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Residential Air to Air Heat Pump Market Share

Report ID: GMI7552
Published Date: Nov 2024
Report Format: PDF

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Residential Air to Air Heat Pump Market Share

Leading manufacturers in the residential air-to-air heat pump market are prioritizing strategic alliances, partnerships, and collaborations, alongside mergers and acquisitions, to bolster their market presence. The major players aim to unveil advanced and innovative technologies, propelling the industry's growth. Key players including Panasonic, Carrier, LG, Bosch, DAIKIN, and Trane, amongst others, collectively accounted for a significant portion of the market share.

Residential Air to Air Heat Pump Market Companies

Key industry players operating across industry include:

American Standard
Bard
Blue Star
Bosch
Carrier
Daikin
Fujitsu
Gree
Klimaire
LG
Lennox
MrCool
Napoleon
Panasonic
Rheem
Samsung
Stiebel Eltron
Trane

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The global market for residential air-to-air heat pump was reached USD 14 billion in 2023 and is set to grow at a CAGR of 9.6% from 2024 to 2032, driven by the increasing demand for cost-effective and efficient heating and cooling solutions.

The single-family segment is projected to exceed USD 19.5 billion by 2032, due to the rising demand for energy-efficient and eco-friendly solutions, along with the growth of the real estate sector.

The ductless segment is anticipated to grow at a CAGR of over 9.5% through 2032, propelled by the rising demand for energy-efficient heating and cooling systems and the increasing volatility of electricity costs.

The U.S. residential air-to-air heat pump market is anticipated to reach USD 7.8 billion by 2032, led by increasing residential construction and government incentives such as low-interest loans, investment grants, and tax benefits.

Key industry players include American Standard, Bard, Blue Star, Bosch, Carrier, Daikin, Fujitsu, Gree, Klimaire, LG, Lennox, MrCool, Napoleon, Panasonic, Rheem, Samsung, Stiebel Eltron, and Trane.