Ducted Heat Pump Market Trends

Ducted Heat Pump Market Trends

Exponential & continuous technological advancements in heating & cooling equipment’s along with favorable government incentives is spurring the industry growth. Innovations like dual-source technology which combines air and geothermal sources are also driving market growth by offering more versatile and efficient heating solutions?. In addition, various government programs, including incentives, rebates, and tax credits, are promoting the adoption of ducted heat pumps.
 

For instance, the European Union, through its Climate Action initiatives, has set ambitious targets to reduce CO2 emissions by 55% by 2030, which incentivizes the adoption of renewable energy technologies like heat pumps. These initiatives are particularly strong in regions like Europe and North America, where there is a strong emphasis on reducing carbon emissions and promoting renewable energy sources?.