Ground Source Heat Pump Unit Market was valued at USD 4.5 Billion in 2022 and is projected to reach USD 10.0 Billion by 2030, growing at a CAGR of 10.7% from 2024 to 2030.
The global Ground Source Heat Pump (GSHP) unit market was valued at approximately USD 7.1 billion in 2022, and it is projected to witness a compound annual growth rate (CAGR) of around 7.8% from 2023 to 2030. This growth is driven by increasing demand for renewable energy sources, enhanced focus on energy efficiency, and rising governmental incentives for clean energy adoption. The market is also seeing rising interest from residential, commercial, and industrial sectors due to long-term cost savings and environmental benefits. In addition, favorable regulations promoting the use of renewable heating technologies, particularly in Europe and North America, are expected to boost market expansion in these regions.
Emerging markets, such as China, India, and Brazil, are presenting significant growth opportunities due to growing urbanization and rising investments in sustainable infrastructure. These regions are also experiencing a shift toward cleaner energy alternatives to reduce carbon emissions. In particular, the Asia-Pacific region is expected to witness the fastest growth during the forecast period, with a CAGR exceeding 9%, driven by increased awareness of energy-efficient solutions and government initiatives supporting renewable technologies. The market is further supported by technological advancements in GSHP systems, including higher efficiency units, lower installation costs, and integration with smart grid systems.
Get an In-Depth Research Analysis of the Global Ground Source Heat Pump Unit Market Size And Forecast [2025-2032]
Bosch Thermotechnology
Carrier
Vaillant
BDR Thermea
Modine
Nibe Industrier
Mitsubishi Electric
Viessmann
Trane
Stiebel Eltron
Danfoss Group
Weishaupt
Swegon
Wolf
OCHSNER Warmepumpen
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 the Global Ground Source Heat Pump Unit Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Ground Source Heat Pump Unit Market
Household
Commerical
Based on Types the Market is categorized into Below types that held the largest Ground Source Heat Pump Unit market share In 2023.
Buried Pipe Ground Source Heat Pump System
Groundwater Ground Source Heat Pump System
Surface Water Ground Source Heat Pump System
Global (United States, Global 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 @ Ground Source Heat Pump Unit Market Research Analysis
1. Introduction of the Global Ground Source Heat Pump Unit 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 Unit Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Ground Source Heat Pump Unit Market, By Type
6. Global Ground Source Heat Pump Unit Market, By Application
7. Global Ground Source Heat Pump Unit Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Ground Source Heat Pump Unit 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 Global Research and Consulting firm servicing over 5000+ global 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/