Residential Ducted Heat Pump Market Size

Residential Ducted Heat Pump Market Size

Residential Ducted Heat Pump Market size was valued at USD 5.3 billion in 2023 and is projected to expand at 8.4% CAGR from 2024 to 2032. The increasing preference for energy-efficient heating and cooling systems, coupled with a rise in consumer purchasing power regarding efficient HVAC systems, will positively contribute to the industry growth. The integration of residential ducted heat pumps with smart technology, coupled with an increased focus on zoning and individual control, is anticipated to positively impact the business dynamics. The integration of ducted heat pumps with smart home automation and thermostats, facilitates enhanced energy management and personalized comfort further contributing a favorable business landscape.

To get key market trends

  Download Free Sample

The introduction of favorable government schemes and support for the incorporation of reliable systems across residential establishments, along with growing investments in the construction of new residential buildings featuring advanced HVAC technologies, will further augment the business landscape. For instance, In January 2023, the U.S. Federal government introduced the High-Efficiency Electric Homes and Rebates Act, allocating USD 4.5 billion for state-level point-of-sale rebates.

The focus is on supporting home electrification projects for low- and moderate-income households. Eligible households can receive immediate discounts on purchases, with potential rebates of up to USD 8,000 for energy-efficient improvements in heat pump space heating and cooling. In addition, shifting consumers inclination toward smart technological systems which allows them to remotely control their heating and cooling systems using smartphones or voice-activated assistants will further accelerate the product demand.
 

A residential ducted heat pump is a type of air to air heat pump designed to complement the requirements of domestic HVAC system. It consists of a central heat pump unit, typically installed outdoors, and a network of ductwork that distributes conditioned air to various rooms or zones within the house.
 

Residential ducted heat pumps offer the advantage of providing both heating and cooling from a single system, making them versatile and efficient. They are often favored for their ability to maintain consistent temperatures throughout the entire home and for their discreet installation. Additionally, the integration of energy-efficient technologies and government incentives has contributed to the growing popularity of these systems in residential establishments.