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Geothermal Heat Pump Sales: Commercial vs. Residential

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SOURCE RESEARCH

Smart Heating Technologies for Enterprises

Report | 4Q 2023 | AN-5886

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The landscape for geothermal heat pumps (GHPs) is expanding, particularly as sustainability gains importance with enterprises. While residential homes currently purchase more GHPs than commercial buildings, the trend reverses itself in 2026 as sales and revenue continue to climb through the end of this decade.