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Europe Ducted Heat Pump Market Trends

Report ID: GMI6589
Published Date: Aug 2023
Report Format: PDF

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Europe Ducted Heat Pump Market Trends

Growing emphasis on energy efficiency coupled with increasing need for environmental sustainability in the region is projected to foster the industry landscape. Consumers and businesses alike are increasingly adopting ducted heat pump systems due to their impressive energy efficiency, which reduces carbon footprints and lowers utility bills. Furthermore, these systems are known for their ability to provide both heating and cooling, making them versatile solutions for the unpredictable climate variations in Europe. This adaptability is particularly valuable as it allows for year-round comfort and contributes to the industry expansion.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of ducted heat pump in Europe was reached USD 1.1 billion in 2023 and is set to grow 17.6% growth rate through 2032, owing to the increasing trend towards embracing energy-efficient heating and cooling systems, coupled with the expanding consumer purchasing power.

The residential sector is slated to register 17.5% CAGR till 2032, backed by the increasing focus on sustainability along with the growing demand for smart heat pumps across the residential application.

France ducted heat pump industry is estimated to observe 14.5% growth up to 2032 as French businesses are recognizing the importance of eco-friendly HVAC solutions, driven by stringent environmental regulations and a heightened corporate responsibility for reducing carbon footprints.

Rheem Manufacturing Company, STIEBEL ELTRON GmbH & Co. KG, OCHSNER, Glen Dimplex Group, Lennox International Inc., Panasonic Corporation, FUJITSU GENERAL Europe, Vaillant Group.