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Geothermal Heat Pumps Market Size, Share & Trends Analysis Report By Type (Open Loop, Closed Loop), By Application (Residential, Commercial, Industrial), By Region, And Segment Forecasts, 2020 - 2027

August 2020 | 125 pages | ID: G23B0C86491BEN
Grand View Research, Inc.

US$ 5,950.00

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Geothermal Heat Pump Market Growth & Trends
The global geothermal heat pumps market size is expected to reach USD 16.4 billion by 2027 registering a CAGR of 7.2%, according to a new report by Grand View Research, Inc. The growth can be attributed to the rising need for renewable energy sources coupled with extensive government support, in terms of incentives, subsidies, and other monetary benefits. The growth of the construction and housing industry for the single and multi-unit dwelling is anticipated to drive the demand for geothermal heat pumps (GHPs) during the forecast period.

Rising spending in the hospitality and commercial sectors has led to the increasing demand for efficient buildings & establishments driving the demand for GHP. Growing demand for energy-efficient heating products in Europe, North America, and Asia Pacific are expected to boost market growth. Moreover, increased income levels, rapid urbanization, and climatic changes across the globe are expected to trigger the product demand in the coming years.

Geothermal Heat Pump Market Report Highlights
  • Closed-loop type segment accounted for the largest share of 85% of the global GHP market in 2019 on account of high demand for these systems due to their enhanced equipment life and efficiency along with low maintenance costs
  • Commercial application segment is anticipated to register the fastest CAGR of 7.4% over the forecast period on account of growing emphasis on highly energy-efficient and sustainable solutions for space heating and cooling in commercial establishments
  • Asia Pacific is anticipated to be the largest and fastest-growing regional market from 2020 to 2027 due to growing construction sector in developing countries like China & India
  • Europe is projected to witness robust growth over the forecast period owing to the high demand for energy-efficient heating products and favorable government policies regarding reducing the energy consumption in the region
  • Key companies follow various initiatives, such as technology innovations, research & development, and merger & acquisitions, to strengthen their market position
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
  1.3.1. Purchased Database
  1.3.2. GVR’s Internal Database
  1.3.3. Secondary Sources & Third-Party Perspectives
  1.3.4. Primary Research
1.4. Information Analysis
  1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights

CHAPTER 3. MARKET VARIABLES, TRENDS, AND SCOPE

3.1. Penetration & Growth Prospect Mapping
3.2. Industry Value Chain Analysis
3.3. Regulatory Framework
3.4. Technology Framework
3.5. Geothermal Heat Pump Market - Market Dynamics
  3.5.1. Market Driver Analysis
  3.5.2. Market Restraint Analysis
  3.5.3. Industry Challenges
3.6. Business Environmental Tools Analysis: Geothermal Heat Pump Market
  3.6.1. Porter’s Five Forces Analysis
    3.6.1.1. Bargaining Power of Suppliers
    3.6.1.2. Bargaining Power of Buyers
    3.6.1.3. Threat of Substitution
    3.6.1.4. Threat of New Entrants
    3.6.1.5. Competitive Rivalry
  3.6.2. PESTLE Analysis
    3.6.2.1. Political Landscape
    3.6.2.2. Economic Landscape
    3.6.2.3. Social Landscape
    3.6.2.4. Technology Landscape
    3.6.2.5. Environmental Landscape
    3.6.2.6. Legal Landscape
  3.6.3. Major Deals & Strategic Alliances Analysis
    3.6.3.1. Mergers & Acquisition
    3.6.3.2. Joint Venture

CHAPTER 4. IMPACT OF COVID-19 ON GEOTHERMAL HEAT PUMP MARKET

CHAPTER 5. GEOTHERMAL HEAT PUMP MARKET: TYPE ESTIMATES & TREND ANALYSIS

5.1. Geothermal Heat Pump Market: Type Movement Analysis, 2019 & 2027
5.2. Closed Loop
  5.2.1. Market estimates and forecasts, 2016 - 2027 (USD Billion)
  5.2.2. Horizontal
    5.2.2.1. Market estimates and forecasts, 2016 - 2027 (USD Billion)
  5.2.3. Vertical
    5.2.3.1. Market estimates and forecasts, 2016 - 2027 (USD Billion)
5.3. Open Loop
  5.3.1. Market estimates and forecasts, 2016 - 2027 (USD Billion)

CHAPTER 6. GEOTHERMAL HEAT PUMP MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

6.1. Geothermal Heat Pump Market: Application Movement Analysis, 2019 & 2027
6.2. Residential
  6.2.1. Market estimates and forecasts, 2016 - 2027 (USD Billion)
6.3. Commercial
  6.3.1. Market estimates and forecasts, 2016 - 2027 (USD Billion)
6.4. Industrial
  6.4.1. Market estimates and forecasts, 2016 - 2027 (USD Billion)

CHAPTER 7. GEOTHERMAL HEAT PUMP MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

7.1. Regional Movement Analysis & Market Share, 2019 & 2027
7.2. Geothermal Heat Pump Market: Regional movement analysis, 2019 & 2027
7.3. North America
  7.3.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
  7.3.2. Market estimates and forecasts, by type, 2016 - 2027 (USD Million)
  7.3.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
  7.3.4. The U.S.
    7.3.4.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
    7.3.4.2. Market estimates and forecasts, by type, 2016 - 2027 (USD Million)
    7.3.4.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
  7.3.5. Canada
    7.3.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
    7.3.5.2. Market estimates and forecasts, by type, 2016 - 2027 (USD Million)
    7.3.5.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
  7.3.6. Mexico
    7.3.6.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
    7.3.6.2. Market estimates and forecasts, by type, 2016 - 2027 (USD Million)
    7.3.6.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
7.4. Europe
  7.4.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
  7.4.2. Market estimates and forecasts, by type, 2016 - 2027 (USD Million)
  7.4.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
  7.4.4. Germany
    7.4.4.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
    7.4.4.2. Market estimates and forecasts, by type, 2016 - 2027 (USD Million)
    7.4.4.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
  7.4.5. France
    7.4.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
    7.4.5.2. Market estimates and forecasts, by type, 2016 - 2027 (USD Million)
    7.4.5.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
  7.4.6. Italy
    7.4.6.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
    7.4.6.2. Market estimates and forecasts, by type, 2016 - 2027 (USD Million)
    7.4.6.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
  7.4.7. Sweden
    7.4.7.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
    7.4.7.2. Market estimates and forecasts, by type, 2016 - 2027 (USD Million)
    7.4.7.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
  7.4.8. Finland
    7.4.8.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
    7.4.8.2. Market estimates and forecasts, by type, 2016 - 2027 (USD Million)
    7.4.8.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
  7.4.9. Switzerland
    7.4.9.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
    7.4.9.2. Market estimates and forecasts, by type, 2016 - 2027 (USD Million)
    7.4.9.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
  7.4.10. The Netherlands
    7.4.10.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
    7.4.10.2. Market estimates and forecasts, by type, 2016 - 2027 (USD Million)
    7.4.10.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
7.5. Asia Pacific
  7.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
  7.5.2. Market estimates and forecasts, by type, 2016 - 2027 (USD Million)
  7.5.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
  7.5.4. China
    7.5.4.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
    7.5.4.2. Market estimates and forecasts, by type, 2016 - 2027 (USD Million)
    7.5.4.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
  7.5.5. Japan
    7.5.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
    7.5.5.2. Market estimates and forecasts, by type, 2016 - 2027 (USD Million)
    7.5.5.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
  7.5.6. South Korea
    7.5.6.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
    7.5.6.2. Market estimates and forecasts, by type, 2016 - 2027 (USD Million)
    7.5.6.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
  7.5.7. Australia
    7.5.7.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
    7.5.7.2. Market estimates and forecasts, by type, 2016 - 2027 (USD Million)
    7.5.7.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
7.6. Central & South America
  7.6.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
  7.6.2. Market estimates and forecasts, by type, 2016 - 2027 (USD Million)
  7.6.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
  7.6.4. Brazil
    7.6.4.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
    7.6.4.2. Market estimates and forecasts, by type, 2016 - 2027 (USD Million)
    7.6.4.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
  7.6.5. Chile
    7.6.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
    7.6.5.2. Market estimates and forecasts, by type, 2016 - 2027 (USD Million)
    7.6.5.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
7.7. Middle East & Africa
  7.7.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
  7.7.2. Market estimates and forecasts, by type, 2016 - 2027 (USD Million)
  7.7.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
  7.7.4. Saudi Arabia
    7.7.4.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
    7.7.4.2. Market estimates and forecasts, by type, 2016 - 2027 (USD Million)
    7.7.4.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
  7.7.5. UAE
    7.7.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
    7.7.5.2. Market estimates and forecasts, by type, 2016 - 2027 (USD Million)
    7.7.5.3. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)

CHAPTER 8. COMPETITIVE LANDSCAPE

8.1. Key Global Players, Their Initiatives, & Its Impact on the Market
8.2. Participant Categorization
8.3. Vendor Landscape
8.4. Company Market Position Analysis
8.5. List Of Key Emerging Companies And Their Geographical Presence

CHAPTER 9. COMPANY PROFILES

9.1. Stiebel Eltron
  9.1.1. Company overview
  9.1.2. Financial performance
  9.1.3. Product benchmarking
  9.1.4. Strategic initiatives
9.2. Ingersoll Rand (Trane)
  9.2.1. Company overview
  9.2.2. Financial performance
  9.2.3. Product benchmarking
  9.2.4. Strategic initiatives
9.3. Vaillant Group
  9.3.1. Company overview
  9.3.2. Financial performance
  9.3.3. Product benchmarking
  9.3.4. Strategic initiatives
9.4. Viessmann
  9.4.1. Company overview
  9.4.2. Financial performance
  9.4.3. Product benchmarking
  9.4.4. Strategic initiatives
9.5. Glen Dimplex
  9.5.1. Company overview
  9.5.2. Financial performance
  9.5.3. Product benchmarking
  9.5.4. Strategic initiatives
9.6. Daikin
  9.6.1. Company overview
  9.6.2. Financial performance
  9.6.3. Product benchmarking
  9.6.4. Strategic initiatives
9.7. NIBE
  9.7.1. Company overview
  9.7.2. Financial performance
  9.7.3. Product benchmarking
  9.7.4. Strategic initiatives
9.8. Carrier
  9.8.1. Company overview
  9.8.2. Financial performance
  9.8.3. Product benchmarking
  9.8.4. Strategic initiatives
9.9. ClimateMaster, Inc
  9.9.1. Company overview
  9.9.2. Financial performance
  9.9.3. Product benchmarking
  9.9.4. Strategic initiatives
9.10. Bard HVAC
  9.10.1. Company overview
  9.10.2. Financial performance
  9.10.3. Product benchmarking
  9.10.4. Strategic initiatives
9.11. Spectrum Manufacturing
  9.11.1. Company overview
  9.11.2. Financial performance
  9.11.3. Product benchmarking
  9.11.4. Strategic initiatives
9.12. Dandelion
  9.12.1. Company overview
  9.12.2. Financial performance
  9.12.3. Product benchmarking
  9.12.4. Strategic initiatives
9.13. Robert Bosch LLC
  9.13.1. Company overview
  9.13.2. Financial performance
  9.13.3. Product benchmarking
  9.13.4. Strategic initiatives
9.14. Maritime Geothermal
  9.14.1. Company overview
  9.14.2. Financial performance
  9.14.3. Product benchmarking
  9.14.4. Strategic initiatives
9.15. OCHSNER
  9.15.1. Company overview
  9.15.2. Financial performance
  9.15.3. Product benchmarking
  9.15.4. Strategic initiatives

LIST OF TABLES

1. Closed loop Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Billion)
2. Horizontal Closed Loop Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Billion)
3. Vertical Closed Loop Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Billion)
4. Open Loop Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Billion)
5. Geothermal Heat Pump Estimates And Forecasts For Residential, 2016 - 2027 (USD Billion)
6. Geothermal Heat Pump Estimates And Forecasts For Commercial, 2016 - 2027 (USD Billion)
7. Geothermal Heat Pump Estimates And Forecasts For Industrial, 2016 - 2027 (USD Billion)
8. North America Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Million)
9. North America Geothermal Heat Pump Estimates And Forecasts, By Type, 2016 - 2027 (USD Million)
10. North America Geothermal Heat Pump Estimates And Forecasts, By Application, 2016 - 2027 (USD Million)
11. THE U.S. Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Million)
12. THE U.S. Geothermal Heat Pump Estimates And Forecasts, By Type, 2016 - 2027 (USD Million)
13. THE U.S. Geothermal Heat Pump Estimates And Forecasts, By Application, 2016 - 2027 (USD Million)
14. Canada Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Million)
15. Canada Geothermal Heat Pump Estimates And Forecasts, By Type, 2016 - 2027 (USD Million)
16. Canada Geothermal Heat Pump Estimates And Forecasts, By Application, 2016 - 2027 (USD Million)
17. Mexico Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Million)
18. Mexico Geothermal Heat Pump Estimates And Forecasts, By Type, 2016 - 2027 (USD Million)
19. Mexico Geothermal Heat Pump Estimates And Forecasts, By Application, 2016 - 2027 (USD Million)
20. Europe Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Million)
21. Europe Geothermal Heat Pump Estimates And Forecasts, By Type, 2016 - 2027 (USD Million)
22. Europe Geothermal Heat Pump Estimates And Forecasts, By Application, 2016 - 2027 (USD Million)
23. Germany Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Million)
24. Germany Geothermal Heat Pump Estimates And Forecasts, By Type, 2016 - 2027 (USD Million)
25. Germany Geothermal Heat Pump Estimates And Forecasts, By Application, 2016 - 2027 (USD Million)
26. France Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Million)
27. France Geothermal Heat Pump Estimates And Forecasts, By Type, 2016 - 2027 (USD Million)
28. France Geothermal Heat Pump Estimates And Forecasts, By Application, 2016 - 2027 (USD Million)
29. Italy Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Million)
30. Italy Geothermal Heat Pump Estimates And Forecasts, By Type, 2016 - 2027 (USD Million)
31. Italy Geothermal Heat Pump Estimates And Forecasts, By Application, 2016 - 2027 (USD Million)
32. Sweden Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Million)
33. Sweden Geothermal Heat Pump Estimates And Forecasts, By Type, 2016 - 2027 (USD Million)
34. Sweden Geothermal Heat Pump Estimates And Forecasts, By Application, 2016 - 2027 (USD Million)
35. Finland Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Million)
36. Finland Geothermal Heat Pump Estimates And Forecasts, By Type, 2016 - 2027 (USD Million)
37. Finland Geothermal Heat Pump Estimates And Forecasts, By Application, 2016 - 2027 (USD Million)
38. Switzerland Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Million)
39. Switzerland Geothermal Heat Pump Estimates And Forecasts, By Type, 2016 - 2027 (USD Million)
40. Switzerland Geothermal Heat Pump Estimates And Forecasts, By Application, 2016 - 2027 (USD Million)
41. Netherlands Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Million)
42. Netherlands Geothermal Heat Pump Estimates And Forecasts, By Type, 2016 - 2027 (USD Million)
43. Netherlands Geothermal Heat Pump Estimates And Forecasts, By Application, 2016 - 2027 (USD Million)
44. Asia Pacific Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Million)
45. Asia Pacific Geothermal Heat Pump Estimates And Forecasts, By Type, 2016 - 2027 (USD Million)
46. Asia Pacific Geothermal Heat Pump Estimates And Forecasts, By Application, 2016 - 2027 (USD Million)
47. China Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Million)
48. China Geothermal Heat Pump Estimates And Forecasts, By Type, 2016 - 2027 (USD Million)
49. China Geothermal Heat Pump Estimates And Forecasts, By Application, 2016 - 2027 (USD Million)
50. Japan Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Million)
51. Japan Geothermal Heat Pump Estimates And Forecasts, By Type, 2016 - 2027 (USD Million)
52. Japan Geothermal Heat Pump Estimates And Forecasts, By Application, 2016 - 2027 (USD Million)
53. South Korea Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Million)
54. South Korea Geothermal Heat Pump Estimates And Forecasts, By Type, 2016 - 2027 (USD Million)
55. South Korea Geothermal Heat Pump Estimates And Forecasts, By Application, 2016 - 2027 (USD Million)
56. Australia Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Million)
57. Australia Geothermal Heat Pump Estimates And Forecasts, By Type, 2016 - 2027 (USD Million)
58. Australia Geothermal Heat Pump Estimates And Forecasts, By Application, 2016 - 2027 (USD Million)
59. Central & South America Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Million)
60. Central & South America Geothermal Heat Pump Estimates And Forecasts, By Type, 2016 - 2027 (USD Million)
61. Central & South America Geothermal Heat Pump Estimates And Forecasts, By Application, 2016 - 2027 (USD Million)
62. Brazil Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Million)
63. Brazil Geothermal Heat Pump Estimates And Forecasts, By Type, 2016 - 2027 (USD Million)
64. Brazil Geothermal Heat Pump Estimates And Forecasts, By Application, 2016 - 2027 (USD Million)
65. Chile Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Million)
66. Chile Geothermal Heat Pump Estimates And Forecasts, By Type, 2016 - 2027 (USD Million)
67. Chile Geothermal Heat Pump Estimates And Forecasts, By Application, 2016 - 2027 (USD Million)
68. Middle East & Africa Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Million)
69. Middle East & Africa Geothermal Heat Pump Estimates And Forecasts, By Type, 2016 - 2027 (USD Million)
70. Middle East & Africa Geothermal Heat Pump Estimates And Forecasts, By Application, 2016 - 2027 (USD Million)
71. Saudi Arabia Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Million)
72. Saudi Arabia Geothermal Heat Pump Estimates And Forecasts, By Type, 2016 - 2027 (USD Million)
73. Saudi Arabia Geothermal Heat Pump Estimates And Forecasts, By Application, 2016 - 2027 (USD Million)
74. UAE Geothermal Heat Pump Estimates And Forecasts, 2016 - 2027 (USD Million)
75. UAE Geothermal Heat Pump Estimates And Forecasts, By Type, 2016 - 2027 (USD Million)
76. UAE Geothermal Heat Pump Estimates And Forecasts, By Application, 2016 - 2027 (USD Million)
LIST OF FIGURES

1. Geothermal Heat Pump Market - Market Segmentation & Scope
2. Information Procurement
3. Primary Research Pattern
4. Primary Research Process
5. Primary Research Approaches
6. Geothermal Heat Pump Market - Market Snapshot
7. Geothermal Heat Pump Market - Penetration & Growth Prospect Mapping
8. Geothermal Heat Pump Market - Industry Value Chain Analysis
9. Geothermal Heat Pump Market - Market Dynamics
10. Market Driver Impact Analysis
11. Market Restraint Impact Analysis
12. Geothermal Heat Pump Market: Type Movement Analysis, 2019 & 2027
13. Geothermal Heat Pump Market: Application Movement Analysis, 2019 & 2027
14. Geothermal Heat Pump Market: Regional Snapshot, 2019 & 2027
15. Geothermal Heat Pump Market: Regional Movement Analysis, 2019 & 2027
16. Company Market Positioning
17. Company Dashboard Analysis
18. Strategy Framework


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