Asia Pacific Geothermal Heat Pump Market Size & Outlook

The geothermal heat pump market in Asia Pacific is expected to reach a projected revenue of US$ 6,324.9 million by 2027. A compound annual growth rate of 7.7% is expected of Asia Pacific geothermal heat pump market from 2020 to 2027.
Revenue, 2019 (US$M)
$3,503.9
Forecast, 2027 (US$M)
$6,324.9
CAGR, 2020 - 2027
7.7%
Report Coverage
Asia Pacific

Asia Pacific geothermal heat pump market highlights

  • The Asia Pacific geothermal heat pump market generated a revenue of USD 3,503.9 million in 2019.
  • The market is expected to grow at a CAGR of 7.7% from 2020 to 2027.
  • In terms of segment, closed loop was the largest revenue generating type in 2019.
  • Closed Loop is the most lucrative type segment registering the fastest growth during the forecast period.
  • Country-wise, Japan is expected to register the highest CAGR from 2020 to 2027.


Asia Pacific data book summary

Market revenue in 2019USD 3,503.9 million
Market revenue in 2027USD 6,324.9 million
Growth rate7.7% (CAGR from 2019 to 2027)
Largest segmentClosed loop
Fastest growing segmentClosed Loop
Historical data covered2016 - 2018
Base year for estimation2019
Forecast period covered2020 - 2027
Quantitative unitsRevenue in USD million
Market segmentationClosed Loop, Open Loop
Key market players worldwideIngersoll Rand Inc, Daikin Industries Ltd, NIBE Industrier AB ADR, Carrier Global Corp Ordinary Shares, Spectrum Brands Holdings Inc, Stiebel Eltron, Vaillant Group, Viessmann, ClimateMaster, Bard Manufacturing Company, Ochsner Health System, Maritime Geothermal, Robert Bosch Engineering & Business Solutions, Dandelion Energy


Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 37.1% of the global geothermal heat pump market in 2019.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 6,324.9 million by 2027.

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Geothermal Heat Pump Market Scope

Geothermal heat pump market segmentation & scope

Geothermal Heat Pump Market Companies

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Asia Pacific 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 85.12% in 2019. Horizon Databook has segmented the Asia Pacific geothermal heat pump market based on closed loop, open loop covering the revenue growth of each sub-segment from 2016 to 2027.


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  • Our clientele includes a mix of geothermal heat pump market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific geothermal heat pump market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific geothermal heat pump market from 2016 to 2027, including revenue numbers, major trends, and company profiles.

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Asia Pacific geothermal heat pump market size, by country, 2016-2027 (US$M)

Asia Pacific Geothermal Heat Pump Market Outlook Share, 2019 & 2027 (US$M)

Asia Pacific geothermal heat pump market size, by country, 2016-2027 (US$M)

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