| Product Code: ETC4660379 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
Despite a decrease in CAGR and negative growth rate in 2024, Lithuania continued to import geothermal heat pumps primarily from Ireland, Germany, Italy, Croatia, and Poland. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market among these top exporting countries. The challenging market conditions in 2024 may have influenced the declining growth rates, but the consistent import activity highlights the importance of geothermal energy in Lithuania`s sustainable heating solutions.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Lithuania Geothermal Heat Pumps Market Overview |
3.1 Lithuania Country Macro Economic Indicators |
3.2 Lithuania Geothermal Heat Pumps Market Revenues & Volume, 2021 & 2031F |
3.3 Lithuania Geothermal Heat Pumps Market - Industry Life Cycle |
3.4 Lithuania Geothermal Heat Pumps Market - Porter's Five Forces |
3.5 Lithuania Geothermal Heat Pumps Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Lithuania Geothermal Heat Pumps Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Lithuania Geothermal Heat Pumps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government initiatives and subsidies to promote renewable energy sources |
4.2.2 Growing awareness and adoption of environmentally friendly heating solutions |
4.2.3 Rising energy prices leading to higher demand for energy-efficient heating systems |
4.3 Market Restraints |
4.3.1 High upfront installation costs of geothermal heat pump systems |
4.3.2 Limited availability of suitable geothermal resources in Lithuania |
4.3.3 Lack of skilled professionals for installation and maintenance of geothermal heat pumps |
5 Lithuania Geothermal Heat Pumps Market Trends |
6 Lithuania Geothermal Heat Pumps Market Segmentations |
6.1 Lithuania Geothermal Heat Pumps Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Lithuania Geothermal Heat Pumps Market Revenues & Volume, By Closed Loop, 2021-2031F |
6.1.3 Lithuania Geothermal Heat Pumps Market Revenues & Volume, By Open Loop, 2021-2031F |
6.2 Lithuania Geothermal Heat Pumps Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Lithuania Geothermal Heat Pumps Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Lithuania Geothermal Heat Pumps Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.4 Lithuania Geothermal Heat Pumps Market Revenues & Volume, By Industrial, 2021-2031F |
7 Lithuania Geothermal Heat Pumps Market Import-Export Trade Statistics |
7.1 Lithuania Geothermal Heat Pumps Market Export to Major Countries |
7.2 Lithuania Geothermal Heat Pumps Market Imports from Major Countries |
8 Lithuania Geothermal Heat Pumps Market Key Performance Indicators |
8.1 Average annual growth rate of geothermal heat pump installations |
8.2 Percentage increase in government incentives for renewable energy projects |
8.3 Number of accredited training programs for geothermal heat pump technicians |
9 Lithuania Geothermal Heat Pumps Market - Opportunity Assessment |
9.1 Lithuania Geothermal Heat Pumps Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Lithuania Geothermal Heat Pumps Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Lithuania Geothermal Heat Pumps Market - Competitive Landscape |
10.1 Lithuania Geothermal Heat Pumps Market Revenue Share, By Companies, 2024 |
10.2 Lithuania Geothermal Heat Pumps Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |