Key Insights into the Ductless Heating And Cooling Systems Market: Trends, Growth Rate, and Opportunities Through 2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What External and Internal Drivers Are Contributing to the Growth of theDuctless Heating And Cooling Systems Market?
The rise in smart homes is anticipated to stimulate the advancement of the ductless heating and cooling systems market in the future. Smart homes allow homeowners greater oversight over their household energy usage, with automation processes that adjust temperature, toggle lights on and off, control window treatments and alter watering schedules according to the weather. These capabilities promote electrical efficiency and can lower both electricity and water costs. For instance, a survey carried out by Oberlo, a Lithuanian software development firm, found that as of 2022, around 57.4 million American households are employing smart home devices, reflecting a 6.7% rise from 53.8 million households in 2021. Consequently, the escalating amount of smart homes is set to bolster the ductless heating and cooling systems market in the upcoming forecast period.
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#How Does the ProjectedDuctless Heating And Cooling Systems Market Growth Compare Over the Forecast Period?
There has been a robust growth in the market size of ductless heating and cooling systems in the past few years. The market is projected to expand from a value of $85.64 billion in 2024 to attain a worth of $93.75 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 9.5%. Several factors contributing to the growth during the historical period include regulations centered around energy efficiency, a rise in environmental sustainability and energy conservation awareness, a growing construction industry, variation in energy costs, and government incentives.
In the forthcoming years, the market size of ductless heating and cooling systems is predicted to experience significant expansion, reaching $135.4 billion in 2029 with a compound annual growth rate (CAGR) of 9.6%. This increase in the projection period is owed to drives to mitigate climate change and the demand for energy-saving structures, the embracement of ecological building certifications and norms, the research and advancement of sustainable materials, the escalating demand for passive house and zero-energy building designs, and the surge of urbanization and population increase. Notable trends anticipated for the forecast period comprise of smart and wi-fi-connected systems, sustainability and ecologically benign refrigerants, inverter technology, ductless mini-split systems, and heat pump technology.
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Which Upcoming Market Trends and Innovations Are Set to Influence theDuctless Heating And Cooling Systems Market’s Path Forward?
The Ductless Heating and Cooling Systems market has seen significant interest from major companies, who are focusing on introducing innovative solutions like ductless heat pump systems. These systems are designed to boost energy efficiency and offer flexible climate control for both residential and commercial premises. Ductless heat pump systems are essentially energy-saving heating and cooling solutions made up of one or more indoor units along with an outdoor unit. These systems eliminate the need for ductwork, enable zone-wise temperature management, and improve indoor air quality. An example of such innovation came in May 2024, when Quilt, a tech-savvy HVAC company based in the US, unveiled a state-of-the-art ductless heat pump system. Designed for contemporary home climate control, it featured customizable indoor units that were aesthetically pleasing and incorporated intelligent technology. The features of this system include millimeter-wave radar sensors for effective occupancy detection, facilitating efficient temperature management on a room-to-room basis through a smartphone app or a dedicated remote. The Quilt heat pump, with high energy efficiency ratings (SEER2 25 and HSPF2 12) and the capacity to perform well in extreme temperatures, has a price tag of $6,499 per room, which includes installation costs.
Who Are the Dominant Market Players Pushing the Boundaries of theDuctless Heating And Cooling Systems Market?
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
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What Are the Core Segments of the Ductless Heating And Cooling Systems Market, and How Do They Contribute to Growth?
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 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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