North America Ducted Heat Pump Market Size

North America Ducted Heat Pump Market Size

North America Ducted Heat Pump Market size surpassed USD 5.6 Billion in 2023 and is anticipated to expand at 7.4% CAGR from 2024 to 2032. The paradigm shift toward the adoption of energy-efficient systems coupled with rising levels of consumer spending abilities will positively impact the industry growth. The ongoing advancement of low emission alternatives to attain a decarbonized economy strengthened by incentives and legislative energy policies constitutes the major shaping factor of the heat pump market.

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The ducted heat pump system is suitable for providing heating & cooling solutions across residential, & commercial spaces. Lower running costs, fewer maintenance requirements, fewer emissions, and a longer lifespan are some of the prominent features augmenting the demand for ducted heat pump units. The rapidly growing residential construction activities along with the shifting trends towards urban locations has attributed residential establishments to emerge as one of the prominent segments across the air source heat pump market. Numerous industry players have also introduced specific products with innovative features focusing on the residential applications.

Ongoing investments toward development of commercial infrastructure together with the introduction of stringent emission and energy optimization norms have stimulated the ducted heat pump market demand. Moreover, availability of zoning system that allows consumers to control the temperature of different areas of their home independently is one of the prime factors inducing industry growth.