WaterFurnace International
WaterFurnace International is a Fort Wayne, Indiana-based manufacturer of geothermal and water source heat pump systems for residential and commercial buildings, operating as a subsidiary of NIBE Energy Systems and distributing through a GeoPro dealer and commercial representative network across global markets.
- Company typePrivate
- Founded1983
- HeadquartersFort Wayne, United States
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What WaterFurnace International does
WaterFurnace International, Inc. is a Fort Wayne, Indiana-based manufacturer of geothermal and water source heat pump systems for residential, commercial, industrial, and institutional applications, founded in 1983 and operating as a subsidiary of Swedish sustainable heating conglomerate NIBE Energy Systems. The company designs and builds a full product portfolio spanning residential forced-air and hydronic units (3, 5, and 7 Series) and commercial water source heat pumps and chillers (Versatec 300/500/700 line and TruClimate 100/300/500/700/900 line), supported by the Aurora Controls platform (with BACnet/N2 building automation integration), the Symphony 3.0 cloud-based monitoring system, and complementary tools including WeDoGeo configuration software and BEST energy modeling.
The core technology transfers heat to and from the earth through buried closed-loop or open-loop ground heat exchangers, achieving COP ratings of 3-4.7 and delivering 50-70% heating and cooling cost savings relative to conventional HVAC. Commercial systems employ variable speed scroll and screw compressors with vapor injection for cold-climate operation, and the company has transitioned to R-454B low-GWP refrigerant in line with A2L regulatory requirements.
Revenue is generated through hardware sales distributed via two distinct channel motions: the GeoPro independent dealer network for residential installations across all 50 U.S. states, and a commercial representative network supported by territory managers for institutional projects. The company maintains a global distribution footprint spanning North America, Europe, Asia Pacific, the Middle East, Latin America, and Africa. Operations recently expanded via a $14 million, 173,000-square-foot headquarters expansion completed in 2024, with announced price increases in 2026 to offset tariff exposure on imported HVAC components. Customer deployments include major education, government, healthcare, transportation, and sports facility projects, with financing incentives leveraged through federal tax credit programs.
WaterFurnace International firmographics
Firmographics- Name
- WaterFurnace International
- Legal name
- WaterFurnace International, Inc.
- Website
- https://waterfurnace.com
- Company type
- Private
- Founded year
- 1983
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- WaterFurnace International is a Fort Wayne, Indiana-based manufacturer of geothermal and water source heat pump systems for residential and commercial buildings, operating as a subsidiary of NIBE Energy Systems and distributing through a GeoPro dealer and commercial representative network across global markets.
- Ownership category
- akta.pro rank
WaterFurnace International industry classification
Industry- Product category
- Geothermal and Water Source Heat Pumps
- NAICS
- Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414)
- SIC
- Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)
- akta.pro primary industry
- Geothermal Heat Pumps & Ground-Source Systems (Residential/Commercial, Drilling/Loop Installation) (EUAMAEAH)
- akta.pro secondary industries
- Heat Pumps (Air/Water/Ground Source) (IMAHAKAF), Heat Exchangers, Coils & Hydronic HVAC Components (IMADANAF)
Keywords
Where WaterFurnace International is headquartered
LocationHeadquarters
- HQ city
- Fort Wayne
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
WaterFurnace International business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Geothermal Heat Pump Sales: WaterFurnace generates revenue primarily through the sale of geothermal and water source heat pump equipment to residential and commercial customers through dealer and rep networks.
- Commercial Chiller Sales: Sale of commercial and industrial chillers including TruClimate series for large-scale heating and cooling applications in commercial buildings.
- Dealer/Partner Network: Revenue generated through network of independent GeoPro certified dealers and commercial representatives who sell and install WaterFurnace products.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | HVAC equipment pricing affected by tariffs |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
WaterFurnace International product offering
Product offeringCore offering
WaterFurnace International designs, manufactures, and distributes geothermal and water source heat pump systems for residential, commercial, industrial, and institutional heating, cooling, and hot water applications. The portfolio spans residential forced-air, split, and hydronic geothermal units (3, 5, and 7 Series), commercial water source heat pumps (Versatec 300/500/700 plus rooftop and DOAS variants), commercial chillers (TruClimate 100/300/500/700/900), and the Aurora and Symphony controls platforms. Equipment is sold indirectly through a GeoPro certified residential dealer network, commercial representatives, and an international distributor footprint.
Product overview
WaterFurnace International is a manufacturer of geothermal and water source heat pump systems for residential, commercial, and industrial applications. The product portfolio consists of two main segments: Residential Geothermal Heat Pumps (3, 5, and 7 Series in various configurations including forced air all-in-one, split systems, and hydronic radiant) and Commercial Water Source/Geothermal Solutions (Versatec WSHP product line including Versatec 700, 500, 300 and console variants; Versatec Rooftop WSHP; Versatec 700 Indoor DOAS; and TruClimate Chiller product line including TruClimate 900, 700, 500, 300, and 100 models with domestic hot water variant). The ecosystem is supported by Aurora Controls (Aurora Base Controller, Aurora UPC2 DDC with BACnet/N2 support, and HydroLink2 for chillers), the Symphony Platform for residential remote monitoring, IntelliZone2 zoning, and design tools including WeDoGeo and BEST Software. Products utilize R-454B low GWP refrigerant and are distributed through the GeoPro Dealer Network for residential and Commercial Rep network for commercial applications.
Differentiator
Problem solved
Functional benefit
Brands
- TruClimate: Commercial chiller product line including TruClimate 100, 300, 500, 700, and 900 models for water heating and cooling applications.
- Versatec
- Symphony
- GeoPro
Products and services
- 7 Series Residential Geothermal Heat Pump Premium tier variable-capacity residential geothermal heat pump available in forced air all-in-one (700A11), indoor split (700R11), and OptiDry reheat coil dehumidification configurations for new construction and replacement markets.
- 5 Series Residential Geothermal Heat Pump Mid-tier residential geothermal heat pump available in multiple configurations including forced air all-in-one (500A11), indoor split (500R11), outdoor split (500RO11), hydronic combo (508C11), and water-to-water (504W11, 500W11).
- 3 Series Residential Geothermal Heat Pump Entry-level forced air all-in-one (300A11) residential geothermal heat pump providing heating and cooling for cost-conscious homeowners.
- Versatec 700 WSHP Premium variable-speed commercial water source/geothermal heat pump with 2-15 ton capacity, up to 25.0 EER and 7.8 COP, 25-100% capacity range with 4:1 turndown for load matching, and Aurora controls integration.
- Versatec 500 WSHP Large capacity commercial water source/geothermal heat pump with 0.75-30 ton capacity, up to 21.6 EER and 6.4 COP, compact footprint up to 48% smaller than previous models, and single or dual-stage compressor options; available via Quick Ship Program.
- Versatec 300 WSHP Mid-tier commercial water source heat pump with 0.5-6 ton capacity, up to 18.9 EER and 5.2 COP, available through the Quick Ship Program for rapid deployment.
- Versatec 300 & 500 Consoles Console-style water source heat pumps for high-efficiency retrofits in areas without common ductwork, with 0.75-1.5 ton capacity, up to 13.6 EER and 4.9 COP.
- Versatec 500 Rooftop WSHP Packaged rooftop water source heat pump for commercial applications with 3-30 ton capacity, up to 19.1 EER and 6.4 COP, integrated economizer, variable speed ECM plenum fan, and Aurora controls.
- Versatec 700 Indoor DOAS WSHP Dedicated Outdoor Air System water source heat pump with 10-30 ton capacity and 2,000-8,000 CFM range that conditions outdoor ventilation air while transferring energy between conditioned and incoming airstreams.
- TruClimate 900 Heat Pump Chiller Air-to-water variable-speed heat pump chiller with vapor injection technology, 30 ton capacity, capable of simultaneous heating and cooling, producing 120°F water at -15°F ambient temperatures and exceeding 8 COP.
- TruClimate 700 Modular Screw Chiller Water-cooled modular screw chiller with variable-speed DC inverted compressor, 140-ton single-unit capacity, capable of simultaneous 40°F cooling and 145°F heating, banks up to 10 units for 1,400-ton aggregate capacity.
- TruClimate 500 Chiller Water-cooled modular reversible scroll chiller with 20-80 ton capacity across 7 sizes, patented 6-pipe header rack for simultaneous heating and cooling, and IPLV as low as 0.536 kW/Ton.
- TruClimate 300 Chiller Water-cooled chiller with HybrEx technology for reduced fouling, 30-50 ton capacity, up to 16.5 EER, in cooling-only configuration with robust heat exchanger design.
- TruClimate 100 Chiller Premium efficiency reversible scroll chiller in compact cabinet, 2-50 ton capacity across 13 sizes, up to 17.4 EER and 5.1 COP, multiple water-to-water heating and cooling configurations.
- TruClimate 100 Domestic Hot Water Chiller High-efficiency dedicated heat recovery chiller for domestic hot water preheating with 10-30 ton capacity and up to 6.9 COP, NSF/ANSI/CAN 61 certified for potable hot water applications.
- Residential Warranty Programs Product warranty options covering parts, accessories, and labor allowance for 5-10 years depending on system, including product registration and warranty certificate services for residential customers.
- GeoPro Dealer Network Certified installer network program with dealer ratings based on experience, training (including IGSHPA certification), and sales volume providing direct communication with WaterFurnace factory and dedicated territory managers.
- Symphony 3.0 Platform Wi-Fi-enabled cloud-based monitoring and control platform for residential geothermal units providing remote monitoring, real-time diagnostics, 25-month energy tracking, fault code search, downloadable reports, and zone control for up to 6 zones, with a Contractor Portal for technicians.
- Savings Calculator Interactive online tool enabling potential customers to estimate energy savings from geothermal system installation compared to conventional HVAC systems.
- Earth Loop Systems Underground pipe loop systems (open and closed loop) for heat exchange with the earth, available in horizontal and vertical loop configurations for residential and commercial geothermal installations.
Quantifiable outcome
- 50-70% reduction in heating and cooling costs compared to conventional systems
- +10 more outcomes
Companies that use WaterFurnace International
Customer profileNamed customers11 records
Segments4 records
Ideal customer profiles3 records
WaterFurnace International technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature6 records
WaterFurnace International partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- IGSHPA (International Ground Source Heat Pump Association)coreWaterFurnace's GeoPro dealer program rewards dealers for IGSHPA certification, ensuring installers are properly trained in ground source heat pump design and installation. IGSHPA certification is a requirement for top-tier GeoPro dealer status.
- WeDoGeo (Online Configuration Tool)coreWeDoGeo is WaterFurnace's online unit configuration, quote generation, and ordering tool used by dealers and representatives for product specification and ordering.
Scale indicators6 records
Recent moves9 records
Expansion highlights5 records
WaterFurnace International competitors and assessment
Company assessmentOthers
- NIBE Energy Systems: NIBE is the Swedish parent company of WaterFurnace and the second-largest global geothermal company with 13% market share. While not a direct competitor, NIBE's broader product portfolio (heat pumps, water heaters) and European installed base provide context for WaterFurnace's positioning within its parent group.
Broad incumbents
- Lennox International: Lennox manufactures residential and light commercial HVAC systems. Competes indirectly with WaterFurnace in residential heating/cooling where conventional systems are the primary alternative to geothermal.
- Daikin Applied: Daikin is a global HVAC leader with commercial chillers and water source heat pump offerings. Competes in the commercial chiller segment where WaterFurnace's TruClimate modular chillers are positioned.
- Carrier Global: Carrier is a global HVAC incumbent with broad residential and commercial product portfolios including water source heat pumps. Overlaps with WaterFurnace in commercial HVAC and competes in ducted residential systems where geothermal is an alternative.
- Bosch Thermotechnology: Bosch Thermotechnology is a global HVAC and heat pump manufacturer with geothermal offerings. Comparable in product breadth and international distribution, competing in both residential and commercial heat pump categories.
- Trane Technologies: Trane is a broad incumbent in commercial HVAC, chillers, and water source heat pumps. While geothermal is not its primary focus, it competes in commercial water source heat pump and chiller segments where WaterFurnace's Versatec and TruClimate lines operate.
- Mitsubishi Electric Trane HVAC US: METUS offers ductless and VRF heat pump systems for residential and commercial applications. Represents the air-source heat pump alternative that competes for the electrification-driven retrofit and replacement demand that geothermal also targets.
Direct peers
- ClimateMaster: ClimateMaster is a direct U.S. peer manufacturing geothermal and water source heat pumps for residential and commercial applications. Competes head-to-head with WaterFurnace in the North American geothermal HVAC market with comparable product lines.
- Florida Heat Pump (FHP Manufacturing): Florida Heat Pump manufactures water source heat pumps and chillers for commercial applications. A direct competitor in the commercial water source heat pump and pool/spa dehumidification segments where WaterFurnace's Versatec and TruClimate products compete.
Regional players
- OCHSNER Heat Pumps (Ochsner Wärmepumpen): OCHSNER is an Austrian manufacturer of geothermal and air-source heat pumps primarily serving the European market. Comparable in geothermal technology focus and commercial/residential coverage; competes in international markets where WaterFurnace also distributes.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
WaterFurnace International social profiles
Digital presenceWaterFurnace International compliance and trust
Trust signalCompliance2 records
WaterFurnace International financial estimates
Financial estimateRevenue estimate
Valuation estimate
WaterFurnace International leadership team
Management profileNumber of profiles
Profiles3 records
WaterFurnace International funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
WaterFurnace International M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about WaterFurnace International
What does WaterFurnace International do?
WaterFurnace International designs, manufactures, and distributes geothermal and water source heat pump systems for residential, commercial, industrial, and institutional heating, cooling, and hot water applications. The portfolio spans residential forced-air, split, and hydronic geothermal units (3, 5, and 7 Series), commercial water source heat pumps (Versatec 300/500/700 plus rooftop and DOAS variants), commercial chillers (TruClimate 100/300/500/700/900), and the Aurora and Symphony controls platforms. Equipment is sold indirectly through a GeoPro certified residential dealer network, commercial representatives, and an international distributor footprint.
Is WaterFurnace International a public or private company?
WaterFurnace International is a private company. It is classified as corporate owned and is currently operating.
When was WaterFurnace International founded?
WaterFurnace International was founded in 1983. It employs 501 to 1,000 people.
Where is WaterFurnace International based?
WaterFurnace International is headquartered in Fort Wayne, United States, in the North America region.
How does WaterFurnace International make money?
Three revenue lines are on record. Geothermal Heat Pump Sales are the primary driver. The others are commercial Chiller Sales and dealer/Partner Network.
Who are WaterFurnace International's main competitors?
NIBE Energy Systems is listed as an others. Broad incumbents are Lennox International, Daikin Applied, Carrier Global, Bosch Thermotechnology, Trane Technologies and Mitsubishi Electric Trane HVAC US. Direct peers are ClimateMaster and Florida Heat Pump (FHP Manufacturing). OCHSNER Heat Pumps (Ochsner Wärmepumpen) is listed as a regional player.
Does WaterFurnace International have an API?
No public API is recorded for WaterFurnace International.
What industry is WaterFurnace International in?
WaterFurnace International's product category is Geothermal and Water Source Heat Pumps. Its primary akta.pro industry code is EUAMAEAH, Geothermal Heat Pumps & Ground-Source Systems (Residential/Commercial, Drilling/Loop Installation), with a secondary code of IMAHAKAF, Heat Pumps (Air/Water/Ground Source). Its NAICS code is 33341 and its SIC code is 3585.