Geothermal Heat Pump Market

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

  • Date January 2017
  • price $3619
 
 

Geothermal heat pumps consume the constant temperature of the earth to exchange heat through a heat exchanger to warm or cool buildings. The pump transfers heat stored in the earths sub-surface into buildings in winter and pumps heat out during summers. They lower the dependencies from fossil fuels and have no cost fluctuations when compared with gas and oil prices. Moreover, they are environment-friendly and lower the carbon footprint of buildings.

The global geothermal heat pump market is divided on the basis of type, product, application, and geography. Based on type, the market can be segmented into closed-loop, open-loop, and hybrid systems. By product, it is bifurcated into water-to-water heat pumps and air-to-water heat pumps. By application the market is segregated into residential and commercial. By geography, it is classified into North America, Europe, Asia-Pacific, and LAMEA.

Market Dynamics:

Drivers:

  • Efficient and longer lifespan of systems
  • Environment friendly

Restraints:

  • High set-up & infrastructure costs

Market Players:

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

KEY TAKEAWAYS

  • This report provides a detailed quantitative analysis of the current market from 2015 to 2023 to identify prevailing opportunities.
  • An in-depth analysis of drivers, restraints, and opportunities has been provided to understand the market behavior.
  • The report includes the strategies of key leaders, partnerships, and acquisitions.
  • Porters five forces analysis determines the competitive structure of the market to assist in strategy formulation.
  • A regional and country-level analysis of the market has been provided in the report.
  • Competitive intelligence of leading geothermal heat pump providers helps understand the competitive scenario across geographies.
  • The report provides extensive qualitative insights on the potential and niche segments or regions that exhibit favorable growth.

MARKET LANDSCAPE

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
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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