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Driving Ductless Heating And Cooling Systems Market Growth in 2025: The Role of Rising Prevalence Of Intelligent Or Connected Homes
Ductless Heating And Cooling Systems Market Size
Ductless Heating And Cooling Systems Market Size Growth Forecast: What to Expect by 2025?
In recent times, the market size of ductless heating and cooling systems has seen significant expansion. It is expected to grow from a value of $85.64 billion in 2024, to a whopping $93.75 billion by 2025, exhibiting a compound annual growth rate (CAGR) of 9.5%. This surge during the historical period can be credited to the introduction of energy efficiency standards, rising cognizance about environmental sustainability, energy preservation, growth in the construction sector, variable energy prices, and governmental inducements.
How Will the Ductless Heating And Cooling Systems Market Size Evolve and Grow by 2029?
The market size for ductless heating and cooling systems is poised for robust expansion in the upcoming years. It is projected to increase to a value of $135.4 billion in 2029, presenting a compound annual growth rate (CAGR) of 9.6%. This growth through the anticipated period can be credited to numerous factors including efforts towards mitigating climate change, energy-efficient building necessities, adoption of environmental-friendly building certificates and standards, sustainable materials research and development, rising demand for zero-energy building designs and passive houses, and urbanisation correlated with population expansion. Key trends identified for the forecast duration encompass wi-fi enabled and intelligent systems, eco-friendly refrigerants aligned with sustainability, inverter technology, ductless mini-split systems, and heat pump technology.
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What Drivers Are Propelling the Growth of Ductless Heating And Cooling Systems Market Forward?
The rise in smart homes is anticipated to boost the ductless heating and cooling systems market. These smart homes offer users greater management over their energy use through automation of tasks such as temperature control, light control, window treatment operation, and weather-dependent watering adjustments. These actions promote electricity conservation and help lower energy and water costs. For example, a study by Oberlo, a software development firm based in Lithuania, revealed that in 2022, about 57.4 million homes in the US are now equipped with smart home devices. This represents a growth of 6.7% compared to 2021, during which 53.8 million households used smart home devices. Hence, the expanding number of smart homes is expected to influence the growth of the ductless heating and cooling systems market over the forecast period.
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Which Emerging Trends Are Transforming the Ductless Heating And Cooling Systems Market in 2025?
Leading enterprises in the Ductless Heating and Cooling Systems industry are working on creating novel solutions, such as ductless heat pump systems. These solutions aim to improve energy efficiency and offer flexible heating and cooling options for both private and commercial properties. A ductless heat pump system is an energy-saving solution comprising an external unit along with one or multiple internal units. It offers adaptive climate control without requiring ductwork. This allows temperature regulation in different zones and enhanced indoor air quality. An illustration of this was in May 2024 when Quilt, a technology-based HVAC business from the US, introduced a unique ductless heat pump system for contemporary home climate control. It has customizable indoor units fitted with smart technology and stylish designs. Using millimeter-wave radar sensors to detect occupancy, it manages room temperature efficiently through a mobile app or a specialized remote. Owing to its great energy efficiency (SEER2 25 and HSPF2 12) and excellent performance even in extreme weather conditions, each Quilt heat pump, including installation, is set at $6,499 per room.
What Are the Key Segments in the 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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Who Are the Key Players Shaping the Ductless Heating And Cooling Systems Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Ductless Heating And Cooling Systems Market?
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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