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Global Geothermal Heat Pump Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2025-2031
Published Date: July 2025
|
Report Code: QYRE-Auto-22O12758
Home | Market Reports | Business & Industrial| Construction & Maintenance| Building Materials & Supplies
Global Geothermal Heat Pump Market Research Report 2023
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Global Geothermal Heat Pump Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2025-2031

Code: QYRE-Auto-22O12758
Report
July 2025
Pages:148
QYResearch
Buy Now with 15% Discount
DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES
FEATURED COMPANIES
Bosch Thermotechnology
Carrier
Vaillant
BDR Thermea
Modine
NIBE Industrier
STIEBEL ELTRON
Danfoss Group
Weishaupt
Swegon
Wolf
OCHSNER Warmepumpen
Mitsubishi Electric
Trane Inc
Viessmann

Geothermal Heat Pump Market Size

In 2024, the global market size of Geothermal Heat Pump was estimated to be worth US$ 4578 million and is forecast to reach approximately US$ 7903 million by 2031 with a CAGR of 8.2% during the forecast period 2025-2031.

Geothermal Heat Pump Market

Geothermal Heat Pump Market

A geothermal heat pump or ground source heat pump (GSHP) is a central heating and/or cooling system that transfers heat to or from the ground. It uses the earth all the time, without any intermittency, as a heat source (in the winter) or a heat sink (in the summer).
Global 5 largest manufacturers of Geothermal Heat Pump are Bosch Thermotechnology, Carrier, BDR Thermea, Vaillant and Nibe Industrier, which make up over 45%. Among them, Bosch Thermotechnology is the leader with about 10% market share.
Europe is the largest market, with a share over 35%, followed by North America and China, with the share about 30% and 12%. In terms of product type, Vertical Closed Loop occupies the largest share of the total market, more than 45%. In terms of product application, Commercial Buildings occupy the largest share of the total market, about 60%.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Geothermal Heat Pump, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Geothermal Heat Pump.
The Geothermal Heat Pump market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Geothermal Heat Pump market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Geothermal Heat Pump manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and regions.

Scope of Geothermal Heat Pump Market Report

Report Metric Details
Report Name Geothermal Heat Pump Market
CAGR 8.2%
Segment by Type
  • Vertical Closed Loop
  • Horizontal Closed Loop
  • Open Loop
  • Others
Segment by Application
  • Residential Buildings
  • Commercial Buildings
By Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia) Rest of Europe
  • Nordic Countries
  • Asia-Pacific (China, Japan, South Korea)
  • Southeast Asia (India, Australia)
  • Rest of Asia
  • Latin America (Mexico, Brazil)
  • Rest of Latin America
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company Bosch Thermotechnology, Carrier, Vaillant, BDR Thermea, Modine, Nibe Industrier, Mitsubishi Electric, Viessmann, Trane, Stiebel Eltron, Danfoss Group, Weishaupt, Swegon, Wolf, OCHSNER Warmepumpen
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

  • Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type and by 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 2: Sales (consumption), revenue of Geothermal Heat Pump in global and regional 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 of each country in the world.
  • Chapter 3: Detailed analysis of Geothermal Heat Pump manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
  • Chapter 4: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Geothermal Heat Pump sales, revenue, price, gross margin, sales by region, by Type, by Application, and recent development, etc.
  • Chapter 5: Provides the analysis of various market segments by Type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
  • Chapter 6: Provides the analysis of various market segments by Application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
  • Chapter 7: North America by Type, by Application and by country, sales, and revenue for each segment.
  • Chapter 8: APAC by Type, by Application and by country, sales, and revenue for each segment.
  • Chapter 9: Europe by Type, by Application and by country, sales, and revenue for each segment.
  • Chapter 10: Latin America by Type, by Application and by country, sales, and revenue for each segment.
  • Chapter 11: Middle East and Africa by Type, by Application and by country, sales, and revenue for each segment.
  • Chapter 12: Analysis of industrial chain, sales channel, key raw materials, distributors, and customers.
  • Chapter 13: 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 14: Research Findings and Conclusion.

FAQ for this report

What is the Bosch Thermotechnology, Carrier, BDR Thermea, Vaillant, Nibe Industrier share in Geothermal Heat Pump Market?

Ans: Global 5 largest manufacturers of Geothermal Heat Pump are Bosch Thermotechnology, Carrier, BDR Thermea, Vaillant and Nibe Industrier, which make up over 45%.

What is the Bosch Thermotechnology share in Geothermal Heat Pump Market?

Ans: Among them, Bosch Thermotechnology is the leader with about 10% market share.

What is the Geothermal Heat Pump Market share by region?

Ans: Europe is the largest market, with a share over 35%, followed by North America and China, with the share about 30% and 12%.

What is the Geothermal Heat Pump Market share by type?

Ans: In terms of product type, Vertical Closed Loop occupies the largest share of the total market, more than 45%.

What is the Geothermal Heat Pump Market share by application?

Ans: In terms of product application, Commercial Buildings occupy the largest share of the total market, about 60%.

Who are the main players in the Geothermal Heat Pump Market report?

Ans: The main players in the Geothermal Heat Pump Market are Bosch Thermotechnology, Carrier, Vaillant, BDR Thermea, Modine, Nibe Industrier, Mitsubishi Electric, Viessmann, Trane, Stiebel Eltron, Danfoss Group, Weishaupt, Swegon, Wolf, OCHSNER Warmepumpen

What are the Application segmentation covered in the Geothermal Heat Pump Market report?

Ans: The Applications covered in the Geothermal Heat Pump Market report are Residential Buildings, Commercial Buildings

What are the Type segmentation covered in the Geothermal Heat Pump Market report?

Ans: The Types covered in the Geothermal Heat Pump Market report are Vertical Closed Loop, Horizontal Closed Loop, Open Loop, Others

1 Study Coverage
1.1 Geothermal Heat Pump Product Introduction
1.2 Market by Type
1.2.1 Global Geothermal Heat Pump Market Size Growth Rate by Type (2020 VS 2024 VS 2031)
1.2.2 Vertical Closed Loop
1.2.3 Horizontal Closed Loop
1.2.4 Open Loop
1.2.5 Others
1.3 Market by Application
1.3.1 Global Geothermal Heat Pump Market Size Growth Rate by Application (2020 VS 2024 VS 2031)
1.3.2 Residential Buildings
1.3.3 Commercial Buildings
1.4 Study Objectives
1.5 Years Considered
2 Executive Summary
2.1 Global Geothermal Heat Pump Market Size Estimates and Forecasts
2.1.1 Global Geothermal Heat Pump Revenue 2020-2031
2.1.2 Global Geothermal Heat Pump Sales 2020-2031
2.2 Geothermal Heat Pump Market Size by Region: 2024 Versus 2031
2.3 Geothermal Heat Pump Sales by Region (2020-2031)
2.3.1 Global Geothermal Heat Pump Sales by Region: 2020-2025
2.3.2 Global Geothermal Heat Pump Sales Forecast by Region (2026-2031)
2.3.3 Global Geothermal Heat Pump Sales Market Share by Region (2020-2031)
2.4 Geothermal Heat Pump Market Estimates and Projections by Region (2026-2031)
2.4.1 Global Geothermal Heat Pump Revenue by Region: 2020-2025
2.4.2 Global Geothermal Heat Pump Revenue Forecast by Region (2026-2031)
2.4.3 Global Geothermal Heat Pump Revenue Market Share by Region (2020-2031)
3 Market Segments
3.1 Breakdown Data by Type
3.1.1 Global Geothermal Heat Pump Sales by Type (2020-2031)
3.1.1.1 Global Geothermal Heat Pump Sales Volume by Type (2020-2031)
3.1.1.2 Global Geothermal Heat Pump Sales Market Share by Type (2020-2031)
3.1.2 Global Geothermal Heat Pump Revenue by Type (2020-2031)
3.1.2.1 Global Geothermal Heat Pump Revenue by Type (2020-2031)
3.1.2.2 Global Geothermal Heat Pump Revenue Market Share by Type (2020-2031)
3.1.3 Geothermal Heat Pump Average Selling Price (ASP) by Type (2020-2031)
3.2 Breakdown Data by Application
3.2.1 Global Geothermal Heat Pump Sales by Application (2020-2031)
3.2.1.1 Global Geothermal Heat Pump Sales Volume by Application (2020-2031)
3.2.1.2 Global Geothermal Heat Pump Sales Market Share by Application (2020-2031)
3.2.2 Global Geothermal Heat Pump Revenue by Application (2020-2031)
3.2.2.1 Global Geothermal Heat Pump Revenue by Application (2020-2031)
3.2.2.2 Global Geothermal Heat Pump Revenue Market Share by Application (2020-2031)
3.2.3 Geothermal Heat Pump Average Selling Price (ASP) by Application (2020-2031)
3.3 by Type and by Application Crossing Analysis
3.3.1 Vertical Closed Loop of Geothermal Heat Pump Revenue Market Share by Application
3.3.2 Horizontal Closed Loop of Geothermal Heat Pump Revenue Market Share by Application
3.3.3 Open Loop of Geothermal Heat Pump Revenue Market Share by Application
3.3.4 Others of Geothermal Heat Pump Revenue Market Share by Application
4 Global Geothermal Heat Pump by Manufacturers
4.1 Global Top Geothermal Heat Pump Manufacturers by Sales (2020-2025)
4.1.1 Global Geothermal Heat Pump Sales by Manufacturer (2020-2025)
4.1.2 Global Geothermal Heat Pump Sales Market Share by Manufacturer (2020-2025)
4.2 Global Top Geothermal Heat Pump Manufacturers by Revenue (2020-2025)
4.2.1 Global Geothermal Heat Pump Revenue by Manufacturer (2020-2025)
4.2.2 Global Geothermal Heat Pump Revenue Share by Manufacturer (2020-2025)
4.3 Global Geothermal Heat Pump Price by Manufacturer (2020-2025)
4.4 Competitive Landscape
4.4.1 Key Geothermal Heat Pump Manufacturers Covered: Ranking by Revenue
4.4.2 Global Geothermal Heat Pump Market Concentration Ratio (CR5 and HHI) & (2020-2025)
4.4.3 Global Geothermal Heat Pump Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.5 Global Geothermal Heat Pump Manufacturing Base Distribution, Product Type
4.5.1 Geothermal Heat Pump Manufacturers Manufacturing Base Distribution, Headquarters
4.5.2 Date of International Manufacturers Enter into Geothermal Heat Pump Market
4.5.3 Manufacturers Geothermal Heat Pump Product Type and Application
4.5.4 Vertical Closed Loop Market Sales of Geothermal Heat Pump by Manufacturer
4.5.5 Horizontal Closed Loop Market Sales of Geothermal Heat Pump by Manufacturer
4.5.6 Open Loop Market Sales of Geothermal Heat Pump by Manufacturer
4.5.7 Others Market Sales of Geothermal Heat Pump by Manufacturer
4.6 Manufacturers Mergers & Acquisitions, Expansion Plans
5 Company Profiles
5.1 Bosch Thermotechnology
5.1.1 Bosch Thermotechnology Company Information
5.1.2 Bosch Thermotechnology Description, Business Overview
5.1.3 Bosch Thermotechnology Geothermal Heat Pump Products Offered
5.1.4 Bosch Thermotechnology Geothermal Heat Pump Sales, Revenue and Gross Margin (2020-2025)
5.1.5 Bosch Thermotechnology Geothermal Heat Pump Sales by Product in 2024
5.1.6 Bosch Thermotechnology Geothermal Heat Pump Sales by Application in 2024
5.1.7 Bosch Thermotechnology Geothermal Heat Pump Sales by Geographic Area in 2024
5.1.8 Bosch Thermotechnology Recent Developments
5.2 Carrier
5.2.1 Carrier Company Information
5.2.2 Carrier Description, Business Overview
5.2.3 Carrier Geothermal Heat Pump Products Offered
5.2.4 Carrier Geothermal Heat Pump Sales, Revenue and Gross Margin (2020-2025)
5.2.5 Carrier Geothermal Heat Pump Sales by Product in 2024
5.2.6 Carrier Geothermal Heat Pump Sales by Application in 2024
5.2.7 Carrier Geothermal Heat Pump Sales by Geographic Area in 2024
5.2.8 Carrier Recent Developments
5.3 Vaillant
5.3.1 Vaillant Company Information
5.3.2 Vaillant Description, Business Overview
5.3.3 Vaillant Geothermal Heat Pump Products Offered
5.3.4 Vaillant Geothermal Heat Pump Sales, Revenue and Gross Margin (2020-2025)
5.3.5 Vaillant Geothermal Heat Pump Sales by Product in 2024
5.3.6 Vaillant Geothermal Heat Pump Sales by Application in 2024
5.3.7 Vaillant Geothermal Heat Pump Sales by Geographic Area in 2024
5.3.8 Vaillant Recent Developments
5.4 BDR Thermea
5.4.1 BDR Thermea Company Information
5.4.2 BDR Thermea Description, Business Overview
5.4.3 BDR Thermea Geothermal Heat Pump Products Offered
5.4.4 BDR Thermea Geothermal Heat Pump Sales, Revenue and Gross Margin (2020-2025)
5.4.5 BDR Thermea Geothermal Heat Pump Sales by Product in 2024
5.4.6 BDR Thermea Geothermal Heat Pump Sales by Application in 2024
5.4.7 BDR Thermea Geothermal Heat Pump Sales by Geographic Area in 2024
5.4.8 BDR Thermea Recent Developments
5.5 Modine
5.5.1 Modine Company Information
5.5.2 Modine Description, Business Overview
5.5.3 Modine Geothermal Heat Pump Products Offered
5.5.4 Modine Geothermal Heat Pump Sales, Revenue and Gross Margin (2020-2025)
5.5.5 Modine Geothermal Heat Pump Sales by Product in 2024
5.5.6 Modine Geothermal Heat Pump Sales by Application in 2024
5.5.7 Modine Geothermal Heat Pump Sales by Geographic Area in 2024
5.5.8 Modine Recent Developments
5.6 Nibe Industrier
5.6.1 Nibe Industrier Company Information
5.6.2 Nibe Industrier Description, Business Overview
5.6.3 Nibe Industrier Geothermal Heat Pump Products Offered
5.6.4 Nibe Industrier Geothermal Heat Pump Sales, Revenue and Gross Margin (2020-2025)
5.6.5 Nibe Industrier Geothermal Heat Pump Sales by Product in 2024
5.6.6 Nibe Industrier Geothermal Heat Pump Sales by Application in 2024
5.6.7 Nibe Industrier Geothermal Heat Pump Sales by Geographic Area in 2024
5.6.8 Nibe Industrier Recent Developments
5.7 Mitsubishi Electric
5.7.1 Mitsubishi Electric Company Information
5.7.2 Mitsubishi Electric Description, Business Overview
5.7.3 Mitsubishi Electric Geothermal Heat Pump Products Offered
5.7.4 Mitsubishi Electric Geothermal Heat Pump Sales, Revenue and Gross Margin (2020-2025)
5.7.5 Mitsubishi Electric Geothermal Heat Pump Sales by Product in 2024
5.7.6 Mitsubishi Electric Geothermal Heat Pump Sales by Application in 2024
5.7.7 Mitsubishi Electric Geothermal Heat Pump Sales by Geographic Area in 2024
5.7.8 Mitsubishi Electric Recent Developments
5.8 Viessmann
5.8.1 Viessmann Company Information
5.8.2 Viessmann Description, Business Overview
5.8.3 Viessmann Geothermal Heat Pump Products Offered
5.8.4 Viessmann Geothermal Heat Pump Sales, Revenue and Gross Margin (2020-2025)
5.8.5 Viessmann Geothermal Heat Pump Sales by Product in 2024
5.8.6 Viessmann Geothermal Heat Pump Sales by Application in 2024
5.8.7 Viessmann Geothermal Heat Pump Sales by Geographic Area in 2024
5.8.8 Viessmann Recent Developments
5.9 Trane
5.9.1 Trane Company Information
5.9.2 Trane Description, Business Overview
5.9.3 Trane Geothermal Heat Pump Products Offered
5.9.4 Trane Geothermal Heat Pump Sales, Revenue and Gross Margin (2020-2025)
5.9.5 Trane Geothermal Heat Pump Sales by Product in 2024
5.9.6 Trane Geothermal Heat Pump Sales by Application in 2024
5.9.7 Trane Geothermal Heat Pump Sales by Geographic Area in 2024
5.9.8 Trane Recent Developments
5.10 Stiebel Eltron
5.10.1 Stiebel Eltron Company Information
5.10.2 Stiebel Eltron Description, Business Overview
5.10.3 Stiebel Eltron Geothermal Heat Pump Products Offered
5.10.4 Stiebel Eltron Geothermal Heat Pump Sales, Revenue and Gross Margin (2020-2025)
5.10.5 Stiebel Eltron Geothermal Heat Pump Sales by Product in 2024
5.10.6 Stiebel Eltron Geothermal Heat Pump Sales by Application in 2024
5.10.7 Stiebel Eltron Geothermal Heat Pump Sales by Geographic Area in 2024
5.10.8 Stiebel Eltron Recent Developments
5.11 Danfoss Group
5.11.1 Danfoss Group Company Information
5.11.2 Danfoss Group Description, Business Overview
5.11.3 Danfoss Group Geothermal Heat Pump Products Offered
5.11.4 Danfoss Group Geothermal Heat Pump Sales, Revenue and Gross Margin (2020-2025)
5.11.5 Danfoss Group Geothermal Heat Pump Sales by Product in 2024
5.11.6 Danfoss Group Geothermal Heat Pump Sales by Application in 2024
5.11.7 Danfoss Group Geothermal Heat Pump Sales by Geographic Area in 2024
5.11.8 Danfoss Group Recent Developments
5.12 Weishaupt
5.12.1 Weishaupt Company Information
5.12.2 Weishaupt Description, Business Overview
5.12.3 Weishaupt Geothermal Heat Pump Products Offered
5.12.4 Weishaupt Geothermal Heat Pump Sales, Revenue and Gross Margin (2020-2025)
5.12.5 Weishaupt Geothermal Heat Pump Sales by Product in 2024
5.12.6 Weishaupt Geothermal Heat Pump Sales by Application in 2024
5.12.7 Weishaupt Geothermal Heat Pump Sales by Geographic Area in 2024
5.12.8 Weishaupt Recent Developments
5.13 Swegon
5.13.1 Swegon Company Information
5.13.2 Swegon Description, Business Overview
5.13.3 Swegon Geothermal Heat Pump Products Offered
5.13.4 Swegon Geothermal Heat Pump Sales, Revenue and Gross Margin (2020-2025)
5.13.5 Swegon Geothermal Heat Pump Sales by Product in 2024
5.13.6 Swegon Geothermal Heat Pump Sales by Application in 2024
5.13.7 Swegon Geothermal Heat Pump Sales by Geographic Area in 2024
5.13.8 Swegon Recent Developments
5.14 Wolf
5.14.1 Wolf Company Information
5.14.2 Wolf Description, Business Overview
5.14.3 Wolf Geothermal Heat Pump Products Offered
5.14.4 Wolf Geothermal Heat Pump Sales, Revenue and Gross Margin (2020-2025)
5.14.5 Wolf Geothermal Heat Pump Sales by Product in 2024
5.14.6 Wolf Geothermal Heat Pump Sales by Application in 2024
5.14.7 Wolf Geothermal Heat Pump Sales by Geographic Area in 2024
5.14.8 Wolf Recent Developments
5.15 OCHSNER Warmepumpen
5.15.1 OCHSNER Warmepumpen Company Information
5.15.2 OCHSNER Warmepumpen Description, Business Overview
5.15.3 OCHSNER Warmepumpen Geothermal Heat Pump Products Offered
5.15.4 OCHSNER Warmepumpen Geothermal Heat Pump Sales, Revenue and Gross Margin (2020-2025)
5.15.5 OCHSNER Warmepumpen Geothermal Heat Pump Sales by Product in 2024
5.15.6 OCHSNER Warmepumpen Geothermal Heat Pump Sales by Application in 2024
5.15.7 OCHSNER Warmepumpen Geothermal Heat Pump Sales by Geographic Area in 2024
5.15.8 OCHSNER Warmepumpen Recent Developments
6 North America
6.1 North America Geothermal Heat Pump Market Size YoY Growth 2020-2031
6.2 North America Geothermal Heat Pump Market Facts & Figures by Country
6.2.1 North America Geothermal Heat Pump Sales by Country (2020-2031)
6.2.2 North America Geothermal Heat Pump Revenue by Country (2020-2031)
6.3 North America Geothermal Heat Pump Sales by Type (2020-2025)
6.4 North America Geothermal Heat Pump Sales by Application (2020-2025)
7 Asia-Pacific
7.1 Asia-Pacific Geothermal Heat Pump Market Size YoY Growth 2020-2031
7.2 Asia-Pacific Geothermal Heat Pump Market Facts & Figures by Region
7.2.1 Asia-Pacific Geothermal Heat Pump Sales by Region (2020-2031)
7.2.2 Asia-Pacific Geothermal Heat Pump Revenue by Region (2020-2031)
7.3 Asia-Pacific Geothermal Heat Pump Sales by Type (2020-2025)
7.4 Asia-Pacific Geothermal Heat Pump Sales by Application (2020-2025)
8 Europe
8.1 Europe Geothermal Heat Pump Market Size YoY Growth 2020-2031
8.2 Europe Geothermal Heat Pump Market Facts & Figures by Country
8.2.1 Europe Geothermal Heat Pump Sales by Country (2020-2031)
8.2.2 Europe Geothermal Heat Pump Revenue by Country (2020-2031)
8.3 Europe Geothermal Heat Pump Sales by Type (2020-2025)
8.4 Europe Geothermal Heat Pump Sales by Application (2020-2025)
9 Latin America
9.1 Latin America Geothermal Heat Pump Market Size YoY Growth 2020-2031
9.2 Latin America Geothermal Heat Pump Market Facts & Figures by Country
9.2.1 Latin America Geothermal Heat Pump Sales by Country (2020-2031)
9.2.2 Latin America Geothermal Heat Pump Revenue by Country (2020-2031)
9.3 Latin America Geothermal Heat Pump Sales by Type (2020-2025)
9.4 Latin America Geothermal Heat Pump Sales by Application (2020-2025)
10 Middle East and Africa
10.1 Latin America Geothermal Heat Pump Market Size YoY Growth 2020-2031
10.2 Middle East and Africa Geothermal Heat Pump Market Facts & Figures by Country
10.2.1 Middle East and Africa Geothermal Heat Pump Sales by Country (2020-2031)
10.2.2 Middle East and Africa Geothermal Heat Pump Revenue by Country (2020-2031)
10.3 Middle East and Africa Geothermal Heat Pump Sales by Type (2020-2025)
10.4 Middle East and Africa Geothermal Heat Pump Sales by Application (2020-2025)
11 Supply Chain and Sales Channel analysis
11.1 Geothermal Heat Pump Supply Chain Analysis
11.2 Geothermal Heat Pump Key Raw Materials and Upstream Suppliers
11.3 Geothermal Heat Pump Clients Analysis
11.4 Geothermal Heat Pump Sales Channel and Sales Model Analysis
11.4.1 Geothermal Heat Pump Distribution Channel Analysis: Indirect Sales VS Direct Sales
11.4.2 Geothermal Heat Pump Distribution Channel Analysis: Online Sales VS Offline Sales
11.4.3 Geothermal Heat Pump Distributors
12 Geothermal Heat Pump Market Dynamics
12.1 Geothermal Heat Pump Industry Trends
12.2 Geothermal Heat Pump Market Drivers
12.3 Geothermal Heat Pump Market Challenges
12.4 Geothermal Heat Pump Market Restraints
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.1.1 Research Programs/Design
14.1.1.2 Market Size Estimation
14.1.1.3 Market Breakdown and Data Triangulation
14.1.2 Data Source
14.1.2.1 Secondary Sources
14.1.2.2 Primary Sources
14.2 Author Details
14.3 Disclaimer
FEATURED COMPANIES
Bosch Thermotechnology
Carrier
Vaillant
BDR Thermea
Modine
NIBE Industrier
STIEBEL ELTRON
Danfoss Group
Weishaupt
Swegon
Wolf
OCHSNER Warmepumpen
Mitsubishi Electric
Trane Inc
Viessmann
List of Tables
 Table 1. Global Geothermal Heat Pump Market Size Growth Rate by Type (US$ Million): 2020 VS 2024 VS 2031
 Table 2. Global Geothermal Heat Pump Market Size Growth by Application (US$ Million): 2020 VS 2024 VS 2031
 Table 3. Global Geothermal Heat Pump Market Size by Region (US$ Million): 2024 VS 2031
 Table 4. Global Geothermal Heat Pump Sales by Region (2020-2025) & (K Units)
 Table 5. Global Geothermal Heat Pump Sales Forecast by Region (2026-2031) & (K Units)
 Table 6. Global Geothermal Heat Pump Revenue by Region (2020-2025) & (US$ Million)
 Table 7. Global Geothermal Heat Pump Revenue Forecast by Region (2026-2031) & (US$ Million)
 Table 8. Global Geothermal Heat Pump Sales Volume by Type (2020-2025) & (K Units)
 Table 9. Global Geothermal Heat Pump Sales Volume by Type (2026-2031) & (K Units)
 Table 10. Global Geothermal Heat Pump Revenue by Type (2020-2025) & (US$ Million)
 Table 11. Global Geothermal Heat Pump Revenue Forecast by Type (2026-2031) & (US$ Million)
 Table 12. Global Geothermal Heat Pump Sales Volume by Application (2020-2025) & (K Units)
 Table 13. Global Geothermal Heat Pump Sales Volume by Application (2026-2031) & (K Units)
 Table 14. Global Geothermal Heat Pump Revenue by Application (2020-2025) & (US$ Million)
 Table 15. Global Geothermal Heat Pump Revenue by Application (2026-2031) & (US$ Million)
 Table 16. Global Geothermal Heat Pump Sales by Manufacturer (2020-2025) & (K Units)
 Table 17. Global Geothermal Heat Pump Sales Share by Manufacturer (2020-2025)
 Table 18. Geothermal Heat Pump Revenue by Manufacturer (2020-2025) & (US$ Million)
 Table 19. Geothermal Heat Pump Revenue Share by Manufacturer (2020-2025)
 Table 20. Key Manufacturers Geothermal Heat Pump Price (2020-2025) & (USD/Unit)
 Table 21. Ranking of Global Top Geothermal Heat Pump Manufacturers by Revenue (US$ Million) in 2024
 Table 22. Global Geothermal Heat Pump Manufacturers Market Concentration Ratio (CR5 and HHI) & (2020-2025)
 Table 23. Global Geothermal Heat Pump by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Geothermal Heat Pump as of 2024)
 Table 24. Geothermal Heat Pump Manufacturers Manufacturing Base Distribution and Headquarters
 Table 25. Date of International Manufacturers Enter into Geothermal Heat Pump Market
 Table 26. Manufacturers Geothermal Heat Pump Product Type and Application
 Table 27. Manufacturers Mergers & Acquisitions, Expansion Plans
 Table 28. Bosch Thermotechnology Company Information
 Table 29. Bosch Thermotechnology Description and Business Overview
 Table 30. Bosch Thermotechnology Geothermal Heat Pump Product
 Table 31. Bosch Thermotechnology Geothermal Heat Pump Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 32. Bosch Thermotechnology Sales Proportion of Geothermal Heat Pump by Product in 2024
 Table 33. Bosch Thermotechnology Sales Proportion of Geothermal Heat Pump by Application in 2024
 Table 34. Bosch Thermotechnology Sales Proportion of Geothermal Heat Pump by Geographic Area in 2024
 Table 35. Bosch Thermotechnology Recent Developments
 Table 36. Carrier Company Information
 Table 37. Carrier Description and Business Overview
 Table 38. Carrier Geothermal Heat Pump Product
 Table 39. Carrier Geothermal Heat Pump Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 40. Carrier Sales Proportion of Geothermal Heat Pump by Product in 2024
 Table 41. Carrier Sales Proportion of Geothermal Heat Pump by Application in 2024
 Table 42. Carrier Sales Proportion of Geothermal Heat Pump by Geographic Area in 2024
 Table 43. Carrier Recent Developments
 Table 44. Vaillant Company Information
 Table 45. Vaillant Description and Business Overview
 Table 46. Vaillant Geothermal Heat Pump Product
 Table 47. Vaillant Geothermal Heat Pump Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 48. Vaillant Sales Proportion of Geothermal Heat Pump by Product in 2024
 Table 49. Vaillant Sales Proportion of Geothermal Heat Pump by Application in 2024
 Table 50. Vaillant Sales Proportion of Geothermal Heat Pump by Geographic Area in 2024
 Table 51. Vaillant Recent Developments
 Table 52. BDR Thermea Company Information
 Table 53. BDR Thermea Description and Business Overview
 Table 54. BDR Thermea Geothermal Heat Pump Product
 Table 55. BDR Thermea Geothermal Heat Pump Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 56. BDR Thermea Sales Proportion of Geothermal Heat Pump by Product in 2024
 Table 57. BDR Thermea Sales Proportion of Geothermal Heat Pump by Application in 2024
 Table 58. BDR Thermea Sales Proportion of Geothermal Heat Pump by Geographic Area in 2024
 Table 59. BDR Thermea Recent Developments
 Table 60. Modine Company Information
 Table 61. Modine Description and Business Overview
 Table 62. Modine Geothermal Heat Pump Product
 Table 63. Modine Geothermal Heat Pump Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 64. Modine Sales Proportion of Geothermal Heat Pump by Product in 2024
 Table 65. Modine Sales Proportion of Geothermal Heat Pump by Application in 2024
 Table 66. Modine Sales Proportion of Geothermal Heat Pump by Geographic Area in 2024
 Table 67. Modine Recent Developments
 Table 68. Nibe Industrier Company Information
 Table 69. Nibe Industrier Description and Business Overview
 Table 70. Nibe Industrier Geothermal Heat Pump Product
 Table 71. Nibe Industrier Geothermal Heat Pump Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 72. Nibe Industrier Sales Proportion of Geothermal Heat Pump by Product in 2024
 Table 73. Nibe Industrier Sales Proportion of Geothermal Heat Pump by Application in 2024
 Table 74. Nibe Industrier Sales Proportion of Geothermal Heat Pump by Geographic Area in 2024
 Table 75. Nibe Industrier Recent Developments
 Table 76. Mitsubishi Electric Company Information
 Table 77. Mitsubishi Electric Description and Business Overview
 Table 78. Mitsubishi Electric Geothermal Heat Pump Product
 Table 79. Mitsubishi Electric Geothermal Heat Pump Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 80. Mitsubishi Electric Sales Proportion of Geothermal Heat Pump by Product in 2024
 Table 81. Mitsubishi Electric Sales Proportion of Geothermal Heat Pump by Application in 2024
 Table 82. Mitsubishi Electric Sales Proportion of Geothermal Heat Pump by Geographic Area in 2024
 Table 83. Mitsubishi Electric Recent Developments
 Table 84. Viessmann Company Information
 Table 85. Viessmann Description and Business Overview
 Table 86. Viessmann Geothermal Heat Pump Product
 Table 87. Viessmann Geothermal Heat Pump Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 88. Viessmann Sales Proportion of Geothermal Heat Pump by Product in 2024
 Table 89. Viessmann Sales Proportion of Geothermal Heat Pump by Application in 2024
 Table 90. Viessmann Sales Proportion of Geothermal Heat Pump by Geographic Area in 2024
 Table 91. Viessmann Recent Developments
 Table 92. Trane Company Information
 Table 93. Trane Description and Business Overview
 Table 94. Trane Geothermal Heat Pump Product
 Table 95. Trane Geothermal Heat Pump Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 96. Trane Sales Proportion of Geothermal Heat Pump by Product in 2024
 Table 97. Trane Sales Proportion of Geothermal Heat Pump by Application in 2024
 Table 98. Trane Sales Proportion of Geothermal Heat Pump by Geographic Area in 2024
 Table 99. Trane Recent Developments
 Table 100. Stiebel Eltron Company Information
 Table 101. Stiebel Eltron Description and Business Overview
 Table 102. Stiebel Eltron Geothermal Heat Pump Product
 Table 103. Stiebel Eltron Geothermal Heat Pump Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 104. Stiebel Eltron Sales Proportion of Geothermal Heat Pump by Product in 2024
 Table 105. Stiebel Eltron Sales Proportion of Geothermal Heat Pump by Application in 2024
 Table 106. Stiebel Eltron Sales Proportion of Geothermal Heat Pump by Geographic Area in 2024
 Table 107. Stiebel Eltron Recent Developments
 Table 108. Danfoss Group Company Information
 Table 109. Danfoss Group Description and Business Overview
 Table 110. Danfoss Group Geothermal Heat Pump Product
 Table 111. Danfoss Group Geothermal Heat Pump Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 112. Danfoss Group Sales Proportion of Geothermal Heat Pump by Product in 2024
 Table 113. Danfoss Group Sales Proportion of Geothermal Heat Pump by Application in 2024
 Table 114. Danfoss Group Sales Proportion of Geothermal Heat Pump by Geographic Area in 2024
 Table 115. Danfoss Group Recent Developments
 Table 116. Weishaupt Company Information
 Table 117. Weishaupt Description and Business Overview
 Table 118. Weishaupt Geothermal Heat Pump Product
 Table 119. Weishaupt Geothermal Heat Pump Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 120. Weishaupt Sales Proportion of Geothermal Heat Pump by Product in 2024
 Table 121. Weishaupt Sales Proportion of Geothermal Heat Pump by Application in 2024
 Table 122. Weishaupt Sales Proportion of Geothermal Heat Pump by Geographic Area in 2024
 Table 123. Weishaupt Recent Developments
 Table 124. Swegon Company Information
 Table 125. Swegon Description and Business Overview
 Table 126. Swegon Geothermal Heat Pump Product
 Table 127. Swegon Geothermal Heat Pump Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 128. Swegon Sales Proportion of Geothermal Heat Pump by Product in 2024
 Table 129. Swegon Sales Proportion of Geothermal Heat Pump by Application in 2024
 Table 130. Swegon Sales Proportion of Geothermal Heat Pump by Geographic Area in 2024
 Table 131. Swegon Recent Developments
 Table 132. Wolf Company Information
 Table 133. Wolf Description and Business Overview
 Table 134. Wolf Geothermal Heat Pump Product
 Table 135. Wolf Geothermal Heat Pump Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 136. Wolf Sales Proportion of Geothermal Heat Pump by Product in 2024
 Table 137. Wolf Sales Proportion of Geothermal Heat Pump by Application in 2024
 Table 138. Wolf Sales Proportion of Geothermal Heat Pump by Geographic Area in 2024
 Table 139. Wolf Recent Developments
 Table 140. OCHSNER Warmepumpen Company Information
 Table 141. OCHSNER Warmepumpen Description and Business Overview
 Table 142. OCHSNER Warmepumpen Geothermal Heat Pump Product
 Table 143. OCHSNER Warmepumpen Geothermal Heat Pump Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 144. OCHSNER Warmepumpen Sales Proportion of Geothermal Heat Pump by Product in 2024
 Table 145. OCHSNER Warmepumpen Sales Proportion of Geothermal Heat Pump by Application in 2024
 Table 146. OCHSNER Warmepumpen Sales Proportion of Geothermal Heat Pump by Geographic Area in 2024
 Table 147. OCHSNER Warmepumpen Recent Developments
 Table 148. North America Geothermal Heat Pump Sales by Country (2020-2025) & (K Units)
 Table 149. North America Geothermal Heat Pump Sales by Country (2026-2031) & (K Units)
 Table 150. North America Geothermal Heat Pump Revenue by Country (2020-2025) & (US$ Million)
 Table 151. North America Geothermal Heat Pump Revenue by Country (2026-2031) & (US$ Million)
 Table 152. North America Geothermal Heat Pump Sales by Type (2020-2025) & (K Units)
 Table 153. North America Geothermal Heat Pump Sales by Application (2020-2025) & (K Units)
 Table 154. Asia-Pacific Geothermal Heat Pump Sales by Region (2020-2025) & (K Units)
 Table 155. Asia-Pacific Geothermal Heat Pump Sales by Region (2026-2031) & (K Units)
 Table 156. Asia-Pacific Geothermal Heat Pump Revenue by Region (2020-2025) & (US$ Million)
 Table 157. Asia-Pacific Geothermal Heat Pump Revenue by Region (2026-2031) & (US$ Million)
 Table 158. Asia-Pacific Geothermal Heat Pump Sales by Type (2020-2025) & (K Units)
 Table 159. Asia-Pacific Geothermal Heat Pump Sales by Application (2020-2025) & (K Units)
 Table 160. Europe Geothermal Heat Pump Sales by Country (2020-2025) & (K Units)
 Table 161. Europe Geothermal Heat Pump Sales by Country (2026-2031) & (K Units)
 Table 162. Europe Geothermal Heat Pump Revenue by Country (2020-2025) & (US$ Million)
 Table 163. Europe Geothermal Heat Pump Revenue by Country (2026-2031) & (US$ Million)
 Table 164. Europe Geothermal Heat Pump Sales by Type (2020-2025) & (K Units)
 Table 165. Europe Geothermal Heat Pump Sales by Application (2020-2025) & (K Units)
 Table 166. Latin America Geothermal Heat Pump Sales by Country (2020-2025) & (K Units)
 Table 167. Latin America Geothermal Heat Pump Sales by Country (2026-2031) & (K Units)
 Table 168. Latin America Geothermal Heat Pump Revenue by Country (2020-2025) & (US$ Million)
 Table 169. Latin America Geothermal Heat Pump Revenue by Country (2026-2031) & (US$ Million)
 Table 170. Latin America Geothermal Heat Pump Sales by Type (2020-2025) & (K Units)
 Table 171. Latin America Geothermal Heat Pump Sales by Application (2020-2025) & (K Units)
 Table 172. Middle East and Africa Geothermal Heat Pump Sales by Country (2020-2025) & (K Units)
 Table 173. Middle East and Africa Geothermal Heat Pump Sales by Country (2026-2031) & (K Units)
 Table 174. Middle East and Africa Geothermal Heat Pump Revenue by Country (2020-2025) & (US$ Million)
 Table 175. Middle East and Africa Geothermal Heat Pump Revenue by Country (2026-2031) & (US$ Million)
 Table 176. Middle East and Africa Geothermal Heat Pump Sales by Type (2020-2025) & (K Units)
 Table 177. Middle East and Africa Geothermal Heat Pump Sales by Application (2020-2025) & (K Units)
 Table 178. Geothermal Heat Pump Key Raw Materials, Industry Status and Trend
 Table 179. Geothermal Heat Pump Key Raw Materials and Upstream Suppliers
 Table 180. Geothermal Heat Pump Clients Status and Trend
 Table 181. Geothermal Heat Pump Typical Clients
 Table 182. Geothermal Heat Pump Distributors
 Table 183. Geothermal Heat Pump Market Trends
 Table 184. Geothermal Heat Pump Market Drivers
 Table 185. Geothermal Heat Pump Market Challenges
 Table 186. Geothermal Heat Pump Market Restraints
 Table 187. Research Programs/Design for This Report
 Table 188. Key Data Information from Secondary Sources
 Table 189. Key Data Information from Primary Sources
 Table 190. QYR Business Unit and Senior & Team Lead Analysts


List of Figures
 Figure 1. Geothermal Heat Pump Product Picture
 Figure 2. Global Geothermal Heat Pump Market Size by Type (US$ Million): 2020 VS 2024 VS 2031
 Figure 3. Global Geothermal Heat Pump Sales Market Share by Type in 2024 & 2031
 Figure 4. Vertical Closed Loop Product Picture
 Figure 5. Horizontal Closed Loop Product Picture
 Figure 6. Open Loop Product Picture
 Figure 7. Others Product Picture
 Figure 8. Global Geothermal Heat Pump Market Size by Application (US$ Million): 2020 VS 2024 VS 2031
 Figure 9. Global Geothermal Heat Pump Sales Market Share by Application in 2024 & 2031
 Figure 10. Residential Buildings
 Figure 11. Commercial Buildings
 Figure 12. Geothermal Heat Pump Report Years Considered
 Figure 13. Global Geothermal Heat Pump Revenue, (US$ Million), 2020 VS 2024 VS 2031
 Figure 14. Global Geothermal Heat Pump Market Size 2020-2031 (US$ Million)
 Figure 15. Global Geothermal Heat Pump Sales 2020-2031 (K Units)
 Figure 16. Global Geothermal Heat Pump Sales Market Share Forecast by Region (2020-2031)
 Figure 17. Global Geothermal Heat Pump Revenue Market Share by Region (2020-2031)
 Figure 18. Global Geothermal Heat Pump Sales Market Share Forecast by Type (2020-2031)
 Figure 19. Global Geothermal Heat Pump Revenue Market Share Forecast by Type (2020-2031)
 Figure 20. Geothermal Heat Pump Average Selling Price (ASP) by Type (2020-2025) & (USD/Unit)
 Figure 21. Global Geothermal Heat Pump Sales Market Share Forecast by Application (2020-2031)
 Figure 22. Global Geothermal Heat Pump Revenue Market Share Forecast by Application (2020-2031)
 Figure 23. Geothermal Heat Pump Average Selling Price (ASP) by Application (2020-2025) & (USD/Unit)
 Figure 24. Vertical Closed Loop of Geothermal Heat Pump Revenue Market Share by Application, 2024 VS 2031
 Figure 25. Horizontal Closed Loop of Geothermal Heat Pump Revenue Market Share by Application, 2024 VS 2031
 Figure 26. Open Loop of Geothermal Heat Pump Revenue Market Share by Application, 2024 VS 2031
 Figure 27. Others of Geothermal Heat Pump Revenue Market Share by Application, 2024 VS 2031
 Figure 28. Global Geothermal Heat Pump Sales Share by Manufacturer in 2024
 Figure 29. Geothermal Heat Pump Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
 Figure 30. Vertical Closed Loop Market Sales Proportion by Manufacturer in 2024
 Figure 31. Horizontal Closed Loop Market Sales Proportion by Manufacturer in 2024
 Figure 32. Open Loop Market Sales Proportion by Manufacturer in 2024
 Figure 33. Others Market Sales Proportion by Manufacturer in 2024
 Figure 34. North America Geothermal Heat Pump Revenue 2020-2031 (US$ Million)
 Figure 35. North America Geothermal Heat Pump Sales Market Share by Type (2020-2025)
 Figure 36. North America Geothermal Heat Pump Sales Market Share by Application (2020-2025)
 Figure 37. Asia-Pacific Geothermal Heat Pump Revenue 2020-2031 (US$ Million)
 Figure 38. Asia-Pacific Geothermal Heat Pump Sales Market Share by Region (2020-2031)
 Figure 39. Asia-Pacific Geothermal Heat Pump Revenue Market Share by Region (2020-2031)
 Figure 40. Asia-Pacific Geothermal Heat Pump Sales Market Share by Type (2020-2025)
 Figure 41. Asia-Pacific Geothermal Heat Pump Sales Market Share by Application (2020-2025)
 Figure 42. Europe Geothermal Heat Pump Revenue Growth Rate 2020-2031 (US$ Million)
 Figure 43. Europe Geothermal Heat Pump Sales Market Share by Country (2020-2031)
 Figure 44. Europe Geothermal Heat Pump Revenue Market Share by Country (2020-2031)
 Figure 45. Europe Geothermal Heat Pump Sales Market Share by Type (2020-2025)
 Figure 46. Europe Geothermal Heat Pump Sales Market Share by Application (2020-2025)
 Figure 47. Latin America Geothermal Heat Pump Revenue Growth Rate 2020-2031 (US$ Million)
 Figure 48. Latin America Geothermal Heat Pump Sales Market Share by Country (2020-2031)
 Figure 49. Latin America Geothermal Heat Pump Revenue Market Share by Country (2020-2025)
 Figure 50. Latin America Geothermal Heat Pump Sales Market Share by Type (2020-2025)
 Figure 51. Latin America Geothermal Heat Pump Sales Market Share by Application (2020-2025)
 Figure 52. Middle East and Africa Geothermal Heat Pump Revenue Growth Rate 2020-2031 (US$ Million)
 Figure 53. Middle East and Africa Geothermal Heat Pump Sales Market Share by Country (2020-2031)
 Figure 54. Middle East and Africa Geothermal Heat Pump Revenue Market Share by Country (2020-2031)
 Figure 55. Middle East and Africa Geothermal Heat Pump Sales Market Share by Type (2020-2025)
 Figure 56. Middle East and Africa Geothermal Heat Pump Sales Market Share by Application (2020-2025)
 Figure 57. Geothermal Heat Pump Supply Chain (Upstream and Downstream Market)
 Figure 58. Global Production Market Share of Geothermal Heat Pump Raw Materials by Region in 2024
 Figure 59. Geothermal Heat Pump Distribution Channels
 Figure 60. Global Geothermal Heat Pump Percentage 2020-2031: Indirect Sales VS Direct Sales
 Figure 61. Global Geothermal Heat Pump Percentage 2020-2031: Online Sales VS Offline Sales
 Figure 62. Bottom-up and Top-down Approaches for This Report
 Figure 63. Data Triangulation
 Figure 64. Key Executives Interviewed
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