Geothermal Heat Pump Market Size, Industry Analysis Report, Regional Outlook,Competitive Market Share & Forecast by 2023: Global Market Insights, Inc.
Geothermal heat pump market size is anticipated to exceed USD 130 billion by 2023, growing at over 13% CAGR from 2016 to 2023. Escalating need for low cost energy substitutes owing to rising oil prices is likely to drive industry demand over the forecast period. In addition, consequent hike in electricity and energy cost is forecast to positively impact the geothermal heat pump market size.
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