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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.Speak directly to the analyst to clarify any post sales queries you may have.
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
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 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
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
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
