Global Geothermal Heat Pump Market Size & Outlook
Global geothermal heat pump market, 2016-2027 (US$M)
Related Markets
Global geothermal heat pump market highlights
- The global geothermal heat pump market generated a revenue of USD 9,439.3 million in 2019 and is expected to reach USD 16,407.0 million by 2027.
- The market is expected to grow at a CAGR (2020 - 2027) of 7.2% by 2027.
- In terms of segment, closed loop accounted for a revenue of USD 8,023.8 million in 2019.
- Closed Loop is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2019.
- Country-wise, Mexico is expected to register the highest CAGR from 2020 to 2027.
Global data book summary
| Market revenue in 2019 | USD 9,439.3 million |
| Market revenue in 2027 | USD 16,407.0 million |
| Growth rate | 7.2% (CAGR from 2019 to 2027) |
| Largest segment | Closed loop |
| Fastest growing segment | Closed Loop |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Closed Loop, Open Loop |
Other key industry trends
- In terms of revenue, the North America accounted for 26.1% of the global geothermal heat pump market in 2019.
- By country, the China is projected to lead the global market in terms of revenue in 2027.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 73.8 million by 2027.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Geothermal Heat Pump Market Scope
Geothermal Heat Pump Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global geothermal heat pump market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to geothermal heat pump market will help companies and investors design strategic landscapes.
Closed loop was the largest segment with a revenue share of 85% in 2019. Horizon Databook has segmented the Global geothermal heat pump market based on closed loop, open loop covering the revenue growth of each sub-segment from 2016 to 2027.
- Global Geothermal Heat Pump Type Outlook (Revenue, USD Million, 2016-2027)
- Closed Loop
- Horizontal
- Vertical
- Open Loop
- Closed Loop
- Global Geothermal Heat Pump Application Outlook (Revenue, USD Million, 2016-2027)
- Residential
- Commercial
- Industrial
Reasons to subscribe to Global geothermal heat pump market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global geothermal heat pump market databook
-
Our clientele includes a mix of geothermal heat pump market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global geothermal heat pump market , including forecasts for subscribers. This global databook contains high-level insights into Global geothermal heat pump market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
Global geothermal heat pump market size, by regions, 2016-2027 (US$M)
Top 10 countries: Geothermal heat pump market size, 2019 (US$M)
Global geothermal heat pump market share, by type, 2019 & 2027 (%, US$M)
Geothermal heat pump market: Opportunity assessment by country
Global geothermal heat pump market, by region, 2019 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
