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Global Geothermal Heat Pump Market Research Report 2024
Synopsis
A geothermal heat pump or ground source heat pump (GSHP) is a central heating and/or cooling system that transfers heat to or from the ground. It uses the earth all the time, without any intermittency, as a heat source (in the winter) or a heat sink (in the summer).
The global Geothermal Heat Pump market was valued at US$ 3889.2 million in 2023 and is anticipated to reach US$ 6850.3 million by 2030, witnessing a CAGR of 8.2% during the forecast period 2024-2030.
Global 5 largest manufacturers of Geothermal Heat Pump are Bosch Thermotechnology, Carrier, BDR Thermea, Vaillant and Nibe Industrier, which make up over 45%. Among them, Bosch Thermotechnology is the leader with about 10% market share.
Europe is the largest market, with a share over 35%, followed by North America and China, with the share about 30% and 12%. In terms of product type, Vertical Closed Loop occupies the largest share of the total market, more than 45%. In terms of product application, Commercial Buildings occupy the largest share of the total market, about 60%.
This report aims to provide a comprehensive presentation of the global market for Geothermal Heat Pump, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Geothermal Heat Pump.
Report Scope
The Geothermal Heat Pump market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Geothermal Heat Pump market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Geothermal Heat Pump manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Bosch Thermotechnology
Carrier
Vaillant
BDR Thermea
Modine
Nibe Industrier
Mitsubishi Electric
Viessmann
Trane
Stiebel Eltron
Danfoss Group
Weishaupt
Swegon
Wolf
OCHSNER Warmepumpen
Segment by Type
Vertical Closed Loop
Horizontal Closed Loop
Open Loop
Others
Segment by Application
Residential Buildings
Commercial Buildings
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Geothermal Heat Pump manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Geothermal Heat Pump by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Geothermal Heat Pump in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
A geothermal heat pump or ground source heat pump (GSHP) is a central heating and/or cooling system that transfers heat to or from the ground. It uses the earth all the time, without any intermittency, as a heat source (in the winter) or a heat sink (in the summer).
The global Geothermal Heat Pump market was valued at US$ 3889.2 million in 2023 and is anticipated to reach US$ 6850.3 million by 2030, witnessing a CAGR of 8.2% during the forecast period 2024-2030.
Global 5 largest manufacturers of Geothermal Heat Pump are Bosch Thermotechnology, Carrier, BDR Thermea, Vaillant and Nibe Industrier, which make up over 45%. Among them, Bosch Thermotechnology is the leader with about 10% market share.
Europe is the largest market, with a share over 35%, followed by North America and China, with the share about 30% and 12%. In terms of product type, Vertical Closed Loop occupies the largest share of the total market, more than 45%. In terms of product application, Commercial Buildings occupy the largest share of the total market, about 60%.
This report aims to provide a comprehensive presentation of the global market for Geothermal Heat Pump, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Geothermal Heat Pump.
Report Scope
The Geothermal Heat Pump market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Geothermal Heat Pump market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Geothermal Heat Pump manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Bosch Thermotechnology
Carrier
Vaillant
BDR Thermea
Modine
Nibe Industrier
Mitsubishi Electric
Viessmann
Trane
Stiebel Eltron
Danfoss Group
Weishaupt
Swegon
Wolf
OCHSNER Warmepumpen
Segment by Type
Vertical Closed Loop
Horizontal Closed Loop
Open Loop
Others
Segment by Application
Residential Buildings
Commercial Buildings
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Geothermal Heat Pump manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Geothermal Heat Pump by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Geothermal Heat Pump in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Geothermal Heat Pump Market Overview
1.1 Product Definition
1.2 Geothermal Heat Pump Segment by Type
1.2.1 Global Geothermal Heat Pump Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Vertical Closed Loop
1.2.3 Horizontal Closed Loop
1.2.4 Open Loop
1.2.5 Others
1.3 Geothermal Heat Pump Segment by Application
1.3.1 Global Geothermal Heat Pump Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Residential Buildings
1.3.3 Commercial Buildings
1.4 Global Market Growth Prospects
1.4.1 Global Geothermal Heat Pump Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Geothermal Heat Pump Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Geothermal Heat Pump Production Estimates and Forecasts (2019-2030)
1.4.4 Global Geothermal Heat Pump Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Geothermal Heat Pump Production Market Share by Manufacturers (2019-2024)
2.2 Global Geothermal Heat Pump Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Geothermal Heat Pump, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Geothermal Heat Pump Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Geothermal Heat Pump Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Geothermal Heat Pump, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Geothermal Heat Pump, Product Offered and Application
2.8 Global Key Manufacturers of Geothermal Heat Pump, Date of Enter into This Industry
2.9 Geothermal Heat Pump Market Competitive Situation and Trends
2.9.1 Geothermal Heat Pump Market Concentration Rate
2.9.2 Global 5 and 10 Largest Geothermal Heat Pump Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Geothermal Heat Pump Production by Region
3.1 Global Geothermal Heat Pump Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Geothermal Heat Pump Production Value by Region (2019-2030)
3.2.1 Global Geothermal Heat Pump Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Geothermal Heat Pump by Region (2025-2030)
3.3 Global Geothermal Heat Pump Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Geothermal Heat Pump Production by Region (2019-2030)
3.4.1 Global Geothermal Heat Pump Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Geothermal Heat Pump by Region (2025-2030)
3.5 Global Geothermal Heat Pump Market Price Analysis by Region (2019-2024)
3.6 Global Geothermal Heat Pump Production and Value, Year-over-Year Growth
3.6.1 North America Geothermal Heat Pump Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Geothermal Heat Pump Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Geothermal Heat Pump Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Geothermal Heat Pump Production Value Estimates and Forecasts (2019-2030)
4 Geothermal Heat Pump Consumption by Region
4.1 Global Geothermal Heat Pump Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Geothermal Heat Pump Consumption by Region (2019-2030)
4.2.1 Global Geothermal Heat Pump Consumption by Region (2019-2024)
4.2.2 Global Geothermal Heat Pump Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Geothermal Heat Pump Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Geothermal Heat Pump Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Geothermal Heat Pump Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Geothermal Heat Pump Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Geothermal Heat Pump Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Geothermal Heat Pump Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Geothermal Heat Pump Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Geothermal Heat Pump Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Geothermal Heat Pump Production by Type (2019-2030)
5.1.1 Global Geothermal Heat Pump Production by Type (2019-2024)
5.1.2 Global Geothermal Heat Pump Production by Type (2025-2030)
5.1.3 Global Geothermal Heat Pump Production Market Share by Type (2019-2030)
5.2 Global Geothermal Heat Pump Production Value by Type (2019-2030)
5.2.1 Global Geothermal Heat Pump Production Value by Type (2019-2024)
5.2.2 Global Geothermal Heat Pump Production Value by Type (2025-2030)
5.2.3 Global Geothermal Heat Pump Production Value Market Share by Type (2019-2030)
5.3 Global Geothermal Heat Pump Price by Type (2019-2030)
6 Segment by Application
6.1 Global Geothermal Heat Pump Production by Application (2019-2030)
6.1.1 Global Geothermal Heat Pump Production by Application (2019-2024)
6.1.2 Global Geothermal Heat Pump Production by Application (2025-2030)
6.1.3 Global Geothermal Heat Pump Production Market Share by Application (2019-2030)
6.2 Global Geothermal Heat Pump Production Value by Application (2019-2030)
6.2.1 Global Geothermal Heat Pump Production Value by Application (2019-2024)
6.2.2 Global Geothermal Heat Pump Production Value by Application (2025-2030)
6.2.3 Global Geothermal Heat Pump Production Value Market Share by Application (2019-2030)
6.3 Global Geothermal Heat Pump Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Bosch Thermotechnology
7.1.1 Bosch Thermotechnology Geothermal Heat Pump Corporation Information
7.1.2 Bosch Thermotechnology Geothermal Heat Pump Product Portfolio
7.1.3 Bosch Thermotechnology Geothermal Heat Pump Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Bosch Thermotechnology Main Business and Markets Served
7.1.5 Bosch Thermotechnology Recent Developments/Updates
7.2 Carrier
7.2.1 Carrier Geothermal Heat Pump Corporation Information
7.2.2 Carrier Geothermal Heat Pump Product Portfolio
7.2.3 Carrier Geothermal Heat Pump Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Carrier Main Business and Markets Served
7.2.5 Carrier Recent Developments/Updates
7.3 Vaillant
7.3.1 Vaillant Geothermal Heat Pump Corporation Information
7.3.2 Vaillant Geothermal Heat Pump Product Portfolio
7.3.3 Vaillant Geothermal Heat Pump Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Vaillant Main Business and Markets Served
7.3.5 Vaillant Recent Developments/Updates
7.4 BDR Thermea
7.4.1 BDR Thermea Geothermal Heat Pump Corporation Information
7.4.2 BDR Thermea Geothermal Heat Pump Product Portfolio
7.4.3 BDR Thermea Geothermal Heat Pump Production, Value, Price and Gross Margin (2019-2024)
7.4.4 BDR Thermea Main Business and Markets Served
7.4.5 BDR Thermea Recent Developments/Updates
7.5 Modine
7.5.1 Modine Geothermal Heat Pump Corporation Information
7.5.2 Modine Geothermal Heat Pump Product Portfolio
7.5.3 Modine Geothermal Heat Pump Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Modine Main Business and Markets Served
7.5.5 Modine Recent Developments/Updates
7.6 Nibe Industrier
7.6.1 Nibe Industrier Geothermal Heat Pump Corporation Information
7.6.2 Nibe Industrier Geothermal Heat Pump Product Portfolio
7.6.3 Nibe Industrier Geothermal Heat Pump Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Nibe Industrier Main Business and Markets Served
7.6.5 Nibe Industrier Recent Developments/Updates
7.7 Mitsubishi Electric
7.7.1 Mitsubishi Electric Geothermal Heat Pump Corporation Information
7.7.2 Mitsubishi Electric Geothermal Heat Pump Product Portfolio
7.7.3 Mitsubishi Electric Geothermal Heat Pump Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Mitsubishi Electric Main Business and Markets Served
7.7.5 Mitsubishi Electric Recent Developments/Updates
7.8 Viessmann
7.8.1 Viessmann Geothermal Heat Pump Corporation Information
7.8.2 Viessmann Geothermal Heat Pump Product Portfolio
7.8.3 Viessmann Geothermal Heat Pump Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Viessmann Main Business and Markets Served
7.7.5 Viessmann Recent Developments/Updates
7.9 Trane
7.9.1 Trane Geothermal Heat Pump Corporation Information
7.9.2 Trane Geothermal Heat Pump Product Portfolio
7.9.3 Trane Geothermal Heat Pump Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Trane Main Business and Markets Served
7.9.5 Trane Recent Developments/Updates
7.10 Stiebel Eltron
7.10.1 Stiebel Eltron Geothermal Heat Pump Corporation Information
7.10.2 Stiebel Eltron Geothermal Heat Pump Product Portfolio
7.10.3 Stiebel Eltron Geothermal Heat Pump Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Stiebel Eltron Main Business and Markets Served
7.10.5 Stiebel Eltron Recent Developments/Updates
7.11 Danfoss Group
7.11.1 Danfoss Group Geothermal Heat Pump Corporation Information
7.11.2 Danfoss Group Geothermal Heat Pump Product Portfolio
7.11.3 Danfoss Group Geothermal Heat Pump Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Danfoss Group Main Business and Markets Served
7.11.5 Danfoss Group Recent Developments/Updates
7.12 Weishaupt
7.12.1 Weishaupt Geothermal Heat Pump Corporation Information
7.12.2 Weishaupt Geothermal Heat Pump Product Portfolio
7.12.3 Weishaupt Geothermal Heat Pump Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Weishaupt Main Business and Markets Served
7.12.5 Weishaupt Recent Developments/Updates
7.13 Swegon
7.13.1 Swegon Geothermal Heat Pump Corporation Information
7.13.2 Swegon Geothermal Heat Pump Product Portfolio
7.13.3 Swegon Geothermal Heat Pump Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Swegon Main Business and Markets Served
7.13.5 Swegon Recent Developments/Updates
7.14 Wolf
7.14.1 Wolf Geothermal Heat Pump Corporation Information
7.14.2 Wolf Geothermal Heat Pump Product Portfolio
7.14.3 Wolf Geothermal Heat Pump Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Wolf Main Business and Markets Served
7.14.5 Wolf Recent Developments/Updates
7.15 OCHSNER Warmepumpen
7.15.1 OCHSNER Warmepumpen Geothermal Heat Pump Corporation Information
7.15.2 OCHSNER Warmepumpen Geothermal Heat Pump Product Portfolio
7.15.3 OCHSNER Warmepumpen Geothermal Heat Pump Production, Value, Price and Gross Margin (2019-2024)
7.15.4 OCHSNER Warmepumpen Main Business and Markets Served
7.15.5 OCHSNER Warmepumpen Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Geothermal Heat Pump Industry Chain Analysis
8.2 Geothermal Heat Pump Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Geothermal Heat Pump Production Mode & Process
8.4 Geothermal Heat Pump Sales and Marketing
8.4.1 Geothermal Heat Pump Sales Channels
8.4.2 Geothermal Heat Pump Distributors
8.5 Geothermal Heat Pump Customers
9 Geothermal Heat Pump Market Dynamics
9.1 Geothermal Heat Pump Industry Trends
9.2 Geothermal Heat Pump Market Drivers
9.3 Geothermal Heat Pump Market Challenges
9.4 Geothermal Heat Pump Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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