UAE Geothermal Heat Pump Market Size & Outlook, 2019-2027
The geothermal heat pump market in the UAE is expected to reach a projected revenue of US$ 65.6 million by 2027. A compound annual growth rate of 7.8% is expected of the UAE geothermal heat pump market from 2020 to 2027.
Revenue, 2019 (US$M)
$35.9
Forecast, 2027 (US$M)
$65.6
CAGR, 2020 - 2027
7.8%
Report Coverage
UAE
UAE geothermal heat pump market, 2016-2027 (US$M)
Related Markets
UAE geothermal heat pump market highlights
- The UAE geothermal heat pump market generated a revenue of USD 35.9 million in 2019 and is expected to reach USD 65.6 million by 2027.
- The UAE market is expected to grow at a CAGR of 7.8% 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 35.9 million |
| Market revenue in 2027 | USD 65.6 million |
| Growth rate | 7.8% (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, UAE accounted for 0.4% 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.
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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 |
|---|
UAE 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 84.96% in 2019. Horizon Databook has segmented the UAE geothermal heat pump market based on closed loop, open loop covering the revenue growth of each sub-segment from 2016 to 2027.
- UAE Geothermal Heat Pump Type Outlook (Revenue, USD Million, 2016-2027)
- Closed Loop
- Horizontal
- Vertical
- Open Loop
- Closed Loop
- UAE Geothermal Heat Pump Application Outlook (Revenue, USD Million, 2016-2027)
- Residential
- Commercial
- Industrial
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Target buyers of UAE geothermal heat pump market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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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 UAE geothermal heat pump market , including forecasts for subscribers. This country databook contains high-level insights into UAE geothermal heat pump market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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UAE geothermal heat pump market size, by type, 2016-2027 (US$M)
UAE Geothermal Heat Pump Market Outlook Share, 2019 & 2027 (US$M)
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