Heat Pump Market is Anticipated to Hit US$ 202.2 Billion by 2034

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2025-09-02 10:38:15 -

The global heat pumps market size is set to reach a value of US$ 84.6 billion in 2024 and thereafter expand at a remarkable CAGR of 9.1% to end up at US$ 202.2 billion by 2034. A heat pump, a mechanical refrigeration device, employs a compression cycle to regulate temperatures in a designated area. Due to their versatility, heat pumps are widely used for both heating and cooling...

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