United States (US) Geothermal Heat Pump Market (2025-2031) | Industry, Outlook, Segmentation, Companies, Trends, Size & Revenue, Growth, Forecast, Share, Analysis, Value, Competitive Landscape
Market Forecast By Type (Closed Loop, Open Loop, Hybrid), By Application (Residential, Commercial, Industrial) And Competitive Landscape
| Product Code: ETC9966922 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
United States (US) Geothermal Heat Pump Market Top 5 Importing Countries and Market Competition (HHI) Analysis
The United States saw a significant rise in geothermal heat pump imports in 2024, with key exporting countries including Mexico, China, Thailand, South Korea, and India. The market remained highly concentrated, indicating strong competition among these top exporters. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 31.43%, showcasing a robust expansion in the sector. Although the growth rate slightly slowed to 2.38% in 2024 compared to the previous year, the overall trend indicates a positive outlook for geothermal heat pump imports in the US market.
Key Highlights of the Report:
- United States (US) Geothermal Heat Pump Market Outlook
- Market Size of United States (US) Geothermal Heat Pump Market, 2024
- Forecast of United States (US) Geothermal Heat Pump Market, 2031
- Historical Data and Forecast of United States (US) Geothermal Heat Pump Revenues & Volume for the Period 2021- 2031
- United States (US) Geothermal Heat Pump Market Trend Evolution
- United States (US) Geothermal Heat Pump Market Drivers and Challenges
- United States (US) Geothermal Heat Pump Price Trends
- United States (US) Geothermal Heat Pump Porter's Five Forces
- United States (US) Geothermal Heat Pump Industry Life Cycle
- Historical Data and Forecast of United States (US) Geothermal Heat Pump Market Revenues & Volume By Type for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Geothermal Heat Pump Market Revenues & Volume By Closed Loop for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Geothermal Heat Pump Market Revenues & Volume By Open Loop for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Geothermal Heat Pump Market Revenues & Volume By Hybrid for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Geothermal Heat Pump Market Revenues & Volume By Application for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Geothermal Heat Pump Market Revenues & Volume By Residential for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Geothermal Heat Pump Market Revenues & Volume By Commercial for the Period 2021- 2031
- Historical Data and Forecast of United States (US) Geothermal Heat Pump Market Revenues & Volume By Industrial for the Period 2021- 2031
- United States (US) Geothermal Heat Pump Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Application
- United States (US) Geothermal Heat Pump Top Companies Market Share
- United States (US) Geothermal Heat Pump Competitive Benchmarking By Technical and Operational Parameters
- United States (US) Geothermal Heat Pump Company Profiles
- United States (US) Geothermal Heat Pump Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the United States (US) Geothermal Heat Pump Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the United States (US) Geothermal Heat Pump Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 United States (US) Geothermal Heat Pump Market Overview |
3.1 United States (US) Country Macro Economic Indicators |
3.2 United States (US) Geothermal Heat Pump Market Revenues & Volume, 2021 & 2031F |
3.3 United States (US) Geothermal Heat Pump Market - Industry Life Cycle |
3.4 United States (US) Geothermal Heat Pump Market - Porter's Five Forces |
3.5 United States (US) Geothermal Heat Pump Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 United States (US) Geothermal Heat Pump Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 United States (US) Geothermal Heat Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on energy efficiency and sustainability in buildings |
4.2.2 Government initiatives and incentives promoting the adoption of renewable energy sources |
4.2.3 Growing awareness about the environmental benefits of geothermal heat pumps |
4.3 Market Restraints |
4.3.1 High initial installation costs compared to conventional heating and cooling systems |
4.3.2 Limited availability of skilled professionals for geothermal heat pump installation and maintenance |
4.3.3 Geographic restrictions due to the need for suitable underground conditions for geothermal systems |
5 United States (US) Geothermal Heat Pump Market Trends |
6 United States (US) Geothermal Heat Pump Market, By Types |
6.1 United States (US) Geothermal Heat Pump Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 United States (US) Geothermal Heat Pump Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 United States (US) Geothermal Heat Pump Market Revenues & Volume, By Closed Loop, 2021- 2031F |
6.1.4 United States (US) Geothermal Heat Pump Market Revenues & Volume, By Open Loop, 2021- 2031F |
6.1.5 United States (US) Geothermal Heat Pump Market Revenues & Volume, By Hybrid, 2021- 2031F |
6.2 United States (US) Geothermal Heat Pump Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 United States (US) Geothermal Heat Pump Market Revenues & Volume, By Residential, 2021- 2031F |
6.2.3 United States (US) Geothermal Heat Pump Market Revenues & Volume, By Commercial, 2021- 2031F |
6.2.4 United States (US) Geothermal Heat Pump Market Revenues & Volume, By Industrial, 2021- 2031F |
7 United States (US) Geothermal Heat Pump Market Import-Export Trade Statistics |
7.1 United States (US) Geothermal Heat Pump Market Export to Major Countries |
7.2 United States (US) Geothermal Heat Pump Market Imports from Major Countries |
8 United States (US) Geothermal Heat Pump Market Key Performance Indicators |
8.1 Number of buildings opting for geothermal heat pump installations |
8.2 Percentage increase in government subsidies or tax incentives for renewable energy systems |
8.3 Growth in the number of accredited geothermal heat pump installers |
8.4 Increase in the number of research and development projects focused on improving geothermal heat pump technology |
9 United States (US) Geothermal Heat Pump Market - Opportunity Assessment |
9.1 United States (US) Geothermal Heat Pump Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 United States (US) Geothermal Heat Pump Market Opportunity Assessment, By Application, 2021 & 2031F |
10 United States (US) Geothermal Heat Pump Market - Competitive Landscape |
10.1 United States (US) Geothermal Heat Pump Market Revenue Share, By Companies, 2024 |
10.2 United States (US) Geothermal Heat Pump Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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