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Ducted Heat Pump Market Share
Carrier, DAIKIN INDUSTRIES Ltd., Johnson Controls, SAMSUNG, Trane holds a significant market share as these companies are heavily investing in R&D to develop more efficient and sustainable heat pump technologies. Innovations such as dual-source and hybrid heat pumps are becoming more prevalent. These companies are pivotal in shaping the market through their innovative products, strategic expansions, and alignment with global sustainability goals.
Ducted Heat Pump Market Companies
Some of the key market players operating across the ducted heat pump industry are:
- Bard HVAC
- Bosch Thermotechnology Corp.
- Carrier
- Colmac Industries
- DAIKIN INDUSTRIES Ltd.
- Glen Dimplex Group
- Gree Electric Appliances, Inc.
- Johnson Controls
- Lennox International Inc.
- LG Electronics
- Lochinvar
- Mitsubishi Electric Corporation
- Rheem Manufacturing Company
- SAMSUNG
- Trane
Why is the demand for ducted heat pumps growing in residential applications?
Ducted heat pump industry from the residential segment will exceed USD 11 billion by 2032, fueled by increasing adoption of energy-efficient heating and cooling solutions in homes.
How large is the ducted heat pump market?
The market size of ducted heat pump reached USD 9.7 billion in 2023 and will expand at 8.6% CAGR between 2024 and 2032, propelled by increasing demand for energy-efficient heating and cooling solutions in residential and commercial buildings.
Which leading companies are operating in the ducted heat pump industry?
Key industry players are Bard HVAC, Carrier, DAIKIN INDUSTRIES Ltd., Glen Dimplex Group, Johnson Controls, Lennox International Inc., LG Electronics, Lochinvar, Mitsubishi Electric Corporation, Rheem Manufacturing Company, SAMSUNG, and Trane among others.
What is the value of the North America ducted heat pump market?
North America market will surpass USD 10.5 billion by 2032, owing to the stringent energy efficiency regulations, growing awareness of environmental sustainability and high demand for energy-efficient heating and cooling solutions.