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Key Influencer in the Ductless Heating And Cooling Systems Market 2025: Rising Prevalence Of Intelligent Or Connected Homes Driver
Ductless Heating And Cooling Systems Market Size
The proliferation of smart homes is anticipated to stimulate the expansion of the ductless heating and cooling systems market in the future. These intelligent homes provide occupants with enhanced command over their domestic energy usage by automating processes like temperature regulation, light control, window treatments manipulation and weather-dependent watering adjustments. Such features ensure electrical efficiency and help decrease power and water expenses. For example, a research conducted by Oberlo, a software development firm in Lithuania, revealed that in 2022, about 57.4 million households in the United States are currently utilizing smart home devices. This data shows a 6.7% rise from 2021, when the figure was 53.8 million households. Hence, the escalating count of smart homes will serve as a driving force for the ductless heating and cooling systems market over the projected period.
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What is the future CAGR of the ductless heating and cooling systems market, and how will it impact industry expansion?
The market size of ductless heating and cooling systems has seen significant expansion in the previous years. There is a predicted rise from $85.64 billion in 2024 to $93.75 billion in 2025, with a compound annual growth rate (CAGR) of 9.5%. The historical growth is credited to factors such as energy efficiency standards, heightened consciousness about environmental sustainability and energy preservation, growth in the construction industry, variable energy prices, and government incentives.
The market for ductless heating and cooling systems is anticipated to experience robust growth in the coming years, ballooning to $135.4 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 9.6%. Factors driving this expected growth during the forecast period include endeavors to mitigate climate change, an increase in demand for energy-efficient structures, implementation of green construction standards and certifications, advancements in sustainable materials, and rising demand for passive house and zero-energy architectural designs. This growth is further intensified by the swelling rates of urbanization and population increase. In this forecast period, we expect major trends such as smart, Wi-Fi-equipped systems, sustainable and environmentally-friendly refrigerants, inverter technology, ductless mini-split setups, and heat pump technology.
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What are the most significant trends transforming the ductless heating and cooling systems market today?
Prominent firms in the Ductless Heating and Cooling Systems market are focusing their efforts on the creation of innovative solutions like ductless heat pump systems to increase energy efficiency and offer flexible temperature regulation options for residential and commercial areas. These ductless heat pump systems are an energy-efficient option for heating and cooling, comprising an exterior unit and one or multiple interior modules that provide adaptable environmental control without ductwork. They offer benefits such as zone-specific temperature regulation and enhanced indoor air quality. Quilt, a U.S.-based HVAC company with a tech-forward approach, introduced an inventive ductless heat pump system in May 2024. The system is aimed at the modern home climate control needs and boasts customizable indoor units, aesthetic designs, and intelligent technology. It uses millimeter-wave radar sensors for identifying room occupancy, facilitating room-specific temperature control through a smartphone application or bespoke remote. With commendable energy efficiency ratings (SEER2 25 and HSPF2 12) and the capacity to perform effectively under extreme weather conditions, the Quilt heat pump is available at $6,499 per room, which encompasses installation charges.
Which key market segments comprise the ductless heating and cooling systems market and drive its revenue 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 at the forefront of ductless heating and cooling systems market expansion?
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.
Who are the leading players fueling growth in the ductless 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 Is Covered In The Ductless Heating And Cooling Systems Global Market Report?
•Market Size Forecast: Examine the ductless heating and cooling systems market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the ductless heating and cooling systems market for a structured understanding.
•Key Players Overview: Analyze major players in the ductless heating and cooling systems market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the ductless heating and cooling systems market.
•Segment Contributions: Evaluate how different segments drive overall growth in the ductless heating and cooling systems market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the ductless heating and cooling systems market.
•Industry Challenges: Identify potential risks and obstacles affecting the ductless heating and cooling systems market.
•Competitive Landscape: Review strategic developments in the ductless heating and cooling systems market, including expansions, agreements, and new product launches.
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