Press release
At a CAGR of 7.6%, the Geothermal Heat Pump Market Expected to Reach $12.5 Billion by 2031
Geothermal Heat Pump Market
The geothermal heat pump market size was valued at $6.0 billion in 2021, and the geothermal heat pump industry is estimated to reach $12.5 billion by 2031, growing at a CAGR of 7.6% from 2022 to 2031.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ : https://www.alliedmarketresearch.com/request-sample/10851
A central water heating system that uses geothermal energy to heat the water is known as a geothermal heat pump (GHPs) or ground source heat pump. Geothermal heat pumps are popular in many heating applications for surface water, recycled water, retention basin storm water, sewage treatment plants, and rainwater harvesting. They are also energy efficient. Geothermal heat pumps may be utilized alone or in conjunction with other hybrid systems, such as solar geothermal heat pumps. The hybrid setups have advantages in terms of cost and high performance. The earth's mild temperatures are used by geothermal heat pumps as cooling and heating sources. Instead of always coming from the center of the earth's crust, the geothermal heat pump's primary source of heat is the sun. Some of the other popular name of geothermal heat pump in various part of the world includes geoexchange, earth energy systems and earth-coupled heat pumps.
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: https://www.alliedmarketresearch.com/geothermal-heat-pump-market-A10486
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
The Geothermal Heat Pump industry's key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ฆ๐๐ฃ๐จ๐ซ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐๐๐จ๐ญ๐ก๐๐ซ๐ฆ๐๐ฅ ๐๐๐๐ญ ๐๐ฎ๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐,
ClimateMaster, Inc.
Sauer-Danfoss Inc.
De Dietrich S.A.S.
Maritime Geothermal Ltd
Dandelion
Free Energy Innovations
Pfister Energy
Mitsubishi Electric Corporation
GeoSmart Energy
Bosch Thermotechnology
Daikin Industries Ltd.
EnergySmart Alternatives
Carrier Corporation
Ecoforest S.A.
GeoComfort
Bostech Mechanical Ltd
Wolf GmbH
๐๐ซ๐๐ฌ๐ฌ ๐๐๐ฅ๐๐๐ฌ๐: https://www.alliedmarketresearch.com/press-release/geothermal-heat-pump-market.html
The global geothermal heat pump market trends are being driven by rising concerns among policy makers regarding energy security, environmental sustainability, and the trend toward development and national well-being based on the bio economy. In addition, geothermal heat pumps reduce energy usage and aid in reducing greenhouse gas (GHG) emissions, which benefits the market even more. In addition, a geothermal water pump has lower long-term costs than a conventional water heater system. A major obstacle to the widespread adoption of this technology in the world's major developing nations is the high installation cost of geothermal heat pump systems as well as the lack of public understanding or confidence in the benefits of geothermal heat pump systems. Moreover, lack of technological advancement and technique toward the cost and performance benefits of geothermal heat pump is limiting the geothermal heat pump market growth.
The geothermal heat pump market forecast is segmented on the basis of technology, end use, and region. Depending on the technology, the market is categorized into open loop systems and closed-loop systems (vertical loops and horizontal loops). On the basis of end-use, the market is categorized into residential (new building systems and retrofit systems), commercial, and industrial. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/10851
๐๐๐ฒ ๐๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ฌ๐ญ๐ฎ๐๐ฒ:
- Asia-Pacific would exhibit a CAGR of 8.5% during 2022-2031.
- Japan contributes around 5.4% of the total geothermal heat pump market share and would exhibit a CAGR of 7.6% during 2022-2031.
- South Korea contributes around 1.9% of total market share and would exhibit a CAGR of 9.1% during 2022-2031
- As per global geothermal heat pump market analysis, by technology, the closed loop systems segment accounted for more than 80% of the market share in 2021.
- By end use, the residential segment is expected to possess a market share of 75.1% in 2031.
- By region, Europe was the leading segment in 2021, with a CAGR of 6.4% during 2022-2031
๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐๐ซ๐ ๐ฒ ๐๐ง๐ ๐๐จ๐ฐ๐๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
๐. ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐๐ญ ๐๐ฎ๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ - https://www.globenewswire.com/news-release/2023/02/16/2609899/0/en/Industrial-Heat-Pump-Market-Is-Expected-to-Reach-17-7-Billion-by-2031-Allied-Market-Research.html
๐. ๐๐๐๐ญ ๐๐ฑ๐๐ก๐๐ง๐ ๐๐ซ ๐๐๐ซ๐ค๐๐ญ - https://www.prnewswire.co.uk/news-releases/heat-exchanger-market-to-reach-28-3-bn-globally-by-2030-at-5-5-cagr-allied-market-research-843702901.html
๐. ๐๐ง๐๐๐ซ๐๐ฅ๐จ๐จ๐ซ ๐๐๐๐ญ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ - https://www.globenewswire.com/news-release/2022/02/08/2380762/0/en/Underfloor-Heating-Market-to-Reach-8-39-Billion-by-2030-Allied-Market-Research.html
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
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