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Ductless Heat Pump Market Size
The global ductless heat pump market size was valued at USD 10.2 billion in 2024 and is estimated to grow at a CAGR of 9.7% from 2025 to 2034. The industry is poised to observe a significant expansion on account of the increasing focus on renewable energy technologies to serve residential and commercial heating & cooling requirements. Increasing focus on adoption of energy efficient technologies for residential and commercial heating and cooling is driving the industry growth.
Fluctuating electricity costs are encouraging homeowners to upgrade from forced-air systems to ductless alternatives coupled with paradigm shift toward clean energy solutions and emphasis on renewable technologies for heating and cooling requirements will accelerate the product demand. Supportive government policies and strict regulations aimed at reducing carbon footprint and promoting cleaner alternatives will positively influence the business dynamics.
Ductless Heat Pump Market Report Attributes
| Report Attribute |
Details |
| Base Year: | 2024 |
|---|
| Ductless Heat Pump Market Size in 2024: | USD 10.2 Billion |
|---|
| Forecast Period: | 2025 to 2034 |
|---|
| Forecast Period 2025 to 2034 CAGR: | 9.7% |
|---|
| 2034 Value Projection: | USD 26.3 Billion |
|---|
| Historical Data for: | 2021 – 2023 |
|---|
| No. of Pages: | 105 |
|---|
| Tables, Charts & Figures: | 30 |
| Segments covered: | Application, System and Region |
|---|
| Growth Drivers: | - Increasing demand for energy-efficient systems.
- Stringent emission reduction and building efficiency mandates
- Growing demand for advanced space heating technologies
|
|---|
| Pitfalls & Challenges: | - Presence of a wide variety of alternatives
|
|---|
