North America Residential Ducted Heat Pump Market Size - By Application (Single Family, Multi Family), Country Outlook & Forecast, 2024 – 2032

North America Residential Ducted Heat Pump Market Size - By Application (Single Family, Multi Family), Country Outlook & Forecast, 2024 – 2032

North America residential ducted heat pump market size is expected to register a 7.3% CAGR between 2024 and 2032 driven by the increasing emphasis on energy efficiency and environmental sustainability. Homeowners and regulatory bodies prioritize systems that reduce energy consumption and lower greenhouse gas emissions. Ducted heat pumps are recognized for their efficiency in both heating and cooling, making them a preferred choice over traditional HVAC systems. For instance, in January 2024, Bosch Home Comfort Group introduced a residential air-to-air heat pump specifically engineered for heating in cold climates.

Modern ducted heat pumps offer improved performance in various climatic conditions, including extreme cold, which was previously a limitation for heat pump systems. Innovations in inverter technology and variable-speed compressors are also enhancing the efficiency and reliability of these systems, making them more appealing to homeowners. The increasing integration of smart home technology will also boost market growth, as ducted heat pumps can be seamlessly controlled and optimized through smart thermostats and home automation systems.

The overall industry is segmented into application and country.

Based on application, the North America residential ducted heat pump market from the multifamily segment is projected to observe substantial CAGR through 2032. This is due to the increasing demand for energy-efficient and cost-effective heating and cooling solutions in apartment buildings and condominiums. Property developers and managers are increasingly adopting ducted heat pump systems to meet stringent energy efficiency standards to reduce operational costs. These systems also provide consistent and reliable temperature control across multiple units for enhancing tenant comfort and satisfaction.

Canada residential ducted heat pump industry is predicted to grow through 2032 attributed to the strong commitment to reducing carbon emissions and promoting energy efficiency in homes. The government offers various incentives and rebates for homeowners who install energy-efficient heating and cooling systems to support the climate action plans. The harsh Canadian winters and the need for reliable, efficient heating solutions have also grown crucial, as modern ducted heat pumps are designed to perform well in colder climates.