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Ducted Heat Pump Market Trends

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

Ducted Heat Pump Market 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.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of ducted heat pump surpassed USD 9.7 billion in 2023 and will witness 8.6% CAGR from 2024 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.

Ducted Heat Pump Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 422
  • Countries covered: 18
  • Pages: 330
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