Geothermal Heat Pump Market Forecast and Industry Growth Drivers
The global geothermal heat pump market is gaining momentum as households, commercial facilities, and industrial users seek more energy-efficient heating and cooling technologies. Valued at USD 11.97 billion in 2023, the market is projected to reach USD 17.87 billion by 2030, expanding at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2030. Geothermal Heat Pumps Market (GHPs) use the...
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