APO RESEARCH · REPORT
Ground Source Heat Pump
Ground-source heat pumps transfer heat between a building and a ground or water source through a refrigerant system.
Product & engineering
Understand the product.
Source-loop geometry, ground conditions and circulation influence available heat transfer. The heat pump and external loop have different design responsibilities.
Heating and cooling loads change the source's thermal balance. A unit rating does not establish the performance of the installed ground loop.
What turns activity into demand
Ground-source heat pumps connect building loads to a ground or water heat exchanger, with the source loop shaping long-term performance.
The commercial boundary
Separate heat-pump units from drilling, source loops and complete building installations.
Technical reading
Selected research
Market Structure
Global Ground Source Heat Pump Market by Size, by Type, by Application, by Region, History and Forecast 2021-2032
Market perspective
The global Ground Source Heat Pump market is projected to grow from US$ million in 2026 to US$ million by 2032, implying a CAGR of % over 2026-2032.
The US & Canada market for Ground Source Heat Pump is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
The Europe market for Ground Source Heat Pump is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Read the full market overview
The Asia Pacific market for Ground Source Heat Pump is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
The China market for Ground Source Heat Pump is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Leading global manufacturers of Ground Source Heat Pump include Bosch, Carrier, Climatemaster, NEURA, OCHSNER Warmepumpen, Spectrum Manufacturing, Dimplex, EarthLinked Technologies and Enertech Global, among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
On the production side, the report examines Ground Source Heat Pump output, growth rates, and market shares by manufacturer and by region (at regional and country level) for 2021-2026, with forecasts through 2032.
On the consumption side, the report analyzes sales of Ground Source Heat Pump by region (regional and country level), company, type, and application for 2021-2026 and provides forecasts through 2032.
The report provides an overview of the global Ground Source Heat Pump market in terms of capacity, output, revenue, and price, analyzing global market trends using historical revenue and sales data for 2021-2025, estimates for 2026, and projected CAGRs through 2032.
The study covers key producers of Ground Source Heat Pump and consumption patterns in major regions and countries, assesses future market potential, and highlights priority regions and countries for segmenting the market into sub-sectors, with country-specific market value data for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, the Middle East, Africa, and other countries.
The report also presents Ground Source Heat Pump sales, revenue, market share, and industry ranking for the main manufacturers for 2021-2026, identifies the major stakeholders in the global market, and analyzes their competitive landscape and market positioning based on recent developments and segmental revenues.
In addition, the report analyzes segment data by type and application—covering sales, revenue, and price—for 2021-2032, and evaluates and forecasts the Ground Source Heat Pump market size, projected growth trends, production technologies, key applications, and end-use industries.
Ground Source Heat Pump Segment by Company
Bosch
Carrier
Climatemaster
NEURA
OCHSNER Warmepumpen
Spectrum Manufacturing
Dimplex
EarthLinked Technologies
Enertech Global
Finn Geotherm
Kensa Heat Pumps
WaterFurnace Renewable Energy
Danfoss Group
Trane
Bryant Heating and Cooling Systems
Ground Source Heat Pump Segment by Type
Direct Exchange (DX)
Closed Loop
Open Loop
Ground Source Heat Pump Segment by Application
Household
Commercial
Industrial
Other
Ground Source Heat Pump Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Study Objectives
1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Ground Source Heat Pump market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Ground Source Heat Pump and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Ground Source Heat Pump.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Provides an overview of the Ground Source Heat Pump market, including product definition, global market growth prospects, production value, capacity, and average price forecasts (2021-2032).
Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global Ground Source Heat Pump industry.
Chapter 3: Detailed analysis of Ground Source Heat Pump market competition landscape. Including Ground Source Heat Pump manufacturers' output value, output and average price from 2021 to 2026, as well as competition analysis indicators such as origin, product type, application, merger and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 7: Production/Production Value of Ground Source Heat Pump by region. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 8: Consumption of Ground Source Heat Pump in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Direct Exchange (DX)
- Closed Loop
- Open Loop
Applications
- Household
- Commercial
- Industrial
- Other
Companies covered
- Bosch
- Carrier
- Climatemaster
- NEURA
- OCHSNER Warmepumpen
- Spectrum Manufacturing
- Dimplex
- EarthLinked Technologies
- Enertech Global
- Finn Geotherm
- Kensa Heat Pumps
- WaterFurnace Renewable Energy
- Danfoss Group
- Trane
- Bryant Heating and Cooling Systems
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Ground Source Heat Pump Production Value Estimates and Forecasts (2021-2032)
- 1.2.2 Global Ground Source Heat Pump Production Capacity Estimates and Forecasts (2021-2032)
- 1.2.3 Global Ground Source Heat Pump Production Estimates and Forecasts (2021-2032)
- 1.2.4 Global Ground Source Heat Pump Market Average Price (2021-2032)
- 1.3 Assumptions and Limitations
- 1.4 Study Goals and Objectives
2 Global Ground Source Heat Pump Market Dynamics
- 2.1 Ground Source Heat Pump Industry Trends
- 2.2 Ground Source Heat Pump Industry Drivers
- 2.3 Ground Source Heat Pump Industry Opportunities and Challenges
- 2.4 Ground Source Heat Pump Industry Restraints
3 Ground Source Heat Pump Market by Manufacturers
- 3.1 Global Ground Source Heat Pump Production Value by Manufacturers (2021-2026)
- 3.2 Global Ground Source Heat Pump Production by Manufacturers (2021-2026)
- 3.3 Global Ground Source Heat Pump Average Price by Manufacturers (2021-2026)
- 3.4 Global Ground Source Heat Pump Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Ground Source Heat Pump Key Manufacturers Manufacturing Sites & Headquarters
- 3.6 Global Ground Source Heat Pump Manufacturers, Product Type & Application
- 3.7 Global Ground Source Heat Pump Manufacturers Established Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Ground Source Heat Pump Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Ground Source Heat Pump Players Market Share by Production Value in 2025
- 3.8.3 2025 Ground Source Heat Pump Tier 1, Tier 2, and Tier 3
4 Ground Source Heat Pump Market by Type
- 4.1 Ground Source Heat Pump Type Introduction
- 4.1.1 Direct Exchange (DX)
- 4.1.2 Closed Loop
- 4.1.3 Open Loop
- 4.2 Global Ground Source Heat Pump Production by Type
- 4.2.1 Global Ground Source Heat Pump Production by Type (2021 VS 2025 VS 2032)
- 4.2.2 Global Ground Source Heat Pump Production by Type (2021-2032)
- 4.2.3 Global Ground Source Heat Pump Production Market Share by Type (2021-2032)
- 4.3 Global Ground Source Heat Pump Production Value by Type
- 4.3.1 Global Ground Source Heat Pump Production Value by Type (2021 VS 2025 VS 2032)
- 4.3.2 Global Ground Source Heat Pump Production Value by Type (2021-2032)
- 4.3.3 Global Ground Source Heat Pump Production Value Market Share by Type (2021-2032)
5 Ground Source Heat Pump Market by Application
- 5.1 Ground Source Heat Pump Application Introduction
- 5.1.1 Household
- 5.1.2 Commercial
- 5.1.3 Industrial
- 5.1.4 Other
- 5.2 Global Ground Source Heat Pump Production by Application
- 5.2.1 Global Ground Source Heat Pump Production by Application (2021 VS 2025 VS 2032)
- 5.2.2 Global Ground Source Heat Pump Production by Application (2021-2032)
- 5.2.3 Global Ground Source Heat Pump Production Market Share by Application (2021-2032)
- 5.3 Global Ground Source Heat Pump Production Value by Application
- 5.3.1 Global Ground Source Heat Pump Production Value by Application (2021 VS 2025 VS 2032)
- 5.3.2 Global Ground Source Heat Pump Production Value by Application (2021-2032)
- 5.3.3 Global Ground Source Heat Pump Production Value Market Share by Application (2021-2032)
6 Company Profiles
- 6.1 Bosch
- 6.1.1 Bosch Company Information
- 6.1.2 Bosch Business Overview
- 6.1.3 Bosch Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 6.1.4 Bosch Ground Source Heat Pump Product Portfolio
- 6.1.5 Bosch Recent Developments
- 6.2 Carrier
- 6.2.1 Carrier Company Information
- 6.2.2 Carrier Business Overview
- 6.2.3 Carrier Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 6.2.4 Carrier Ground Source Heat Pump Product Portfolio
- 6.2.5 Carrier Recent Developments
- 6.3 Climatemaster
- 6.3.1 Climatemaster Company Information
- 6.3.2 Climatemaster Business Overview
- 6.3.3 Climatemaster Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 6.3.4 Climatemaster Ground Source Heat Pump Product Portfolio
- 6.3.5 Climatemaster Recent Developments
- 6.4 NEURA
- 6.4.1 NEURA Company Information
- 6.4.2 NEURA Business Overview
- 6.4.3 NEURA Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 6.4.4 NEURA Ground Source Heat Pump Product Portfolio
- 6.4.5 NEURA Recent Developments
- 6.5 OCHSNER Warmepumpen
- 6.5.1 OCHSNER Warmepumpen Company Information
- 6.5.2 OCHSNER Warmepumpen Business Overview
- 6.5.3 OCHSNER Warmepumpen Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 6.5.4 OCHSNER Warmepumpen Ground Source Heat Pump Product Portfolio
- 6.5.5 OCHSNER Warmepumpen Recent Developments
- 6.6 Spectrum Manufacturing
- 6.6.1 Spectrum Manufacturing Company Information
- 6.6.2 Spectrum Manufacturing Business Overview
- 6.6.3 Spectrum Manufacturing Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 6.6.4 Spectrum Manufacturing Ground Source Heat Pump Product Portfolio
- 6.6.5 Spectrum Manufacturing Recent Developments
- 6.7 Dimplex
- 6.7.1 Dimplex Company Information
- 6.7.2 Dimplex Business Overview
- 6.7.3 Dimplex Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 6.7.4 Dimplex Ground Source Heat Pump Product Portfolio
- 6.7.5 Dimplex Recent Developments
- 6.8 EarthLinked Technologies
- 6.8.1 EarthLinked Technologies Company Information
- 6.8.2 EarthLinked Technologies Business Overview
- 6.8.3 EarthLinked Technologies Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 6.8.4 EarthLinked Technologies Ground Source Heat Pump Product Portfolio
- 6.8.5 EarthLinked Technologies Recent Developments
- 6.9 Enertech Global
- 6.9.1 Enertech Global Company Information
- 6.9.2 Enertech Global Business Overview
- 6.9.3 Enertech Global Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 6.9.4 Enertech Global Ground Source Heat Pump Product Portfolio
- 6.9.5 Enertech Global Recent Developments
- 6.10 Finn Geotherm
- 6.10.1 Finn Geotherm Company Information
- 6.10.2 Finn Geotherm Business Overview
- 6.10.3 Finn Geotherm Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 6.10.4 Finn Geotherm Ground Source Heat Pump Product Portfolio
- 6.10.5 Finn Geotherm Recent Developments
- 6.11 Kensa Heat Pumps
- 6.11.1 Kensa Heat Pumps Company Information
- 6.11.2 Kensa Heat Pumps Business Overview
- 6.11.3 Kensa Heat Pumps Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 6.11.4 Kensa Heat Pumps Ground Source Heat Pump Product Portfolio
- 6.11.5 Kensa Heat Pumps Recent Developments
- 6.12 WaterFurnace Renewable Energy
- 6.12.1 WaterFurnace Renewable Energy Company Information
- 6.12.2 WaterFurnace Renewable Energy Business Overview
- 6.12.3 WaterFurnace Renewable Energy Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 6.12.4 WaterFurnace Renewable Energy Ground Source Heat Pump Product Portfolio
- 6.12.5 WaterFurnace Renewable Energy Recent Developments
- 6.13 Danfoss Group
- 6.13.1 Danfoss Group Company Information
- 6.13.2 Danfoss Group Business Overview
- 6.13.3 Danfoss Group Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 6.13.4 Danfoss Group Ground Source Heat Pump Product Portfolio
- 6.13.5 Danfoss Group Recent Developments
- 6.14 Trane
- 6.14.1 Trane Company Information
- 6.14.2 Trane Business Overview
- 6.14.3 Trane Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 6.14.4 Trane Ground Source Heat Pump Product Portfolio
- 6.14.5 Trane Recent Developments
- 6.15 Bryant Heating and Cooling Systems
- 6.15.1 Bryant Heating and Cooling Systems Company Information
- 6.15.2 Bryant Heating and Cooling Systems Business Overview
- 6.15.3 Bryant Heating and Cooling Systems Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 6.15.4 Bryant Heating and Cooling Systems Ground Source Heat Pump Product Portfolio
- 6.15.5 Bryant Heating and Cooling Systems Recent Developments
7 Global Ground Source Heat Pump Production by Region
- 7.1 Global Ground Source Heat Pump Production by Region: 2021 VS 2025 VS 2032
- 7.2 Global Ground Source Heat Pump Production by Region (2021-2032)
- 7.2.1 Global Ground Source Heat Pump Production by Region (2021-2026)
- 7.2.2 Global Ground Source Heat Pump Production Forecast by Region (2027-2032)
- 7.3 Global Ground Source Heat Pump Production by Region: 2021 VS 2025 VS 2032
- 7.4 Global Ground Source Heat Pump Production Value by Region (2021-2032)
- 7.4.1 Global Ground Source Heat Pump Production Value by Region (2021-2026)
- 7.4.2 Global Ground Source Heat Pump Production Value by Region (2027-2032)
- 7.5 Global Ground Source Heat Pump Market Price Analysis by Region (2021-2032)
- 7.6 Regional Production Value Trends (2021-2032)
- 7.6.1 North America Ground Source Heat Pump Production Value (2021-2032)
- 7.6.2 Europe Ground Source Heat Pump Production Value (2021-2032)
- 7.6.3 Asia-Pacific Ground Source Heat Pump Production Value (2021-2032)
- 7.6.4 South America Ground Source Heat Pump Production Value (2021-2032)
- 7.6.5 Middle East & Africa Ground Source Heat Pump Production Value (2021-2032)
8 Global Ground Source Heat Pump Consumption by Region
- 8.1 Global Ground Source Heat Pump Consumption by Region: 2021 VS 2025 VS 2032
- 8.2 Global Ground Source Heat Pump Consumption by Region (2021-2032)
- 8.2.1 Global Ground Source Heat Pump Consumption by Region (2021-2026)
- 8.2.2 Global Ground Source Heat Pump Consumption by Region (2027-2032)
- 8.3 North America
- 8.3.1 North America Ground Source Heat Pump Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3.2 North America Ground Source Heat Pump Consumption by Country (2021-2032)
- 8.3.3 U.S.
- 8.3.4 Canada
- 8.3.5 Mexico
- 8.4 Europe
- 8.4.1 Europe Ground Source Heat Pump Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.4.2 Europe Ground Source Heat Pump Consumption by Country (2021-2032)
- 8.4.3 Germany
- 8.4.4 France
- 8.4.5 U.K.
- 8.4.6 Italy
- 8.4.7 Netherlands
- 8.5 Asia Pacific
- 8.5.1 Asia Pacific Ground Source Heat Pump Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.5.2 Asia Pacific Ground Source Heat Pump Consumption by Country (2021-2032)
- 8.5.3 China
- 8.5.4 Japan
- 8.5.5 South Korea
- 8.5.6 Southeast Asia
- 8.5.7 India
- 8.5.8 Australia
- 8.6 South America
- 8.6.1 South America Ground Source Heat Pump Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.6.2 South America Ground Source Heat Pump Consumption by Country (2021-2032)
- 8.6.3 Brazil
- 8.6.4 Argentina
- 8.6.5 Chile
- 8.6.6 Colombia
- 8.7 Middle East & Africa
- 8.7.1 Middle East & Africa Ground Source Heat Pump Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.7.2 Middle East & Africa Ground Source Heat Pump Consumption by Country (2021-2032)
- 8.7.3 Egypt
- 8.7.4 South Africa
- 8.7.5 Israel
- 8.7.6 Türkiye
- 8.7.7 GCC Countries
9 Value Chain and Sales Channels Analysis
- 9.1 Ground Source Heat Pump Value Chain Analysis
- 9.1.1 Ground Source Heat Pump Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Manufacturing Cost Structure
- 9.1.4 Ground Source Heat Pump Production Mode & Process
- 9.2 Ground Source Heat Pump Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Ground Source Heat Pump Distributors
- 9.2.3 Ground Source Heat Pump Customers
10 Concluding Insights
11 Appendix
- 11.1 Reasons for Doing This Study
- 11.2 Research Methodology
- 11.3 Research Process
- 11.4 Authors List of This Report
- 11.5 Data Source
- 11.5.1 Secondary Sources
- 11.5.2 Primary Sources
- 11.6 Disclaimer
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