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Europe Ducted Heat Pump Market Size

Report ID: GMI6589
Published Date: Aug 2023
Report Format: PDF

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Europe Ducted Heat Pump Market Size

Europe Ducted Heat Pump Market size was valued at USD 1.1 billion in 2023 and is set to grow at over 17.6% CAGR between 2024 and 2032. The increasing trend towards embracing energy-efficient heating and cooling systems, coupled with the expanding consumer purchasing power in relation to efficient HVAC systems, will contribute positively to the industry growth. The heat pump market in Europe is likely to hit USD 78 billion by 2032.

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The product ability to offer both heating and cooling based on seasonal demands in hot and extremely cold climates is poised to enhance the industry landscape. These systems can seamlessly switch between acting as an air conditioner during hot weather and a heater during colder months. This adaptability makes them a year-round climate control solution, thereby contributing significantly to the market expansion.

Europe Ducted Heat Pump Market Report Attributes
Report Attribute	Details
Base Year:	2023
Europe Ducted Heat Pump Market Size in 2023:	USD 1.1 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	17.6%
2032 Value Projection:	USD 4.9 Billion
Historical Data for:	2019 to 2023
No. of Pages:	160
Tables, Charts & Figures:	153
Segments covered:	Application and Region
Growth Drivers:	Increasing demand for energy-efficient systems Positive transition toward clean energy alternatives
Pitfalls & Challenges:	Presence of wide alternatives

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Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of ducted heat pump in Europe was reached USD 1.1 billion in 2023 and is set to grow 17.6% growth rate through 2032, owing to the increasing trend towards embracing energy-efficient heating and cooling systems, coupled with the expanding consumer purchasing power.

The residential sector is slated to register 17.5% CAGR till 2032, backed by the increasing focus on sustainability along with the growing demand for smart heat pumps across the residential application.

France ducted heat pump industry is estimated to observe 14.5% growth up to 2032 as French businesses are recognizing the importance of eco-friendly HVAC solutions, driven by stringent environmental regulations and a heightened corporate responsibility for reducing carbon footprints.

Rheem Manufacturing Company, STIEBEL ELTRON GmbH & Co. KG, OCHSNER, Glen Dimplex Group, Lennox International Inc., Panasonic Corporation, FUJITSU GENERAL Europe, Vaillant Group.