North America Ducted Heat Pump Market Size – By Application, Analysis, Share, Growth Forecast, 2025 - 2034

North America Ducted Heat Pump Market Size

North America ducted heat pump market size in 2024 was valued at USD 6.1 billion and is estimated to grow at a CAGR of 6.5% from 2025 to 2034. Increasing adoption of energy-efficient systems and rising demand for environmentally friendly heating and cooling solutions will complement the industry landscape.
 

Governments are promoting low-emission alternatives through incentives and energy policies to support decarbonization efforts, driving the expansion and development of the heat pumps. For instance, in July 2024, The Canadian government introduced Green Buildings Strategy to enhance energy efficiency, reduce energy costs in residential and commercial structures. To support this effort, an USD 800 million Greener Homes Affordability Program has been introduced, targeting low and middle-income residents.
 

North America Ducted Heat Pump Market Trends

North America ducted heat pump industry is anticipated to grow on account of the increasing demand for energy-efficient systems, rising energy consumption and ongoing development of residential and commercial establishments. Rising living standards, shifting focus on improving energy efficiency by policymakers at both federal and state levels, contributing to the industry's growth. Regulators are actively formulating strategic reforms including stringent measures and favorable initiatives have been implemented to encourage the adoption of energy-efficient systems, driving the product deployment. For instance, in September 2024, the U.S. Department of Energy has allocated USD 38.8 million to support 25 projects in 17 states, to advance building technologies that will reduce carbon emissions, ease grid strain, improve resilience, energy efficiency and cut energy expenses.
 

North America Ducted Heat Pump Market Analysis

Residential segment is anticipated to grow over USD 5.6 billion by 2034. The surge in residential construction and growing urbanization and shifting focus on reducing energy consumption will augment the product deployment. Rising demand for smart heat pumps in residential applications as a more environmentally friendly alternative to traditional heating systems, is shaping the business dynamics. Rising living standards, growing demand for efficient and compact heating systems, and increasing concerns about emissions reduction are driving the need for clean and energy-efficient technologies, contributing to the residential ducted heat pump industry growth.
 

North America ducted heat pump market from single family segment is anticipated to witness a CAGR of over 6.5% by 2034. Zoning and temperature control capabilities, couples with improved aesthetics of ducted heat pumps, contribute to their widespread adoption in single-family homes. Ducted systems provide zoning options, enabling homeowners to regulate temperatures in different areas independently. This customization enhances comfort and energy efficiency by preventing unnecessary heating or cooling in unoccupied spaces further augmenting product deployment.
 

U.S. ducted heat pump market is set to grow over USD 11 billion by 2034. Increasing demand for energy-efficient HVAC systems, growing construction of residential and commercial establishments and rising adoption of smart home technology. Favorable policies toward adoption of heat pump systems and introduction of stringent building energy efficiency mandates by the authorities will stimulate the product penetration. For instance, in September 2024, The U.S. Department of Energy announced a USD 90 million investment to support energy code implementation across the nation. This funding, part of the Bipartisan Infrastructure Law, will back 25 projects, aimed at updating energy standards for buildings. The initiative seeks to improve energy efficiency, reduce costs for consumers, and lower greenhouse gas emissions.
 

Shifting focus on reducing greenhouse gas emissions, energy consumption and available incentives, and growing adoption of clean energy systems will complement the U.S. heat pump industry landscape. These systems are gaining popularity as secondary heating options in colder areas and primary cooling and heating solutions in milder climates will accelerate the product deployment.
 

North America Ducted Heat Pump Market Share

Leading manufacturers in the North America ducted heat pump industry are prioritizing strategic alliances and collaborations to enhance their competitive position. The introduction of advanced technologies and components by prominent players has positively influenced market dynamics. Strategic mergers and acquisitions, joint ventures and expansion of manufacturing capabilities by the industry players have further complemented the business landscape.
 

North America Ducted Heat Pump Market Companies

Major manufacturers operating across the market comprise of:

• American Standard
• Bosch
• Carrier
• Colmac
• Daikin
• Friedrich
• Fujitsu
• GREE
• Johnson Controls
• LG
• Lennox
• MRCOOL
• Napoleon
• Panasonic
• Pioneer
• Trane
   

North America Ducted Heat Pump Industry News

• In September 2024, Carrier has successfully completed the Cold Climate Heat Pump Challenge by the U.S. Department of Energy for residential applications. The company's Collierville, Tennessee plant, now a hub for high-efficiency heat pump production, will start making these units this month. Carrier tested three Infinity heat pumps worked at full capacity in very cold temperatures, even as low as -13°F outside and -23°F in lab tests in Syracuse homes. These ducted heat pumps are the first in Carrier's home lineup to give full heating power at 5°F, going beyond the challenge's requirements.
   
• In January 2024, At the 2024 AHR Expo, Bosch Home Comfort showcased two new products for HVACR professionals: the IDS Ultra Cold Climate Heat Pump and the GreenTronic 7000 T Hybrid Electric Water Heater. These offerings support the industry's shift to electric home comfort solutions. The IDS Ultra, designed for cold climates, maintains full heating capacity at 5°F (-15°C) and operates down to -13°F (-25°C). This innovation extends energy-efficient heating to most North American climate zones, including areas with sub-zero temperatures.
   

The North America ducted heat pump market research report includes in-depth coverage of the industry with estimates & forecast in terms of “’000 Units” and “USD Million” “‘from 2021 to 2034 for the following segments:

Click here to Buy Section of this Report

Market, By Application

• Residential
  • Single family
  • Multi family 
• Commercial

The above information has been provided for the following countries:

• U.S.
• Canada