Ducted Heat Pump Market Analysis

Ducted Heat Pump Market Analysis

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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.
 

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.
 

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.