Geothermal Heat Pumps Market Size, Share, Growth Report 2032

Geothermal Heat Pumps Market

Geothermal Heat Pumps Market By Technology (Open Loop Systems And Closed Loop Systems), By End-User (Residential And Commercial), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024-2032

Category: Energy & Mining Report Format : PDF Pages: 110 Report Code: ZMR-2736 Published Date: Mar-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 12.04 Billion USD 19.74 Billion 5.65% 2023

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global geothermal heat pumps market, 2015 - 2024 (USD Billion)
    • 2.2. Global geothermal heat pumps market: Snapshot
  •  
  • Chapter 3. Geothermal Heat Pumps - Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Geothermal heat energy is a pollution-free energy source
      • 3.2.2. Geothermal heat energy is a cheaper energy source than fossil and other fuels
      • 3.2.3. Production cost is Competitive
    • 3.3. Market Restraints
      • 3.3.1. Difficult terrain
      • 3.3.2. Initial costs are high
    • 3.4. Opportunities
      • 3.4.1. Enhanced geothermal systems (EGS) help significantly to reduce cost.
      • 3.4.2. Rising investments in Enhanced geothermal systems (EGS)
    • 3.5. Porter's Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis by technology
      • 3.6.2. Market attractiveness analysis by end-user
      • 3.6.3. Market attractiveness analysis by region
  •  
  • Chapter 4. Geothermal Heat Pumps - Competitive Landscape
    • 4.1. Company market share analysis, 2017 (subject to data availability)
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Products Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
  •  
  • Chapter 5. Geothermal Heat Pumps Market - Technology Analysis
    • 5.1. Global geothermal heat pumps market: technology overview
      • 5.1.1. Global geothermal heat pumps volume share by technology, 2017 and 2024
    • 5.2. Open Loop Systems
      • 5.2.1. Global geothermal heat pumps market by open loop systems, 2015 - 2024 (USD Billion)
    • 5.3. Closed Loop Systems
      • 5.3.1. Global geothermal heat pumps market by closed-loop systems, 2015 - 2024 (USD Billion)
  •  
  • Chapter 6. Geothermal Heat Pumps Market - End-User Analysis
    • 6.1. Global geothermal heat pumps market: an end-user overview
      • 6.1.1. Global geothermal heat pumps volume share by end-user, 2017 and 2024
    • 6.2. Residential
      • 6.2.1. Global geothermal heat pumps market for residential, 2015 - 2024 (USD Billion)
    • 6.3. Commercial
    • 6.4. Global geothermal heat pumps market for commercial, 2015 - 2024 (USD Billion)
  •  
  • Chapter 7. Geothermal Heat Pumps Market - Regional Analysis
    • 7.1. Global Geothermal Heat Pumps Market: Regional Overview
      • 7.1.1. Global Geothermal Heat Pumps Market Value Share, by Region, 2017 and 2024
    • 7.2. North America
      • 7.2.1. North America geothermal heat pumps market, 2024 – 2032 (USD Billion)
      • 7.2.2. North America geothermal heat pumps market revenue, by technology, 2024 – 2032 (USD Billion)
      • 7.2.3. North America geothermal heat pumps market revenue, by end-user, 2024 – 2032 (USD Billion)
      • 7.2.4. U.S.
        • 7.2.4.1. U.S. geothermal heat pumps market revenue, by technology, 2024 – 2032 (USD Billion)
        • 7.2.4.2. U.S. geothermal heat pumps market revenue, by end-user, 2024 – 2032 (USD Billion)
    • 7.3. Europe
      • 7.3.1. Europe geothermal heat pumps market, 2024 – 2032 (USD Billion)
      • 7.3.2. Europe geothermal heat pumps market revenue, by technology, 2024 – 2032 (USD Billion)
      • 7.3.3. Europe geothermal heat pumps market revenue, by end-user, 2024 – 2032 (USD Billion)
      • 7.3.4. UK
        • 7.3.4.1. UK geothermal heat pumps market revenue, by technology, 2024 – 2032 (USD Billion)
        • 7.3.4.2. UK geothermal heat pumps market revenue, by end-user, 2024 – 2032 (USD Billion)
      • 7.3.5. France
        • 7.3.5.1. France geothermal heat pumps market revenue, by technology, 2024 – 2032 (USD Billion)
        • 7.3.5.2. France geothermal heat pumps market revenue, by end-user, 2024 – 2032 (USD Billion)
      • 7.3.6. Germany
        • 7.3.6.1. Germany geothermal heat pumps market revenue, by technology, 2024 – 2032 (USD Billion)
        • 7.3.6.2. Germany geothermal heat pumps market revenue, by end-user, 2024 – 2032 (USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Asia-Pacific geothermal heat pumps market, 2024 – 2032 (USD Billion)
      • 7.4.2. Asia-Pacific geothermal heat pumps market revenue, by technology, 2024 – 2032 (USD Billion)
      • 7.4.3. Asia-Pacific geothermal heat pumps market revenue, by end-user, 2024 – 2032 (USD Billion)
      • 7.4.4. China
        • 7.4.4.1. China geothermal heat pumps market revenue, by technology, 2024 – 2032 (USD Billion)
        • 7.4.4.2. China geothermal heat pumps market revenue, by end-user, 2024 – 2032 (USD Billion)
      • 7.4.5. Japan
        • 7.4.5.1. Japan geothermal heat pumps market revenue, by technology, 2024 – 2032 (USD Billion)
        • 7.4.5.2. Japan geothermal heat pumps market revenue, by end-user, 2024 – 2032 (USD Billion)
      • 7.4.6. India
        • 7.4.6.1. India geothermal heat pumps market revenue, by technology, 2024 – 2032 (USD Billion)
        • 7.4.6.2. India geothermal heat pumps market revenue, by end-user, 2024 – 2032 (USD Billion)
    • 7.5. Latin America
      • 7.5.1. Latin America geothermal heat pumps market, 2024 – 2032 (USD Billion)
      • 7.5.2. Latin America geothermal heat pumps market revenue, by technology, 2024 – 2032 (USD Billion)
      • 7.5.3. Latin America geothermal heat pumps market revenue, by end-user, 2024 – 2032 (USD Billion)
      • 7.5.4. Brazil
        • 7.5.4.1. Brazil geothermal heat pumps market revenue, by technology, 2024 – 2032 (USD Billion)
        • 7.5.4.2. Brazil geothermal heat pumps market revenue, by end-user, 2024 – 2032 (USD Billion)
    • 7.6. Middle East & Africa
      • 7.6.1. Middle East & Africa geothermal heat pumps market, 2024 – 2032 (USD Billion)
      • 7.6.2. Middle East & Africa geothermal heat pumps market revenue, by technology, 2024 – 2032 (USD Billion)
      • 7.6.3. Middle East & Africa geothermal heat pumps market revenue, by end-user, 2024 – 2032 (USD Billion)
  •  
  • Chapter 8. Company Profiles
    • 8.1. Altarock Energy Inc.
      • 8.1.1. Company Overview
      • 8.1.2. Financials
      • 8.1.3. Product Portfolio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. Climatemaster Inc.
      • 8.2.1. Company Overview
      • 8.2.2. Financials
      • 8.2.3. Product Portfolio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. Baker Hughes Inc.
      • 8.3.1. Company Overview
      • 8.3.2. Financials
      • 8.3.3. Product Portfolio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. Alstom SA
      • 8.4.1. Company Overview
      • 8.4.2. Financials
      • 8.4.3. Product Portfolio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Developments
    • 8.5. Calpine Corp.
      • 8.5.1. Company Overview
      • 8.5.2. Financials
      • 8.5.3. Product Portfolio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Developments
    • 8.6. Exorka GmbH.
      • 8.6.1. Company Overview
      • 8.6.2. Financials
      • 8.6.3. Product Portfolio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Developments
    • 8.7. Florida Heat Pumps.
      • 8.7.1. Company Overview
      • 8.7.2. Financials
      • 8.7.3. Business Strategy
      • 8.7.4. Product Portfolio
      • 8.7.5. Recent Developments
    • 8.8. Geoglobal Energy Llc.
      • 8.8.1. Company Overview
      • 8.8.2. Financials
      • 8.8.3. Business Strategy
      • 8.8.4. Product Portfolio
      • 8.8.5. Recent Developments
    • 8.9. Contact Energy Ltd.
      • 8.9.1. Company Overview
      • 8.9.2. Financials
      • 8.9.3. Business Strategy
      • 8.9.4. Product Portfolio
      • 8.9.5. Recent Developments
    • 8.10. Geodynamics Ltd.
      • 8.10.1. Company Overview
      • 8.10.2. Financials
      • 8.10.3. Business Strategy
      • 8.10.4. Product Portfolio
      • 8.10.5. Recent Developments

Table Of Figures

List of Figures 

1. Global geothermal heat pumps  market segmentation by end-user, technology and geography
2. Global geothermal heat pumps  market, 2024 – 2032 (USD Billion)
3. Porter’s five forces analysis: geothermal heat pumps market
4. Global geothermal heat pumps  market attractiveness, by technology, 2024
5. Global geothermal heat pumps  market attractiveness, by end-user, 2024
6. Global geothermal heat pumps  market attractiveness, by region, 2024
7. Global geothermal heat pumps  market value share, by technology, 2024 – 2032
8. Global geothermal heat pumps market by open loop systems, 2024 – 2032 (USD Billion)
9. Global geothermal heat pumps market by close loop systems, 2024 – 2032 (USD Billion)
10. Global geothermal heat pumps  market value share, by end-user, 2017 -2024
11. Global geothermal heat pumps  market for residential, 2024 – 2032 (USD Billion)
12. Global geothermal heat pumps  market for commercial, 2024 – 2032 (USD Billion)
13. Global geothermal heat pumps  market value share, by region, 2024 – 2032
14. North America geothermal heat pumps  market, 2024 – 2032, (USD Billion)
15. U.S. geothermal heat pumps  market, 2024 – 2032, (USD Billion)
16. Europe geothermal heat pumps  market, 2024 – 2032, (USD Billion)
17. UK geothermal heat pumps  market, 2024 – 2032, (USD Billion)
18. France geothermal heat pumps  market, 2024 – 2032, (USD Billion)
19. Germany geothermal heat pumps  market, 2024 – 2032, (USD Billion)
20. Asia Pacific geothermal heat pumps  market, 2024 – 2032, (USD Billion)
21. China geothermal heat pumps  market, 2024 – 2032, (USD Billion)
22. Japan geothermal heat pumps  market, 2024 – 2032, (USD Billion)
23. India geothermal heat pumps  market, 2024 – 2032, (USD Billion)
24. Latin America geothermal heat pumps  market, 2024 – 2032 , (USD Billion)
25. Brazil geothermal heat pumps  market, 2024 – 2032, (USD Billion)
26. The Middle East & Africa geothermal heat pumps  market, 2024 – 2032, (USD Billion)


Table Of Tables

List of Tables

1. Global geothermal heat pumps  market snapshot
2. Drivers for geothermal heat pumps  market: Impact analysis
3. Restraints of geothermal heat pumps  market: Impact analysis
4. North America geothermal heat pumps  market revenue, by technology, 2024 – 2032 (USD Billion)
5. North America geothermal heat pumps  market revenue, by end-user, 2024 – 2032 (USD Billion)
6. U.S. geothermal heat pumps  market revenue, by technology, 2024 – 2032 (USD Billion)
7. U.S. geothermal heat pumps  market revenue, by end-user, 2024 – 2032 (USD Billion)
8. Europe geothermal heat pumps  market revenue, by technology, 2024 – 2032 (USD Billion)
9. Europe geothermal heat pumps  market revenue, by end-user, 2024 – 2032 (USD Billion)
10. UK geothermal heat pumps  market revenue, by technology, 2024 – 2032 (USD Billion)
11. UK geothermal heat pumps  market revenue, by end-user, 2024 – 2032 (USD Billion)
12. France geothermal heat pumps  market revenue, by technology, 2024 – 2032 (USD Billion)
13. France geothermal heat pumps  market revenue, by end-user, 2024 – 2032 (USD Billion)
14. Germany geothermal heat pumps  market revenue, by technology, 2024 – 2032 (USD Billion)
15. Germany geothermal heat pumps  market revenue, by end-user, 2024 – 2032 (USD Billion)
16. Asia Pacific geothermal heat pumps  market revenue, by technology, 2024 – 2032 (USD Billion)
17. Asia Pacific geothermal heat pumps  market revenue, by end-user, 2024 – 2032 (USD Billion)
18. China geothermal heat pumps  market revenue, by technology, 2024 – 2032 (USD Billion)
19. China geothermal heat pumps  market revenue, by end-user, 2024 – 2032 (USD Billion)
20. Japan geothermal heat pumps  market revenue, by technology, 2024 – 2032 (USD Billion)
21. Japan geothermal heat pumps  market revenue, by end-user, 2024 – 2032 (USD Billion)
22. India geothermal heat pumps  market revenue, by technology, 2024 – 2032 (USD Billion)
23. India geothermal heat pumps  market revenue, by end-user, 2024 – 2032 (USD Billion)
24. Latin America geothermal heat pumps  market revenue, by technology, 2024 – 2032 (USD Billion)
25. Latin America geothermal heat pumps  market revenue, by end-user, 2024 – 2032 (USD Billion)
26. Brazil geothermal heat pumps  market revenue, by technology, 2024 – 2032 (USD Billion)
27. Brazil geothermal heat pumps  market revenue, by end-user, 2024 – 2032 (USD Billion)
28. Middle East & Africa geothermal heat pumps  market revenue, by technology, 2024 – 2032 (USD Billion)
29. The Middle East & Africa geothermal heat pumps  market revenue, by end-user, 2024 – 2032 (USD Billion)

Methodology

FrequentlyAsked Questions

Geothermal heat pumps are used are used as central cooling and heating systems for the heat transfer to or from the ground.

According to study, the global Geothermal Heat Pumps market size was worth around USD 12.04 billion in 2023 and is predicted to grow to around USD 19.74 billion by 2032.

The CAGR value of Geothermal Heat Pumps market is expected to be around 5.65% during 2024-2032.
 

Europe has been leading the global Geothermal Heat Pumps market and is anticipated to continue on the dominant position in the years to come.

The global Geothermal Heat Pumps market is led by players like Altarock Energy Inc., Climatemaster Inc., Baker Hughes Inc., Alstom SA, Calpine Corp., Exorka GmbH., Florida Heat Pumps., Geoglobal Energy Llc., Contact Energy Ltd., and Geodynamics Ltd.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

twitter

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed