Global Geothermal Heat Pump Market was valued US$ 70.86 Bn in 2019 and is expected to reach US$ 215.01Bn by 2027, at a CAGR of around 13.13% during a forecast period. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology:-Request Free Sample Report
Global Geothermal Heat Pump Market Dynamics:
Global geothermal heat pumps market is anticipated to witness significant growth on account of increasing demand for cost-effective energy solutions as a direct result of increasing conventional fuel prices. Flexible seasonality of geothermal heat pumps, which enables heating or cooling inverse to external conditions in residential, industrial and other applications is projected to be a major factor driving growth of the market. Favorable environmental regulations such as Greenhouse Gas (GHG) Emission Reduction Regulation encourage use of renewable energy resources in order to condense depletion of fossil fuels and carbon emissions. These regulations are also estimated to complement geothermal heat pumps market growth. Higher efficiency than air source pumps and lesser noise generation than conventional pumps are projected to serve as factors for the growth of geothermal heat pumps market. Low maintenance costs and full automation of geothermal heat pumps is also anticipated to contribute towards global market growth over the forecast period. However, high installation costs and faulty installations are the major restraints in this market. The external conditions should be systematically examined before installation to achieve optimal efficiency. Operational difficulties are posing as a major threat to the market growth. According to applications, the commercial sector is anticipated to become the most prominent segment over the forecast period. The widespread demand for geothermal heat pumps installations among commercial end-users is driven by the demand for benefits of an incremental energy saving over the years. Several Mergers and acquisitions, and collaborations has been witnessed in the marketplace, with an aim to enhance customer portfolio and expand global footprint in global geothermal heat pumps market.Global Geothermal Heat Pump Market Regional Insights:
Geographically, highest growth has been witnessed in the North American countries of U.S. and Canada where demand for renewable energy resources is increasing exponentially. Developed markets for geothermal heat pumps in Europe include Germany, Sweden, France and Switzerland. The newly introduced Renewable Heat Incentive (RHI) scheme in the UK is also likely to positively impact European geothermal heat pumps market growth. Rising requirement for geothermal heat pumps replacement in China is anticipated to drive Asia Pacific market growth. Rising geothermal capacity and stable demand for retro-fitted geothermal heat pumps are likely to further strengthen Asia Pacific market growth over the forecast period. This report will help to decision maker and it analyzes the market for geothermal heat pumps with taking into considerations the major drivers, restraints, opportunities, burning issues, and winning necessities in the geothermal heat pumps market. Also, the report provides analysis of the competitive landscape with respect to geothermal heat pumps manufacturers. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global geothermal heat pump market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global geothermal heat pump market.Global Geothermal Heat Pump Market, Key Highlights:
• Global Geothermal Heat Pump Market analysis and forecast, in terms of value. • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Geothermal Heat Pump Market • Global Geothermal Heat Pump Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. • Global Geothermal Heat Pump Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. • Global Geothermal Heat Pump Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. • Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. • Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Geothermal Heat Pump Market are also profiled. The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.Scope of Global Geothermal Heat Pump Market: Inquire before buying
Global Geothermal Heat Pump Market, By Technology
• Open Loop Systems • Closed Loop SystemsGlobal Geothermal Heat Pump Market, By End-User
• Residential • CommercialGlobal Geothermal Heat Pump Market, By Region
• North America • Europe • Asia Pacific • Middle East & Africa • South AmericaGlobal Geothermal Heat Pump Market Key Player
• Bryant Heating and Cooling Systems • Climatemaster Inc. • Danfoss Heat Pumps U.K. Ltd. • Dimplex Ltd. • Enertech Global LLC • Finn Geotherm U.K. Ltd • Florida Heat Pump Manufacturing • GeoMaster LLC • Kensa Heat Pumps Ltd. • WaterFurnace International Inc. • Carrier Corporation • NIBE Industrier AB • Bard Manufacturing Company • Daikin McQuay • Hydro-Temp Corp. Inc. • Mammoth Inc. • Stiebel Eltron • Ingersoll Rand (Trane) • Vaillant Group • Viessmann
To know about the Research Methodology:Table of Content
1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary : Global Geothermal Heat Pump Market, by Market Value (US$ Bn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends in Global Geothermal Heat Pump Market 5. Supply Side and Demand Side Indicators 6. Global Geothermal Heat Pump Market Analysis and Forecast 6.1. Global Geothermal Heat Pump Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Geothermal Heat Pump Market Analysis and Forecast, by Technology 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Geothermal Heat Pump Market Value Share Analysis, by Technology 7.4. Global Geothermal Heat Pump Market Size (US$ Bn) Forecast, by Technology 7.5. Global Geothermal Heat Pump Market Analysis, by Technology 7.6. Global Geothermal Heat Pump Market Attractiveness Analysis, by Technology 8. Global Geothermal Heat Pump Market Analysis and Forecast, by End-User 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Geothermal Heat Pump Market Value Share Analysis, by End-User 8.4. Global Geothermal Heat Pump Market Size (US$ Bn) Forecast, by End-User 8.5. Global Geothermal Heat Pump Market Analysis, by End-User 8.6. Global Geothermal Heat Pump Market Attractiveness Analysis, by End-User 9. Global Geothermal Heat Pump Market Analysis, by Region 9.1. Global Geothermal Heat Pump Market Value Share Analysis, by Region 9.2. Global Geothermal Heat Pump Market Size (US$ Bn) Forecast, by Region 9.3. Global Geothermal Heat Pump Market Attractiveness Analysis, by Region 10. North America Geothermal Heat Pump Market Analysis 10.1. Key Findings 10.2. North America Geothermal Heat Pump Market Overview 10.3. North America Geothermal Heat Pump Market Value Share Analysis, by Technology 10.4. North America Geothermal Heat Pump Market Forecast, by Technology 10.4.1. Open Loop Systems 10.4.2. Closed Loop Systems 10.5. North America Geothermal Heat Pump Market Value Share Analysis, by End-User 10.6. North America Geothermal Heat Pump Market Forecast, by End-User 10.6.1. Residential 10.6.2. Commercial 10.7. North America Geothermal Heat Pump Market Value Share Analysis, by Country 10.8. North America Geothermal Heat Pump Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Geothermal Heat Pump Market Analysis, by Country 10.10. U.S. Geothermal Heat Pump Market Forecast, by Technology 10.10.1. Open Loop Systems 10.10.2. Closed Loop Systems 10.11. U.S. Geothermal Heat Pump Market Forecast, by End-User 10.11.1. Residential 10.11.2. Commercial 10.12. Canada Geothermal Heat Pump Market Forecast, by Technology 10.12.1. Open Loop Systems 10.12.2. Closed Loop Systems 10.13. Canada Geothermal Heat Pump Market Forecast, by End-User 10.13.1. Residential 10.13.2. Commercial 10.14. North America Geothermal Heat Pump Market Attractiveness Analysis 10.14.1. By Technology 10.14.2. By End-User 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Development 11. Europe Geothermal Heat Pump Market Analysis 11.1. Key Findings 11.2. Europe Geothermal Heat Pump Market Overview 11.3. Europe Geothermal Heat Pump Market Value Share Analysis, by Technology 11.4. Europe Geothermal Heat Pump Market Forecast, by Technology 11.4.1. Open Loop Systems 11.4.2. Closed Loop Systems 11.5. Europe Geothermal Heat Pump Market Value Share Analysis, by End-User 11.6. Europe Geothermal Heat Pump Market Forecast, by End-User 11.6.1. Residential 11.6.2. Commercial 11.7. Europe Geothermal Heat Pump Market Value Share Analysis, by Country 11.8. Europe Geothermal Heat Pump Market Forecast, by Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Rest of Europe 11.9. Europe Geothermal Heat Pump Market Analysis, by Country 11.10. Germany Geothermal Heat Pump Market Forecast, by Technology 11.10.1. Open Loop Systems 11.10.2. Closed Loop Systems 11.11. Germany Geothermal Heat Pump Market Forecast, by End-User 11.11.1. Residential 11.11.2. Commercial 11.12. U.K. Geothermal Heat Pump Market Forecast, by Technology 11.12.1. Open Loop Systems 11.12.2. Closed Loop Systems 11.13. U.K. Geothermal Heat Pump Market Forecast, by End-User 11.13.1. Residential 11.13.2. Commercial 11.14. France Geothermal Heat Pump Market Forecast, by Technology 11.14.1. Open Loop Systems 11.14.2. Closed Loop Systems 11.15. France Geothermal Heat Pump Market Forecast, by End-User 11.15.1. Residential 11.15.2. Commercial 11.16. Italy Geothermal Heat Pump Market Forecast, by Technology 11.16.1. Open Loop Systems 11.16.2. Closed Loop Systems 11.17. Italy Geothermal Heat Pump Market Forecast, by End-User 11.17.1. Residential 11.17.2. Commercial 11.18. Spain Geothermal Heat Pump Market Forecast, by Technology 11.18.1. Open Loop Systems 11.18.2. Closed Loop Systems 11.19. Spain Geothermal Heat Pump Market Forecast, by End-User 11.19.1. Residential 11.19.2. Commercial 11.20. Rest of Europe Geothermal Heat Pump Market Forecast, by Technology 11.20.1. Open Loop Systems 11.20.2. Closed Loop Systems 11.21. Rest of Europe Geothermal Heat Pump Market Forecast, by End-User 11.21.1. Residential 11.21.2. Commercial 11.22. Europe Geothermal Heat Pump Market Attractiveness Analysis 11.22.1. By Technology 11.22.2. By End-User 11.23. PEST Analysis 11.24. Key Trends 11.25. Key Development 12. Asia Pacific Geothermal Heat Pump Market Analysis 12.1. Key Findings 12.2. Asia Pacific Geothermal Heat Pump Market Overview 12.3. Asia Pacific Geothermal Heat Pump Market Value Share Analysis, by Technology 12.4. Asia Pacific Geothermal Heat Pump Market Forecast, by Technology 12.4.1. Open Loop Systems 12.4.2. Closed Loop Systems 12.5. Asia Pacific Geothermal Heat Pump Market Value Share Analysis, by End-User 12.6. Asia Pacific Geothermal Heat Pump Market Forecast, by End-User 12.6.1. Residential 12.6.2. Commercial 12.7. Asia Pacific Geothermal Heat Pump Market Value Share Analysis, by Country 12.8. Asia Pacific Geothermal Heat Pump Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. ASEAN 12.8.5. Rest of Asia Pacific 12.9. Asia Pacific Geothermal Heat Pump Market Analysis, by Country 12.10. China Geothermal Heat Pump Market Forecast, by Technology 12.10.1. Open Loop Systems 12.10.2. Closed Loop Systems 12.11. China Geothermal Heat Pump Market Forecast, by End-User 12.11.1. Residential 12.11.2. Commercial 12.12. India Geothermal Heat Pump Market Forecast, by Technology 12.12.1. Open Loop Systems 12.12.2. Closed Loop Systems 12.13. India Geothermal Heat Pump Market Forecast, by End-User 12.13.1. Residential 12.13.2. Commercial 12.14. Japan Geothermal Heat Pump Market Forecast, by Technology 12.14.1. Open Loop Systems 12.14.2. Closed Loop Systems 12.15. Japan Geothermal Heat Pump Market Forecast, by End-User 12.15.1. Residential 12.15.2. Commercial 12.16. ASEAN Geothermal Heat Pump Market Forecast, by Technology 12.16.1. Open Loop Systems 12.16.2. Closed Loop Systems 12.17. ASEAN Geothermal Heat Pump Market Forecast, by End-User 12.17.1. Residential 12.17.2. Commercial 12.18. Rest of Asia Pacific Geothermal Heat Pump Market Forecast, by Technology 12.18.1. Open Loop Systems 12.18.2. Closed Loop Systems 12.19. Rest of Asia Pacific Geothermal Heat Pump Market Forecast, by End-User 12.19.1. Residential 12.19.2. Commercial 12.20. Asia Pacific Geothermal Heat Pump Market Attractiveness Analysis 12.20.1. By Technology 12.20.2. By End-User 12.21. PEST Analysis 12.22. Key Trends 12.23. Key Development 13. Middle East & Africa Geothermal Heat Pump Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Geothermal Heat Pump Market Overview 13.3. Middle East & Africa Geothermal Heat Pump Market Value Share Analysis, by Technology 13.4. Middle East & Africa Geothermal Heat Pump Market Forecast, by Technology 13.4.1. Open Loop Systems 13.4.2. Closed Loop Systems 13.5. Middle East & Africa Geothermal Heat Pump Market Value Share Analysis, by End-User 13.6. Middle East & Africa Geothermal Heat Pump Market Forecast, by End-User 13.6.1. Residential 13.6.2. Commercial 13.7. Middle East & Africa Geothermal Heat Pump Market Value Share Analysis, by Country 13.8. Middle East & Africa Geothermal Heat Pump Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa Geothermal Heat Pump Market Analysis, by Country 13.10. GCC Geothermal Heat Pump Market Forecast, by Technology 13.10.1. Open Loop Systems 13.10.2. Closed Loop Systems 13.11. GCC Geothermal Heat Pump Market Forecast, by End-User 13.11.1. Residential 13.11.2. Commercial 13.12. South Africa Geothermal Heat Pump Market Forecast, by Technology 13.12.1. Open Loop Systems 13.12.2. Closed Loop Systems 13.13. South Africa Geothermal Heat Pump Market Forecast, by End-User 13.13.1. Residential 13.13.2. Commercial 13.14. Rest of Middle East & Africa Geothermal Heat Pump Market Forecast, by Technology 13.14.1. Open Loop Systems 13.14.2. Closed Loop Systems 13.15. Rest of Middle East & Africa Geothermal Heat Pump Market Forecast, by End-User 13.15.1. Residential 13.15.2. Commercial 13.16. Middle East & Africa Geothermal Heat Pump Market Attractiveness Analysis 13.16.1. By Technology 13.16.2. By End-User 13.17. PEST Analysis 13.18. Key Trends 13.19. Key Development 14. South America Geothermal Heat Pump Market Analysis 14.1. Key Findings 14.2. South America Geothermal Heat Pump Market Overview 14.3. South America Geothermal Heat Pump Market Value Share Analysis, by Technology 14.4. South America Geothermal Heat Pump Market Forecast, by Technology 14.4.1. Open Loop Systems 14.4.2. Closed Loop Systems 14.5. South America Geothermal Heat Pump Market Value Share Analysis, by End-User 14.6. South America Geothermal Heat Pump Market Forecast, by End-User 14.6.1. Residential 14.6.2. Commercial 14.7. South America Geothermal Heat Pump Market Value Share Analysis, by Country 14.8. South America Geothermal Heat Pump Market Forecast, by Country 14.8.1. Brazil 14.8.2. Mexico 14.8.3. Rest of South America 14.9. South America Geothermal Heat Pump Market Analysis, by Country 14.10. Brazil Geothermal Heat Pump Market Forecast, by Technology 14.10.1. Open Loop Systems 14.10.2. Closed Loop Systems 14.11. Brazil Geothermal Heat Pump Market Forecast, by End-User 14.11.1. Residential 14.11.2. Commercial 14.12. Mexico Geothermal Heat Pump Market Forecast, by Technology 14.12.1. Open Loop Systems 14.12.2. Closed Loop Systems 14.13. Mexico Geothermal Heat Pump Market Forecast, by End-User 14.13.1. Residential 14.13.2. Commercial 14.14. Rest of South America Geothermal Heat Pump Market Forecast, by Technology 14.14.1. Open Loop Systems 14.14.2. Closed Loop Systems 14.15. Rest of South America Geothermal Heat Pump Market Forecast, by End-User 14.15.1. Residential 14.15.2. Commercial 14.16. South America Geothermal Heat Pump Market Attractiveness Analysis 14.16.1. By Technology 14.16.2. By End-User 14.17. PEST Analysis 14.18. Key Trends 14.19. Key Development 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A by Regions, Investment and Applications 15.2.3.2. M&A Key Players, Forward Integration and Backward 15.2.3.3. Integration 15.3. Company Profiles: Key Players 15.3.1. Bryant Heating and Cooling Systems 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Company Footprint 15.3.2. Climatemaster Inc. 15.3.3. Danfoss Heat Pumps U.K. Ltd. 15.3.4. Dimplex Ltd. 15.3.5. Enertech Global LLC 15.3.6. Finn Geotherm U.K. Ltd 15.3.7. Florida Heat Pump Manufacturing 15.3.8. GeoMaster LLC 15.3.9. Kensa Heat Pumps Ltd. 15.3.10. Water Furnace International Inc. 15.3.11. Carrier Corporation 15.3.12. NIBE Industrier AB 15.3.13. Bard Manufacturing Company 15.3.14. Daikin McQuay 15.3.15. Hydro-Temp Corp. Inc. 15.3.16. Mammoth Inc. 15.3.17. Stiebel Eltron 15.3.18. Ingersoll Rand (Trane) 15.3.19. Vaillant Group 15.3.20. Viessmann 16. Primary Key Insights