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A geothermal heat pump is a building heating/cooling system that adopts a heat pump to transfer heat from or to the ground, taking advantage of the earth's relatively constant temperatures throughout the seasons. Additionally, geothermal heat pumps reduce energy usage and aid in reducing greenhouse gas (GHG) emissions, which benefits the market even more.
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Opportunity Analysis and Industry Forecast, 2016-2023 Geothermal Heat Pump Market by Technology (Open Loop Systems, Closed Loop Systems), by End Use (Residential, Commercial, Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2031 • Pages: 400 Tables: 348 Charts: 62
Global Geothermal Heat Pump Market Outlook (2021 – 2031) • Top Impacting Factors: • The global geothermal heat pump market size was valued at $6.0 billion in 2021, and geothermal heat pump industry is projected to reach $12.5 billion by 2031, growing at a CAGR of 7.6% from 2022 to 2031. • A geothermal heat pump is a building heating/cooling system that adopts a heat pump to transfer heat from or to the ground, taking advantage of the earth's relatively constant temperatures throughout the seasons. • Growing use of fossil fuels for heating, such as coal, oil, and natural gas, has a detrimental effect on the environment. • By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. • Pages: 400 Tables: 348 Charts: 62
Global Geothermal Heat Pump Market Outlook (2021 – 2031) • The demand for energy-efficient goods and solutions is anticipated to increase with growing awareness about climate change and greenhouse gas emissions. • The geothermal heat pump market forecast is segmented on the basis of technology, end use, and region. • The U.S. government has favorable policies encouraging the installation of heat pumps, such as personal tax credits and direct incentives on the product installation. • One of the top priorities of governments all over the world is to increase energy efficiency in all sectors of the economy. • Geothermal heat pumps have the advantage of concentrating natural heat rather than creating heat through the burning of fossil fuels. • Pages: 400 Tables: 348 Charts: 62
Global Geothermal Heat Pump Market Outlook (2021 – 2031) • Key Findings of Global Geothermal Heat Pump Market : • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the geothermal heat pump market analysis from 2021 to 2031 to identify the prevailing geothermal heat pump market opportunities. • The market research is offered along with information related to key drivers, restraints, and opportunities. • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. • In-depth analysis of the geothermal heat pump market segmentation assists to determine the prevailing market opportunities. • Major countries in each region are mapped according to their revenue contribution to the global market. • Pages: 400 Tables: 348 Charts: 62
Global Geothermal Heat Pump Market Outlook (2021 – 2031) • The key players profiled in the report include: • Wolf GmbH • Bostech Mechanical Ltd • Carrier Corporation • GeoSmart Energy • Mitsubishi Electric Corporation • Maritime Geothermal Ltd • Pfister Energy • Geo Comfort • De Dietrich S.A.S. • Daikin Industries Ltd. • Bosch Thermotechnology • Ecoforest S.A. • Climate Master, Inc. • Free Energy Innovation • Energy Smart Alternatives • Dandelion • Sauer-Danfoss Inc. • Pages: 400 Tables: 348 Charts: 62
Global Geothermal Heat Pump Market Outlook (2021 – 2031) Thank You! For More Details Visit us at https://www.alliedmarketresearch.com Follow Us On