Market Overview The global heat pump market size was valued at USD 97.62 billion in 2024 and is projected to reach from USD 108.4 billion in 2025 to USD 222.88 billion by 2033, growing at a CAGR of 9.2% during the forecast period (2025-2033). The surge is fueled by the increasing adoption of heat pumps for heating, cooling, and hot water needs in...

Introduction The heat pumps market has emerged as one of the fastest-growing segments within the global heating, ventilation, and cooling (HVAC) industry. As countries accelerate their transition toward energy-efficient and low-carbon technologies, heat pumps have become essential solutions for both residential and commercial applications. Their ability to provide efficient heating...