Canada Geothermal Heat Pump Market Size & Outlook
Canada geothermal heat pump market, 2016-2027 (US$M)
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Canada geothermal heat pump market highlights
- The Canada geothermal heat pump market generated a revenue of USD 244.5 million in 2019 and is expected to reach USD 406.9 million by 2027.
- The Canada market is expected to grow at a CAGR of 6.6% 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.
Geothermal heat pump market data book summary
| Market revenue in 2019 | USD 244.5 million |
| Market revenue in 2027 | USD 406.9 million |
| Growth rate | 6.6% (CAGR from 2019 to 2027) |
| Largest segment | Closed loop |
| Fastest growing segment | Closed Loop |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Closed Loop, Open Loop |
| Key market players worldwide | Ingersoll 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, Canada accounted for 2.6% of the global geothermal heat pump market in 2019.
- Country-wise, China is expected to lead the global market in terms of revenue in 2027.
- In North America, U.S. geothermal heat pump market is projected to lead the regional market in terms of revenue in 2027.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 3,670.2 million by 2027.
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Geothermal Heat Pump Market Scope
Geothermal Heat Pump Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 84.25% in 2019. Horizon Databook has segmented the Canada 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 country-level data and insights on the Canada geothermal heat pump market , including forecasts for subscribers. This country databook contains high-level insights into Canada geothermal heat pump market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Canada geothermal heat pump market size, by type, 2016-2027 (US$M)
Canada Geothermal Heat Pump Market Outlook Share, 2019 & 2027 (US$M)
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