지열 발전 및 히트펌프 시장 : 유형별, 구성요소별, 정격 용량별, 발전소 유형별, 배치 유형별, 최종 용도별 - 세계 예측(2025-2030년)

The Geothermal Power & Heat Pump Market was valued at USD 11.97 billion in 2023, expected to reach USD 12.82 billion in 2024, and is projected to grow at a CAGR of 7.83%, to USD 20.30 billion by 2030.

The geothermal power and heat pump market is defined by its focus on utilizing geothermal energy for both electricity generation and heating/cooling purposes, tapping into Earth's internal heat as a sustainable energy source. This market's necessity stems from global needs for clean, renewable energy solutions that reduce carbon footprints and dependence on fossil fuels. Applications span residential, commercial, and industrial sectors, encompassing power plants for electricity generation and geothermal heat pumps for heating and cooling buildings. Key influencing factors include technological advancements that enhance efficiency, supportive government policies and incentives for renewable energy adoption, and the increasing awareness of environmental sustainability. Notable emerging opportunities lie in regions with high geothermal potential, such as the Pacific Ring of Fire and parts of Europe, where exploration and infrastructure investments are increasing. Partnerships with government bodies and technological collaborations can further accelerate market penetration. However, challenges persist, including high initial capital costs, geological risks, and limited resource accessibility in certain regions, which can hinder widespread adoption. Additionally, regulatory hurdles and potential environmental impacts of geothermal projects pose significant limitations. Research and innovation should focus on reducing costs through improved drilling technologies and enhancing the efficiency of heat exchange systems. Innovations in binary geothermal plants, capable of harnessing lower-temperature resources, could expand the market's reach. Businesses can benefit from insights into the competitive landscape, recognizing opportunities for mergers and acquisitions to scale operations efficiently. Furthermore, educational initiatives to promote geothermal energy's benefits may foster broader acceptance and investment. Overall, while the geothermal power and heat pump market is poised for growth as part of the global shift towards renewable energy, success hinges on overcoming technical and regulatory barriers through continued innovation and strategic market engagement.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Geothermal Power & Heat Pump Market

The Geothermal Power & Heat Pump Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

• Market Drivers
  • Increasing focus on energy conservation and shift to geothermal electricity generation
  • Government policies and incentives to expand geothermal power plant deployment
  • Increasing need for energy-efficient heating and cooling solutions in the residential sector
• Market Restraints
  • High initial installation costs and need for severe above-ground alterations
• Market Opportunities
  • Technological advancements and design improvements in geothermal power & heat pumps
  • New investments to develop geothermal power generation plants worldwide
• Market Challenges
  • Significant challenges related to drilling technology and efficiency of heat extraction in geothermal power & heat pump

Porter's Five Forces: A Strategic Tool for Navigating the Geothermal Power & Heat Pump Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Geothermal Power & Heat Pump Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Geothermal Power & Heat Pump Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Geothermal Power & Heat Pump Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Geothermal Power & Heat Pump Market

A detailed market share analysis in the Geothermal Power & Heat Pump Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Geothermal Power & Heat Pump Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Geothermal Power & Heat Pump Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Geothermal Power & Heat Pump Market

A strategic analysis of the Geothermal Power & Heat Pump Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Geothermal Power & Heat Pump Market, highlighting leading vendors and their innovative profiles. These include AltaRock Energy, Inc., Baker Hughes Company, Bostech Mechanical Ltd., Brightcore Energy LLC, Carrier Corporation, ClimateMaster, Inc. by NIBE Industrier AB, Daikin Industries, Ltd., Dandelion Energy, Inc., Danfoss A/S, De Dietrich by BDR Thermea France S.A.S., EnergySmart Alternatives, LLC, Fujitsu Limited, Geo-Flo Corporation, GeoComfort by Enertech Global, LLC, Geoflex Systems Inc., GeoSmart Energy, GeoStar, Haier Group Corporation, Hydro-Temp Corporation, Kensa Group Ltd, LG Electronics Inc., Maritime Geothermal Ltd., Menerga d.o.o., Miami Heat Pump, Mitsubishi Electric Corporation, OCHSNER Warmepumpen GmbH, Oilon Group Oy, Ormat Technologies, Inc., Power World Machinery Equipment Co., Ltd., Robert Bosch GmbH, Shuangliang Eco-energy Systems Co., Ltd., Siemens AG, STIEBEL ELTRON GmbH & Co. KG, TermoShop D.o.o., Toyesi Pty Ltd, Trane Technologies plc, and WaterFurnace International, Inc..

Market Segmentation & Coverage

This research report categorizes the Geothermal Power & Heat Pump Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Based on Type, market is studied across Closed Looped Systems, Hybrid Systems, and Open Looped Systems. The Closed Looped Systems is further studied across Horizontal, Pond/Lake, and Vertical.
• Based on Component, market is studied across Heat Distribution Subsystem, Heat Pump, and Underground Heat Collector.
• Based on Rated Capacity, market is studied across 3 kW to 1500 kW, Less than 3 kW, and More than 1,500 kW.
• Based on Power Plant Type, market is studied across Binary Cycle, Dry Steam, and Flash Steam.
• Based on Deployment, market is studied across Offshore and Onshore.
• Based on Deployment Type, market is studied across New Deployment and Retrofitting and Moderenization.
• Based on End-Use, market is studied across Commercial, Industrial, and Residential. The Industrial is further studied across Agriculture and Energy & Power.
• Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across Alaska, California, Hawaii, Idaho, Nevada, New Mexico, Oregon, and Utah. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Iceland, Israel, Italy, Kenya, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Table of Contents

1. Preface

• 1.1. Objectives of the Study
• 1.2. Market Segmentation & Coverage
• 1.3. Years Considered for the Study
• 1.4. Currency & Pricing
• 1.5. Language
• 1.6. Stakeholders

2. Research Methodology

• 2.1. Define: Research Objective
• 2.2. Determine: Research Design
• 2.3. Prepare: Research Instrument
• 2.4. Collect: Data Source
• 2.5. Analyze: Data Interpretation
• 2.6. Formulate: Data Verification
• 2.7. Publish: Research Report
• 2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

• 5.1. Market Dynamics
  • 5.1.1. Drivers
    • 5.1.1.1. Increasing focus on energy conservation and shift to geothermal electricity generation
    • 5.1.1.2. Government policies and incentives to expand geothermal power plant deployment
    • 5.1.1.3. Increasing need for energy-efficient heating and cooling solutions in the residential sector
  • 5.1.2. Restraints
    • 5.1.2.1. High initial installation costs and need for severe above-ground alterations
  • 5.1.3. Opportunities
    • 5.1.3.1. Technological advancements and design improvements in geothermal power & heat pumps
    • 5.1.3.2. New investments to develop geothermal power generation plants worldwide
  • 5.1.4. Challenges
    • 5.1.4.1. Significant challenges related to drilling technology and efficiency of heat extraction in geothermal power & heat pump
• 5.2. Market Segmentation Analysis
  • 5.2.1. Type: Potential growth and application of hybrid systems for geothermal power generation
  • 5.2.2. Component: Upgradations and advancements in the components of heat distribution subsystem and heat pumps
  • 5.2.3. Rated Capacity: Rising R&D toward the development of systems to maintain effectiveness and efficiency across infrastructure projects
  • 5.2.4. Power Plant Type: Rising demand for flash steam power plants due to their efficiency and technological simplicity
  • 5.2.5. Deployment: Prospecting future energy solutions through offshore deployment of the geothermal plants
  • 5.2.6. Deployment Type: Rise in deployment of retrofitting and modernization for updating existing structure
  • 5.2.7. End-Use: Boost in demand for geothermal power & heat pumps across the residential sector
• 5.3. Porter's Five Forces Analysis
  • 5.3.1. Threat of New Entrants
  • 5.3.2. Threat of Substitutes
  • 5.3.3. Bargaining Power of Customers
  • 5.3.4. Bargaining Power of Suppliers
  • 5.3.5. Industry Rivalry
• 5.4. PESTLE Analysis
  • 5.4.1. Political
  • 5.4.2. Economic
  • 5.4.3. Social
  • 5.4.4. Technological
  • 5.4.5. Legal
  • 5.4.6. Environmental

6. Geothermal Power & Heat Pump Market, by Type

• 6.1. Introduction
• 6.2. Closed Looped Systems
  • 6.2.1. Horizontal
  • 6.2.2. Pond/Lake
  • 6.2.3. Vertical
• 6.3. Hybrid Systems
• 6.4. Open Looped Systems

7. Geothermal Power & Heat Pump Market, by Component

• 7.1. Introduction
• 7.2. Heat Distribution Subsystem
• 7.3. Heat Pump
• 7.4. Underground Heat Collector

8. Geothermal Power & Heat Pump Market, by Rated Capacity

• 8.1. Introduction
• 8.2. 3 kW to 1500 kW
• 8.3. Less than 3 kW
• 8.4. More than 1,500 kW

9. Geothermal Power & Heat Pump Market, by Power Plant Type

• 9.1. Introduction
• 9.2. Binary Cycle
• 9.3. Dry Steam
• 9.4. Flash Steam

10. Geothermal Power & Heat Pump Market, by Deployment

• 10.1. Introduction
• 10.2. Offshore
• 10.3. Onshore

11. Geothermal Power & Heat Pump Market, by Deployment Type

• 11.1. Introduction
• 11.2. New Deployment
• 11.3. Retrofitting and Moderenization

12. Geothermal Power & Heat Pump Market, by End-Use

• 12.1. Introduction
• 12.2. Commercial
• 12.3. Industrial
  • 12.3.1. Agriculture
  • 12.3.2. Energy & Power
• 12.4. Residential

13. Americas Geothermal Power & Heat Pump Market

• 13.1. Introduction
• 13.2. Argentina
• 13.3. Brazil
• 13.4. Canada
• 13.5. Mexico
• 13.6. United States

14. Asia-Pacific Geothermal Power & Heat Pump Market

• 14.1. Introduction
• 14.2. Australia
• 14.3. China
• 14.4. India
• 14.5. Indonesia
• 14.6. Japan
• 14.7. Malaysia
• 14.8. New Zealand
• 14.9. Philippines
• 14.10. Singapore
• 14.11. South Korea
• 14.12. Taiwan
• 14.13. Thailand
• 14.14. Vietnam

15. Europe, Middle East & Africa Geothermal Power & Heat Pump Market

• 15.1. Introduction
• 15.2. Denmark
• 15.3. Egypt
• 15.4. Finland
• 15.5. France
• 15.6. Germany
• 15.7. Iceland
• 15.8. Israel
• 15.9. Italy
• 15.10. Kenya
• 15.11. Netherlands
• 15.12. Nigeria
• 15.13. Norway
• 15.14. Poland
• 15.15. Qatar
• 15.16. Russia
• 15.17. Saudi Arabia
• 15.18. South Africa
• 15.19. Spain
• 15.20. Sweden
• 15.21. Switzerland
• 15.22. Turkey
• 15.23. United Arab Emirates
• 15.24. United Kingdom

16. Competitive Landscape

• 16.1. Market Share Analysis, 2023
• 16.2. FPNV Positioning Matrix, 2023
• 16.3. Competitive Scenario Analysis
  • 16.3.1. Brightcore Energy Initiates Geothermal Project at Bard College
  • 16.3.2. Rendesco's Strategic Development of GBP 150 Million Pipeline for Ground-Source Heat Pump Rollout in the United Kingdom Housing
  • 16.3.3. Daikin Air Conditioning UK Enhances Service Network Through Strategic Acquisition
  • 16.3.4. Innovative Hybrid Energy System in South Korea Enhances Greenhouse Efficiency
  • 16.3.5. Strategic Partnership Enhances Renewable Energy Access Through Solar and Geothermal Integration
  • 16.3.6. Significant Advancement in UK's Renewable Energy Sector Through Major Ground Source Heat Pump Investment
  • 16.3.7. Innovative Advancements in Heat Pump Technology and Cooling Solutions for Mission-Critical Environments
  • 16.3.8. EHP Technology Company Unveils Innovative Geothermal Heating Solution
  • 16.3.9. HANZA and Thermia Partnered on Geothermal Solutions
  • 16.3.10. Strategic Alliance to Enhance Geothermal Energy and Storage Solutions
  • 16.3.11. Equium's Innovative Thermo-Acoustic Heat Pump Core, a Leap in Heat Efficiency
• 16.4. Strategy Analysis & Recommendation
  • 16.4.1. Baker Hughes Company
  • 16.4.2. Carrier Corporation
  • 16.4.3. ClimateMaster, Inc.
  • 16.4.4. Kensa Group Ltd
  • 16.4.5. LG Electronics Inc.

Companies Mentioned

• 1. AltaRock Energy, Inc.
• 2. Baker Hughes Company
• 3. Bostech Mechanical Ltd.
• 4. Brightcore Energy LLC
• 5. Carrier Corporation
• 6. ClimateMaster, Inc. by NIBE Industrier AB
• 7. Daikin Industries, Ltd.
• 8. Dandelion Energy, Inc.
• 9. Danfoss A/S
• 10. De Dietrich by BDR Thermea France S.A.S.
• 11. EnergySmart Alternatives, LLC
• 12. Fujitsu Limited
• 13. Geo-Flo Corporation
• 14. GeoComfort by Enertech Global, LLC
• 15. Geoflex Systems Inc.
• 16. GeoSmart Energy
• 17. GeoStar
• 18. Haier Group Corporation
• 19. Hydro-Temp Corporation
• 20. Kensa Group Ltd
• 21. LG Electronics Inc.
• 22. Maritime Geothermal Ltd.
• 23. Menerga d.o.o.
• 24. Miami Heat Pump
• 25. Mitsubishi Electric Corporation
• 26. OCHSNER Warmepumpen GmbH
• 27. Oilon Group Oy
• 28. Ormat Technologies, Inc.
• 29. Power World Machinery Equipment Co., Ltd.
• 30. Robert Bosch GmbH
• 31. Shuangliang Eco-energy Systems Co., Ltd.
• 32. Siemens AG
• 33. STIEBEL ELTRON GmbH & Co. KG
• 34. TermoShop D.o.o.
• 35. Toyesi Pty Ltd
• 36. Trane Technologies plc
• 37. WaterFurnace International, Inc.