Authored By: Sarah
20 Aug 2021

Geothermal Heat Pump Market: Key Geographies that will Drive Growth

Geographical Analysis and Market Highlights 2021-2025

The geothermal heat pump market is set to grow by $ 10.23 bn, accelerating at a CAGR of almost 8.41% during the forecast period. This research report analyses the growth trajectory of the market with a purview to prevalent market scenario, trends, and drivers. It also provides competitive bench-marking of the key market players and their product portfolios.


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Geothermal Heat Pump Market: Europe to lead market growth during the forecast period

  • 44% of the market growth will originate from Europe during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Geothermal Heat Pump Market size.
  • One of the key drivers that is likely to drive market growth is the operational benefits of geothermal heat pumps over conventional systems. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market.  These insights will equip clients with all the information they need to plan COVID-19 recovery and growth strategies.
  • Market is segmented by End-user (Residential and Non-residential) and Geography (Europe, North America, APAC, South America, and MEA).

Geothermal Heat Pump Market to Post Incremental Growth of $ 10.23 bn During 2021-2025 | Key Geographies that will Drive Growth

Geothermal Heat Pump Market: Competitive Landscape

Some of the leading vendors in this market are Danfoss AS, Mitsubishi Electric Corp., NIBE Industrier AB, Raytheon Technologies Corp., Robert Bosch GmbH, Stiebel Eltron (Aust) Pty. Ltd., Trane Technologies plc, Vaillant GmbH, Viessmann Werke GmbH & Co. KG, and Weishaupt (UK) Ltd.. The market is fragmented and the growth of the players in this market is dependent on several factors such as prevalent market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

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The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 8.41%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 10.23 bn through 2021-2025.
     
  3. What is a key factor driving this market?
    Operational benefits of geothermal heat pumps over conventional systems will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    Europe, North America, APAC, South America, and MEA are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    44% growth will originate from Europe
     
  6. Who are the leading market vendors?
    The leading vendors in this market are Danfoss AS, Mitsubishi Electric Corp., NIBE Industrier AB, Raytheon Technologies Corp., Robert Bosch GmbH, Stiebel Eltron (Aust) Pty. Ltd., Trane Technologies plc, Vaillant GmbH, Viessmann Werke GmbH & Co. KG, and Weishaupt (UK) Ltd.
     
  7. What are the market segments covered in this report?
    The market is segmented by End-user (Residential and Non-residential) and Geography (Europe, North America, APAC, South America, and MEA).

Market Segmentation by End-user

    • Geothermal Heat Pump Market Split by End-user
      • Residential
      • Non-residential
    • Geothermal Heat Pump Market Split by Geography
      • Europe
      • North America
      • APAC
      • South America
      • MEA

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Danfoss AS
  • Mitsubishi Electric Corp.
  • NIBE Industrier AB
  • Raytheon Technologies Corp.
  • Robert Bosch GmbH
  • Stiebel Eltron (Aust) Pty. Ltd.
  • Trane Technologies plc
  • Vaillant GmbH
  • Viessmann Werke GmbH & Co. KG
  • Weishaupt (UK) Ltd.

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