Ground-source Heat Pump Air Conditioning System Market size was valued at USD 5.8 Billion in 2024 and is forecasted to grow at a CAGR of 8.9% from 2026 to 2033, reaching USD 12.3 Billion by 2033.
In 2022, the global Ground source Heat Pump Air Conditioning System market was valued at approximately USD 12.5 billion, with a compound annual growth rate (CAGR) of around 6.5% projected from 2023 to 2030. North America led the market, contributing 40% of the global revenue, equating to about USD 5 billion. The United States was the primary contributor within this region, accounting for approximately USD 3.95 billion. Europe followed with a 30% market share, translating to roughly USD 3.75 billion, with countries like Germany, France, and the United Kingdom driving demand. The Asia Pacific region held a 23% share, amounting to about USD 2.88 billion, with China and Japan being significant markets. Latin America and the Middle East & Africa each accounted for 5% of the market, representing approximately USD 627 million each. The Asia Pacific region is anticipated to experience the highest growth rate, with a projected CAGR of 8.0% from 2024 to 2031. Within this region, Indias market size was valued at USD 346.16 million in 2024, with an expected CAGR of 9.8%, driven by government initiatives promoting renewable energy and sustainable building practices. Chinas market was valued at USD 1.3 billion in 2024, with a projected CAGR of 7.5%, influenced by policies supporting renewable energy. In North America, the U.S. market is expected to grow at a CAGR of 4.0%, reaching approximately USD 3.95 billion by 2024, due to increasing demand for sustainable heating and cooling solutions. Europes market is projected to grow at a CAGR of 7.8%, with strong government support for renewable energy technologies and sustainable building solutions. Latin America is expected to see a CAGR of 5.4%, with Brazils market valued at USD 268.40 million in 2024 and a projected CAGR of 6.0%, driven by growing awareness of sustainable heating and cooling solutions.
Get | Download Sample Copy with TOC, Graphs & List of Figures @ http://verifiedmarketreports.com/download-sample/?rid=530058&utm_source=Pulse_G_April&utm_medium=212
Â
Bosch
Mitsubishi
Fujitsu General
Vaillant
Danfoss
Carrier
DAIKIN
Swegon Group AB
Viessmann
TSINGHUA TONGFANG ARTIFICIAL ENVIRONMENT
Shandong Cooling Air-Conditioning Equipmentco
Shandong Fuerda Air-conditioner Equipment
CASSKY
Bright Air Conditioning
Nobao Renewable Energy Holdings
LINTEN
Silian Intelligence Technology
Suzhou Jineng Environment Energy Technolog
Â
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase Of This Report @ https://www.verifiedmarketreports.com/ask-for-discount/?rid=530058&utm_source=Pulse_G_April&utm_medium=212
Growing demand for below applications around the world has had a direct impact on the growth of the Global Ground-source Heat Pump Air Conditioning System Market
Closed Loop Ground-source Heat Pump
Open Loop Ground-source Heat Pump
Hybrid Ground-source Heat Pump
New Installation
Replacement Installation
Residential
Commercial
Industrial
Heat Pump Unit
Heat Exchanger
Distribution System
Control System
Vertical Ground Source
Horizontal Ground Source
Direct Exchange Ground Source
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ https://www.verifiedmarketreports.com/product/ground-source-heat-pump-air-conditioning-system-market/
1. Introduction of the Global Ground-source Heat Pump Air Conditioning System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Ground-source Heat Pump Air Conditioning System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Ground-source Heat Pump Air Conditioning System Market, By Type
6. Global Ground-source Heat Pump Air Conditioning System Market, By Application
7. Global Ground-source Heat Pump Air Conditioning System Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Ground-source Heat Pump Air Conditioning System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ US clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/