Technology, Application and Region

DUBLIN, Jan. 18, 2023 /PRNewswire/ — The “Geothermal Heat Pump Global Market Report 2022” Report has been added  ResearchAndMarkets.com’s offering.

This report gives strategists, marketers, and senior management the essential information they need in order to evaluate the global geothermal heat pumps market.

This report is focused on the geothermal heat pumps market, which is seeing strong growth. This report offers a guide to geothermal heat pump markets that will influence and change our lives in the next ten-years, including how they respond to the global pandemic.

The market for geothermal heat pumps worldwide is expected to increase from $3.56 Billion To be available in 2021 $3.88 Billion The compound annual growth rate of 8.91% will occur in 2022. The geothermal heat pumps market is expected reach $5.29 trillion At a CAGR rate of 8.5% in 2026

There are many reasons to buy

• The most comprehensive market report, covering 12+ regions, gives you a true global perspective.

• Learn how the coronavirus is affecting the market and how it will likely grow and develop as the virus’s impact diminishes.

• Based on local data and analysis, create regional and country strategy.

• Identify growth areas for investment.

• Overperform your competitors by using forecast data and the trends and drivers shaping the market.

• Based on the most recent market research findings, understand your customers.

• Benchmark performance compared to key competitors

• Superior strategizing can be achieved by leveraging the relationships between key data sets.

• This data and analysis is ideal for supporting internal and external presentations.

BDR Thermotechnology is a major player in the geothermal heatpump market.

Geothermal heat pump sales are made by organizations, sole traders, partnerships. This market refers to a system that makes use of the earth’s constant temperature for heating and cooling buildings. Geothermal heat pump are packaged in one cabinet that includes a compressor and loop-to-refrigerant heating exchanger. Also, controls.

Open-loop and closed-loop geoothermal heat pump are the main types of geothermal pumps. Open-loop geothermal heating pumps are heat pumps that use groundwater as a refrigerant. They transfer thermodynamic energy to heat or cool. These heat pumps are used extensively in commercial, residential, and industrial settings.

Asia-Pacific The geothermal heat-pump market was the largest in 2021. It is also expected that it will be the fastest growing region during the forecast period. The geothermal heating pump market report includes the following regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East And Africa.

The geothermal heater market research report is part of a series that includes geothermal industry statistics. This includes market size and regional shares of competitors, as well as detailed market segments and market trends. This geothermal market research report gives you a complete view of the industry and provides an in-depth analysis.

Geothermal heat pumps are seeing increased demand due to government initiatives to reduce carbon emissions. Many governments around the globe are taking various measures to reduce carbon emissions. Some countries also have futuristic plans to achieve net-zero emissions by utilizing natural resources like geothermal energy and nuclear energy.

As geothermal heat pump use is increasing in popularity, government’s shift to natural resources will likely increase.

According to International Energy Agency, for instance, FranceAn independent intergovernmental organization that is based in the United States. It has a roadmap for net-zero carbon emission by 2050. This road map requires all governments to strengthen and then implement their energy- and climate policies.

The number of countries that have committed to achieving net-zero CO2 emissions has increased rapidly in the last year. It now accounts for around 70% of global CO2 emission.

New Zealand Japan also offers this service. CanadaKorea, Japan and Korea passed laws to achieve net-zero in 2050. Fiji, Ireland?, Chile Several legislations have been proposed. The UK has a net-zero legally attached target by 2050. New interim targets have been set to reduce emissions by 78% between 2035 and 2035. During the forecast period, geothermal heat pumps will be in high demand due to increased government efforts to reduce carbon emissions.

Technological innovation is a popular trend in the geothermal heat pump market. The market leaders in geothermal heat pump are focused on the development of new technologies that have minimal complexity and enhanced operational and performance capabilities. For example, In April 2019,, Google X, a startup promoted by Google launched new technologically-advanced ground-source heat pumps, with a reduction in the average acquisition cost of 50% from $40,000 To $20,000 per unit.

In January 2022Enopsol was purchased by Energy Machines (a Danish company providing integrated energy systems to buildings), for an undisclosed sum. Energy Machines’ acquisition of Enopsol will allow it to expand its energy systems technology portfolio and expand its international business reach. Enopsol is an international company that designs and installs groundwater cooling and heating systems.

These are the countries that were included in the geothermal heat pumps market report Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South KoreaThe United Kingdom, and USA.

We cover the following key topics:

1. Executive Summary

2. Geothermal Heat pump Market Characteristics

3. Geothermal Heat Pump Market Strategies and Trends

4. Geothermal Heat Pump Impact of COVID-19

5. Geothermal Heat Pump Market Growth and Size

5.1. Global Geothermal Heat Pump Historic Market 2016-2021, $ billion

5.1.1. Market Drivers

5.1.2. 5.1.2.

5.2. Global Geothermal Heat pump Forecast Market, 2021-2026F. 2031F.

5.2.1. Market Drivers

5.2.2. 5.2.2.

6. Segmentation of Geothermal Heat pump Market

6.1. 6.1

• Open Loop System

• Closed Loop System

6.2. 6.2.

• Residential

• Commercial

• Industrial

7. Geothermal Heat pump Market Regional and Country Analysis

7.1. 7.1

7.2. Global Geothermal Heat Pump Market, Split By Country. Historic and Forecast, 2016-2021. 2021-2026F. 2031F. $ Billion

Visit this site for more information. https://www.researchandmarkets.com/r/gt0q4l

Contact Media

Research and Markets
Laura WoodSenior Manager
[email protected]

For E.S.T Hours, Call +1-917-300-0470
For U.S./CAN Toll-Free Call +1 800 526 8630
For GMT Office Hours, Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

See original contenthttps://www.prnewswire.com/news-releases/geothermal-heat-pump-global-market-report-2022-by-technology-application-and-region-301724788.html

SOURCE Research and Markets