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Ducted Heat Pump Market Size - By Application (Residential {Single Family, Multi Family}, Commercial)), COVID-19 Impact Analysis & Global Forecast, 2023 - 2032

  • Report ID: GMI5781
  • Published Date: May 2023
  • Report Format: PDF

Ducted Heat Pump Industry Analysis

Ducted Heat Pump Market size surpassed USD 8.9 Billion in 2022 and is anticipated to expand at 8.6% CAGR from 2023 to 2032. The growing inclination toward the adoption of energy-efficient heating & cooling systems along with rising levels of consumer spending abilities concerning efficient HVAC system will complement industry growth.

Ducted Heat Pump Market

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In addition, product ability to provide both heating and cooling as per seasonal requirement pertaining to hot & extreme cold climate is anticipated to augment the business landscape as they can reverse their operation, acting as an air conditioner during hot weather and as a heater during colder months. This versatility makes them a year-round climate control solution, thereby adding to the overall ducted heat pump market development. The residential heat pump industry is poised to surpass USD 121.9 billion by 2032.

Ducted heat pumps are installed in a central location, often in the attic or basement, which in turn results in less space utilization. The only visible components are the air registers or vents in each room, maintaining the aesthetic appeal of living or working areas that further adds to the product deployment across residential spaces. In addition, these heat pumps have a longer lifespan, often lasting 15 to 20 years or more. Regular maintenance and professional servicing can help prolong their operational life, providing reliable comfort for an extended period. Global commercial heat pump industry is likely to cross USD 43.3 billion by 2032.

COVID- 19 Impact

The ducted heat pump market observed limited growth amid the ongoing COVID–19 outbreak as the global economy took a major hit and the residential, commercial, and industrial operations were significantly impacted. The companies have observed limited operations, primarily owing to the shortage of raw materials from lower-tier suppliers, less availability of manpower, restricted investments across new infrastructure, and the slow recovery of logistics network capacity on account of geographical closures. However, the companies are implementing resourceful and creative methods to recruit workforces with an intent to achieve their production needs, positively catering to the industry development.

Ducted Heat Pump Industry Trends

Ducted heat pumps have been gaining popularity in the HVAC industry. These systems are known for their energy efficiency and ability to provide both heating and cooling to residential and commercial spaces. Growing demand for energy efficient HVAC systems along with rising shifting trends towards eco-friendly solutions for heating & cooling application is projected to boost the product deployment. Moreover, with increasing awareness about environmental issues, there has been a growing preference for eco-friendly heating & cooling options. Ducted heat pumps, particularly those utilizing refrigerants with low global warming potential (GWP), have gained popularity as they contribute to reducing GHG emissions, thereby complementing the industry landscape.

Integration with smart home technology along with increasing focus on zoning & individual control is anticipated to augment the ducted heat pump market outlook by 2032. Consumers ability to control their heating and cooling systems remotely using smartphones or voice-activated assistants and the integrating heat pump with smart home automation & thermostats systems allows for enhanced energy management & personalized comfort will benefit the market overview.

Additionally, rising advancements in inverter technology, where inverter-driven compressors are used for heat pumps is anticipated to sway the industry development. These heat pump compressors can modulate their speed and capacity to match the heating or cooling demand accurately. Inverter technology improves energy efficiency, reduces temperature fluctuations, and provides quieter operation compared to traditional fixed-speed compressors.

Ducted Heat Pump Application Segmentation

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Improved comfort along with cost saving modules is anticipated to boost the product deployment across residential application segment. The residential ducted heat pump market is projected to observer 9% growth during 2023-2032 due to product energy efficient system, versatility, and cost-saving benefits. The energy efficiency of the product translates into cost savings for the consumers across residential application. By reducing energy consumption, the individual receives lower utility bills, especially in areas with extreme temperatures where heating and cooling costs can be substantial. The potential for long-term savings is appealing to the consumers and contributes to the increased demand for ducted heat pumps.

Ducted Heat Pump Residential Segmentation

Ducted Heat Pump Market Revenue Share, Residential, 2022

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Zoning & temperature control coupled with increasing product aesthetics caters ducted heat pump market acceptance across single-family or single-owners houses. For example, ducted heat pumps are installed out of sight, with only grilles or air-handling units visible in each room. This setup maintains the artistic of the home by eliminating the need for bulky units or visible ductwork, which can be an advantage for homeowners who value interior design and aesthetics.

Increasing demand for energy-efficient and environmentally friendly solutions and increasing real estate sectors will increase the product implementation in multi-family homeowners by 2032. The availability and awareness of these systems is said to witness high deployment across multifamily houses & apartments owing to the rising need for zoning heating & cooling demand. As a result, manufacturers and HVAC professionals are offering and promoting these systems, making them more accessible to homeowners, thereby contributing to the overall market growth.

Ducted Heat Pump Region Analysis

North America Ducted Heat Pump Market, 2021 - 2032 (USD Billion)

North America ducted heat pump market is estimated to observe 7.5% growth rate till 2032. These pumps are considered environmentally friendly because they use electricity to transfer heat instead of burning fossil fuels directly. This reduces greenhouse gas emissions and helps combat climate change. As the U.S. continues to prioritize environmental sustainability, heat pumps are being adopted as a greener alternative to traditional heating and cooling systems.

Increasing government incentives and rebate programs to encourage the adoption of energy-efficient technologies, including ducted heat pumps is further anticipated to have a positive impact on the industry expansion. For instance, in December 2022, under the Inflation Reduction Act of 2022, new federal income tax credits are available through 2032 providing up to USD 3,200 on an annual basis to lower the cost of energy efficient home upgrades by up to 30%, including receiving rebated upon installation of heat pumps. These incentives can significantly reduce the upfront costs of purchasing and installing a heat pump system, making them more financially attractive to homeowners and businesses.

Ducted Heat Pump Industry Leaders

Major manufacturers operating across the ducted heat pump market are focusing on strategic alliances and collaborations to gain a competitive edge over the others. Introduction of enhanced technologies and advance technological components by the eminent players has led to the positive business dynamics. Prominent industries operative in the business landscape includes, Trane, Danfoss, Daikin, Carrier, SAMSUNG, Bard HVAC, Mitsubishi Electric Corporation, Bosch Thermotechnology Corp., Rheem Manufacturing Company, STIEBEL ELTRON GmbH & Co. KG, OCHSNER, Lochinvar, Glen Dimplex Group, Lennox International Inc., Colmac Industries.

Ducted Heat Pump Industry News

  • Initiation of heat pump federal tax credit in 2023 through the end of 2032, all homeowners will be eligible for a 30% federal tax credit on the total cost of buying and installing their new heat pump, with a maximum credit of USD 2,000 under the High-Efficiency Electric Home Rebate Act — part of the Inflation Reduction Act across the U.S.
  • The European Heat Pump Association is offering subsidies post January 2023, for residential heat pumps in the European Union, the United Kingdom, Norway, and Switzerland. The UK government is offering grants of over USD 5,800 for air-source heat for both new buildings and retrofits, thereby complementing the market for ducted heat pump across Europe. In addition, Government of Austria is offering grant for air-source heat pumps installation across new buildings of up to 20% of their price. For retrofit installations, the grant covers up to 35% of the cost to a maximum of USD 5,000. The subsidy is in place from Jan. 3, 2023, to Dec. 31, 2024, in the country.
  • In May 2023, Vermont Gas, U.S. based firm, launched new program to install heat pumps in customer homes, thereby expanding low-carbon residential heating and cooling options across the country. The new program is built around a centrally ducted heat pump concept that utilizes existing ductwork in a home, employing a favorable market scenario in the country.

This ducted heat pump market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘“000 Units’ & ‘USD Million’ from 2019 to 2032, for the following segments:

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Market, By Application

  • Residential
    • Single family
    • Multi family
  • Commercial

The above information has been provided for the following countries:

North America

  • U.S.
  • Canada


  • Austria
  • Norway
  • Denmark
  • Finland
  • France
  • Germany

Asia Pacific

  • China
  • Japan
  • Australia
  • South Korea

Middle East & Africa

  • Saudi Arabia
  • Turkey
  • South Africa

Latin America

  • Brazil
  • Mexico
  • Argentina


Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of ducted heat pump surpassed USD 8.9 billion in 2022 and will witness 8.6% CAGR from 2023 to 2032, explains GMI report.

Residential ducted heat pump market will grow at a rate of over 9% by 2032 owing to the various benefits of the product like energy efficiency, versatility, and cost-saving.

North America ducted heat industry size is set to observe 7.5% growth rate till 2032 due to factors including energy-efficient heating & cooling systems, cost-effectiveness, environmental benefits, government incentives, and technological advancements.

Trane, Danfoss, Daikin, Carrier, SAMSUNG, Bard HVAC, Mitsubishi Electric Corporation, Bosch Thermotechnology Corp., STIEBEL ELTRON GmbH & Co. KG, OCHSNER, Lochinvar, Glen Dimplex Group, Lennox International Inc., Colmac Industries.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 422
  • Countries covered: 18
  • Pages: 330
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