The Business Research Company’s Geothermal Heat Pump Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Geothermal Heat Pump Global Market Report 2023 evaluates geothermal heat pump market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global geothermal heat pump market is expected to grow from $5,739.4 million in 2027 at a rate of 9.0%. The market is then expected to grow at a CAGR of 7.8% from 2027 and reach $8,343.3 million in 2032.
The increasing government initiatives to curb carbon emissions are expected to contribute to the growth of the geothermal heat pump market. Governments across the world are launching various initiatives to cut carbon emissions and some of the countries have made futuristic plans to target net-zero carbon emissions through the utilization of natural resources. Geothermal heat pumps reduce carbon dioxide (CO2) consumption, resulting in the reduction of carbon dioxide emissions. For example, according to the International Energy Agency, a France-based autonomous intergovernmental organization, there is a road map for the net-zero carbon emissions by 2050 that requires all governments to significantly strengthen and then successfully implement their energy and climate policies. The number of countries that pledged to achieve net-zero emissions has grown rapidly. Therefore, the increasing government initiatives to curb carbon emissions are expected to propel the growth of the geothermal heat pump market.
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The geothermal heat pump market segments in the report are:
1) By Technology: Open Loop System; Closed Loop System
2) By Application: Residential; Commercial; Industrial
The table of contents in TBRC’s geothermal heat pump market report includes:
- Executive Summary
- Table Of Contents
- List Of Figures
- List Of Tables
- Report Structure
- Introduction and Market Characteristics
- Major Market Trends
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- Opportunities And Strategies
- Geothermal Heat Pump Market, Conclusions And Recommendations
- Appendix
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