North America Geothermal Heat Pump Market Size & Outlook
North America geothermal heat pump market, 2016-2027 (US$M)
Related Markets
North America geothermal heat pump market highlights
- The North America geothermal heat pump market generated a revenue of USD 2,466.5 million in 2019.
- The market is expected to grow at a CAGR of 6.7% 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, U.S. is expected to register the highest CAGR from 2020 to 2027.
North America data book summary
| Market revenue in 2019 | USD 2,466.5 million |
| Market revenue in 2027 | USD 4,151.0 million |
| Growth rate | 6.7% (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, North America region accounted for 26.1% 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.
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 |
|---|
North 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 84.95% in 2019. Horizon Databook has segmented the North America geothermal heat pump market based on closed loop, open loop covering the revenue growth of each sub-segment from 2016 to 2027.
Reasons to subscribe to North America 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 North America 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 continent-level data and insights on the North America geothermal heat pump market , including forecasts for subscribers. This continent databook contains high-level insights into North America geothermal heat pump market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
North America geothermal heat pump market size, by country, 2016-2027 (US$M)
North America Geothermal Heat Pump Market Outlook Share, 2019 & 2027 (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
