

      19.2. Carrier Global Corporation

      19.2.1. Company Overview

      19.2.2. Products And Services

      19.2.3. Business Strategy

      19.2.4. Financial Overview

      19.3. Bosch Thermotechnology

      19.3.1. Company Overview

      19.3.2. Products And Services

      19.3.3. Business Strategy

      19.3.4. Financial Overview

      19.4. NIBE Group

      19.4.1. Company Overview

      19.4.2. Products And Services

      19.4.3. Business Strategy

      19.4.4. Financial Overview

      19.5. Viessmann

      19.5.1. Company Overview

      19.5.2. Products And Services

      19.5.3. Business Strategy

      19.5.4. Financial Overview

      19.6. Trane

      19.6.1. Company Overview

      19.6.2. Products And Services

      19.6.3. Financial Overview

      20. Key Mergers and Acquisitions

      20.1. Endurant Acquired GEOptimize

      20.2. Solör Bioenergi Acquired Sustainable Energy Solutions

      20.3. NIBE Industrier Acquired A 50% Stake In Argoclima

      20.4. Octopus Energy Acquired Renewable Energy Devices

      20.5. Energy Machines Acquired Enopsol

      20.6. NIBE Industrier Acquired A 50% Stake In Go Geothermal

      20.7. Legal & General Group Acquired A Minority Stake In Kensa Group Ltd.

      21. Opportunities And Strategies

      21.1. Global Geothermal Heat Pump Market In 2027 – Countries Offering Most New Opportunities

      21.2. Global Geothermal Heat Pump Market In 2027 – Segments Offering Most New Opportunities

      21.3. Global Geothermal Heat Pump Market In 2027 – Growth Strategies

      21.3.1. Market Trend Based Strategies

      21.3.2. Competitor Strategies

      22. Geothermal Heat Pump Market, Conclusions And Recommendations

      22.1. Conclusions

      22.2. Recommendations

      22.2.1. Product

      22.2.2. Place

      22.2.3. Price

      22.2.4. Promotion

      22.2.5. People

      23. Appendix

      23.1. Market Data Sources

      23.2. Research Methodology

      23.3. Currencies

      23.4. The Business Research Company

      23.5. Copyright and Disclaimer

    List Of Tables

      Table 1: Global Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Table 2: Global Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 3: Global Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 4: Global Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 5: Global Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 6: Global Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 7: Global Geothermal Heat Pump Market, By Region, Historic and Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 8: Global Geothermal Heat Pump Market, By Region, Historic and Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 9: Global Geothermal Heat Pump Market, By Country, Historic and Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 10: Global Geothermal Heat Pump Market, By Country, Historic and Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 11: Asia-Pacific ]GDP Per Capita, By Country, 2017-2022, $
    • Table 12: Asia-Pacific Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Table 13: Asia-Pacific Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 14: Asia-Pacific Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 15: Asia-Pacific Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 16: Asia-Pacific Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 17: Asia-Pacific Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 18: China GDP Per Capita, 2017-2022, $
    • Table 19: China Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Table 20: China Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 21: China Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 22: China Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 23: China Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 24: China Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 25: India Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Table 26: India Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 27: India Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 28: India Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 29: India Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 30: India Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 31: Japan Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Table 32: Japan Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 33: Japan Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 34: Japan Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 35: Japan Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 36: Japan Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 37: Australia Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Table 38: Australia Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 39: Australia Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 40: Australia Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 41: Australia Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 42: Australia Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 43: Indonesia Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Table 44: Indonesia Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 45: Indonesia Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 46: Indonesia Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 47: Indonesia Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 48: Indonesia Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 49: South Korea Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Table 50: South Korea Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 51: South Korea Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 52: South Korea Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 53: South Korea Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 54: South Korea Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 55: Western Europe GDP Per Capita, By Country, 2017-2022, $
    • Table 56: Western Europe Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Table 57: Western Europe Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 58: Western Europe Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 59: Western Europe Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 60: Western Europe Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 61: Western Europe Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 62: UK Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Table 63: UK Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 64: UK Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 65: UK Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 66: UK Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 67: UK Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 68: Germany Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Table 69: Germany Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 70: Germany Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 71: Germany Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 72: Germany Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 73: Germany Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 74: France Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Table 75: France Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 76: France Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 77: France Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 78: France Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 79: France Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 80: Eastern Europe GDP Per Capita, By Country, 2017-2022, $
    • Table 81: Eastern Europe Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Table 82: Eastern Europe Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 83: Eastern Europe Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 84: Eastern Europe Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 85: Eastern Europe Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 86: Eastern Europe Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 87: Russia Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Table 88: Russia Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 89: Russia Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 90: Russia Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 91: Russia Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 92: Russia Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 93: North America GDP Per Capita, By Country, 2017-2022, $
    • Table 94: North America Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Table 95: North America Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 96: North America Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 97: North America Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 98: North America Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 99: North America Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 100: USA GDP Per Capita, 2017-2022, $
    • Table 101: USA Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Table 102: USA Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 103: USA Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 104: USA Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 105: USA Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 106: USA Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 107: Canada GDP Per Capita, By Country, 2017-2022, $
    • Table 108: Canada Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Table 109: Canada Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 110: Canada Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 111: Canada Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 112: Canada Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 113: Canada Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 114: South America GDP Per Capita, By Country, 2017-2022, $
    • Table 115: South America Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Table 116: South America Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 117: South America Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 118: South America Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 119: South America Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 120: South America Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 121: Brazil Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Table 122: Brazil Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 123: Brazil Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 124: Brazil Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 125: Brazil Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 126: Brazil Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 127: Middle East GDP Per Capita, By Country, 2017-2022, $
    • Table 128: Middle East Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Table 129: Middle East Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 130: Middle East Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 131: Middle East Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 132: Middle East Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 133: Middle East Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 134: Africa GDP Per Capita, By Country, 2017-2022, $
    • Table 135: Africa Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Table 136: Africa Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 137: Africa Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 138: Africa Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 139: Africa Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 140: Africa Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 141: Global Geothermal Heat Pump Market, Key Competitor Estimated Market Shares, 2021, Percentage (%)
    • Table 142: Carrier Global Corporation – Financial Performance, 2017– 2021, $ Billion
    • Table 143: Global Geothermal Heat Pump Market Size Gain ($ Million), 2022 – 2027, By Country
    • Table 144: Global Geothermal Heat Pump Market Size Gain ($ Million), Segmentation By Technology, 2022 – 2027
    • Table 145: Global Geothermal Heat Pump Market Size Gain ($ Million), Segmentation By Application, 2022 – 2027
    • Table 146: Geothermal Heat Pump - Market Data Sources

    List Of Figures

      Figure 1: Geographic Regions Covered
    • Figure 2: Global Geothermal Heat Pump Market Segmentation By Technology
    • Figure 3: Global Geothermal Heat Pump Market Segmentation By Application
    • Figure 4: Global Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Figure 5: Global Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 6: Global Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 7: Global Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 8: Global Geothermal Heat Pump Market, By Region, Historic and Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 9: Global Geothermal Heat Pump Market, By Country, Historic and Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 10: Asia-Pacific Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Figure 11: Asia-Pacific Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 12: Asia-Pacific Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 13: Asia-Pacific Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 14: China Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Figure 15: China Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 16: China Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 17: China Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 18: India Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Figure 19: India Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 20: India Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 21: India Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 22: Japan Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Figure 23: Japan Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 24: Japan Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 25: Japan Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 26: Australia Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Figure 27: Australia Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 28: Australia Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 29: Australia Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 30: Indonesia Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Figure 31: Indonesia Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 32: Indonesia Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 33: Indonesia Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 34: South Korea Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Figure 35: South Korea Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 36: South Korea Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 37: South Korea Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 38: Western Europe Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Figure 39: Western Europe Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 40: Western Europe Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 41: Western Europe Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 42: UK Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Figure 43: UK Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 44: UK Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 45: UK Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 46: Germany Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Figure 47: Germany Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 48: Germany Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 49: Germany Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 50: France Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Figure 51: France Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 52: France Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 53: France Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 54: Eastern Europe Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Figure 55: Eastern Europe Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 56: Eastern Europe Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 57: Eastern Europe Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 58: Russia Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Figure 59: Russia Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 60: Russia Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 61: Russia Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 62: North America Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Figure 63: North America Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 64: North America Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 65: North America Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 66: USA Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Figure 67: USA Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 68: USA Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 69: USA Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 70: Canada Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Figure 71: Canada Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 72: Canada Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 73: Canada Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 74: South America Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Figure 75: South America Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 76: South America Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 77: South America Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 78: Brazil Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Figure 79: Brazil Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 80: Brazil Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 81: Brazil Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 82: Middle East Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Figure 83: Middle East Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 84: Middle East Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 85: Middle East Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 86: Africa Geothermal Heat Pump Market, Historic, 2017 – 2022, $ Million
    • Figure 87: Africa Geothermal Heat Pump Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 88: Africa Geothermal Heat Pump Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 89: Africa Geothermal Heat Pump Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 90: Global Geothermal Heat Pump Market, Key Competitor Estimated Market Shares, 2021, Percentage (%)
    • Figure 91: Carrier Global Corporation – Financial Performance, 2017– 2021, $ Billion
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    Green Hydrogen Market 2022 – By Technology (Alkaline Electrolyzer, Proton Exchange Membrane Electrolyzer, Solid Oxide Electrolyzer), By Application (Power Generation, Transport), By End User Industry (Petrochemicals, Food And Beverages, Medical, Chemical, Glass), And By Region, Opportunities And Strategies – Global Forecast To 2031
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    Power Generation Market 2022 – By Type (Hydroelectricity, Fossil Fuel Electricity, Nuclear Electricity, Solar Electricity, Wind Electricity, Geothermal Electricity, Biomass Electricity, Other Electricity), By End-User (Industrial, Commercial, Residential, Transportation), By Source Of Energy (Conventional/Non-Renewable Source, Renewable Source), By Type Of Grid (Off Grid, On Grid), And By Region, Opportunities And Strategies – Global Forecast To 2031
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    Water Heaters Market 2022 – By Product Type (Solar Heaters, Electric Heaters, Gas And Propane Heaters, Geothermal Heaters), By End-User (Residential, Commercial, Industrial), By Distribution Channel (Supermarket/Hypermarket, Specialty Stores, E-Commerce), And By Region, Opportunities And Strategies – Global Forecast To 2031
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    Renewable Energy Global Market Report 2024 – By Type (Solar Energy, Wind Energy, Bio Energy, Hydro Energy, Geothermal Energy), By Capacity (0-1,000 Kwh, 1,100-5,000 Kwh, More Than 5,000 Kwh), By End User (Residential, Commercial, Industrial, Utility, Others) – Market Size, Trends, And Global Forecast 2024-2033
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    Peristaltic Pumps Market 2023 – By Type (Peristaltic Tube Pumps, Peristaltic Hose Pumps), By Product Type (Fixed Speed Pumps, Variable Speed Pumps), By Discharge Capacity (Up To 30 Psi, 30-50 Psi, 50-100 Psi, 100-200 Psi, Above 200 Psi), By End-User (Pharmaceutical And Medical Water, Wastewater Treatment, Food And Beverage, Chemical Processing, Mining, Pulp And Paper, Other End Users), And By Region, Opportunities And Strategies – Global Forecast To 2032
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    Ambulatory IV Infusion Pumps Market 2022 - By Therapy (Infusion Pumps, Anti-Infective Infusion Pump), By Patient Care Settings (Hospitals, Home Healthcare), By Application (Chemotherapy/Oncology, Diabetes, Gastroenterology, Analgesia/Pain Management, Pediatrics/Neonatology, Hematology, Anti-Infective), And By Region, Opportunities And Strategies – Global Forecast To 2030
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