Residential Ducted Heat Pump Market

ID: MRFR/IA - E/28684-HCR

128 Pages

Snehal Singh

October 2025

Residential Ducted Heat Pump Market Research Report By Heat Source (Air Source, Water Source, Geothermal Source), By Capacity (Less than 5 Tons, 5 to 10 Tons, 10 to 15 Tons, 15 to 20 Tons, 20 Tons or more), By Control Type (Remote Control, Zoned Control, Smart Control), By Efficiency (Low Efficiency (SEER less than 15), Moderate Efficiency (SEER 15-18), High Efficiency (SEER 18-21), Ultra-High Efficiency (SEER 21 or greater)), By Distribution System (Ductwork, Plenum, Ceiling-Mounted) and By Regional (North America, Europe, South America, As...

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Summary Table of Contents Segmentation Download PDF

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Residential Ducted Heat Pump Market Summary

The Global Residential Ducted Heat Pump Market is projected to grow significantly from 9.62 USD Billion in 2024 to 18.15 USD Billion by 2035.

Key Market Trends & Highlights

Residential Ducted Heat Pump Key Trends and Highlights

The market is expected to experience a compound annual growth rate (CAGR) of 5.94% from 2025 to 2035.
By 2035, the market valuation is anticipated to reach 18.1 USD Billion, indicating robust growth potential.
in 2024, the market is valued at 9.62 USD Billion, reflecting a strong foundation for future expansion.
Growing adoption of energy-efficient heating solutions due to increasing environmental awareness is a major market driver.

Residential Ducted Heat Pump Market

CAGR

5.94%

Market Size & Forecast

2024 Market Size	9.62 (USD Billion)
2035 Market Size	18.15 (USD Billion)
CAGR (2025-2035)	5.94%

Major Players

Daikin Industries, Ltd., Mitsubishi Electric Corporation, Lennox International, O. Smith Corporation, Hisense Group, Midea Group, Haier, LG Electronics, Rheem Manufacturing Company, Carrier Global Corporation, Johnson Controls, Panasonic Corporation, Goodman Global, Gree Electric, Toshiba Carrier

Residential Ducted Heat Pump Market Trends

The residential ducted heat pump market is poised for significant growth, driven by increasing demand for energy-efficient heating and cooling solutions. Technological advancements, such as variable speed compressors and inverter technology, have enhanced the efficiency and comfort of these systems. Moreover, government initiatives and incentives promoting sustainable energy practices are fueling market expansion.

The increasing emphasis on energy efficiency and sustainable heating solutions is driving a notable shift towards residential ducted heat pumps, which are recognized for their potential to reduce energy consumption and greenhouse gas emissions.

U.S. Department of Energy

Residential Ducted Heat Pump Market Drivers

Growing Demand for Energy Efficiency

The Global Residential Ducted Heat Pump Market Industry is experiencing a surge in demand driven by the increasing emphasis on energy efficiency. Homeowners are increasingly seeking solutions that reduce energy consumption and lower utility bills. Ducted heat pumps, known for their ability to provide both heating and cooling, align well with these needs. In 2024, the market is projected to reach 9.62 USD Billion, reflecting a growing consumer preference for sustainable and cost-effective heating solutions. This trend is likely to continue as energy costs rise and governments implement stricter energy efficiency regulations.

Market Segment Insights

Residential Ducted Heat Pump Market Segment Insights

Residential Ducted Heat Pump Market Heat Source Insights

The Global Residential Ducted Heat Pump Market is segmented by Heat Sources into Air Sources, Water Sources, and Geothermal Sources. The Air Source segment is expected to hold the largest market share in 2023, accounting for over 60% of the Global Residential Ducted Heat Pump Market revenue. The growth of this segment can be attributed to the increasing demand for energy-efficient and cost-effective heating and cooling solutions. Air Source heat pumps offer a cost-effective way to heat and cool a home, as they use the outside air as a heat source or heat sink.

They are also relatively easy to install and maintain, making them a popular choice for homeowners. The Water Source segment is expected to witness significant growth over the forecast period, owing to the increasing adoption of water-based heating and cooling systems. Water-source heat pumps use water as a heat source or heat sink, which makes them more efficient than Air Source heat pumps in areas with cold climates. The Geothermal Source segment is expected to grow at a steady pace over the forecast period, owing to the increasing awareness of the benefits of geothermal energy.

Geothermal heat pumps use the heat from the earth as a heat source or heat sink, which makes them a very efficient and environmentally friendly heating and cooling solution. The Global Residential Ducted Heat Pump Market is driven by several factors, including the increasing demand for energy-efficient heating and cooling solutions, the growing adoption of smart home technologies, and the increasing awareness of the benefits of geothermal energy.

The market is expected to witness significant growth in emerging economies, such as China, India, and Brazil, owing to the increasing demand for energy-efficient and cost-effective heating and cooling solutions in these regions.

Residential Ducted Heat Pump Market Capacity Insights

The Global Residential Ducted Heat Pump Market is segmented by capacity, with categories including 'Less than 5 Tons', '5 to 10 Tons', '10 to 15 Tons', '15 to 20 Tons', and '20 Tons or more'. Among these, the '5 to 10 Tons' segment held the largest market share in 2023, accounting for approximately 40% of the global market revenue. This segment's dominance is attributed to the widespread use of 5 to 10-ton ducted heat pumps in residential applications, particularly in regions with moderate climates.

The 'Less than 5 Tons' segment is projected to witness the highest growth rate during the forecast period, driven by the increasing adoption of energy-efficient solutions and government initiatives promoting sustainable heating and cooling systems.

Residential Ducted Heat Pump Market Control Type Insights

The Control Type segment holds significant importance in the Global Residential Ducted Heat Pump Market. It comprises three major categories: Remote Control, Zoned Control, and Smart Control. In 2023, the Remote Control segment dominated the market with a revenue share of around 45%. This dominance can be attributed to its cost-effectiveness, ease of use, and wide availability.

The Zoned Control segment is projected to witness a steady growth rate during the forecast period, owing to its ability to provide customized temperature control in different zones of a building.This results in improved energy efficiency and enhanced comfort levels, driving its market growth. Smart Control is gaining traction due to its advanced features, such as remote access, programmable settings, and compatibility with smart home devices. Its ability to optimize energy consumption, monitor performance, and provide real-time insights is expected to fuel its adoption in the coming years.

As per market data, the Smart Control segment is anticipated to reach a revenue of USD 2.5 billion by 2032, showcasing its increasing prominence in the Global Residential Ducted Heat Pump Market.

Residential Ducted Heat Pump Market Efficiency Insights

The efficiency segment plays a crucial role in shaping the Global Residential Ducted Heat Pump Market revenue. It is segmented into four sub-categories: Low Efficiency (SEER less than 15), Moderate Efficiency (SEER 15-18), High Efficiency (SEER 18-21), and Ultra-High Efficiency (SEER 21 or greater). In 2023, the Moderate Efficiency segment held the largest market share due to its cost-effectiveness and wide availability.

However, the Ultra-High Efficiency segment is projected to witness the highest growth rate during the forecast period (2024-2032), driven by increasing consumer awareness about energy efficiency and government regulations favoring sustainable solutions.The growing demand for energy-efficient appliances and the rising adoption of smart home technologies are further contributing to the growth of the high-efficiency and ultra-high-efficiency segments.

Residential Ducted Heat Pump Market Distribution System Insights

The distribution system segment of the Global Residential Ducted Heat Pump Market is categorized into ductwork, plenum, and ceiling-mounted. Ductwork held the largest market share in 2023, accounting for over 55% of the total market revenue. The growth of the ductwork segment can be attributed to the increasing adoption of ducted heat pumps in residential applications, as they offer better temperature control and energy efficiency compared to traditional heating and cooling systems.

Plenum is expected to witness the highest growth rate during the forecast period, owing to its ability to distribute air more evenly throughout a space, resulting in improved comfort levels.Ceiling-mounted systems are gaining popularity due to their compact design and ability to be installed in spaces with limited ceiling height. The Global Residential Ducted Heat Pump Market for the distribution system segment is expected to reach USD 1.2 billion by 2027, growing at a CAGR of 6.5% during the forecast period.

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Regional Insights

The Global Residential Ducted Heat Pump Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America is expected to hold the largest market share in 2023, owing to the increasing adoption of energy-efficient heating and cooling systems in residential buildings. The region is also home to several leading manufacturers of residential ducted heat pumps, which further contributes to its dominance in the market.

Europe is expected to be the second-largest market for residential ducted heat pumps, driven by government regulations promoting energy efficiency and the growing popularity of smart home technologies.The APAC region is expected to witness significant growth in the coming years due to rising disposable incomes and increasing awareness about the benefits of residential ducted heat pumps. South America and MEA are expected to be smaller markets for residential ducted heat pumps, but they are expected to grow steadily in the coming years.

Residential Ducted Heat Pump Market Regional

Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

Key Players and Competitive Insights

Major players in the Residential Ducted Heat Pump Market industry are continuously striving to enhance their product portfolio and geographical presence. Strategic partnerships, collaborations, and mergers & acquisitions are key strategies adopted by leading Residential Ducted Heat Pump Market players to gain a competitive edge. Additionally, companies are focusing on developing innovative technologies and solutions to meet the evolving needs of customers. The Residential Ducted Heat Pump Market Competitive Landscape is characterized by the presence of both global and regional players.

Key players are investing heavily in research and development to stay ahead of the competition and offer advanced products to customers.Daikin Industries, Ltd. is a leading player in the Residential Ducted Heat Pump Market, offering a comprehensive range of high-efficiency and innovative products. The company has a strong global presence and a reputation for delivering quality products and services. Daikin is focused on developing sustainable and environmentally friendly solutions that meet the growing demand for energy-efficient heating and cooling systems.Mitsubishi Electric Corporation is another prominent player in the Residential Ducted Heat Pump Market.

The company offers a wide range of products that are designed to provide efficient heating and cooling solutions for homes of all sizes. Mitsubishi Electric is known for its advanced technology and commitment to customer satisfaction. The company has a strong distribution network and provides excellent technical support to its customers.

Key Companies in the Residential Ducted Heat Pump Market market include

Industry Developments

The Global Residential Ducted Heat Pump Market is projected to reach USD 17.13 billion by 2034, exhibiting a CAGR of 5.94% during the forecast period. The market growth is attributed to the increasing demand for energy-efficient heating and cooling solutions, government regulations promoting sustainable practices, and rising concerns about environmental impact. Recent news developments include the launch of new products with advanced features, such as variable-speed compressors and smart controls, by leading players like Carrier and Lennox.

Furthermore, the growing adoption of smart home technologies and the integration of heat pumps with renewable energy sources are expected to drive market expansion.

Future Outlook

Residential Ducted Heat Pump Market Future Outlook

The Residential Ducted Heat Pump Market is projected to grow at a 5.94% CAGR from 2025 to 2035, driven by energy efficiency demands, technological advancements, and regulatory support.

New opportunities lie in:

Develop smart heat pump systems integrating IoT for enhanced energy management.
Expand into emerging markets with tailored financing solutions for residential customers.
Invest in R&D for eco-friendly refrigerants to meet evolving environmental regulations.

By 2035, the market is expected to achieve substantial growth, reflecting increased adoption and innovation.

Market Segmentation

Residential Ducted Heat Pump Market Capacity Outlook

Remote Control
Zoned Control
Smart Control

Residential Ducted Heat Pump Market Regional Outlook

North America
Europe
South America
Asia Pacific
Middle East and Africa

Residential Ducted Heat Pump Market Efficiency Outlook

Ductwork
Plenum
Ceiling-Mounted

Residential Ducted Heat Pump Market Heat Source Outlook

Less than 5 Tons
5 to 10 Tons
10 to 15 Tons
15 to 20 Tons
20 Tons or more

Residential Ducted Heat Pump Market Control Type Outlook

Low Efficiency (SEER less than 15)
Moderate Efficiency (SEER 15-18)
High Efficiency (SEER 18-21)
Ultra-High Efficiency (SEER 21 or greater)

Residential Ducted Heat Pump Market Distribution System Outlook

North America
Europe
South America
Asia Pacific
Middle East and Africa

Report Scope

Report Attribute/Metric	Details
Market Size 2024	9.62 (USD Billion)
Market Size 2025	10.19 (USD Billion)
Market Size 2035	18.15 (USD Billion)
Compound Annual Growth Rate (CAGR)	5.94% (2025 - 2035)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2023
Market Forecast Units	USD Billion
Key Companies Profiled	Lennox International, Mitsubishi Electri, A. O. Smith Corporation, Hisense Group, Midea Group, Haier, LG Electronics, Rheem Manufacturing Company, Carrier Global Corporation, Johnson Controls, Panasonic Corporation, Goodman Global, Daikin Industries, Gree Electric, Toshiba Carrier
Segments Covered	Heat Source, Capacity, Control Type, Efficiency, Distribution System, Regional
Key Market Opportunities	Energy efficiency regulations Smart home integration Growing awareness of IAQ HVAC system upgrades Renovations and replacements.
Key Market Dynamics	Increasing energy efficiency Rising demand for comfort cooling Government incentives Technological advancements Growing construction sector.
Countries Covered	North America, Europe, APAC, South America, MEA

FAQs

What is the current market size of the Global Residential Ducted Heat Pump Market?

The Global Residential Ducted Heat Pump Market was valued at USD 9.62 billion in 2024.

What is the projected CAGR of the Global Residential Ducted Heat Pump Market?

The Global Residential Ducted Heat Pump Market is expected to grow at a CAGR of 5.94% from 2025 to 2034.

What is the expected market size of the Global Residential Ducted Heat Pump Market in 2032?

The Global Residential Ducted Heat Pump Market is expected to reach USD 14.4 billion by 2034.

Which region is expected to dominate the Global Residential Ducted Heat Pump Market?

North America is expected to dominate the Global Residential Ducted Heat Pump Market throughout the forecast period.

What are the key factors driving the growth of the Global Residential Ducted Heat Pump Market?

Increasing demand for energy-efficient heating and cooling solutions, rising environmental concerns, and government incentives for the adoption of renewable energy technologies are driving the growth of the market.

Who are the key competitors in the Global Residential Ducted Heat Pump Market?

Key competitors in the market include Mitsubishi Electric, Daikin Industries, Carrier, Trane, and Lennox International.

What are the major applications of Residential Ducted Heat Pumps?

Residential ducted heat pumps are primarily used for heating and cooling residential buildings.

What are the challenges faced by the Global Residential Ducted Heat Pump Market?

High upfront costs and the availability of alternative heating and cooling technologies pose challenges to the market.

What are the opportunities for growth in the Global Residential Ducted Heat Pump Market?

Growing awareness of energy efficiency, government initiatives, and technological advancements present opportunities for market growth.

What are the key trends in the Global Residential Ducted Heat Pump Market?

The increasing adoption of smart home technologies and the growing demand for sustainable solutions are key trends in the market.

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