Global Heat Pump Market to Reach USD 167.4 Billion by 2036 as Electrified Heating Becomes the Global Standard
“The global heat pump market stands at USD 61.7 billion in 2026 and is projected to surge to USD 167.4 billion by 2036, achieving a compound annual growth rate of 10.5 percent, fueled by widespread adoption of electrified heating systems, stringent energy efficiency mandates, and the accelerating transition from fossil fuel-based solutions. Dominant segments feature … Read more