| Product Code: ETC4660360 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Guatemala`s import shipments of geothermal heat pumps in 2024 continued to be dominated by top exporters such as China, USA, Mexico, Italy, and Colombia. The market concentration, as measured by the Hirschman-Herfindahl Index (HHI), remained high in 2024, indicating a relatively concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 51.21%, underscoring the increasing demand for geothermal heat pumps in Guatemala. Additionally, the growth rate from 2023 to 2024 stood at 11.42%, suggesting a continued upward trajectory for this market segment.

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 Guatemala Geothermal Heat Pumps Market Overview |
3.1 Guatemala Country Macro Economic Indicators |
3.2 Guatemala Geothermal Heat Pumps Market Revenues & Volume, 2021 & 2031F |
3.3 Guatemala Geothermal Heat Pumps Market - Industry Life Cycle |
3.4 Guatemala Geothermal Heat Pumps Market - Porter's Five Forces |
3.5 Guatemala Geothermal Heat Pumps Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Guatemala Geothermal Heat Pumps Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Guatemala Geothermal Heat Pumps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and adoption of renewable energy sources in Guatemala |
4.2.2 Government initiatives and incentives promoting the use of geothermal heat pumps |
4.2.3 Growing focus on energy efficiency and sustainability in residential and commercial buildings |
4.3 Market Restraints |
4.3.1 High upfront costs associated with geothermal heat pump installation |
4.3.2 Limited availability of skilled professionals for installation and maintenance |
4.3.3 Lack of awareness and understanding among consumers about the benefits of geothermal heat pumps |
5 Guatemala Geothermal Heat Pumps Market Trends |
6 Guatemala Geothermal Heat Pumps Market Segmentations |
6.1 Guatemala Geothermal Heat Pumps Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Guatemala Geothermal Heat Pumps Market Revenues & Volume, By Closed Loop, 2021-2031F |
6.1.3 Guatemala Geothermal Heat Pumps Market Revenues & Volume, By Open Loop, 2021-2031F |
6.2 Guatemala Geothermal Heat Pumps Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Guatemala Geothermal Heat Pumps Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Guatemala Geothermal Heat Pumps Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.4 Guatemala Geothermal Heat Pumps Market Revenues & Volume, By Industrial, 2021-2031F |
7 Guatemala Geothermal Heat Pumps Market Import-Export Trade Statistics |
7.1 Guatemala Geothermal Heat Pumps Market Export to Major Countries |
7.2 Guatemala Geothermal Heat Pumps Market Imports from Major Countries |
8 Guatemala Geothermal Heat Pumps Market Key Performance Indicators |
8.1 Energy savings achieved by using geothermal heat pumps |
8.2 Number of government policies and incentives supporting geothermal heat pump installations |
8.3 Growth in the number of geothermal heat pump installations in Guatemala |
8.4 Increase in the number of training programs for professionals in geothermal heat pump technology |
8.5 Level of consumer awareness and understanding of geothermal heat pumps |
9 Guatemala Geothermal Heat Pumps Market - Opportunity Assessment |
9.1 Guatemala Geothermal Heat Pumps Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Guatemala Geothermal Heat Pumps Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Guatemala Geothermal Heat Pumps Market - Competitive Landscape |
10.1 Guatemala Geothermal Heat Pumps Market Revenue Share, By Companies, 2024 |
10.2 Guatemala Geothermal Heat Pumps Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |