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Geothermal Heat Pump Market 2024-2028

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    Report

  • 168 Pages
  • May 2024
  • Region: Global
  • TechNavio
  • ID: 5011359
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The geothermal heat pump market is forecasted to grow by USD 5.65 billion during 2023-2028, accelerating at a CAGR of 8.46% during the forecast period. The report on the geothermal heat pump market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by operational benefits of geothermal heat pumps over conventional systems, rising global energy consumption coupled with recovery in housing sector, and increasing demand for renewable energy sources.

The geothermal heat pump market is segmented as below:

By End-user

  • Residential
  • Non-residential

By Type

  • Closed loop system
  • Open loop system

By Geography

  • Europe
  • North America
  • APAC
  • South America
  • Middle East and Africa
This study identifies the emergence of BEMS as one of the prime reasons driving the geothermal heat pump market growth during the next few years. Also, desuperheaters for heat recovery and launch of new products will lead to sizable demand in the market.

The report on the geothermal heat pump market covers the following areas:

  • Geothermal heat pump market sizing
  • Geothermal heat pump market forecast
  • Geothermal heat pump market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading geothermal heat pump market vendors that include Bard HVAC, Carrier Global Corp., Daikin Industries Ltd., Dandelion, Danfoss AS, Energy Smart Alternatives., GeoSmart Energy, Glen Dimplex Group., Griffiths Air Conditioning and Electrical Contractors, Johnson Controls International Plc., Kensa Group, Mitsubishi Corp., NIBE Industrier AB, REMKO GmbH and Co. KG, Robert Bosch GmbH, Sirac Air Conditioning Equipments Co. Ltd., Stiebel Eltron GmbH and Co. KG, Trane Technologies Plc, Vaillant GmbH, and Viessmann Climate Solutions SE. Also, the geothermal heat pump market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market by Geography
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Geothermal Heat Pump Market 2018 - 2022
Historic Market Size - Data Table on Global Geothermal Heat Pump Market 2018 - 2022 ($ million)
4.2 End-user segment analysis 2018 - 2022
Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.3 Type segment analysis 2018 - 2022
Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by End-user
6.1 Market segments
Chart on End-user - Market share 2023-2028 (%)
Data Table on End-user - Market share 2023-2028 (%)
6.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
6.3 Residential - Market size and forecast 2023-2028
Chart on Residential - Market size and forecast 2023-2028 ($ million)
Data Table on Residential - Market size and forecast 2023-2028 ($ million)
Chart on Residential - Year-over-year growth 2023-2028 (%)
Data Table on Residential - Year-over-year growth 2023-2028 (%)
6.4 Non-residential - Market size and forecast 2023-2028
Chart on Non-residential - Market size and forecast 2023-2028 ($ million)
Data Table on Non-residential - Market size and forecast 2023-2028 ($ million)
Chart on Non-residential - Year-over-year growth 2023-2028 (%)
Data Table on Non-residential - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by End-user
Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)
7 Market Segmentation by Type
7.1 Market segments
Chart on Type - Market share 2023-2028 (%)
Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
7.3 Closed loop system - Market size and forecast 2023-2028
Chart on Closed loop system - Market size and forecast 2023-2028 ($ million)
Data Table on Closed loop system - Market size and forecast 2023-2028 ($ million)
Chart on Closed loop system - Year-over-year growth 2023-2028 (%)
Data Table on Closed loop system - Year-over-year growth 2023-2028 (%)
7.4 Open loop system - Market size and forecast 2023-2028
Chart on Open loop system - Market size and forecast 2023-2028 ($ million)
Data Table on Open loop system - Market size and forecast 2023-2028 ($ million)
Chart on Open loop system - Year-over-year growth 2023-2028 (%)
Data Table on Open loop system - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Type
Market opportunity by Type ($ million)
Data Table on Market opportunity by Type ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Chart on Market share By Geographical Landscape2023-2028 (%)
Data Table on Market share By Geographical Landscape2023-2028 (%)
9.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
9.3 Europe - Market size and forecast 2023-2028
Chart on Europe - Market size and forecast 2023-2028 ($ million)
Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Chart on Europe - Year-over-year growth 2023-2028 (%)
Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
Chart on North America - Market size and forecast 2023-2028 ($ million)
Data Table on North America - Market size and forecast 2023-2028 ($ million)
Chart on North America - Year-over-year growth 2023-2028 (%)
Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Chart on APAC - Market size and forecast 2023-2028 ($ million)
Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Chart on APAC - Year-over-year growth 2023-2028 (%)
Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Chart on South America - Market size and forecast 2023-2028 ($ million)
Data Table on South America - Market size and forecast 2023-2028 ($ million)
Chart on South America - Year-over-year growth 2023-2028 (%)
Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ million)
Data Table on US - Market size and forecast 2023-2028 ($ million)
Chart on US - Year-over-year growth 2023-2028 (%)
Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 Germany - Market size and forecast 2023-2028
Chart on Germany - Market size and forecast 2023-2028 ($ million)
Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Chart on Germany - Year-over-year growth 2023-2028 (%)
Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.10 France - Market size and forecast 2023-2028
Chart on France - Market size and forecast 2023-2028 ($ million)
Data Table on France - Market size and forecast 2023-2028 ($ million)
Chart on France - Year-over-year growth 2023-2028 (%)
Data Table on France - Year-over-year growth 2023-2028 (%)
9.11 UK - Market size and forecast 2023-2028
Chart on UK - Market size and forecast 2023-2028 ($ million)
Data Table on UK - Market size and forecast 2023-2028 ($ million)
Chart on UK - Year-over-year growth 2023-2028 (%)
Data Table on UK - Year-over-year growth 2023-2028 (%)
9.12 China - Market size and forecast 2023-2028
Chart on China - Market size and forecast 2023-2028 ($ million)
Data Table on China - Market size and forecast 2023-2028 ($ million)
Chart on China - Year-over-year growth 2023-2028 (%)
Data Table on China - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity by geography
Market opportunity By Geographical Landscape($ million)
Data Tables on Market opportunity By Geographical Landscape($ million)
10 Drivers, Challenges, and Opportunity/Restraints
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints
11 Competitive Landscape
11.1 Overview
11.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
Overview on factors of disruption
11.4 Industry risks
Impact of key risks on business
12 Competitive Analysis
12.1 Companies profiled
Companies covered
12.2 Market positioning of companies
Matrix on companies position and classification
12.3 Bard HVAC
Bard HVAC - Overview
Bard HVAC - Product / Service
Bard HVAC - Key offerings
12.4 Carrier Global Corp.
Carrier Global Corp. - Overview
Carrier Global Corp. - Business segments
Carrier Global Corp. - Key news
Carrier Global Corp. - Key offerings
Carrier Global Corp. - Segment focus
12.5 Daikin Industries Ltd.
Daikin Industries Ltd. - Overview
Daikin Industries Ltd. - Business segments
Daikin Industries Ltd. - Key news
Daikin Industries Ltd. - Key offerings
Daikin Industries Ltd. - Segment focus
12.6 Danfoss AS
Danfoss AS - Overview
Danfoss AS - Product / Service
Danfoss AS - Key offerings
12.7 Energy Smart Alternatives.
Energy Smart Alternatives. - Overview
Energy Smart Alternatives. - Product / Service
Energy Smart Alternatives. - Key offerings
12.8 Glen Dimplex Group.
Glen Dimplex Group. - Overview
Glen Dimplex Group. - Product / Service
Glen Dimplex Group. - Key offerings
12.9 Johnson Controls International Plc.
Johnson Controls International Plc. - Overview
Johnson Controls International Plc. - Business segments
Johnson Controls International Plc. - Key news
Johnson Controls International Plc. - Key offerings
Johnson Controls International Plc. - Segment focus
12.10 Mitsubishi Corp.
Mitsubishi Corp. - Overview
Mitsubishi Corp. - Business segments
Mitsubishi Corp. - Key news
Mitsubishi Corp. - Key offerings
Mitsubishi Corp. - Segment focus
12.11 NIBE Industrier AB
NIBE Industrier AB - Overview
NIBE Industrier AB - Business segments
NIBE Industrier AB - Key news
NIBE Industrier AB - Key offerings
NIBE Industrier AB - Segment focus
12.12 Robert Bosch GmbH
Robert Bosch GmbH - Overview
Robert Bosch GmbH - Product / Service
Robert Bosch GmbH - Key news
Robert Bosch GmbH - Key offerings
12.13 Sirac Air Conditioning Equipments Co. Ltd.
Sirac Air Conditioning Equipments Co. Ltd. - Overview
Sirac Air Conditioning Equipments Co. Ltd. - Product / Service
Sirac Air Conditioning Equipments Co. Ltd. - Key offerings
12.14 Stiebel Eltron GmbH and Co. KG
Stiebel Eltron GmbH and Co. KG - Overview
Stiebel Eltron GmbH and Co. KG - Product / Service
Stiebel Eltron GmbH and Co. KG - Key offerings
12.15 Trane Technologies Plc
Trane Technologies Plc - Overview
Trane Technologies Plc - Business segments
Trane Technologies Plc - Key offerings
Trane Technologies Plc - Segment focus
12.16 Vaillant GmbH
Vaillant GmbH - Overview
Vaillant GmbH - Product / Service
Vaillant GmbH - Key offerings
12.17 Viessmann Climate Solutions SE
Viessmann Climate Solutions SE - Overview
Viessmann Climate Solutions SE - Product / Service
Viessmann Climate Solutions SE - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
13.3 Currency conversion rates for US$
Currency conversion rates for US$
13.4 Research methodology
Research methodology
13.5 Data procurement
Information sources
13.6 Data validation
Data validation
13.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
13.8 Data synthesis
Data synthesis
13.9 360 degree market analysis
360 degree market analysis
13.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market by Geography
Exhibits 5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 6: Executive Summary - Chart on Market Segmentation by Type
Exhibits 7: Executive Summary - Chart on Incremental Growth
Exhibits 8: Executive Summary - Data Table on Incremental Growth
Exhibits 9: Executive Summary - Chart on Company Market Positioning
Exhibits 10: Parent Market
Exhibits 11: Data Table on - Parent Market
Exhibits 12: Market characteristics analysis
Exhibits 13: Value Chain Analysis
Exhibits 14: Offerings of companies included in the market definition
Exhibits 15: Market segments
Exhibits 16: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 17: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 18: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 19: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 20: Historic Market Size - Data Table on Global Geothermal Heat Pump Market 2018 - 2022 ($ million)
Exhibits 21: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
Exhibits 22: Historic Market Size - Type Segment 2018 - 2022 ($ million)
Exhibits 23: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
Exhibits 24: Historic Market Size - Country Segment 2018 - 2022 ($ million)
Exhibits 25: Five forces analysis - Comparison between 2023 and 2028
Exhibits 26: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 27: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 28: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 29: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 30: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 31: Chart on Market condition - Five forces 2023 and 2028
Exhibits 32: Chart on End-user - Market share 2023-2028 (%)
Exhibits 33: Data Table on End-user - Market share 2023-2028 (%)
Exhibits 34: Chart on Comparison by End-user
Exhibits 35: Data Table on Comparison by End-user
Exhibits 36: Chart on Residential - Market size and forecast 2023-2028 ($ million)
Exhibits 37: Data Table on Residential - Market size and forecast 2023-2028 ($ million)
Exhibits 38: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibits 39: Data Table on Residential - Year-over-year growth 2023-2028 (%)
Exhibits 40: Chart on Non-residential - Market size and forecast 2023-2028 ($ million)
Exhibits 41: Data Table on Non-residential - Market size and forecast 2023-2028 ($ million)
Exhibits 42: Chart on Non-residential - Year-over-year growth 2023-2028 (%)
Exhibits 43: Data Table on Non-residential - Year-over-year growth 2023-2028 (%)
Exhibits 44: Market opportunity by End-user ($ million)
Exhibits 45: Data Table on Market opportunity by End-user ($ million)
Exhibits 46: Chart on Type - Market share 2023-2028 (%)
Exhibits 47: Data Table on Type - Market share 2023-2028 (%)
Exhibits 48: Chart on Comparison by Type
Exhibits 49: Data Table on Comparison by Type
Exhibits 50: Chart on Closed loop system - Market size and forecast 2023-2028 ($ million)
Exhibits 51: Data Table on Closed loop system - Market size and forecast 2023-2028 ($ million)
Exhibits 52: Chart on Closed loop system - Year-over-year growth 2023-2028 (%)
Exhibits 53: Data Table on Closed loop system - Year-over-year growth 2023-2028 (%)
Exhibits 54: Chart on Open loop system - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Data Table on Open loop system - Market size and forecast 2023-2028 ($ million)
Exhibits 56: Chart on Open loop system - Year-over-year growth 2023-2028 (%)
Exhibits 57: Data Table on Open loop system - Year-over-year growth 2023-2028 (%)
Exhibits 58: Market opportunity by Type ($ million)
Exhibits 59: Data Table on Market opportunity by Type ($ million)
Exhibits 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 61: Chart on Market share By Geographical Landscape2023-2028 (%)
Exhibits 62: Data Table on Market share By Geographical Landscape2023-2028 (%)
Exhibits 63: Chart on Geographic comparison
Exhibits 64: Data Table on Geographic comparison
Exhibits 65: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 66: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 67: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 68: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 69: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 70: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 71: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits 72: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits 73: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits 74: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits 75: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 76: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 77: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibits 78: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibits 79: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits 80: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits 81: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 82: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 83: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 84: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 85: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibits 86: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibits 87: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits 88: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits 89: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibits 90: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibits 91: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 92: Data Table on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 93: Chart on France - Market size and forecast 2023-2028 ($ million)
Exhibits 94: Data Table on France - Market size and forecast 2023-2028 ($ million)
Exhibits 95: Chart on France - Year-over-year growth 2023-2028 (%)
Exhibits 96: Data Table on France - Year-over-year growth 2023-2028 (%)
Exhibits 97: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibits 98: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibits 99: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibits 100: Data Table on UK - Year-over-year growth 2023-2028 (%)
Exhibits 101: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibits 102: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibits 103: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits 104: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits 105: Market opportunity By Geographical Landscape($ million)
Exhibits 106: Data Tables on Market opportunity By Geographical Landscape($ million)
Exhibits 107: Impact of drivers and challenges in 2023 and 2028
Exhibits 108: Overview on criticality of inputs and factors of differentiation
Exhibits 109: Overview on factors of disruption
Exhibits 110: Impact of key risks on business
Exhibits 111: Companies covered
Exhibits 112: Matrix on companies position and classification
Exhibits 113: Bard HVAC - Overview
Exhibits 114: Bard HVAC - Product / Service
Exhibits 115: Bard HVAC - Key offerings
Exhibits 116: Carrier Global Corp. - Overview
Exhibits 117: Carrier Global Corp. - Business segments
Exhibits 118: Carrier Global Corp. - Key news
Exhibits 119: Carrier Global Corp. - Key offerings
Exhibits 120: Carrier Global Corp. - Segment focus
Exhibits 121: Daikin Industries Ltd. - Overview
Exhibits 122: Daikin Industries Ltd. - Business segments
Exhibits 123: Daikin Industries Ltd. - Key news
Exhibits 124: Daikin Industries Ltd. - Key offerings
Exhibits 125: Daikin Industries Ltd. - Segment focus
Exhibits 126: Danfoss AS - Overview
Exhibits 127: Danfoss AS - Product / Service
Exhibits 128: Danfoss AS - Key offerings
Exhibits 129: Energy Smart Alternatives. - Overview
Exhibits 130: Energy Smart Alternatives. - Product / Service
Exhibits 131: Energy Smart Alternatives. - Key offerings
Exhibits 132: Glen Dimplex Group. - Overview
Exhibits 133: Glen Dimplex Group. - Product / Service
Exhibits 134: Glen Dimplex Group. - Key offerings
Exhibits 135: Johnson Controls International Plc. - Overview
Exhibits 136: Johnson Controls International Plc. - Business segments
Exhibits 137: Johnson Controls International Plc. - Key news
Exhibits 138: Johnson Controls International Plc. - Key offerings
Exhibits 139: Johnson Controls International Plc. - Segment focus
Exhibits 140: Mitsubishi Corp. - Overview
Exhibits 141: Mitsubishi Corp. - Business segments
Exhibits 142: Mitsubishi Corp. - Key news
Exhibits 143: Mitsubishi Corp. - Key offerings
Exhibits 144: Mitsubishi Corp. - Segment focus
Exhibits 145: NIBE Industrier AB - Overview
Exhibits 146: NIBE Industrier AB - Business segments
Exhibits 147: NIBE Industrier AB - Key news
Exhibits 148: NIBE Industrier AB - Key offerings
Exhibits 149: NIBE Industrier AB - Segment focus
Exhibits 150: Robert Bosch GmbH - Overview
Exhibits 151: Robert Bosch GmbH - Product / Service
Exhibits 152: Robert Bosch GmbH - Key news
Exhibits 153: Robert Bosch GmbH - Key offerings
Exhibits 154: Sirac Air Conditioning Equipments Co. Ltd. - Overview
Exhibits 155: Sirac Air Conditioning Equipments Co. Ltd. - Product / Service
Exhibits 156: Sirac Air Conditioning Equipments Co. Ltd. - Key offerings
Exhibits 157: Stiebel Eltron GmbH and Co. KG - Overview
Exhibits 158: Stiebel Eltron GmbH and Co. KG - Product / Service
Exhibits 159: Stiebel Eltron GmbH and Co. KG - Key offerings
Exhibits 160: Trane Technologies Plc - Overview
Exhibits 161: Trane Technologies Plc - Business segments
Exhibits 162: Trane Technologies Plc - Key offerings
Exhibits 163: Trane Technologies Plc - Segment focus
Exhibits 164: Vaillant GmbH - Overview
Exhibits 165: Vaillant GmbH - Product / Service
Exhibits 166: Vaillant GmbH - Key offerings
Exhibits 167: Viessmann Climate Solutions SE - Overview
Exhibits 168: Viessmann Climate Solutions SE - Product / Service
Exhibits 169: Viessmann Climate Solutions SE - Key offerings
Exhibits 170: Inclusions checklist
Exhibits 171: Exclusions checklist
Exhibits 172: Currency conversion rates for US$
Exhibits 173: Research methodology
Exhibits 174: Information sources
Exhibits 175: Data validation
Exhibits 176: Validation techniques employed for market sizing
Exhibits 177: Data synthesis
Exhibits 178: 360 degree market analysis
Exhibits 179: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global geothermal heat pump market: Bard HVAC, Carrier Global Corp., Daikin Industries Ltd., Dandelion, Danfoss AS, Energy Smart Alternatives., GeoSmart Energy, Glen Dimplex Group., Griffiths Air Conditioning and Electrical Contractors, Johnson Controls International Plc., Kensa Group, Mitsubishi Corp., NIBE Industrier AB, REMKO GmbH and Co. KG, Robert Bosch GmbH, Sirac Air Conditioning Equipments Co. Ltd., Stiebel Eltron GmbH and Co. KG, Trane Technologies Plc, Vaillant GmbH, and Viessmann Climate Solutions SE.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is emergence of BEMS."

According to the report, one of the major drivers for this market is the operational benefits of geothermal heat pumps over conventional systems.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Bard HVAC
  • Carrier Global Corp.
  • Daikin Industries Ltd.
  • Dandelion
  • Danfoss AS
  • Energy Smart Alternatives.
  • GeoSmart Energy
  • Glen Dimplex Group.
  • Griffiths Air Conditioning and Electrical Contractors
  • Johnson Controls International Plc.
  • Kensa Group
  • Mitsubishi Corp.
  • NIBE Industrier AB
  • REMKO GmbH and Co. KG
  • Robert Bosch GmbH
  • Sirac Air Conditioning Equipments Co. Ltd.
  • Stiebel Eltron GmbH and Co. KG
  • Trane Technologies Plc
  • Vaillant GmbH
  • Viessmann Climate Solutions SE