Overview of the Global Geothermal Heat Pumps Market: Examining Growth Drivers and Market Trends
Introduction
The industry for geothermal heat pumps was estimated to be worth USD 8.58 billion in 2022. Over the course of the projection period (2023–2032), it is expected to increase at a compound annual growth rate (CAGR) of 7.2%, from USD 9.19 billion in 2023 to USD 17.19 billion by 2032.
In a world that's increasingly focused on sustainability and energy efficiency, geothermal...
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