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North America Ducted Heat Pump Market Size - By Application (Residential {Single Family, Multi Family}, Commercial)) & Forecast, 2024 - 2032

  • Report ID: GMI5734
  • Published Date: May 2023
  • Report Format: PDF

North America Ducted Heat Pump Market Size

North America Ducted Heat Pump Market size surpassed USD 5.6 Billion in 2023 and is anticipated to expand at 7.4% CAGR from 2024 to 2032. The paradigm shift toward the adoption of energy-efficient systems coupled with rising levels of consumer spending abilities will positively impact the industry growth. The ongoing advancement of low emission alternatives to attain a decarbonized economy strengthened by incentives and legislative energy policies constitutes the major shaping factor of the heat pump market.

North America Ducted Heat Pump Market

The ducted heat pump system is suitable for providing heating & cooling solutions across residential, & commercial spaces. Lower running costs, fewer maintenance requirements, fewer emissions, and a longer lifespan are some of the prominent features augmenting the demand for ducted heat pump units. The rapidly growing residential construction activities along with the shifting trends towards urban locations has attributed residential establishments to emerge as one of the prominent segments across the air source heat pump market. Numerous industry players have also introduced specific products with innovative features focusing on the residential applications.

Ongoing investments toward development of commercial infrastructure together with the introduction of stringent emission and energy optimization norms have stimulated the ducted heat pump market demand. Moreover, availability of zoning system that allows consumers to control the temperature of different areas of their home independently is one of the prime factors inducing industry growth.

COVID- 19 Impact

The ducted heat pump market observed limited growth amid the ongoing COVID–19 outbreak as the global economy took a major hit and the residential, commercial, and industrial operations were significantly impacted. The companies have observed limited operations, primarily owing to the shortage of raw materials from lower-tier suppliers, less availability of manpower, restricted investments across new infrastructure, and the slow recovery of logistics network capacity on account of geographical closures. However, the companies are implementing resourceful and creative methods to recruit workforces with an intent to achieve their production needs, positively catering to the market growth.

North America Ducted Heat Pump Industry Trends

Increasing demand for energy efficient system is one of the major driving forces for the North America ducted heat pump market. Over the last decade, rapid urbanization along with the surge in population levels has driven the energy consumption figures of the U.S. exponentially. Energy consumption rises as societies become more developed and the standard of living increases. As a result, managing the energy-efficiency has become the prime objective for policymakers at the federal and state levels, thereby contributing to the industry development.

Fossil fuel independency, regulators are working aggressively to formulate various strategic reforms. Several measures and initiatives have been taken to promote the adoption of energy-efficient systems. The introduction of similar reforms & measures increased the shipment of heat pump systems across the region by 2032.

North America Ducted Heat Pump Market Analysis

North America Ducted Heat Pump Market Size, By Application,

Commercial applications will witness strong growth owing to the introduction of stringent building energy codes by the local regulators. Flourishing economic structures along with government measures to raise foreign investments in the service sector industry will positively influence the North America ducted heat pump market expansion. In addition, the major growth prospects for commercial structures are attributed by the introduction of innovative units along with the establishment of advanced infrastructures in various verticals including colleges/universities, offices, hospitals, and hotels, among others. Moreover, the growing construction expenditures, stringent emission standards, and refurbishing of prevailing public establishments are some of the key parameters complementing the industry landscape.

North America Ducted Residential Heat Pump Market Revenue Share,

The heat pump demand in residential establishments has witnessed steep momentum over the years on account of the growing urban population and stringent mandates from the government toward energy conservation. Single-family homes remain the most popular type of housing in the U.S. for both renters and homeowners. Improving living standards along with the surging demand for compact and efficient heating technologies are anticipated to play a vital role in shaping the product trends across single & multifamily applications.

Multi-family units such as apartments and condominiums provide a more affordable and convenient option for many individuals and families, thereby contributing growth to the heat pump systems used in multifamily applications. Additionally, growing inclination towards convenience and flexibility over space and privacy, the multi-family housing options often provide amenities such as fitness centers, swimming pools, and common areas, thereby shifting consumer preference towards multi-family apartments, which in turn is anticipated to have a positive impact on the ducted heat pump market by 2032. However, the rapid population outburst in the U.S. & Canada and growing concerns toward emission reductions will boost the requirement for clean and energy-efficient technologies, thus proliferating the industry outlook.

U.S. Ducted Heat Pump Market,

The U.S. ducted heat pump industry witnessed a significant turnaround in 2022 with a optimistic outlook toward the incorporation of sustainable technologies and is expected to continue to flourish by 2032, driven by a combination of increasing demand for energy-efficient HVAC systems, availability of incentives and rebates, and the increasing popularity of smart home technology. These technologies are attracting attention as the secondary heating equipment in colder climates and primary cooling & heating equipment in mild climates in the region.

The trend is predicted to observe continuous progression backed by favorable administrative policies, steady economy, recovering housing market, and monetary incentives. Also, the growing focus on reducing harmful GHG emissions at the state and federal levels will positively cater to the regional ducted heat pump market adoption. For example, ducted heat pumps are highly efficient and can provide significant energy savings compared to traditional heating and cooling systems, which has made them an increasingly popular choice for both residential and commercial applications.

North America Ducted Heat Pump Market Share

Prominent industries operative in the North America Ducted Heat Pump business landscape includes:

  • Blink Charging Co.
  • Tesla
  • Elli
  • Zunder
  • ChargePoint, Inc
  • ABB
  • EVBox
  • Schneider Electric
  • Volta Industries Inc.
  • GreenWay Infrastructure s.r.o.
  • Eaton
  • Leviton Industries
  • Siemens
  • Delta Electronics.

North America Ducted Heat Pump Industry News

  • In April 2023, the U.S. government announced to invest USD250 Million to accelerate electric heat pump manufacturing across the country which is anticipated to spur the growth of the ducted heat pump industry over the course of time.
  • In May 2022, SAMSUNG announced to invest over USD 1 billion in the coming three years in its green climate and heat pump solutions. The strong growth of its green solution segment in 2021 led the group to invest the amount, increase its manufacturing capacities, and expand its research & development labs. The investment will boost production and subsequently strengthen the company’s market position.

This North America ducted heat pump market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘“000 Units’ & ‘USD Million’ from 2019 to 2032, for the following segments:

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Market, By application

  • Residential
    • Single family
    • Multi family
  • Commercial

The above information has been provided for the following countries:

North America

  • U.S.
  • Canada


Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of North America ducted heat pump exceeded USD 5.6 Billion in 2023 and is poised to depict 7.4% CAGR during 2032 to 2032 driven by the paradigm shift toward the adoption of energy-efficient systems.

The commercial applications segment is set to gain significant momentum attributed to the introduction of stringent building energy codes imposed by local regulators.

The U.S. ducted heat pump industry accounted for a sizable revenue share in 2022 and is expected to record significant growth through 2032 owing to the positive outlook toward the incorporation of sustainable technologies.

Blink Charging Co., Tesla, Elli, Zunder, ChargePoint, Inc, ABB, EVBox, Schneider Electric, Volta Industries Inc., GreenWay Infrastructure s.r.o., Eaton, Leviton Industries, Siemens, Delta Electronics are some of the top companies engaged in the ducted heat pump business across North America.

North America Ducted Heat Pump Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 126
  • Countries covered: 3
  • Pages: 150
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