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Europe Geothermal Heat Pump Market Size
- Report ID: GMI5851
- Published Date: Nov 2024
- Report Format: PDF
Europe Geothermal Heat Pump Market Size
Europe geothermal heat pump market size stood at USD 1 billion in 2024 and is projected to attain a growth rate of 4.9% from 2025 to 2034. The growing inclination toward the adoption of clean energy solutions in both residential and commercial sectors is expected to drive increased product adoption.
This shift, coupled with the rise in demand for energy-efficient devices and supportive government policies, is poised to significantly boost the industry dynamics. For instance, the European Union's revised Energy Performance of Buildings Directive and Energy Efficiency Directive are focused on enhancing the energy efficiency of buildings. These policies are geared toward realizing a fully decarbonized and optimally efficient building infrastructure by 2050.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Europe Geothermal Heat Pump Market Size in 2024: | USD 1 Billion |
| Forecast Period: | 2025 - 2034 |
| Forecast Period 2025 - 2034 CAGR: | 4.9% |
| 2034 Value Projection: | USD 1.7 Billion |
| Historical Data for: | 2021 - 2024 |
| No. of Pages: | 90 |
| Tables, Charts & Figures: | 12 |
| Segments covered: | Product, Application, and Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Europe Geothermal Heat Pump Market Scope
