Saudi Arabia Geothermal Heat Pump Market Size & Outlook

The geothermal heat pump market in Saudi Arabia is expected to reach a projected revenue of US$ 109.9 million by 2027. A compound annual growth rate of 7.6% is expected of Saudi Arabia geothermal heat pump market from 2020 to 2027.
Revenue, 2019 (US$M)
$61.4
Forecast, 2027 (US$M)
$109.9
CAGR, 2020 - 2027
7.5%
Report Coverage
Saudi Arabia

Saudi Arabia geothermal heat pump market highlights

  • The Saudi Arabia geothermal heat pump market generated a revenue of USD 61.4 million in 2019 and is expected to reach USD 109.9 million by 2027.
  • The Saudi Arabia market is expected to grow at a CAGR of 7.6% 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 2019USD 61.4 million
Market revenue in 2027USD 109.9 million
Growth rate7.6% (CAGR from 2019 to 2027)
Largest segmentClosed loop
Fastest growing segmentClosed Loop
Historical data2016 - 2018
Base year2019
Forecast period2020 - 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, Saudi Arabia accounted for 0.6% 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 Middle East & Africa, Saudi Arabia geothermal heat pump market is projected to lead the regional market in terms of revenue in 2027.
  • UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 65.6 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 segmentation & scope

Geothermal Heat Pump Market Companies

Name Profile # Employees HQ Website

Saudi Arabia 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 86.16% in 2019. Horizon Databook has segmented the Saudi Arabia 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 Saudi Arabia 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 Saudi Arabia 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 country-level data and insights on the Saudi Arabia geothermal heat pump market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia geothermal heat pump market from 2016 to 2027, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

Saudi Arabia geothermal heat pump market size, by type, 2016-2027 (US$M)

Saudi Arabia Geothermal Heat Pump Market Outlook Share, 2019 & 2027 (US$M)

Saudi Arabia geothermal heat pump market size, by type, 2016-2027 (US$M)

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.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more