North America Ducted Heat Pump Market Size - By Application (Residential (Single Family, Multi Family), Commercial) & Forecast, 2023

Description

List of Tables

Global North America Ducted Heat Pump Market will witness significant growth between 2023 and 2032. The escalating concern for energy efficiency and environmental sustainability is propelling homeowners and businesses to opt for ducted heat pump systems. These systems offer dual functionality, providing both heating and cooling and are renowned for their reduced energy consumption and lower carbon footprint.

Robust government incentives, rebates, and stringent building codes are spurring the adoption of these systems, aligning with broader climate goals. According to the United States Inflation Reduction Act, heat pump models that achieve the Consortium for Energy Efficiency's (CEE) highest tier of efficiency are eligible for a federal tax credit. This tax credit is valid for up to $2,000 and covers 30% of the price you spent for your heat pump overall, including labor costs. It will be in effect until the end of 2032.

Moreover, technological innovations in heat pump design, including improved compressor technology and smart thermostats, enhance system performance and user experience. As consumers seek long-term cost savings and eco-friendly solutions, the North America ducted heat pump market is witnessing significant growth, poised to revolutionize the region's heating and cooling landscape.

The overall North America Ducted Heat Pump Market is classified based on application and country.

Based on the application, the residential segment will drive appreciable gains from 2023 to 2032. Homeowners are increasingly recognizing the benefits of ducted heat pump systems for efficient year-round comfort. These systems provide both heating and cooling capabilities, offering a versatile solution that aligns with changing weather patterns. With energy efficiency being a prime concern, ducted heat pumps present an appealing option, translating into reduced energy bills and a reduced carbon footprint. As sustainability gains traction and consumers seek eco-friendly alternatives, the residential North America ducted heat pump market demand is soaring, reshaping the way homes are heated and cooled.

Canada ducted heat pump market will gain traction during 2023-2032 due to the region's diverse climate, characterized by harsh winters and hot summers. Ducted heat pump systems perfectly address this requirement, offering efficient year-round comfort in homes and businesses. Additionally, as Canada intensifies efforts toward energy efficiency and reduced greenhouse gas emissions, the adoption of ducted heat pumps aligns with these goals. Government incentives further bolster the market's growth. The rising awareness of sustainable heating and cooling options, in line with the practical benefits of ducted heat pumps, underscores their growing popularity in the Canadian market.

Product Code: 5734

Chapter 1 Methodology & Scope

1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid
  - 1.4.2.2 Unpaid

Chapter 2 North America Ducted Heat Pump Industry Insights

2.1 Industry ecosystem analysis
- 2.1.1 Vendor Matrix
2.2 Regulatory landscape
2.3 Industry impact forces
- 2.3.1 Growth drivers
- 2.3.2 Industry pitfalls & challenges
2.4 COVID- 19 impact on the industry outlook
2.5 Growth potential analysis
2.6 Porter's Analysis
- 2.6.1 Bargaining power of suppliers
- 2.6.2 Bargaining power of buyers
- 2.6.3 Threat of new entrants
- 2.6.4 Threat of substitutes
2.7 PESTEL Analysis

Chapter 3 Competitive Benchmarking

3.1 Competitive landscape, 2022
- 3.1.1 Strategic dashboard
3.2 Innovation & sustainability landscape

Chapter 4 North America Ducted Heat Pump Market, By Application (“000 Units, USD Million)

4.1 Key application trends
4.2 Residential
- 4.2.1 Single family
- 4.2.2 Multifamily
4.3 Commercial

Chapter 5 North America Ducted Heat Pump Market, By Country (“000 Units, USD Million)

5.1 Key country trends
5.2 U.S.
5.3 Canada

Chapter 6 Company Profiles

6.1 Trane
6.2 Danfoss
6.3 Daikin
6.4 Carrier
6.5 SAMSUNG
6.6 Bard HVAC
6.7 Mitsubishi Electric Corporation
6.8 Bosch Thermotechnology Corp.
6.9 Fujitsu General
6.10 Rheem Manufacturing Company