United States Geothermal Heat Pump Market Size & Outlook, 2025-2033

United States Geothermal Heat Pump Market Highlights

According to Market Strides analysis, the United States Geothermal Heat Pump Market size was USD 0.69 Million in 2024 and is projected to reach USD 1.19 Million by 2033.
The United States market is projected to grow at a CAGR of 6.18% between 2025 and 2033.
By segment, Closed Loop emerged as the largest By Type in terms of market size in 2024.
Closed Loop is anticipated to remain the most attractive By Type segment, recording the fastest growth during the forecast period.

United States Geothermal Heat Pump Market Overview

Source: MS Analysis Company Publications, Primary Interviews.

Other Key Findings

United States contributed 50% to the global Geothermal Heat Pump Market size in 2024.
By 2033, United States is forecasted to remain the largest global market for Geothermal Heat Pump Market.
In North America, United States is projected to capture the leading share of market by 2033.
Among North America markets, United States is expected to post the fastest growth, reaching USD 30555.21 Million by 2033.

Report Summary

Report Scope	Details
Base Year for Study	2024
Study Period	2021-2033
Historical Period	2021-2023
Forecast Period	2025-2033
Market Size In 2024	USD 0.69 Million
Market Size In 2033	USD 1.19 Million
Largest segment	Closed Loop
Units	Revenue in USD Million
CAGR	6.18% (2025-2033)
Segmnetation Covered
By Type	Closed Loop Open Loop Hybrid
By Application	Residential Commercial Industrial
By System Design	Horizontal Vertical Pond/Lake
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

United States Geothermal Heat Pump Market By Type 2025-2033 (USD Million)

By Type	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Closed Loop	XX.x	XX.x	XX.x	0.31	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Open Loop	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Hybrid	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

United States Geothermal Heat Pump Market By Application 2025-2033 (USD Million)

By Application	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Residential	XX.x	XX.x	XX.x	0.31	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Commercial	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Industrial	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

United States Geothermal Heat Pump Market By System Design 2025-2033 (USD Million)

By System Design	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Horizontal	XX.x	XX.x	XX.x	0.38	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Vertical	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Pond/Lake	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

Author :

Market Strides Research Team

The Market Strides Research Team delivers concise, data-driven insights across Construction & Manufacturing, Energy & Power, and Machinery & Equipment markets. With expertise covering materials, machinery, automation, infrastructure, power systems, renewables, and industrial technologies, the team provides reliable research and clear market intelligence for global businesses and decision-makers.