Europe Ducted Heat Pump Market Size - By Application (Residential {Single Family, Multi Family}, Commercial), Growth Opportunity, Industry Outlook & Forecast, 2023 - 2032

Europe Ducted Heat Pump Market Size - By Application (Residential {Single Family, Multi Family}, Commercial), Growth Opportunity, Industry Outlook & Forecast, 2023 - 2032

Europe ducted heat pump market size will grow at over 17.4% CAGR from 2023 to 2032, driven by the increasing awareness of environmental issues and the incessant need for energy-efficient heating and cooling solutions.

The influx of government incentives and regulations for promoting energy-efficient technologies and reducing carbon emissions are encouraging the adoption of ducted heat pumps in several European countries. For instance, in August 2023, Daikin Europe unveiled Altherma 3 R MT, its new split heat pump deploying mid-temperature refrigerants with the purpose of replacing traditional fossil fuel boilers. This initiative aligns seamlessly with the firm’s overarching strategy to contribute to the reduction of carbon emissions within the European heating sector.

Moreover, the rising advancements in heat pumps systems are making way for improved versatility and performance. The changing consumer preferences for centralized heating and cooling along with the growing desire for greater comfort and convenience will contribute to industry expansion.

The Europe ducted heat pump market is categorized based on application and region.

Based on application, the industry value from the commercial application segment will exhibit substantial CAGR up to 2032. The growth is attributed to the rising focus on energy efficiency and stringent environmental regulations in Europe. The increasing adoption of centralized heating and cooling systems in commercial buildings for enhancing comfort and reducing operational expenses will also drive the segment growth.

Regionally, the Germany ducted heat pump market size is slated to grow at robust CAGR during the analysis period. The strong commitment to environmental sustainability and energy efficiency in the country will push the adoption of ducted heat pumps to cater to the burgeoning requitements of eco-friendly heating and cooling solutions.

Additionally, the expanding construction industry is leading to the greater need for energy-efficient HVAC systems in residential and commercial buildings. The surge in government incentives and regulations for promoting energy-efficient technologies coupled with the rising desire to reduce carbon emissions will also fuel the regional industry growth.