Latin America Geothermal Heat Pump Market Size & Outlook
The geothermal heat pump market in Latin America is expected to reach a projected revenue of US$ 390.5 million by 2027. A compound annual growth rate of 6.6% is expected of Latin America geothermal heat pump market from 2020 to 2027.
Revenue, 2019 (US$M)
$234.1
Forecast, 2027 (US$M)
$390.5
CAGR, 2020 - 2027
6.6%
Report Coverage
Latin America
Latin America geothermal heat pump market, 2016-2027 (US$M)
Related Markets
Latin America geothermal heat pump market highlights
- The Latin America geothermal heat pump market generated a revenue of USD 234.1 million in 2019.
- The 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.
- Country-wise, Chile is expected to register the highest CAGR from 2020 to 2027.
Latin America data book summary
| Market revenue in 2019 | USD 234.1 million |
| Market revenue in 2027 | USD 390.5 million |
| Growth rate | 6.6% (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 |
| 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, Latin America region accounted for 2.5% 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
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 85.39% in 2019. Horizon Databook has segmented the Latin America geothermal heat pump market based on closed loop, open loop covering the revenue growth of each sub-segment from 2016 to 2027.
- Latin America Geothermal Heat Pump Type Outlook (Revenue, USD Million, 2016-2027)
- Closed Loop
- Horizontal
- Vertical
- Open Loop
- Closed Loop
- Latin America Geothermal Heat Pump Application Outlook (Revenue, USD Million, 2016-2027)
- Residential
- Commercial
- Industrial
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America geothermal heat pump market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America geothermal heat pump market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America geothermal heat pump market size, by country, 2016-2027 (US$M)
Latin America Geothermal Heat Pump Market Outlook Share, 2019 & 2027 (US$M)
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