Ductless Heat Pump Market Analysis

Ductless Heat Pump Market Analysis

Ductless heat pump market from the residential segment is slated to foresee 9% growth during 2023 to 2032.  The rising deployment of industry across residential buildings can be attributed to the strict government regulations encouraging the espousal of cleaner and more energy-efficient HVAC systems. Various factors such as soaring energy demand, the growing need for heating & cooling technologies due to weather extremities, and the burgeoning concerns associated with carbon emissions are fostering a lucrative demand for compact & efficient mini-split heat pumps.  Furthermore, the need for these pumps is also projected to increase notably in multi-family settings on account of the growing need for heating & cooling systems.
 

Multi-zone systems segment dominated 75% market share in 2022. The introduction of modern infrastructure reforms is encouraging the necessity of high insulation & air-sealed equipment for space heating and cooling, thus fostering demand such pumps. These systems allow for customization and control of individual heating and cooling requirements in each room, preventing energy loss, and maximizing comfort & efficiency. Moreover, multi-zone units require a single outdoor compressor to power multiple indoor units, allowing residential users to eliminate clutter.
 

The APAC ductless heat pump market is estimated to amass USD 5 billion by 2032. The region is set to emerge as a key hotspot for clean energy systems driven by rapid urbanization and constantly escalating population in countries such as India, and China. The province is home to a massive HVAC sector catering to the growing population with high disposable income. The market size of Europe Heat Pump is poised to surpass USD 29.1 Billion by 2030.
 

According to the World Population Report 2022 by the United Nations (UN), India is set to become the most populous country by 2023 with the population estimated to grow to 1.5 billion by 2030, and 1.66 billion by 2050. Hence, the presence of a robust urban population presents significant scope for the regional business progression.