Geothermal Heat Pumps Market Size Worth US$ 827.14 Billion with 13.1% CAGR by 2035
The global geothermal heat pumps market is projected to be valued at USD 241.52 billion in 2025. According to Fact.MR, the market is anticipated to expand at a CAGR of 13.1%, reaching USD 827.14 billion by 2035. In 2024, the industry witnessed notable growth driven by favorable government incentives, rising emphasis on sustainable heating and cooling technologies, and large-scale infrastructure projects, particularly across Europe and North America. The implementation of updated building codes mandating energy-efficient HVAC systems further accelerated the adoption of geothermal heat pumps, especially in residential and commercial real estate sectors. For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=7240 Country-wise Insights In the United States, the geothermal heat pumps market is expected to grow at a CAGR of 11.1% over the forecast period. This growth is largely fueled by robust federal a...