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North America Closed Loop Geothermal Heat Pump Market Share

Report ID: GMI10927
Published Date: Aug 2024
Report Format: PDF

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North America Closed Loop Geothermal Heat Pump Market Share

North America Closed Loop Geothermal Heat Pump Company Market Share Analysis, 2023

Daikin, NIBE Energy Systems Ltd, Carrier, Viessmann, & Trane holds majority of the industry share. Key players are adopting various strategies, including innovation, partnerships, and market expansion, to enhance their competitive edge and capitalize on the growing demand for energy-efficient and sustainable heating and cooling solutions.

North America Closed Loop Geothermal Heat Pump Market Companies

Major key players operating across the North America closed loop geothermal heat pump industry are:

Bard HVAC
Carrier
De Dietrich
Dandelion
Daikin
Ecoforest
Kensa Heat Pumps
MODINE MANUFACTURING COMPANY
Mitsubishi Electric Corporation
Nortek Global HVAC
NIBE Energy Systems Ltd
OCHSNER
Trane
Viessmann
WaterFurnace International Inc.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of North America closed loop geothermal heat pump was worth over USD 1.7 billion in 2023 and will showcase about 3.6% CAGR through 2032, spurred by heightened environmental awareness and governmental efforts to cut carbon emissions in the construction sector.

The vertical closed loop geothermal heat pump industry in North America is set to exceed $1.5 billion by 2032, fuelled by space-saving benefits, suitability for small land areas, and advancements in carbon emission reduction technology.

The U.S. closed loop geothermal heat pump market will exceed USD 1.5 billion by 2032, due to the rising demand for eco-friendly and sustainable space heating solutions.

Bard HVAC, Carrier, De Dietrich, Dandelion, Daikin, Ecoforest, Kensa Heat Pumps, MODINE MANUFACTURING COMPANY, Mitsubishi Electric Corporation, Nortek Global HVAC, NIBE Energy Systems Ltd, OCHSNER, Trane, Viessmann, and WaterFurnace International Inc.