The global heat pump market was valued at USD 94.5 billion in 2025 and is expected to reach USD 200.7 billion by 2033, expanding at a 10.0% CAGR from 2026 to 2033. The market is projected to increase from USD 103.0 billion in 2026 to USD 200.7 billion by 2033. Asia Pacific accounted for the largest revenue share of 58.0% in 2025, while North America is expected to register the fastest growth...