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North America Residential Ducted Heat Pump Market Analysis

Report ID: GMI9465
Published Date: May 2024
Report Format: PDF

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North America Residential Ducted Heat Pump Market Analysis

North America Residential Ducted Heat Pump Market Size, By Application, 2022 - 2032 (USD Billion)

Single family application is projected to surpass over USD 2.5 billion by 2032. Growing construction of residential establishments coupled with introduction of stringent building emission standards will favor the product adoption. Features such as zoning and temperature control, along with improved product aesthetics, are driving the acceptance of ducted heat pumps in single-family houses. Increasing demand for compact and efficient heating technologies and shifting focus toward minimizing emissions is set to boost the product deployment.

U.S. Residential Ducted Heat Pump Market Size, 2022 - 2032 (USD Billion)

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The U.S. residential ducted heat pump market is set to reach more than USD 5 billion by 2032. Growing construction of residential properties owing to surge in urban population, increasing investments across real estate and rising demand for effective heating & cooling solutions will influence the business outlook. Favorable initiatives, tax incentives, subsidy programs aimed at promoting heat pump adoption are expected to boost product deployment.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The market size of North America residential ducted heat pump was reached USD 2.7 billion in 2023 and is projected to expand at 7.3% CAGR from 2024 to 2032, led by the growing adoption of energy-efficient heating & cooling systems in the region.

The single-family application segment in the North America residential ducted heat pump industry will reach more than USD 2.5 billion by 2032, owing to their zoning and temperature control and improved product aesthetics.

U.S. residential ducted heat pump industry is estimated to be worth more than USD 5 billion by 2032, due to the surge in urban population, increasing investments across real estate and the rising demand for effective heating & cooling solutions in the region.

American Standard Heating and Air Conditioning, Bosch Thermotechnology Corp., Carrier, Daikin Comfort Technologies North America, Inc., FUJITSU GENERAL, Johnson Controls, LG Electronics U.S.A., Inc., Lennox International Inc., Mitsubishi Electric Sales Canada Inc., and MRCOOL, among others