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Ducted Heat Pump Market Size
- Report ID: GMI5781
- Published Date: Jul 2024
- Report Format: PDF
Ducted Heat Pump Market Size
Ducted Heat Pump Market size was estimated at USD 9.7 billion in 2023 and is expected to grow at a CAGR of 8.6% between 2024 and 2032. The shift towards energy-efficient and environmentally friendly heating and cooling solutions is a major market driving factor. Ducted heat pumps, particularly air-source and geothermal types are gaining popularity due to their ability to reduce energy consumption and carbon footprints. These systems are seen as crucial in the transition to sustainable building practices and achieving net-zero emissions targets.
The ducted heat pump industry operates within a consolidated framework of favourable regulatory policies and is bolstered by a variety of fiscal incentives and schemes. Regional administrative bodies are increasingly committed to reducing carbon emissions and reducing reliance on energy imports by expanding their renewable energy portfolios. This commitment has significantly boosted the installation of ducted heat pumps.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Ducted Heat Pump Market Size in 2023: | USD 9.7 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 8.6% |
| 2032 Value Projection: | USD 20.6 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 90 |
| Tables, Charts & Figures: | 10 |
| Segments covered: | Application & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Ducted Heat Pump Market Scope
