We extend our study of random walks and induced Dirichlet forms on self-similar sets [arXiv:1604.05440, 1612.01708] to compact spaces of homogeneous type $(K, ρ,μ)$. A successive partition on $K$ brings a natural augmented tree structure $(X, E)$ that is Gromov hyperbolic, and the hyperbolic boundary is Hölder equivalent to $K$. We then introduce a class of transient reversible random walks on $(X, E)$ with return ratio $λ$. Using Silverstein's theory of Markov chains, we prove that the random walk induces an energy form on $K$ with $$ {\mathcal E}_K [u] \asymp \iint_{K\times K \setminus Δ} \frac{|u(ξ) - u(η)|^2}{V(ξ, η)ρ(ξ, η)^β} dμ(ξ) dμ(η), $$ where $V(ξ, η)$ is the $μ$-volume of the ball centered at $ξ$ with radius $ρ(ξ, η)$, $Δ$ is the diagonal, and $β$ depends on $λ$. In particular, for an $α$-set in ${\mathbb R}^d$, the kernel of the energy form is of order $\frac{1}{|ξ-η|^{α+β}}$. We also discuss conditions for this energy form to be a non-local regular Dirichlet form.