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North America Residential Ducted Heat Pump Market Size
- Report ID: GMI9465
- Published Date: May 2024
- Report Format: PDF
North America Residential Ducted Heat Pump Market Size
North America Residential Ducted Heat Pump Market was valued at USD 2.7 billion in 2023 and is projected to observe about 7.3% CAGR from 2024 to 2032. Growing adoption of energy-efficient heating & cooling systems, coupled with favorable incentive schemes and policies for heat pump adoption will boost the industry landscape.
For instance, in February 2024, the U.S. Department of Energy allocated USD 10 million to Maine to install heat pump systems with high-efficiency in 675 rural mobile homes, which aims to reduce energy costs by approximately 40% for eligible residents. Moreover, shifting inclination toward ambient indoor comfort and rising purchasing power of consumers to adopt efficient HVAC systems will complement the heat pump industry growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| North America Residential Ducted Heat Pump Market Size in 2023: | USD 2.7 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 7.3% |
| 2032 Value Projection: | USD 5.3 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 85 |
| Tables, Charts & Figures: | 48 |
| Segments covered: | Application and Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
North America Residential Ducted Heat Pump Market Scope
