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Ductless Heat Pump Market Size
- Report ID: GMI5567
- Published Date: Apr 2023
- Report Format: PDF
Ductless Heat Pump Market Size
Ductless Heat Pump Market size surpassed USD 9.1 billion in 2023 and is anticipated to register 9.7% CAGR from 2024 to 2032 due to growing emphasis on renewable technologies for residential and commercial heating & cooling requirements.
Surging demand for energy-efficient systems is propelling the business growth. The growing volatility of electricity costs is driving homeowners to upgrade their HVAC systems from a forced-air system to a ductless approach. Additionally, a paradigm shift toward clean energy solutions and the growing emphasis on renewable technologies for residential and commercial heating & cooling requirements will spur the demand for ductless heat pump. Favorable administrative policies and stringent norms pertaining to the reduction of carbon footprint and deployment of cleaner alternatives will offer lucrative prospects for the proliferation of ductless heat pumps.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Ductless Heat Pump Market Size in 2023: | USD 9.1 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 9.7% |
| 2032 Value Projection: | USD 21 Billion |
| Historical Data for: | 2018 - 2023 |
| No. of Pages: | 380 |
| Tables, Charts & Figures: | 713 |
| Segments covered: | Application, System |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Ductless Heat Pump Market Scope
