Top Growth Trends in the Ductless Heating And Cooling Systems Market: Key Insights and Opportunities for 2025-2034
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How has the ductless heating and cooling systems market grown over the years?
In recent times, the market size for ductless heating and cooling systems has seen significant growth. It is projected to increase from $85.64 billion in 2024 to $93.75 billion in 2025, with a compound annual growth rate (CAGR) of 9.5%. Factors contributing to this growth during the historical period include energy efficiency regulations, growing understanding of environmental sustainability and energy conservation, expansion of the construction sector, changeable energy costs, and government incentives.
What Is the forecasted market size and growth rate for the ductless heating and cooling systems market?
The market for ductless heating and cooling systems is anticipated to experience significant expansion in the coming years, with predictions suggesting it will reach a value of $135.4 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 9.6%. This surge in the estimated timeframe is a result of factors such as initiatives to counter climate change and the necessity for energy-efficient buildings. Further contributing factors include the implementation of eco-friendly building certifications and standards, the development and application of sustainable materials, growing demand for passive home and zero-energy building schematics, in addition to urbanization and population increase. Noteworthy market trends for the forecast period comprise intelligent and Wi-fi compatible systems, sustainable and environmentally friendly refrigerants, inverter technology, ductless mini-split setups, and heat pump technology.
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What are the major factors driving growth in the ductless heating and cooling systems market?
The proliferation of smart homes is projected to fuel the expansion of the ductless heating and cooling systems market. Smart homes allow consumers greater control over their home’s energy use by automating functionalities such as temperature regulation, switching lights on and off, operating window treatments, and altering watering schedules based on the climate. These features ensure electricity conservation and help lower power and water expenses. For example, a study by Oberlo, a software development firm located in Lithuania, revealed that in 2022, around 57.4 million households in the US are now employing smart home devices, marking a 6.7% growth from 2021’s figure of 53.8 million households. Hence, the escalating number of smart homes will steer the growth of the ductless heating and cooling systems market in the forecast period.
What key areas define the segmentation of the global ductless heating and cooling systems Market?
The ductless heating and cooling systems market covered in this report is segmented –
1) By Type: Cooling Only Split System, Heat Pump, Chilled Water System, Window Air Conditioners
2) By Application: Residential, Commercial, Industrial
Subsegments:
1) By Cooling Only Split System: Mini-Split Cooling Systems, Multi-Split Cooling Systems
2) By Heat Pump: Ductless Mini-Split Heat Pumps, Ductless Multi-Split Heat Pumps, Ground Source Heat Pumps
3) By Chilled Water System: Chilled Water Fan Coil Units, Chilled Water Terminal Units
4) By Window Air Conditioners: Standard Window Units, Energy-Efficient Window Units, Smart Window Air Conditioners
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What are the top market players propelling the growth of the ductless heating and cooling systems industry?
Major companies operating in the ductless heating and cooling systems market include Daikin Industries Ltd., Fujitsu General Ltd., Hitachi Ltd., Johnson Controls International PLC, Carrier Global Corporation, Trane Technologies plc, Emerson Electric Co., Honeywell International Inc., Mitsubishi Electric Corporation, Nortek Air Solutions LLC, Samsung Electronics Co. Ltd., GREE Electric Appliances Inc. of Zhuhai, Midea Group Co. Ltd., Panasonic Corporation, Haier Smart Home Co. Ltd., Electrolux AB, Lennox International Inc., Rheem Manufacturing Company, Pioneer Air Conditioning & Heating Co., Mirage HVAC Systems Inc., Friedrich Air Conditioning Co. Ltd., LG HVAC, Senville, Air-Con International Inc., Cooper&Hunter International Corporation, YMGI Group
What are the key trends shaping the future of the ductless heating and cooling systems market?
Leading companies in the Ductless Heating and Cooling Systems market are concentrating on the creation of innovative solutions such as ductless heat pump systems, to boost energy efficiency and offer adaptable climate control possibilities for homes and businesses. Ductless heat pump systems are energy-savvy heating and cooling options that consist of an outdoor module and one or multiple indoor modules, allowing for adaptable climate regulation without the need for ducts, facilitating zone-specific temperature control, and enhancing indoor air purity. Quilt, a tech-focused HVAC company based in the US, unveiled a unique ductless heat pump system in May 2024 for contemporary home climate management, equipped with customizable indoor units boasting sleek aesthetics and smart features. In terms of occupant detection, the system uses millimeter-wave radar sensors, which enables the efficient administration of temperature room by room via a smartphone-based application or a dedicated remote. The Quilt heat pump, which boasts high energy efficiency ratings (SEER2 25 and HSPF2 12) and the capacity to perform effectively in extreme weather conditions, costs $6,499 per room, inclusive of installation.
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What regions are dominating the ductless heating and cooling systems market growth?
Asia-Pacific was the largest region in the ductless heating and cooling system market in 2024. The regions covered in the ductless heating and cooling systems market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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