The global geothermal heat pump market size was valued at USD 9.4 billion in 2019 and is projected to grow at a CAGR (Annual Compound Growth Rate) of 7% from 2021 to 2027. Solutions are expected to drive the market growth during the forecast period. Geothermal heat pumps (GHPs) extract heat from the ground for space heating, cooling, and generation of hot water. These pumps extract heat by means of a horizontal or vertical collector.
A full report of Geothermal Power and Heat Pump Market available at: https://www.orionmarketreports.com/geothermal-power-heat-pump-market/30736/
Geothermal Power and Heat Pump Market- Segmentation
By Type
• Closed Loop System
• Open Loop System
By Applications
• Business
• Industrial
• Household
Key Players
• Stiebel Eltron
• Ingersoll Rand (Trane)
• Vaillant Group
• Viessmann
• Glen Dimplex
• Daikin
• NIBE
• Carrier
• ClimateMaster, Inc.
• Bard HVAC
• Spectrum Manufacturing
• Dandelion
• Robert Bosch LLC
• Maritime Geothermal
• OCHSNER
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
