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
Industry Research
Ground Source Heat Pump Industry Research Report 2026
Market perspective
The global Ground Source Heat Pump market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
The North America market for Ground Source Heat Pump is forecast to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026–2032.
The Europe market for Ground Source Heat Pump is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032.
Read the full market overview
The Asia Pacific market for Ground Source Heat Pump is expected to grow 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 , among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report quantifies the global Ground Source Heat Pump market in revenue (US$ million) and, where applicable, sales volume (k units), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/k units) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Ground Source Heat Pump.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Ground Source Heat Pump Market 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
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
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: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Ground Source Heat Pump manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: Production/output, value of Ground Source Heat Pump by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: 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 7: 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 8: 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 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions 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 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Ground Source Heat Pump by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Direct Exchange (DX)
- 2.2.3 Closed Loop
- 2.2.4 Open Loop
- 2.3 Ground Source Heat Pump by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Household
- 2.3.3 Commercial
- 2.3.4 Industrial
- 2.3.5 Other
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Ground Source Heat Pump Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Ground Source Heat Pump Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Ground Source Heat Pump Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Ground Source Heat Pump Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Ground Source Heat Pump Production by Manufacturers (2021-2026)
- 3.2 Global Ground Source Heat Pump Production Value 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 Global Ground Source Heat Pump Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Bosch
- 4.1.1 Bosch Ground Source Heat Pump Company Information
- 4.1.2 Bosch Ground Source Heat Pump Business Overview
- 4.1.3 Bosch Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 4.1.4 Bosch Product Portfolio
- 4.1.5 Bosch Recent Developments
- 4.2 Carrier
- 4.2.1 Carrier Ground Source Heat Pump Company Information
- 4.2.2 Carrier Ground Source Heat Pump Business Overview
- 4.2.3 Carrier Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 4.2.4 Carrier Product Portfolio
- 4.2.5 Carrier Recent Developments
- 4.3 Climatemaster
- 4.3.1 Climatemaster Ground Source Heat Pump Company Information
- 4.3.2 Climatemaster Ground Source Heat Pump Business Overview
- 4.3.3 Climatemaster Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 4.3.4 Climatemaster Product Portfolio
- 4.3.5 Climatemaster Recent Developments
- 4.4 NEURA
- 4.4.1 NEURA Ground Source Heat Pump Company Information
- 4.4.2 NEURA Ground Source Heat Pump Business Overview
- 4.4.3 NEURA Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 4.4.4 NEURA Product Portfolio
- 4.4.5 NEURA Recent Developments
- 4.5 OCHSNER Warmepumpen
- 4.5.1 OCHSNER Warmepumpen Ground Source Heat Pump Company Information
- 4.5.2 OCHSNER Warmepumpen Ground Source Heat Pump Business Overview
- 4.5.3 OCHSNER Warmepumpen Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 4.5.4 OCHSNER Warmepumpen Product Portfolio
- 4.5.5 OCHSNER Warmepumpen Recent Developments
- 4.6 Spectrum Manufacturing
- 4.6.1 Spectrum Manufacturing Ground Source Heat Pump Company Information
- 4.6.2 Spectrum Manufacturing Ground Source Heat Pump Business Overview
- 4.6.3 Spectrum Manufacturing Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 4.6.4 Spectrum Manufacturing Product Portfolio
- 4.6.5 Spectrum Manufacturing Recent Developments
- 4.7 Dimplex
- 4.7.1 Dimplex Ground Source Heat Pump Company Information
- 4.7.2 Dimplex Ground Source Heat Pump Business Overview
- 4.7.3 Dimplex Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 4.7.4 Dimplex Product Portfolio
- 4.7.5 Dimplex Recent Developments
- 4.8 EarthLinked Technologies
- 4.8.1 EarthLinked Technologies Ground Source Heat Pump Company Information
- 4.8.2 EarthLinked Technologies Ground Source Heat Pump Business Overview
- 4.8.3 EarthLinked Technologies Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 4.8.4 EarthLinked Technologies Product Portfolio
- 4.8.5 EarthLinked Technologies Recent Developments
- 4.9 Enertech Global
- 4.9.1 Enertech Global Ground Source Heat Pump Company Information
- 4.9.2 Enertech Global Ground Source Heat Pump Business Overview
- 4.9.3 Enertech Global Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 4.9.4 Enertech Global Product Portfolio
- 4.9.5 Enertech Global Recent Developments
- 4.10 Finn Geotherm
- 4.10.1 Finn Geotherm Ground Source Heat Pump Company Information
- 4.10.2 Finn Geotherm Ground Source Heat Pump Business Overview
- 4.10.3 Finn Geotherm Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 4.10.4 Finn Geotherm Product Portfolio
- 4.10.5 Finn Geotherm Recent Developments
- 4.11 Kensa Heat Pumps
- 4.11.1 Kensa Heat Pumps Ground Source Heat Pump Company Information
- 4.11.2 Kensa Heat Pumps Ground Source Heat Pump Business Overview
- 4.11.3 Kensa Heat Pumps Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 4.11.4 Kensa Heat Pumps Product Portfolio
- 4.11.5 Kensa Heat Pumps Recent Developments
- 4.12 WaterFurnace Renewable Energy
- 4.12.1 WaterFurnace Renewable Energy Ground Source Heat Pump Company Information
- 4.12.2 WaterFurnace Renewable Energy Ground Source Heat Pump Business Overview
- 4.12.3 WaterFurnace Renewable Energy Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 4.12.4 WaterFurnace Renewable Energy Product Portfolio
- 4.12.5 WaterFurnace Renewable Energy Recent Developments
- 4.13 Danfoss Group
- 4.13.1 Danfoss Group Ground Source Heat Pump Company Information
- 4.13.2 Danfoss Group Ground Source Heat Pump Business Overview
- 4.13.3 Danfoss Group Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 4.13.4 Danfoss Group Product Portfolio
- 4.13.5 Danfoss Group Recent Developments
- 4.14 Trane
- 4.14.1 Trane Ground Source Heat Pump Company Information
- 4.14.2 Trane Ground Source Heat Pump Business Overview
- 4.14.3 Trane Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 4.14.4 Trane Product Portfolio
- 4.14.5 Trane Recent Developments
- 4.15 Bryant Heating and Cooling Systems
- 4.15.1 Bryant Heating and Cooling Systems Ground Source Heat Pump Company Information
- 4.15.2 Bryant Heating and Cooling Systems Ground Source Heat Pump Business Overview
- 4.15.3 Bryant Heating and Cooling Systems Ground Source Heat Pump Production, Value and Gross Margin (2021-2026)
- 4.15.4 Bryant Heating and Cooling Systems Product Portfolio
- 4.15.5 Bryant Heating and Cooling Systems Recent Developments
5 Global Ground Source Heat Pump Production by Region
- 5.1 Global Ground Source Heat Pump Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Ground Source Heat Pump Production by Region: 2021-2032
- 5.2.1 Global Ground Source Heat Pump Production by Region: 2021-2026
- 5.2.2 Global Ground Source Heat Pump Production Forecast by Region (2027-2032)
- 5.3 Global Ground Source Heat Pump Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Ground Source Heat Pump Production Value by Region: 2021-2032
- 5.4.1 Global Ground Source Heat Pump Production Value by Region: 2021-2026
- 5.4.2 Global Ground Source Heat Pump Production Value Forecast by Region (2027-2032)
- 5.5 Global Ground Source Heat Pump Market Price Analysis by Region (2021-2026)
- 5.6 Global Ground Source Heat Pump Production and Value, YOY Growth
- 5.6.1 North America Ground Source Heat Pump Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Ground Source Heat Pump Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Ground Source Heat Pump Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Ground Source Heat Pump Production Value Estimates and Forecasts (2021-2032)
6 Global Ground Source Heat Pump Consumption by Region
- 6.1 Global Ground Source Heat Pump Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Ground Source Heat Pump Consumption by Region (2021-2032)
- 6.2.1 Global Ground Source Heat Pump Consumption by Region: 2021-2026
- 6.2.2 Global Ground Source Heat Pump Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Ground Source Heat Pump Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Ground Source Heat Pump Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Ground Source Heat Pump Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Ground Source Heat Pump Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Ground Source Heat Pump Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Ground Source Heat Pump Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Ground Source Heat Pump Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Ground Source Heat Pump Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Ground Source Heat Pump Production by Type (2021-2032)
- 7.1.1 Global Ground Source Heat Pump Production by Type (2021-2032) & (k units)
- 7.1.2 Global Ground Source Heat Pump Production Market Share by Type (2021-2032)
- 7.2 Global Ground Source Heat Pump Production Value by Type (2021-2032)
- 7.2.1 Global Ground Source Heat Pump Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Ground Source Heat Pump Production Value Market Share by Type (2021-2032)
- 7.3 Global Ground Source Heat Pump Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Ground Source Heat Pump Production by Application (2021-2032)
- 8.1.1 Global Ground Source Heat Pump Production by Application (2021-2032) & (k units)
- 8.1.2 Global Ground Source Heat Pump Production Market Share by Application (2021-2032)
- 8.2 Global Ground Source Heat Pump Production Value by Application (2021-2032)
- 8.2.1 Global Ground Source Heat Pump Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Ground Source Heat Pump Production Value Market Share by Application (2021-2032)
- 8.3 Global Ground Source Heat Pump Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 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 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 Global Ground Source Heat Pump Analyzing Market Dynamics
- 10.1 Ground Source Heat Pump Industry Trends
- 10.2 Ground Source Heat Pump Industry Drivers
- 10.3 Ground Source Heat Pump Industry Opportunities and Challenges
- 10.4 Ground Source Heat Pump Industry Restraints
11 Report Conclusion
12 Disclaimer
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