Geothermal Heat Pump companies

  • Report ID: 6705
  • Published Date: Aug 14, 2025
  • Report Format: PDF, PPT

Key Geothermal Heat Pump Market Players:

    Companies such as Daikin Industries Ltd., ClimateMaster, Inc., and Mitsubishi Electric Corporation are some leading companies that have taken charge by advancing the technologies and expanding their product portfolios. Also, these companies are investing in research and development to enhance their product system. Some companies also collaborate by working together to achieve a common goal.

    For instance, in February 2024, Subterra Renewables and Enercare Inc. introduced a fully integrated heating and cooling solution driven by renewable geothermal energy. This initiative's goal is to support consumers and Canadian developers in transitioning from fossil-fuel-powered systems to renewable geothermal energy. Here are some leading players in the geothermal heat pump market:

    • ClimateMaster, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Vaillant Group
    • Maritime Geothermal Ltd.
    • Dandelion
    • Viessmann
    • Stiebel Eltron
    • NIBE

Browse key industry insights with market data tables & charts from the report:

Frequently Asked Questions (FAQ)

In the year 2026, the industry size of geothermal heat pump is estimated at USD 14.15 billion.

Geothermal Heat Pump Market size was over USD 13.39 billion in 2025 and is anticipated to cross USD 24.67 billion by 2035, growing at more than 6.3% CAGR during the forecast period i.e., between 2026-2035.

Asia Pacific commands a 39.80% share in the Geothermal Heat Pump Market, with industrialization and expansion beyond residential use driving its dominance and growth prospects by 2035.

Key players in the market include ClimateMaster, Inc., Vaillant Group, Maritime Geothermal Ltd., Dandelion, Viessmann, Stiebel Eltron, and NIBE.
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