Ducted Heat Pump Market Size

Ducted Heat Pump Market Size

Ducted Heat Pump Market size surpassed USD 9.7 billion in 2023 and is anticipated to expand at 8.6% CAGR from 2024 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.

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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.