Ductless HVAC System Market Size was valued at USD 51.9 Billion in 2022. The Ductless HVAC System market industry is projected to grow from USD 55.83 Billion in 2023 to USD 100.17 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.58% during the forecast period (2023 - 2032). Growth in the construction market and easy installation procedures are the key market drivers contributing to the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The growing popularity in commercial and industrial sectors drives Market CAGR for weight loss supplements. While ductless HVAC systems have traditionally been associated with residential applications, their popularity rapidly expands in the commercial and industrial sectors. Ductless systems provide flexible and efficient heating and cooling solutions in commercial buildings such as offices, retail stores, and hotels. These systems allow for independent temperature control in different areas, enabling optimal comfort for occupants. Additionally, their compact size and ease of installation make them suitable for retrofitting older buildings where ductwork may not be feasible. In the industrial sector, ductless HVAC systems are employed for spot cooling or heating in specific areas, providing localized climate control and enhancing energy efficiency.
Additionally, technological advancements have revolutionized the ductless HVAC system market, enhancing its functionality and convenience. Manufacturers are integrating smart features into these systems, enabling remote access, programmable scheduling, and integration with smart home automation platforms. Internet of Things technology has facilitated the development of connected ductless HVAC systems, allowing users to control and monitor their systems through smartphones or other smart devices. Integrating sensors, artificial intelligence, and machine learning algorithms further optimize system performance, improving comfort and energy efficiency.
In response to growing environmental concerns and stringent regulations, there has been a rising demand for energy-efficient HVAC systems globally. Ductless HVAC systems, or mini-split systems, offer superior energy efficiency compared to traditional ducted systems. They eliminate energy losses associated with ductwork and enable individual temperature control in different zones, resulting in significant energy savings. The emphasis on reducing carbon emissions and achieving sustainability goals has propelled the adoption of ductless HVAC systems in residential and commercial buildings, leading to their rapid market growth.
For instance, the ductless HVAC system market is witnessing rapid growth, driven by the increasing demand for energy-efficient solutions, technological advancements, and the expanding adoption in commercial and industrial sectors. The emphasis on sustainability and energy conservation, along with advancements in smart technology, has propelled the market forward. As the market continues to evolve, manufacturers are expected to focus on enhancing energy efficiency, integrating more intelligent features, and expanding their product offerings to cater to diverse customer needs driving the Ductless HVAC System market revenue.
The Ductless HVAC System market segmentation, based on equipment type, includes heating, ventilation, and cooling. The ventilation segment dominated the market due to the widespread adoption of split systems in residential and commercial buildings. Split systems are cost-effective, energy-efficient, and easy to install.
The Ductless HVAC System market segmentation, based on implementation type, includes new construction and retrofit. The retrofit category generated the most income due to the increasing trend of retrofitting old buildings with energy-efficient HVAC systems to reduce energy costs and improve indoor air quality. Retrofitting also allows building owners to avoid the high costs of demolishing and rebuilding new structures.
The Ductless HVAC System market segmentation, based on application, includes residential, commercial, and industrial. The residential category dominated the market, owing to the rising demand for energy-efficient HVAC systems in residential buildings, driven by rising energy costs and raising awareness of the environmental impact of energy consumption.
Figure 1: Ductless HVAC System Market by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Ductless HVAC System market will have rapid growth in the market, owing to the rising consumer awareness about energy-efficient HVAC systems, stringent government regulations promoting energy conservation, and increasing construction activities that drive the demand for ductless HVAC systems in North America. Additionally, the renovation and replacement market is also a key driver of growth in this region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Ductless Hvac System Market Share By Region 2022 (Usd Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's Ductless HVAC System market accounts for the second-largest market share due to the region's focus on energy efficiency and strict regulations regarding carbon emissions, which has led to the significant adoption of ductless HVAC systems. Further, the German Ductless HVAC System market held the largest market share, and the UK Ductless HVAC System market was the fastest-growing market in the European region.
The Asia-Pacific Ductless HVAC System Market will dominate the CAGR from 2023 to 2032. Significant urbanization, increasing disposable income, and changing consumer preferences toward energy-efficient solutions are key factors driving the market in this region. Moreover, China’s Ductless HVAC System market held the largest market share, and the Indian Ductless HVAC System market was the significant-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Ductless HVAC System market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Ductless HVAC System industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Ductless HVAC System industry to benefit clients and increase the market sector. The Ductless HVAC System industry has offered some of the most significant medical advantages in recent years. Major players in the Ductless HVAC System market, including Samsung Electronics Co. Ltd., Hitachi Ltd., United Technologies Corporation, LG Electronics, Johnson Controls, Mitsubishi Electric Corporation, Whirlpool Corporation, Daikin Industries Ltd., Electrolux, Trane, and others, are attempting to increase market demand by investing in research and development operations.
International Dura Star, founded in 2001, and produced by Navistar International, is a product line of medium trucks. It competed against chassis cab vehicles derived from pickup trucks serving as the smallest international conventional cab product range. In April 2021, Durastar, a heating and cooling manufacturer, launched its first mini-split system range at the Power Equipment Direct chain of stores. With a 10-year components warranty, the product changes give homeowners a reliable performance at an affordable price. Durastar mini-split structures provide optimal performance and endurance, reducing contractor returns and changing customer satisfaction. Thus, the floating heating and cooling systems for homes are driving the ductless heating & cooling systems market growth during the forecast period.
Trane Inc., founded in 1913, and located in Swords, Dublin, Ireland, manufactures heating, ventilation, air conditioning, building management, and controls. It is a subsidiary of Trane Technologies. In 2021, Trane China propounded a new group of air cleaning systems that handles advanced technology to cut manipulation in indoor environments, including particulates, gases, and viruses. The system comprehensively improves indoor air quality. It shapes environmental safety under the new normal with the COVID-19 pandemic and meets people's added requirements for a safe, healthy, and comfortable indoor environment.
In 2021: Nortek HVAC, a manufacturer of the industry's best unit heaters, improved its top Reznor brand of all applications gas-fired unit heaters for the American market.
In 2021: Carrier propounded a new Toshiba Carrier touchscreen controller in America for VRF systems capable of connecting up to 128 indoor units to one easy-to-use interface.
September 2021: Johnson Controls and Apollo Management, Inc., a alternative asset manager, launched a strategic partnership to offer sustainability and energy efficiency services to their customers to help them meet decarburization and operating cost goals for their buildings. The alliance creates a new strategic alternative for tackling the USD in billions worldwide markets for decarburization retrofit and services over the next decade in North America.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 51.9 Billion |
| Market Size 2023 | USD 55.83 Billion |
| Market Size 2032 | USD 100.17 Billion |
| Compound Annual Growth Rate (CAGR) | 7.58% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Equipment Type, Implementation Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Samsung Electronics Co. Ltd., Hitachi Ltd., United Technologies Corporation, LG Electronics, Johnson Controls, Mitsubishi Electric Corporation, Whirlpool Corporation, Daikin Industries Ltd., Electrolux, Trane. |
| Key Market Opportunities | The rise in expenditure on public and private infrastructure projects. |
| Key Market Dynamics | The increase in demand and use for energy-efficient and power-saving heating and cooling equipment in various sectors. |
Ductless HVAC system Market Highlights:
Frequently Asked Questions (FAQ) :
The Ductless HVAC System market size was valued at USD 51.9 Billion in 2022.
The market is projected to grow at a CAGR of 7.58% during the forecast period, 2023-2032.
Asia-Pacific held the largest share of the market
The key players in the market are Samsung Electronics Co. Ltd., Hitachi Ltd., United Technologies Corporation, LG Electronics, Johnson Controls, Mitsubishi Electric Corporation, Whirlpool Corporation, Daikin Industries Ltd., Electrolux, and Trane.
The ventilation category dominated the market in 2022.
The retrofit had the largest share of the market.
The residential segment dominated the ductless market in 2022.
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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