Geothermal Heat Pump Market

- Size, Trend, Share, Opportunity Analysis & Forecast, 2015-2023

  • Date Construction & Manufacturing
  • Date January 2017
  • price $3619
 
 

Geothermal Heat Pump Market - Global Industry Overview - 2025

Progressive Markets added a report, “Geothermal Heat Pump Market - Size, Trend, Share, Opportunity Analysis & Forecast, 2015-2023, which says that the market is expected to grow at a considerable CAGR during the forecast period.

A geothermal heat pump is a central heating and/or cooling system. It has been used from the earlier times as a method of heating and cooling ancient structures. The geothermal heat pump makes use of the constant temperature of the earth to exchange heat via a heat exchanger to warm or cool buildings. The pump transfers heat stored in the earth’s surface to buildings in winter and pumps the heat out during summers. They are widely adopted worldwide due to the numerous benefits they provide. These heat pumps reduce the dependencies on fossil fuels and have no cost fluctuations when compared with gas and oil prices. In addition, they are environment-friendly and reduce the carbon footprint of buildings.

Market Drivers and Restraints

The market for the geothermal heat pump is witnessing a fast growth and several factors are supporting the same. The factors include the efficient and longer lifespan of systems and the environment-friendliness of such systems. On the other hand, factor such as the high cost associated with the setup and infrastructure are responsible for hindering the growth of the market.

Geothermal Heat Pump Market Key Segmentation:

The geothermal heat pump market report studies the market based on its segmentation. The market is segmented by type, product, application, and geography. Based on type, the market is divided into the open-loop system, closed-loop system, and hybrid system. The closed-loop system segment is again divided into the horizontal configuration, vertical configuration, and pond/lake configuration. Based on product, the for geothermal heat pump market is classified as the air-to-water heat pump and water-to-water heat pump. Based on application, the market is divided into commercial and residential. Based on geography, the market is divided into North America, Asia-Pacific, Europe, and LAMEA. In North America, the market has been analyzed across the U.S., Canada, and Mexico. In Asia-Pacific, the geothermal heat pump market has been studied in Japan, China, India, and the other regions of Asia-Pacific. In Europe, the market is studied in the UK, Germany, France, Italy, and the rest of Europe. In LAMEA, the geothermal heat pump market has been analyzed across Saudi Arabia, South Africa, Brazil, and the other parts of LAMEA.

By Type

  • Open-loop system
  • Closed-loop system
  • Horizontal configuration
  • Vertical configuration
  • Pond/lake configuration
  • Hybrid system

By Product

  • Air-to-water heat pump
  • Water-to-water heat pump

By Application

  • Commercial
  • Residential

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Market Players

The key players operating in the geothermal heat pump market include Carrier Corporation, Kensa Heat Pumps, Robert Bosch GmbH, Modine Manufacturing Company, Brycon Corporation, NIBE AB, Danfoss A/S, Planetherm GmbH, Trane Inc., and Viessmann Limited Manufactures.

Key Benefits from the Report

The geothermal heat pump market analysis report provides a thorough analysis of the market with the help of geothermal heat pump industry statistics, geothermal heat pump market size, geothermal heat pump market share, geothermal heat pump market forecast, geothermal heat pump market outlook, market dynamics, Porter’s Five Forces analysis, major competitors, and more. It provides an in-depth and quantitative analysis of the current market for the period 2015-2023 to identify prevailing opportunities. A complete analysis of the drivers, restraints, and opportunities helps comprehend the market behavior. Details about the marketing strategies adopted by the key market players such as partnerships and acquisitions are provided in the report. The Porter’s Five Forces Analysis (PFFA) explains the competitive environment within the market to help in strategy formulation. It comprises the bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and industry rivalry. The market share analysis helps determine how the market players are performing as compared to their competitors. The geothermal heat pump market trends analysis helps industry players stay competitive and cater to the needs of consumers. The report provides a regional and country-level analysis of the market. The competitive intelligence of the key geothermal heat pump companies helps understand the competitive environment across the various geographical regions. Furthermore, the report provides extensive and qualitative insights on the potential and niche segments of the geothermal heat pump industry that show favorable growth.

1. Executive summary
1.1. Key Findings
1.2. Market Attractiveness and Trend analysis
1.3. Competitive Landscape and recent industry development analysis
2. Introduction
2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology
3. Market landscape
3.1. Growth Drivers
3.1.1. Impact Analysis
3.2. Restrains and Challenges
3.2.1. Impact Analysis
3.3. Porter’s Analysis
3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of substitutes
3.3.4. Industry rivalry
3.3.5. Threat of new entrants
3.4. Global Geothermal Heat Pump Equipment Market Shares Analysis, 2014-2025
3.4.1. Global Geothermal Heat Pump Equipment Market by Type, 2014-2025
3.4.2. Global Geothermal Heat Pump Equipment Market by Product, 2014-2025
3.4.3. Global Geothermal Heat Pump Equipment Market by Application, 2014-2025
3.4.4. Global Geothermal Heat Pump Equipment Market by Geography, 2014-2025
4. Global Geothermal Heat Pump Equipment Market by Type
4.1. Open-Loop System
4.1.1. Historical Market Size by Region, 2014-2016
4.1.2. Market Forecast by Region, 2017-2025
4.2. Closed-Loop System
4.2.1. Historical Market Size by Region, 2014-2016
4.2.2. Market Forecast by Region, 2017-2025
4.2.3. Horizontal Configuration
4.2.4. Vertical Configuration
4.2.5. Pond/lake Configuration
4.3. Hybrid System
4.3.1. Historical Market Size by Region, 2014-2016
4.3.2. Market Forecast by Region, 2017-2025
5. Global Geothermal Heat Pump Equipment Market by Product
5.1. Air-To-Water Heat Pump
5.1.1. Historical Market Size by Region, 2014-2016
5.1.2. Market Forecast by Region, 2017-2025
5.2. Water-To-Water Heat Pump
5.2.1. Historical Market Size by Region, 2014-2016
5.2.2. Market Forecast by Region, 2017-2025
6. Global Geothermal Heat Pump Equipment Market by Application
6.1. Commercial
6.1.1. Historical Market Size by Region, 2014-2016
6.1.2. Market Forecast by Region, 2017-2025
6.2. Residential
6.2.1. Historical Market Size by Region, 2014-2016
6.2.2. Market Forecast by Region, 2017-2025
7. Global Geothermal Heat Pump Equipment Market by Geography
7.1. North America
7.1.1. U.S.
7.1.1.1. Historical Market Size, 2014-2016
7.1.1.2. Market Forecast, 2017-2025
7.1.2. Canada
7.1.2.1. Historical Market Size, 2014-2016
7.1.2.2. Market Forecast, 2017-2025
7.1.3. Mexico
7.1.3.1. Historical Market Size, 2014-2016
7.1.3.2. Market Forecast, 2017-2025
7.2. Europe
7.2.1. UK
7.2.1.1. Historical Market Size, 2014-2016
7.2.1.2. Market Forecast, 2017-2025
7.2.2. Germany
7.2.2.1. Historical Market Size, 2014-2016
7.2.2.2. Market Forecast, 2017-2025
7.2.3. France
7.2.3.1. Historical Market Size, 2014-2016
7.2.3.2. Market Forecast, 2017-2025
7.2.4. Spain
7.2.4.1. Historical Market Size, 2014-2016
7.2.4.2. Market Forecast, 2017-2025
7.2.5. Italy
7.2.5.1. Historical Market Size, 2014-2016
7.2.5.2. Market Forecast, 2017-2025
7.2.6. Rest of Europe
7.2.6.1. Historical Market Size, 2014-2016
7.2.6.2. Market Forecast, 2017-2025
7.3. Asia-Pacific
7.3.1. China
7.3.1.1. Historical Market Size, 2014-2016
7.3.1.2. Market Forecast, 2017-2025
7.3.2. Japan
7.3.2.1. Historical Market Size, 2014-2016
7.3.2.2. Market Forecast, 2017-2025
7.3.3. India
7.3.3.1. Historical Market Size, 2014-2016
7.3.3.2. Market Forecast, 2017-2025
7.3.4. Australia
7.3.4.1. Historical Market Size, 2014-2016
7.3.4.2. Market Forecast, 2017-2025
7.3.5. South Korea
7.3.5.1. Historical Market Size, 2014-2016
7.3.5.2. Market Forecast, 2017-2025
7.3.6. Rest of Asia-Pacific
7.3.6.1. Historical Market Size, 2014-2016
7.3.6.2. Market Forecast, 2017-2025
7.4. LAMEA
7.4.1. Brazil
7.4.1.1. Historical Market Size, 2014-2016
7.4.1.2. Market Forecast, 2017-2025
7.4.2. Saudi Arabia
7.4.2.1. Historical Market Size, 2014-2016
7.4.2.2. Market Forecast, 2017-2025
7.4.3. South Africa
7.4.3.1. Historical Market Size, 2014-2016
7.4.3.2. Market Forecast, 2017-2025
7.4.4. Rest of LAMEA
7.4.4.1. Historical Market Size, 2014-2016
7.4.4.2. Market Forecast, 2017-2025
8. Company profiles
8.1. Brycon Corporation
8.1.1. Overview
8.1.2. Financials and business segments
8.1.3. Recent developments
8.2. Carrier Corporation
8.2.1. Overview
8.2.2. Financials and business segments
8.2.3. Recent developments
8.3. Danfoss A/S
8.3.1. Overview
8.3.2. Financials and business segments
8.3.3. Recent developments
8.4. Kensa Heat Pumps
8.4.1. Overview
8.4.2. Financials and business segments
8.4.3. Recent developments
8.5. Modine Manufacturing Company
8.5.1. Overview
8.5.2. Financials and business segments
8.5.3. Recent developments
8.6. NIBE AB
8.6.1. Overview
8.6.2. Financials and business segments
8.6.3. Recent developments
8.7. Planetherm GmbH
8.7.1. Overview
8.7.2. Financials and business segments
8.7.3. Recent developments
8.8. Robert Bosch GmbH
8.8.1. Overview
8.8.2. Financials and business segments
8.8.3. Recent developments
8.9. Trane Inc.
8.9.1. Overview
8.9.2. Financials and business segments
8.9.3. Recent developments
8.10. Viessmann Limited Manufactures
8.10.1. Overview
8.10.2. Financials and business segments
8.10.3. Recent developments

List of Tables

Table 1. Geothermal Heat Pump Market Value, by Type, 2014-2025, $million
Table 2. Geothermal Heat Pump Market Value, by Product, 2014-2025, $million
Table 3. Geothermal Heat Pump Market Value, by Application, 2014-2025, $million
Table 5. Geothermal Heat Pump Market Value for Open-Loop System, by Region, 2017-2025, $million
Table 6. Geothermal Heat Pump Market Value for Closed-Loop System, by Region, 2017-2025, $million
Table 7. Geothermal Heat Pump Market Value for Closed-Loop System, by Type, 2017-2025, $million
Table 8. Geothermal Heat Pump Market Value for Hybrid System, by Region, 2017-2025, $million
Table 9. Geothermal Heat Pump Market Value for Air-To-Water Heat Pump, by Region, 2017-2025, $million
Table 10. Geothermal Heat Pump Market Value for Water-To-Water Heat Pump, by Region, 2017-2025, $million
Table 11. Geothermal Heat Pump Market Value for Commercial, by Region, 2017-2025, $million
Table 12. Geothermal Heat Pump Market Value for Residential, by Region, 2017-2025, $million
Table 13. Geothermal Heat Pump Market Value for North America, by Country, 2014-2025, $million
Table 14. Geothermal Heat Pump Market Value for North America, by Channels of Distribution, 2014-2025, $million
Table 15. Geothermal Heat Pump Market Value for North America, by Technology, 2014-2025, $million
Table 16. Geothermal Heat Pump Market Value for North America, by End-User, 2014-2025, $million
Table 17. Geothermal Heat Pump Market Value for Europe, by Country, 2014-2025, $million
Table 18. Geothermal Heat Pump Market Value for Europe, by Channels of Distribution, 2014-2025, $million
Table 19. Geothermal Heat Pump Market Value for Europe, by Technology, 2014-2025, $million
Table 20. Geothermal Heat Pump Market Value for Europe, by End-User, 2014-2025, $million
Table 21. Geothermal Heat Pump Market Value for Asia-Pacific, by Country, 2014-2025, $million
Table 22. Geothermal Heat Pump Market Value for Asia-Pacific, by Channels of Distribution, 2014-2025, $million
Table 23. Geothermal Heat Pump Market Value for Asia-Pacific, by Technology, 2014-2025, $million
Table 24. Geothermal Heat Pump Market Value for Asia-Pacific, by End-User, 2014-2025, $million
Table 25. Geothermal Heat Pump Market Value for LAMEA, by Country, 2014-2025, $million
Table 26. Geothermal Heat Pump Market Value for LAMEA, by Channels of Distribution, 2014-2025, $million
Table 27. Geothermal Heat Pump Market Value for LAMEA, by Technology, 2014-2025, $million
Table 28. Geothermal Heat Pump Market Value for LAMEA, by End-User, 2014-2025, $million
Table 29. Brycon Corporation - Company Snapshot
Table 30. Carrier Corporation - Company Snapshot
Table 31. Danfoss A/S - Company Snapshot
Table 32. Kensa Heat Pumps - Company Snapshot
Table 33. Modine Manufacturing Company - Company Snapshot
Table 34. NIBE AB - Company Snapshot
Table 35. Planetherm GmbH - Company Snapshot
Table 36. Robert Bosch GmbH - Company Snapshot
Table 37. Trane Inc. - Company Snapshot
Table 38. Viessmann Limited Manufactures - Company Snapshot

List of Figures

Figure 1. Geothermal Heat Pump: Open-Loop System Market Value, 2014-2016, $million
Figure 2. Geothermal Heat Pump: Closed-Loop System Market Value, 2014-2016, $million
Figure 3. Geothermal Heat Pump: Hybrid System Market Value, 2014-2016, $million
Figure 5. Geothermal Heat Pump: Air-to-Water Heat Pump Market Value, 2014-2016, $million
Figure 6. Geothermal Heat Pump: Water-to-Water Heat Pump Market Value, 2014-2016, $million
Figure 7. Geothermal Heat Pump: Commercial Market Value, 2014-2016, $million
Figure 8. Geothermal Heat Pump: Residential Market Value, 2014-2016, $million
Figure 9. Geothermal Heat Pump: U.S. Market Value, 2014-2016, $million
Figure 10. Geothermal Heat Pump: U.S. Market Value, 2017-2025, $million
Figure 11. Geothermal Heat Pump: Canada Market Value, 2014-2016, $million
Figure 12. Geothermal Heat Pump: Canada Market Value, 2017-2025, $million
Figure 13. Geothermal Heat Pump: Mexico Market Value, 2014-2016, $million
Figure 14. Geothermal Heat Pump: Mexico Market Value, 2017-2025, $million
Figure 15. Geothermal Heat Pump: UK Market Value, 2014-2016, $million
Figure 16. Geothermal Heat Pump: UK Market Value, 2017-2025, $million
Figure 17. Geothermal Heat Pump: Germany Market Value, 2014-2016, $million
Figure 18. Geothermal Heat Pump: Germany Market Value, 2017-2025, $million
Figure 19. Geothermal Heat Pump: France Market Value, 2014-2016, $million
Figure 20. Geothermal Heat Pump: France Market Value, 2017-2025, $million
Figure 21. Geothermal Heat Pump: Spain Market Value, 2014-2016, $million
Figure 22. Geothermal Heat Pump: Spain Market Value, 2017-2025, $million
Figure 23. Geothermal Heat Pump: Italy Market Value, 2014-2016, $million
Figure 24. Geothermal Heat Pump: Italy Market Value, 2017-2025, $million
Figure 25. Geothermal Heat Pump: Rest of Europe Market Value, 2014-2016, $million
Figure 26. Geothermal Heat Pump: Rest of Europe Market Value, 2017-2025, $million
Figure 27. Geothermal Heat Pump: China Market Value, 2014-2016, $million
Figure 28. Geothermal Heat Pump: China Market Value, 2017-2025, $million
Figure 29. Geothermal Heat Pump: Japan Market Value, 2014-2016, $million
Figure 30. Geothermal Heat Pump: Japan Market Value, 2017-2025, $million
Figure 31. Geothermal Heat Pump: India Market Value, 2014-2016, $million
Figure 32. Geothermal Heat Pump: India Market Value, 2017-2025, $million
Figure 33. Geothermal Heat Pump: Australia Market Value, 2014-2016, $million
Figure 34. Geothermal Heat Pump: Australia Market Value, 2017-2025, $million
Figure 35. Geothermal Heat Pump: South Korea Market Value, 2014-2016, $million
Figure 36. Geothermal Heat Pump: South Korea Market Value, 2017-2025, $million
Figure 37. Geothermal Heat Pump: Rest of Asia-Pacific Market Value, 2014-2016, $million
Figure 38. Geothermal Heat Pump: Rest of Asia-Pacific Market Value, 2017-2025, $million
Figure 39. Geothermal Heat Pump: Brazil Market Value, 2014-2016, $million
Figure 40. Geothermal Heat Pump: Brazil Market Value, 2017-2025, $million
Figure 41. Geothermal Heat Pump: Saudi Arabia Market Value, 2014-2016, $million
Figure 42. Geothermal Heat Pump: Saudi Arabia Market Value, 2017-2025, $million
Figure 43. Geothermal Heat Pump: South Africa Market Value, 2014-2016, $million
Figure 44. Geothermal Heat Pump: South Africa Market Value, 2017-2025, $million
Figure 45. Geothermal Heat Pump: Rest of LAMEA Market Value, 2014-2016, $million
Figure 46. Geothermal Heat Pump: Rest of LAMEA Market Value, 2017-2025, $million
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