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Rising Prevalence Of Intelligent Or Connected Homes: A Key Driver Powering Ductless Heating And Cooling Systems Market Growth In 2025
Ductless Heating And Cooling Systems
What Is the Current Ductless Heating And Cooling Systems Market Size and Its Estimated Growth Rate?
The market size for ductless heating and cooling systems has seen significant growth recently. The market, which stood at $85.64 billion in 2024 is projected to reach $93.75 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.5%. Factors contributing to the growth during the historical period include energy efficiency policies, amplified awareness about environmental sustainability and energy preservation, expansion in the construction industry, unpredictable energy costs, and government incentives.
Expectations are that the market for ductless heating and cooling systems will experience robust expansion in the coming years, reaching a valuation of $135.4 billion by 2029, this correlates to a compound annual growth rate (CAGR) of 9.6%. The growth expected throughout this forecast period is believed to be due to a combination of factors, including climate change mitigation efforts, the push for more energy-efficient structures, widespread adoption of eco-friendly building certifications and standards, innovative research and development of sustainable materials, and increasing interest in passive and zero-energy building designs. Additionally, urbanization coupled with population growth are also contributing factors. Key trends forecasted for this period encompass smart and wi-fi enabled systems, the use of sustainable and environmentally friendly refrigerants, ductless mini-split systems, inverter technology, and innovations in heat pump technology.
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How Are Emerging Segments Shaping the Ductless Heating And Cooling Systems Market Landscape?
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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Which Growth Factors Are Influencing Ductless Heating And Cooling Systems Market Expansion?
The ductless heating and cooling systems market is anticipated to experience growth propelled by the rising number of smart homes. By automating various aspects such as temperature regulation, light controls, window treatments, and adjustments of watering based on weather conditions, smart homes provide users with better control over their home energy usage. These features help conserve electricity and reduce bills for power and water. For example, Oberlo, a software development firm based in Lithuania, reported in a recent survey that an estimated 57.4 million American households are utilizing smart home gadgets in 2022. This value represents a 6.7% increase from the previous year, when 53.8 million households were equipped with such gadgets. Thus, the expanding count of smart homes is set to drive the ductless heating and cooling systems market in the upcoming years.
Who Are the Dominant Players Across Different Ductless Heating And Cooling Systems Market Segments?
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 Latest Developing Trends in the Ductless Heating And Cooling Systems Market?
In the Ductless Heating and Cooling Systems market, top-tier companies are concentrating on crafting innovative solutions like ductless heat pump systems to improve energy efficiency and offer a flexible array for temperature regulation in residential and commercial properties. These pump systems are energy effective solutions for heating and cooling, comprising an outdoor unit and one or several indoor units, which allows for flexible temperature control without needing ductwork, thus making zonal temperature management possible and enhancing the indoor air quality. To exemplify, Quilt, a tech-intensive HVAC firm based in the US, introduced an advanced ductless heat pump system particularly for contemporary home temperature regulation in May 2024. This system boasts aesthetically appealing indoor units integrated with smart technology. It employs millimeter-wave radar sensors to detect occupancy, and enables efficient temperature control in each room through a dedicated remote or smartphone app. With notable energy efficiency scores (SEER2 of 25 and HSPF2 of 12) and capacity to function optimally in harsh climates, each Quilt heat pump which includes installation cost comes at a price of $6,499 per room.
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Which Geographic Regions Are Expected to Dominate the Ductless Heating And Cooling Systems Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Ductless Heating And Cooling Systems Market?
2. What is the CAGR expected in the Ductless Heating And Cooling Systems Market?
3. What Are the Key Innovations Transforming the Ductless Heating And Cooling Systems Industry?
4. Which Region Is Leading the Ductless Heating And Cooling Systems Market?
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