| Product Code: ETC4660367 | 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 |
In 2024, Ireland continued to see significant growth in geothermal heat pump imports, with the UK, Czechia, USA, China, and Italy emerging as the top exporting countries. Despite the diversity of sources, market concentration, as measured by the HHI, remained low, indicating a competitive landscape. The impressive compound annual growth rate (CAGR) of 21.07% from 2020 to 2024 reflects sustained demand. However, the slight decline in growth rate from 2023 to 2024 (-13.4%) suggests a potential slowdown or market fluctuations that importers should monitor closely.

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